Risk Assessment Models in Engineering Projects Using Applied Scientific Techniques

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Ravindra Patil

Abstract

Risk assessment is a critical scientific activity in engineering projects, aimed at identifying, analyzing, and mitigating uncertainties that threaten project performance. With increasing project complexity, traditional qualitative approaches alone are insufficient. This study presents a comprehensive analysis of risk assessment models used in engineering projects, emphasizing applied scientific techniques such as probabilistic modeling, fuzzy logic, Bayesian networks, Monte Carlo simulation, and artificial intelligence-based approaches. Comparative tables and conceptual charts are used to evaluate model applicability, strengths, and limitations. The findings indicate that hybrid and data-driven models significantly improve predictive accuracy and decision-making effectiveness in complex engineering environments.

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How to Cite
Ravindra Patil. (2026). Risk Assessment Models in Engineering Projects Using Applied Scientific Techniques. Applied Science, Engineering and Management Bulletin [ASEMB], 3(01(Jan-Mar), 9–14. Retrieved from https://strjournals.com/index.php/asemb/article/view/63
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