Economic crisis management in construction projects - A Review

You Many of the construction industries have accepted increasing importance of economic crisis management to control risks. Economic crisis and their management have been critical issues which are related with projects, the construction company and their customers are related with higher chances of...

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Main Authors: NP Srinivasan, A Dinesh, K Nirmalkumar, A Karthick, P Mukesh
Format: Article
Language:English
Published: EDP Sciences 2023-01-01
Series:E3S Web of Conferences
Subjects:
Online Access:https://www.e3s-conferences.org/articles/e3sconf/pdf/2023/36/e3sconf_iconnect2023_03005.pdf
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author NP Srinivasan
A Dinesh
K Nirmalkumar
A Karthick
P Mukesh
author_facet NP Srinivasan
A Dinesh
K Nirmalkumar
A Karthick
P Mukesh
author_sort NP Srinivasan
collection DOAJ
description You Many of the construction industries have accepted increasing importance of economic crisis management to control risks. Economic crisis and their management have been critical issues which are related with projects, the construction company and their customers are related with higher chances of risk. The reason for their higher risk is their construction process and activities, their background and their organization. This study is related to economic crisis which immediately taken part in the construction project. The risk in the construction projects is usually identified as an event that highlights objectives of manpower, material and money. The ideas at various levels of construction industries have been collected through literature survey and their results have been analyzed in this paper. From this literature study, the situations influencing economic crisis were studied and recommendation has been expressed to devastate those economic crisis situations.
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spelling doaj.art-7f9251e32bb147f0a751eba1786a7f562023-07-21T09:28:45ZengEDP SciencesE3S Web of Conferences2267-12422023-01-013990300510.1051/e3sconf/202339903005e3sconf_iconnect2023_03005Economic crisis management in construction projects - A ReviewNP Srinivasan0A Dinesh1K Nirmalkumar2A Karthick3P Mukesh4Assistant Professors, Department of Civil Engineering, M. Kumarasamy College of EngineeringAssistant Professor, Department of Civil Engineering, Sri Ramakrishna Engineering CollegeProfessor, Department of Civil Engineering, Kongu Engineering CollegeAssistant Professor, Department of Civil Engineering, Kongunadu College of Engineering and TechnologyAssistant Professors, Department of Civil Engineering, M. Kumarasamy College of EngineeringYou Many of the construction industries have accepted increasing importance of economic crisis management to control risks. Economic crisis and their management have been critical issues which are related with projects, the construction company and their customers are related with higher chances of risk. The reason for their higher risk is their construction process and activities, their background and their organization. This study is related to economic crisis which immediately taken part in the construction project. The risk in the construction projects is usually identified as an event that highlights objectives of manpower, material and money. The ideas at various levels of construction industries have been collected through literature survey and their results have been analyzed in this paper. From this literature study, the situations influencing economic crisis were studied and recommendation has been expressed to devastate those economic crisis situations.https://www.e3s-conferences.org/articles/e3sconf/pdf/2023/36/e3sconf_iconnect2023_03005.pdfrisk managementeconomic crisiscontractorsrisk perceptioncontractors
spellingShingle NP Srinivasan
A Dinesh
K Nirmalkumar
A Karthick
P Mukesh
Economic crisis management in construction projects - A Review
E3S Web of Conferences
risk management
economic crisis
contractors
risk perception
contractors
title Economic crisis management in construction projects - A Review
title_full Economic crisis management in construction projects - A Review
title_fullStr Economic crisis management in construction projects - A Review
title_full_unstemmed Economic crisis management in construction projects - A Review
title_short Economic crisis management in construction projects - A Review
title_sort economic crisis management in construction projects a review
topic risk management
economic crisis
contractors
risk perception
contractors
url https://www.e3s-conferences.org/articles/e3sconf/pdf/2023/36/e3sconf_iconnect2023_03005.pdf
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AT adinesh economiccrisismanagementinconstructionprojectsareview
AT knirmalkumar economiccrisismanagementinconstructionprojectsareview
AT akarthick economiccrisismanagementinconstructionprojectsareview
AT pmukesh economiccrisismanagementinconstructionprojectsareview