Selection of Construction Project Taking into Account Technological and Organizational Risk

During the implementation of construction projects, there is permanently a certain level of technological and organizational risk. This is due to the fact that the data on conditions for a construction project tend to have different levels of uncertainty. Even the projects of the same size and terms of implementation vary. The failure risk of individual works results from technological and organizational factors, such as, for example, the difficulty of technological execution of individual works; availability of construction materials; the difficulty of the organization of individual works; availability of qualified personnel, availability of necessary machinery and equipment in the technology, etc. These factors affect the time and the cost of construction projects. When taking into account their influence, while selecting an option for construction project, it is crucial to maintain the contractual cost and time. An example of the option selection for construction project implementation is presented in this article, including technological and organizational risk, using the fuzzy sets theory and linguistic variables.