scholarly journals Methodology for assessment and risk management of the investment and construction project

2021 ◽  
Vol 263 ◽  
pp. 05044
Author(s):  
Elena Nidziy
Keyword(s):  
Risk Management ◽  
Risk Analysis ◽  
Construction Project ◽  
Investment Project ◽  
Practical Significance ◽  
Successful Implementation ◽  
Project Implementation ◽  
Management Mechanism ◽  
Integrated Methodology ◽  
Methods Of Analysis

The purpose of this work is to substantiate and develop methods of analysis, accounting and assessment of risks in investment and construction activities as a factor of successful implementation of the investment project. Improving the efficiency of the investment and construction project implementation can be ensured by the use of adequate methods for identifying, analyzing, evaluating, forecasting and preventing risks during the project implementation. The author developed a comprehensive methodology for risk analysis and assessment during the implementation of an investment and construction project taking into account the peculiarities of the industry in order to improve the risk management mechanism. The practical significance of the article lies in the possibility of using the developed integrated methodology for analyzing and assessing the risks of an investment and construction project as a mandatory condition for the safe functioning and development of investment and construction activities in the implementation of projects.

scholarly journals Research for Risk Management of Construction Projects in Taiwan

2021 ◽  
Vol 13 (4) ◽  
pp. 2034
Author(s):  
Chien-Liang Lin ◽  
Bey-Kun Chen
Keyword(s):  
Risk Management ◽  
Risk Analysis ◽  
Structural Equation ◽  
Construction Projects ◽  
Construction Project ◽  
Equation Modeling ◽  
Analysis Model ◽  
Sustainable Operation ◽  
Management Procedure ◽  
Risk Managers

Risks inevitably exist in all stages of a project. In a construction project, which is highly dynamic and complex, risk factors affect the expected achievement rates of the three main performance goals, namely schedule, cost, and quality. A comprehensive risk management procedure requires three crucial steps: risk confirmation, analysis, and treatment. Risk analysis is the core of risk management. Through structural equation modeling, this study developed a risk analysis model that takes a different perspective and considered the occurrence probability of risk events and the extent to which these events affect a project. The contractor dimension was discovered to exert the strongest influence on an overall project, followed by the subcontractor and design dimensions. This paper proposes a novel construction project risk analysis model, which considers the entire project. The proposed model can be used as a reference for risk managers to make decisions about project risks, so as to achieve the ultimate goal of saving resources and the sustainable operation of the construction project.

Determinants of successful implementation of donor-funded projects in Uganda

2015 ◽  
Vol 42 (12) ◽  
pp. 1139-1154 ◽  
Author(s):  
Shafic Mujabi ◽  
Samson Omuudu Otengei ◽  
Francis Kasekende ◽  
Joseph Mpeera Ntayi
Keyword(s):  
Risk Management ◽  
Explanatory Power ◽  
Empirical Literature ◽  
Hierarchical Regression ◽  
Successful Implementation ◽  
Project Implementation ◽  
Content Type ◽  
Organizational Rationality ◽  
And Performance ◽  
The Relationship

Purpose – The purpose of this paper is to examine, empirically the relationship between organizational rationality, knowledge management (KM), risk management and successful implementation of donor-funded projects in Uganda. Design/methodology/approach – Data were obtained from 195 project managers of donor-funded projects both managed within government systems and those outside government using a questionnaire. Zero-order correlation analysis and hierarchical regression analysis were employed to analyze the data. Findings – The paper has two major findings: all the predictor variables are positively and significantly related to successful project implementation; and the relationship is strong enough to cause a 23 percent (R²) increase in the explanatory power in the presence of control variables. Research limitations/implications – The study focussed on selected donor-funded projects in Uganda and this limited the generalization of the findings. Moreover, there was also limited availability of local empirical literature with respect to implementation and performance of donor-funded projects. Practical implications – The results suggest that organizations that embrace organizational rationality, risk management and KM succeed in project implementation. Originality/value – There are many studies that investigate the practices adopted by organizations that implement donor-funded projects, however, this is the first study to the authors’ knowledge that examines the relationship between KM, rationality, risk management and successful implementation of donor-funded projects in Uganda.

