Risk Management of Ready mix concrete plant
| Author(s) | : | Sandra G Raj, Prof Biju Augustine P |
| Institution | : | Industrial Engineering and management, RIT College, Pampady, |
| Published In | : | Vol. 6, Issue 5 — May 2019 |
| Page No. | : | 170-173 |
| Domain | : | Engineering |
| Type | : | Research Paper |
| ISSN (Online) | : | 2348-4470 |
| ISSN (Print) | : | 2348-6406 |
Risk management is the identification, assessment and prioritization of risks followed by coordinated andeconomical application of resources. Due to the special nature of the construction industries like Readymix concrete, andthe growing need of having innovative and complex projects, the risk assessment process has become more complex. Inthe current paper, major risk factors affecting Readymix production were assessed and prioritized using Failure ModeEffect and Criticality Analysis (FMECA) and Analytical Network Process respectively. The most critical risk associatedwith the strength of readymix concrete was identified and recommendations were given to reduce the prevalent issues inthe readymix plant.
Sandra G Raj, Prof Biju Augustine P, “Risk Management of Ready mix concrete plant”, International Journal of Advance Engineering and Research Development (IJAERD), Vol. 6, Issue 5, pp. 170-173, May 2019.
