RISK ASSESSMENT & ANALYSIS IN HIGHWAY CONSTRUCTION CAUSE COST &TIME OVERRUN IN PROJECT OF AFGHANISTAN CONSTRUCTION INDUSTRY
The construction sector in Afghanistan has undergone significant improvements in recent years, but the lack of attention to risk assessment and analysis remains a major concern. Many construction projects have experienced cost and time overruns due to unforeseen events and risks that could have been mitigated with proper risk management planning. As seen in the case study of highway construction, a risk assessment was conducted before the project commenced, but despite this, the project still experienced several cost and time overruns. These overruns were caused by factors such as delays in obtaining permits and approvals, security concerns, unforeseen geological conditions, and shortages of skilled labor and equipment. Studies on select sample projects in Afghanistan have shown that neglecting risk assessment and analysis can lead to significant schedule and expense overruns, potentially resulting in project failure. Therefore, it is essential for construction businesses in Afghanistan to prioritize risk management planning to minimize the impact of unforeseen events and mitigate risks that could cause cost and time overruns. In conclusion, while Afghanistan's construction sector has made significant improvements in recent years, there is still a need for greater attention to risk assessment and analysis to ensure that projects are completed on time and within budget. It is crucial for construction businesses in Afghanistan to prioritize risk management planning to minimize the impact of unforeseen events and mitigate risks that could lead to project failure.
Construction, Highway, Afghanistan, Neglecting