scholarly journals Alternative approach to analysis of risks affecting the efficiency of implementing the investment project in the conditions of global instability of economic space

2020 ◽  
Vol 74 ◽  
pp. 06009
Author(s):  
Liana M. Chechenova ◽  
Natalia V. Volykhina ◽  
Yuriy V. Egorov
Keyword(s):  
Risk Management ◽  
Risk Analysis ◽  
Investment Project ◽  
Management Decision ◽  
Global Instability ◽  
Random Factor ◽  
Economic Space ◽  
Investment Projects ◽  
Expert Assessments

This article is devoted to the study of improving the use of expert assessments for risk analysis, affecting the effectiveness of the implementation of a comprehensive investment project in the global instability of the economic space. The existing methods of expert assessments and Monte-Carlo simulation methods used to identify and assess the risks of investment projects are described. A systematic analysis of the main risks of investment projects in the context of globalization and risk management methods was carried out. The author’s classification of risks of investment projects using the criteria of economic efficiency has been developed. An approach to risk analysis, affecting the effectiveness of the implementation of complex investment projects based on existing methods using the concept of the “reduced” random factor, is proposed. This approach is used to analyse project implementation risks in the conditions of market instability with the development of recommendations for managing the main project risks. The author’s risk classification of investment projects is important at the stage of analysing risks arising from the study of sales markets, as well as during the management decision-making process, which minimizes the possible adverse impact on an organization, including losses caused by random events. The proposed approach can be applied to the analysis, express-analysis and risk management of long-term complex investment projects in the conditions of global instability of the economic space.

scholarly journals RELIABILITY, RISK MANAGEMENT, AND CONTINGENCY OF CONSTRUCTION PROCESSES AND PROJECTS / STATYBOS PROCESŲ IR PROJEKTŲ PATIKIMUMAS, RIZIKOS IR ATSITIKTINUMŲ VALDYMAS

2012 ◽  
Vol 18 (2) ◽  
pp. 290-298 ◽  
Author(s):  
Zenonas Turskis ◽  
Marcin Gajzler ◽  
Agnieszka Dziadosz
Keyword(s):  
Risk Management ◽  
Risk Analysis ◽  
Process Management ◽  
Integrated Management ◽  
Construction Project ◽  
Specific Context ◽  
Advisory Systems ◽  
Investment Process ◽  
Management Advisory

The paper presents the evolution of concepts, an overview of research and applications pertaining to reliability in construction production, the use of reserves, robust itineraries, and contingency of time and cost. It describes areas of management advisory systems in relation to the cycle of risk analysis. The article also presents the main trends in different approaches to risk management in construction and construction project processes, such as reliability of production, discount methods, methods of reporting, integrated management together with trends towards standardisation of the investment process management. The discussion is embedded in the specific context: the achievements of trilateral academic colloquia, with participation of Lithuania, Germany and Poland, and a review of work by Professor Kapliński, the chair of the Polish delegation to the aforementioned colloquia. Santrauka Straipsnyje pateikiama koncepcijų raida, mokslinių tyrimų ir taikomųjų programų, susijusių su statybos produkcijos pati-kimumu, atsargų, patikimų maršrutų bei laiko ir lėšų naudojimo nenumatytais atvejais, apžvalga. Aprašomos valdymo konsultavimo sistemų sritys, atsižvelgiant į rizikos analizės ciklą. Straipsnyje taip pat apžvelgiamos pagrindinės skirtingų požiūrių į rizikos valdymą statybos ir statybos projektavimo procesų metu tendencijos, pavyzdžiui, gamybos patikimumo, diskonto metodai, atskaitomybės metodai, integruotas valdymas bei investicinio proceso valdymo standartizavimo ten-dencijos. Diskusija pateikiama specifiniame trišalio akademinio bendradarbiavimo, dalyvaujant Lietuvai, Vokietijai ir Lenkijai, bei Lenkijos delegacijos pirmininko profesoriaus Kapliński pasiekimų kontekste.

scholarly journals THE VALUE AND DIRECTIONS OF IMPROVING THE INVESTMENT RISK MANAGEMENT PROCESS IN A PHARMACEUTICAL COMPANY

