scholarly journals Application and Exploration of Overall Risk Management in Construction Enterprises

2021 ◽  
Vol 5 (6) ◽  
pp. 10-23
Author(s):  
Hongyun Tian
Keyword(s):  
Risk Management ◽  
Construction Industry ◽  
Risk Level ◽  
Qualitative And Quantitative Analysis ◽  
Construction Enterprise ◽  
Qualitative And Quantitative ◽  
Construction Enterprises ◽  
Response Strategies ◽  
Overall Risk

This paper mainly starts from the perspectives of management and economics, combined with the characteristics of the construction industry, conducts qualitative and quantitative analysis of the risks involved, studies various factors that cause construction enterprise risks from multiple angles, and uses scientific and effective methods to identify and evaluate risks, as well as determine the risk level. Through the overall risk management response strategies and empirical research of construction enterprises, this paper analyzes the general theory and main avoidance strategies of risk response of construction enterprises, and lays the foundation for follow-up risk management response in the form of cases through the implementation of technical route and innovation points.

The Risk Management of Reducing Merger and Acquisitions Risks for Construction Enterprise

2014 ◽  
Vol 584-586 ◽  
pp. 2359-2362
Author(s):  
Fang Jing Ma
Keyword(s):  
Risk Factors ◽  
Risk Management ◽  
Potential Risk ◽  
Merger And Acquisition ◽  
Risk Level ◽  
Construction Enterprise ◽  
Construction Enterprises ◽  
Potential Risk Factors ◽  
Potential Risks ◽  
Merger And Acquisitions

In order to study the Merger and Acquisition (M&A) risk management for construction enterprise with the Hierarchical Holographic Modeling (HHM) is used to identify potential risks during different phases of M&A. In addition, Risk Filtering, Ranking and Management, which is short for RFRM, can also be used as a tool of risk level assessment to find more effective risks and find the suitable solutions. If M&A is used to identify the potential risks and analyze the risk factors of construction enterprises, they can be very helpful for finding out the solutions for the potential risk factors. At the same time it is useful for managing the M&A project potential risks and implementing well to increase the successful rate.

scholarly journals DETERMINING OF TECHNOLOGICAL EFFECTIVENESS OF BUILDING SYSTEMS BY AHP METHOD

2004 ◽  
Vol 10 (4) ◽  
pp. 135-141 ◽  
Author(s):  
Romualdas Ginevičius ◽  
Valentinas Podvezko ◽  
Algirdas Andruškevičius
Keyword(s):  
Construction Industry ◽  
Building Materials ◽  
Pairwise Comparison ◽  
Construction Technology ◽  
Ahp Method ◽  
Suggested Approach ◽  
Construction Enterprise ◽  
Construction Enterprises ◽  
Building Systems ◽  
Technological Effectiveness

The successful performance of construction enterprises as well as their competitiveness are largely determined by the construction technology and management methods used. In this respect two levels referring to a building or structure itself and to a construction enterprise as a whole should be distinguished. The technology of a building or structure embraces its construction system generally characterizing building materials, design solutions and load‐bearing structures and enclosures used in the construction of this particular building. The problem of selecting a general technological criterion for the whole construction enterprise arises. A construction enterprise fulfilling its annual program can simultaneously construct buildings and structures based on various construction systems, i.e. it can use various technologies. Searching for an integrated criterion to describe an enterprise as a whole three main issues including the variation of the applied technologies and their volumes and technological effectiveness should be taken into consideration. In the paper the problem of determining technological effectiveness of construction systems is considered. A method of pairwise comparison developed by T. Saaty was used to address this problem. The calculations were made for all thirteen technologies currently used in Lithuanian construction industry. Based on the suggested approach the weight of technological effectiveness was determined for each of them in the parts of one.

scholarly journals INSTRUMENTS FOR CASH FLOW MANAGEMENT OF CONSTRUCTION ENTERPRISES

2020 ◽  
pp. 223-229
Author(s):  
Mariya Nashkerska ◽  
Nataliia Patriki
Keyword(s):  
Construction Industry ◽  
Cash Flow ◽  
Financial Stability ◽  
Cash Flows ◽  
Flow Management ◽  
Construction Enterprise ◽  
Cash Flow Management ◽  
Construction Enterprises ◽  
Payment Schedule ◽  
Definition Of

