RISK ASSESSMENT AND MITIGATION OF HIGH-RISE BUILDING

RISK ASSESSMENT AND MITIGATION OF HIGH-RISE BUILDING

Chaitaly Mehta 1 ; Rishi D Patel 2

1 Professor, Department of Construction Management, MIT College of Management, MIT Art, Design and Technology University, Pune, Maharashtra, India

2 Post Graduate Student, Department of Construction Management, MIT College of Management, MIT Art, Design and Technology University, Pune, Maharashtra, India.

Corresponding author Email ID:  rishipatel.1116@gmail.com

Abstract - The construction and operation of high-rise buildings pose unique challenges due to their complexity, height, and dense occupancy. This research paper explores the processes involved in identifying, evaluating, and managing risks associated with high-rise building projects. It examines various types of risks, including safety, financial, legal, design, and environmental risks, and presents methods for their assessment, such as qualitative and quantitative approaches, risk matrices, and failure mode analysis. Additionally, the paper discusses effective risk mitigation strategies, including safety management, site planning, design reviews, technology integration, and insurance coverage, emphasizing their importance in ensuring the safety, stability, and long-term viability of high-rise buildings. The findings highlight the significance of proactive risk management to minimize financial losses, project delays, and safety incidents, ultimately ensuring the successful completion and sustainable integration of high-rise buildings in urban landscapes.