2021 ◽  
Vol 9 (9) ◽  
pp. 260-262
Author(s):  
O. V. Kadyrova ◽  
Yu. I. Sevostyanov
Keyword(s):  
Risk Management ◽  
Risk Analysis ◽  
Pharmaceutical Company ◽  
Investment Project ◽  
Investment Risk ◽  
Management Process ◽  
Risk Management Process

The article considers investment risk because of the influence of uncertainty on the achievement of the goals of a particular investment project. The results of the analysis of the practice of investment risk management in a particular pharmaceutical company are presented. It is concluded that the exclusion of the stage of its processing from the investment risk management process entails the loss of possible benefits due to the refusal to implement projects based on the results of risk analysis. Improving the investment risk management process is a factor in increasing the value of the company.

scholarly journals DILEMMAS IN CONSTRUCTION PROJECT DUE TO SCARCE RISK ANALYSIS

2021 ◽  
Vol 16 (3) ◽  
Author(s):  
Fazal E Rahim
Keyword(s):  
Risk Management ◽  
Risk Analysis ◽  
Construction Industry ◽  
Response Rate ◽  
Construction Project ◽  
Business Environment ◽  
Construction Organizations ◽  
Get Complex

In this study, the authors try to compute the importance of risk management in construction industries and try to validate that risk management is a vital tool to manage the project for this purpose about 150 questionnaires were distributed to stakeholders a response rate of 66% thereby achieved acceptable for the construction industry. 86 % of respondents were over 30 years of age. While 67 % of respondents were having experience of over 10 years in construction. Maximum of the respondents were at the key positions in their organizations. Results of the survey have vividly shown that the construction industry faces many challenges and uncertainties. The trends are that as the business environment grows more complex and dynamic, the risks and uncertainties which construction organizations face also get complex and significant.

Design Thinking as a Tool for the Analysis of Project Risks

2019 ◽  
Vol 16 (6) ◽  
pp. 60-77
Author(s):  
E. V. Vasilieva ◽  
T. V. Gaibova
Keyword(s):  
Risk Management ◽  
Risk Analysis ◽  
Design Thinking ◽  
Management Tools ◽  
Project Risk ◽  
Team Members ◽  
Investment Projects ◽  
Risk Management Process ◽  
Project Objectives ◽  
Project Risk Analysis

This paper describes the method of project risk analysis based on design thinking and explores the possibility of its application for industrial investment projects. Traditional and suggested approaches to project risk management have been compared. Several risk analysis artifacts have been added to the standard list of artifacts. An iterative procedure for the formation of risk analysis artifacts has been developed, with the purpose of integrating the risk management process into strategic and prompt decision-making during project management. A list of tools at each stage of design thinking for risk management within the framework of real investment projects has been proposed. The suggested technology helps to determine project objectives and content and adapt them in regards to possible; as well as to implement measures aimed at reducing these risks, to increase productivity of the existing risk assessment and risk management tools, to organize effective cooperation between project team members, and to promote accumulation of knowledge about the project during its development and implementation.The authors declare no conflict of interest.

Designing Risk Qualitative Assessment on Fiber Optic Instalation Project in Indonesia

2018 ◽  
Vol 2 (01) ◽  
Author(s):  
Devi Pratami
Keyword(s):  
Risk Assessment ◽  
Risk Analysis ◽  
Fiber Optic ◽  
Qualitative Assessment ◽  
Quality And Safety ◽  
Project Implementation ◽  
Cost Impact ◽  
Implementation Assessment ◽  
The Impact ◽  
Impact Cost

A project always has risks that can lead to project failure. In the project, a risk analysis is required to provide an evaluation for the project to proceed as planned. In the event of inadequate planning and ineffective control, it will result in irregularities identified as a risk to the project. This study aims to analyze the qualitative risk on Fiber Optic Installaion project in Sukabumi, West Java, Indonesia. In addition, risk assessment is undertaken on project implementation. Assessment of risk using the impact and probability to measure the impact of risk occurrence. The impacts are more detailed by classified by time impact, cost impact, quality impact, safety and security impact, proximity. The result is there are 36 risk that may occur and mostly risks are associaated by quality and safety&security impact.

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