Construction Risk Assessment through Partial Least Square Technique

Construction industry in developing and under developing country has the priority among the other industries. It assumes safe investment in an uncertain market on behalf of privatization. It is most important that the project in this industry is managed as per the best project management planning practice. In the developing country the project manager faces a lot of difficulties to manage the project. There are various factors which are responsible for the project progress and controlling. In this research we incorporate some factors which influence the project progress among all other factors. The main motive of this research is to analyze the factors which are responsible for the progress of the project. From literature survey and expert opinion we consider seven main factors and their 31 sub factors which are analyzed by “PARTIAL LEAST SQUARE STRUCTURE EQUATION MODELING” based on SMART PLS3.0 software. It finally determines which factor in construction project play a major role in the whole risk of that project