scholarly journals Politics, perception and related social issues of life-cycle cost management for civil infrastructure systems

2009 ◽  
Vol 5 (1) ◽  
pp. 1-1 ◽  
Author(s):  
Ross B. Corotis
Author(s):  
Hyung Seok Jeong ◽  
Dolphy M. Abraham ◽  
Dulcy M. Abraham

This article reviews current research and practice of knowledge management (KM) in the management of Civil infrastructure systems. Civil infrastructure systems, such as energy systems (electric power, oil, gas), telecommunications, and water supply, are critical to our modern society. The economic prosperity and social well being of a country is jeopardized when these systems are damaged, disrupted, or unable to function at adequate capacity. The management of these infrastructure systems has to take into account critical management issues such as (Lemer, Chong & Tumay, 1995): • the need to deal with multiple, often conflicting objectives; • the need to accommodate the interests of diverse stakeholders; • the reliance of decision making on uncertain economic and social issues; • the constraints in data availability; and • the limitations posed by institutional structure.


2011 ◽  
Vol 94-96 ◽  
pp. 2329-2332
Author(s):  
Hong Ping Wang ◽  
Yun Peng Hu

Risk management is an important component of the project life cycle cost management and the project cost risk management system includes management objectives identification, risk factors analysis, risk identification, risk assessment, risk management and risk information feedback. The objectives of the project cost management can be successfully achieved through the life cycle cost risk management of various stages.


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