Abstract:
This study investigates the risk identification tools and techniques used in construction projects in Sri Lanka's Western Province, with a focus on their effectiveness and challenges. Given the rapid growth of the construction industry in the region, effective risk management has become crucial for the successful completion of projects. The primary objective of this research is to assess the strengths and weaknesses of current risk identification methods and propose improvements for enhancing risk management practices. A qualitative analysis approach was employed, utilizing data collected from
surveys and interviews with construction experts, including project managers, engineers, and contractors. The study examines traditional risk identification tools, such as checklists, expert judgment, and brainstorming sessions, and evaluates their effectiveness in identifying and mitigating potential risks. Additionally, the research highlights challenges such as a lack of awareness, insufficient stakeholder involvement, and limited integration of advanced technologies like Building Information Modeling (BIM). The findings reveal that while current methods provide a basic framework for risk management, there are significant gaps in their application, particularly when addressing complex and unforeseen risks. To improve risk identification practices, the research recommends integrating
advanced tools, adopting standardized risk management procedures, and fostering greater collaboration among stakeholders. Furthermore, capacity-building training programs for construction professionals are essential to improving the overall effectiveness of risk management. The study contributes to the development of more robust risk management strategies, aiming to enhance the success rate of construction projects in the Western Province by addressing the challenges and gaps in existing practices.
