Identification of key Risks in Fast-Track Construction projects: A Literature Review

Abstract

Fast-track construction projects have become more common in recent years as a response to increased demand. The sector was known for its high-risk and high-complexity features. Regardless of the degree of difficulty in construction projects, the construction industry has responded to requirements for faster project delivery deadlines to meet standards, emergency/disaster preservation, and time-to-market constraints. The purpose of this study was to clarify risk management's role in fast-track construction projects, evaluate how fast-track construction projects impact the construction time of such projects, and investigate risks that might occur from different levels of overlap. To achieve this, the paper undergone a comprehensive literature review on several 43 papers that have been published in Scopus. The researcher reviewed the literature for several studies, such as papers and books in this field from 2000 to 2021. The results were: identifying accelerated techniques and their classification; clarifying risks; risk management processes and their classification; and clarifying risks in fast-track construction projects because of an unfair risk distribution between the contractual parties because of specific or incorrect contract terms. This has led to a careful assessment of the scope of the work and how the project will be executed.