Risk Analysis of Construction Projects Using Fuzzy Logic

This paper reports the methodology to solve risk analysis problems related to Construction industry with the purpose of determining the project's attractiveness. The literature presented in this paper is related with use of fuzzy logic risk analysis of construction projects. This logic is perfect to deal with the uncertainty risk plays in a projects development. This methodology provides a quick and efficient tool for project managers in their use of project evaluation, by allowing the project manager to scrap useless projects without putting the least amount of effort into an analysis. This methodology can also be generalized and therefore have the capability of being used in the project evaluation in many different kinds of industries not only the construction industry.