Journal of Advances in Engineering and Technology [JAET]

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The Journal of Advances in Engineering and Technology (JAET) is an international, open access, double blind peer-reviewed journal. It is published by the Faculty of Engineering of Sri Lanka Institute of Information Technology (SLIIT). The JAET aims at fostering research and development work in Engineering and Technology and bringing researchers on to a common platform. Furthermore, JAET will also accept review articles on appropriate subject areas including concept papers of academic opinions, book reviews, etc. for publication therein.

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    PublicationOpen Access
    Optimizing the Financial Risk Management Strategies in Water Supply Projects in Sri Lanka
    (SLIIT, Faculty of Engineering, 2025-01) Senanayake, U. S; Wijesinghe, T.; Perera, B. K. C.; Jayasinghe, Y. M.
    Infrastructure construction projects are considered highly susceptible to risks and uncertainties due to their complicated designs, sizes, functions and structural complexities. Among the different types of risks, the financial risks and the ability to manage them will have great implications for the cost performance of the relevant infrastructure projects. Therefore, high attention is paid to the financial risk management aspect of public infrastructure projects. In that concern, water supply infrastructure projects share several characteristics in common with other infrastructure construction projects while holding several other characteristics unique to themselves. Although many studies have been conducted on financial risk management in building and infrastructure projects, observed scanty of studies that address the financial risk management aspects of water supply projects in the Sri Lankan context. Therefore, this study is meant to fill significant void in terms of developing a financial risk management framework to address financial risk factors in Sri Lankan water supply projects. In carrying out this study, a mixed methodology was followed under an exploratory sequential design. Accordingly, the risk factors and risk management strategies identified in the reference literature were screened and shortlisted for their applicability in designing water supply projects in Sri Lanka and were validated through findings achieved at interviews with experts capable of highlighting new risk financial factors and strategies unique to the water supply projects in Sri Lanka. Subsequently, the risk factors and strategies identified in this process are mapped to develop a financial risk management framework for implementation of water supply projects in Sri Lanka in the future.
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    PublicationOpen Access
    Strategies Used by the Sri Lankan Construction Industry to Overcome the Challenges Posed by the Covid-19
    (SLIIT, Faculty of Engineering, 2023-03-02) Fernando, P; Gunarathna, N
    The global outbreak of the COVID-19 pandemic has thrown the world's political, social, economic, religious, and financial structures into disarray. COVID-19 has a broad range of effects on numerous industries, including construction. Sri Lanka as a developing country is also affected by the pandemic and many sectors of the Sri Lankan economy such as construction, education, tourism, imports and exports, agriculture, and health etc are experiencing negative consequences of the pandemic, Construction industry as one of the key sectors of the economy was also severely affected by the COVID-19 global pandemic in various ways. Construction companies and government institutes are taking action to face these challenges. This study describes how COVID-19 impacts the local construction industry throughout the construction process. Furthermore, the impact was evaluated with regard to several aspects namely, financial, human resources, supply chain and logistics, legal, and completion and handover of the project. The strategies which are used by the construction industry participants to face the challenges of the pandemic are also discussed. A mixed research approach was used in the study and questionnaires which comprised of both qualitative and quantitative questions were used as a data collection tool. This research revealed new knowledge about the construction industry in relation to the COVID-19 pandemic. The study's most important finding was that the spread of the virus influenced the entire construction process. The pandemic had a major impact on the construction stage as well as the human resources aspect of the industry.