Article: Assessment for risk of logistics infrastructure projects using analytic network process Journal: International Journal of Process Management and Benchmarking (IJPMB) 2021 Vol.11 No.5 pp.725 - 756 Abstract: Mega construction projects are subject to multiple risks which influence project objectives, such as, cost, quality and time. Risk intensity varies across different stages of the life cycle of the project. While most of the studies in risk management have been on identifying risks in various projects, very few of them have explored risks in air logistics infrastructure development projects. In this study, we have designed risks prioritising model for such projects using analytic network process (ANP) technique with paired risk comparison. The data was collected through extensive literature review and detailed interview/questionnaire inputs from subject matter experts involved in development of mega air logistics development projects. The analysis through ANP technique has revealed comparison of various risks, their interdependencies, their relative ranking based on risk priority indices. This has revealed that the financial and the construction risks play a very important and critical role for the success of infrastructure projects. Finally, the study presents insights into risk implications with their relative importance that will rationalise the management's effort. Inderscience Publishers - linking academia, business and industry through research

Title: Assessment for risk of logistics infrastructure projects using analytic network process

Authors: Vijay Kumar Sharma; Satyendra Kumar Sharma; Ajit Pratap Singh

Addresses: Department of Management, New Academic Building, BITS Pilani, Rajasthan, 333031, India ' Department of Management, New Academic Building, BITS Pilani, Rajasthan, 333031, India ' Department of Civil Engineering, Faculty Division-1 Building, BITS Pilani, Rajasthan, 333031, India

Abstract: Mega construction projects are subject to multiple risks which influence project objectives, such as, cost, quality and time. Risk intensity varies across different stages of the life cycle of the project. While most of the studies in risk management have been on identifying risks in various projects, very few of them have explored risks in air logistics infrastructure development projects. In this study, we have designed risks prioritising model for such projects using analytic network process (ANP) technique with paired risk comparison. The data was collected through extensive literature review and detailed interview/questionnaire inputs from subject matter experts involved in development of mega air logistics development projects. The analysis through ANP technique has revealed comparison of various risks, their interdependencies, their relative ranking based on risk priority indices. This has revealed that the financial and the construction risks play a very important and critical role for the success of infrastructure projects. Finally, the study presents insights into risk implications with their relative importance that will rationalise the management's effort.

Keywords: air transport infrastructure; analytic network process; ANP; risk priority indexes; RPIs.

DOI: 10.1504/IJPMB.2021.117341

International Journal of Process Management and Benchmarking, 2021 Vol.11 No.5, pp.725 - 756

Received: 03 Jul 2019
Accepted: 28 Sep 2019
Published online: 31 Aug 2021 *

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Title: Assessment for risk of logistics infrastructure projects using analytic network process

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