Issue |
E3S Web Conf.
Volume 399, 2023
International Conference on Newer Engineering Concepts and Technology (ICONNECT-2023)
|
|
---|---|---|
Article Number | 03005 | |
Number of page(s) | 7 | |
Section | Material Science | |
DOI | https://doi.org/10.1051/e3sconf/202339903005 | |
Published online | 12 July 2023 |
Economic crisis management in construction projects - A Review
1 Assistant Professors, Department of Civil Engineering, M. Kumarasamy College of Engineering, Karur, Tamilnadu - 639113, India
2 Assistant Professor, Department of Civil Engineering, Sri Ramakrishna Engineering College, Coimbatore, Tamilnadu, India
3 Professor, Department of Civil Engineering, Kongu Engineering College, Erode, Tamilnadu, India
4 Assistant Professor, Department of Civil Engineering, Kongunadu College of Engineering and Technology, Trichy, Tamilnadu, India
* Correspondingauthor: npscem14@gmail.com
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.
Key words: Risk management / economic crisis / contractors / risk perception / contractors
© The Authors, published by EDP Sciences, 2023
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