Transformation of Risk Mapping in Shopping Mall Construction Through Value Engineering and Risk Assessment (VERA) Approach

The greater the project’s level of complexity and constraints, the greater the project risk. This study aims to identify construction risks and determine appropriate responses to address the dominant risks in a shopping mall project. This study interviewed and surveyed construction stakeholders to collect data and analyze it using the Value Engineering and Risk Assessment (VERA) Method. The initial validation for risk factors was analyzed using the Delphi method. This research developed the FAST diagram, and the risk factors were validated using the Delphi method. The study proceeded to the evaluation phase using the FMEA method. Risk assessment was determined using the RPN value; high-risk factors were mitigated to minimize delays in the construction of the shopping mall. The results of the analysis showed three priority risk indicator variables in shopping mall construction: water flooding, low labor productivity, and a lack of professional labor. Based on the VE result, risk mitigation can be categorized into four main functions: risk management capabilities, technical understanding, professional team development, and project risk definition. The VERA method provides clearer targets for performance achievements, which can be achieved by minimizing disasters, improving worker performance, and selecting appropriate technology. The advantage of VERA through proof in case studies is that it makes the right decisions through risk assessment and benefit values such as time and cost aspects of a project activity risk.

Building construction; Function Analysis System Technique (FAST) method; Failure Mode and Effects Analysis (FMEA) method; Risk assessment; Value engineering

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