Hybrid Approach to Construction Project Risk Management with Simultaneous FMEA/ISO 31000/Evolutionary Algorithms: Empirical Optimization Study

2018 ◽  
Vol 144 (6) ◽  
pp. 04018043 ◽  
Author(s):  
Yaser Rahimi ◽  
Reza Tavakkoli-Moghaddam ◽  
Seyed Hossein Iranmanesh ◽  
Maliheh Vaez-Alaei
Keyword(s):  
Risk Management ◽  
Evolutionary Algorithms ◽  
Construction Project ◽  
Hybrid Approach ◽  
Project Risk Management ◽  
Project Risk ◽  
Optimization Study ◽  
Iso 31000

scholarly journals Network Theory-Based Analysis of Construction Project Risks

2016 ◽  
Vol 5 (2) ◽  
pp. 24
Author(s):  
Hafida Lmoussaoui ◽  
Hicham Jamouli
Keyword(s):  
Risk Management ◽  
Network Theory ◽  
Construction Projects ◽  
Construction Project ◽  
Risk Identification ◽  
Project Risk Management ◽  
Monitoring And Control ◽  
Project Risk ◽  
Novel Approach ◽  
Project Risks

<p>Because of their specific and complex characteristics, construction projects are exposed to numerous risks of various natures, which make their management more difficult. In this setting, Project Risk Management is an indispensable activity for their successful delivery. It consists in the risk identification, assessment, prioritization, treatment, monitoring and control. This paper presents a novel approach for the identification of construction project risks and a network theory-based methodology for their modelling and analysis. These models serve as a powerful tools comparing to classical methods and provide a support for decision-making regarding Project Risk Management. A case study of a real construction project is used to illustrate these findings.</p>

Research on Risk Sharing Mode of the Construction Project Based on Systems Theory

2011 ◽  
Vol 99-100 ◽  
pp. 233-237 ◽  
Author(s):  
Yun Peng Hu
Keyword(s):  
Risk Management ◽  
Risk Sharing ◽  
Construction Project ◽  
Three Dimensional ◽  
Vital Role ◽  
Space Structure ◽  
Project Risk Management ◽  
Three Dimension ◽  
Project Risk ◽  
Project Participants

The construction contracts are the important basis of the project risk management and a reasonable contract system can effectively share engineering risks among various project participants. However, the current situation of risk management in China is not optimistic. Based on the analysis of the existing problems in the risk sharing management, the paper introduces Hall three dimension structure into the engineering fields and establishes a three-dimensional (contract dimension, procedure dimension and logic dimension) space structure of the construction project to elaborate the vital role of the contracts in the project risk management. Finally, the paper attempts to put forward a risk sharing mode centered on contract systems to make a reasonable and effective risk distribution among various project participants

In the Engineering Project of Legal Risk Control

2014 ◽  
Vol 1044-1045 ◽  
pp. 1760-1763
Author(s):  
Jin Ping Liu
Keyword(s):  
Risk Management ◽  
Rapid Development ◽  
Construction Project ◽  
Developed Countries ◽  
International Standards ◽  
Project Risk Management ◽  
Engineering Project ◽  
Project Risk ◽  
Market Economy System ◽  
Capital Construction

The importance and urgency of construction engineering project risk management is in the process of China's construction industry in line with international standards gradually emerge. Construction project risk management is to determine the needs of the market economy system. With the rapid development of modern industry and modern science and technology, both in developed countries and developing spend a lot of money on basic construction. Therefore engineering construction project has the characteristics of risk big uncertainty, risk, etc. So we should strengthen the construction of the project risk management, is conducive to capital construction and development of the national economy in our country. This article focus on the legal risks in the process of project bidding for the prevention and control.

The Analysis of Contractor’s Risk Clause Based on the FIDIC Construction Contract

2014 ◽  
Vol 687-691 ◽  
pp. 4815-4818
Author(s):  
Zhang Lin Guo ◽  
Ya Zhen Hu ◽  
Jun E Liu
Keyword(s):  
Risk Management ◽  
Construction Project ◽  
Project Risk Management ◽  
Engineering Project ◽  
Project Risk ◽  
Project Contract

Contractors for the construction of the risk in the contract clause clear analysis is an important content of construction project risk management. Based on the 1999 edition of FIDIC contract conditions for construction of the demonstration text as the research object, according to the risk and responsibility on the contractor risk clause matching principle clear classification. To provide the contractor some experience for reference which the contractor could better control of engineering project contract risk.

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