Introduction. Financial state of the construction enterprise, level of its financial stability, creditworthiness and liquidity depend on the availability of current assets, net cash flow (positive or negative), which is formed in the course of conducting payment transactions. The subject of the research is the flow of money of the construction enterprise. The research objectives: identifying the causes of current assets constraints at the construction industry enterprises; using projected cash flow budget and payment schedule as instruments of managing the enterprise cash flow. The purpose of the article is to determine the instruments for cash flow management of construction enterprises, taking into account the peculiarities of their activities. Method (methodology). The article suggests developing projected cash flow budgets and payment schedule to manage cash flows more efficiently (prevent negative net cash flow) based on estimates made by construction enterprises to determine the construction cost. The purpose of the payment schedule is to determine the flow of funds for the next day and the current week as a supplement and detailing of the projected cash flow budget. Research results. The use of the projected cash flow budget and payment schedule at the construction industry enterprises will help the management team to control the incoming and outgoing cash flows, form the data base for making decisions on the efficient use of funds. It will also promote the search for additional funding sources of the enterprise activity in the period of budget deficit as well as pre-justified investment of capital in the period of budgetary surplus Thus, the formation of projected cash flow budgets and payment schedule can be an important instrument for efficient cash flow management of construction enterprises. The method of formation of mutually agreed forecast budget of cash flow and payment calendar with definition of indicators of their efficiency in management of cash flows and a financial condition of the enterprise as a whole needs further improvement. The technique of forming mutually agreed projected cash flow budget and payment schedule along with the definition of their efficiency indicators in managing cash flows and the overall enterprise financial state requires further improvement.

scholarly journals APPLIED RISK MANAGEMENT IN CONSTRUCTION INDUSTRY: A REVIEW

2020 ◽  
Vol 5 (3) ◽  
pp. 234-240
Author(s):  
Chaiwat Pooworakulchai
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Risk Analysis ◽  
Construction Industry ◽  
Master Planning ◽  
Construction Work ◽  
The Past ◽  
Risk Monitoring ◽  
Complex Manner

Risk management was applied to many organizations. There was a risk of multiple and complex manner in the construction industry, because it has a variety of elements. The application of risk management was therefore used in solving problems that suffer from the past to create an alternative to proper functioning under conditions. This article studied the main application to risk management in the construction industry by the sample texts document. The applying of risk management in the construction industry was 3 stages of risk management which were the risk analysis, risk assessment, risk control and follow-up, which was used to store information in the past and brainstorm by virtue of experience, expert tips and techniques to determine the risk analysis and risk evaluation of a mathematical methodology combined with the master planning of construction work to analyze, evaluate the risk under different condition and situations. Control, risk monitoring and risk assessment were a small amount so it should be a topic of research in future rely on notes and update the plan. The three important things for the applying of risk management in the construction industry were personnel, information and continuous learning.

scholarly journals SPECIFICS OF FORMATION AND EFFECTIVE USE OF CURRENT ASSETS IN CONSTRUCTION

2019 ◽  
Vol 45 (3) ◽  
pp. 231-240
Author(s):  
T. E. Chetin
Keyword(s):  
Construction Industry ◽  
Asset Management ◽  
Information Management System ◽  
Development Stage ◽  
Optimal Choice ◽  
Strategy Development ◽  
Construction Enterprise ◽  
Construction Enterprises ◽  
Managerial Decisions ◽  
Methodological Approaches

Objectives. This study is aimed at identifying the specifics of managing current assets in construction enterprises and developing a set of practical measures that can enhance the efficiency of their use.Method. In the course of the study, a system approach was taken, comparative and functional-cost analysis methods.Result. It is shownthatthe specifics of current assetformation in construction industry is to be taken into account when developing a conceptual basis for managinga construction enterprise. Methodological approaches to the estimation of current assets are described, the most effective of which facilitate the optimal choice of sources, forms and volume of attracting current assets into construction industry. A set of practical measures for organizing a system of current asset management in construction enterprises is proposed. These measures are expected to provide for the rational formation and use of all the constituent components of this system.Conclusion. The methodological approaches to the estimation of current assets, criteria for making managerial decisions, management strategy development stage sand methodological provisions for the organisation of the management of current assets presented in this papercan be used as a methodological basis for managing the working assets of a construction enterprise, thuscontributing to improved management efficiency and creating conditions for sustainable functionality. Every managerial decisionrelated to determining the level of financial assets, accounts receivable and inventories should be considered from the standpoint of both the profitability of these assets and the optimal structure of current assets, thus requiring respective management levers. The implementation of the basic requirements for the management of current assets necessitates the application of anti-risk expert-analytical procedures, including those related to the functioning of the corporate information management system.

scholarly journals Business Processes Outsourcing in Building Enterprises

2018 ◽  
Vol 7 (3.2) ◽  
pp. 59
Author(s):  
Iryna Chernysh ◽  
Alla Glebova ◽  
Oleh Maksymenko
Keyword(s):  
Construction Industry ◽  
Business Processes ◽  
Competitive Advantages ◽  
Construction Enterprise ◽  
Construction Company ◽  
Construction Enterprises ◽  
Significant Difference ◽  
Technical And Economic Indicators

The article explores the role and importance of outsourcing for managing business processes at enterprises of the construction industry. Since the main purpose of managing construction enterprises is to achieve high technical and economic indicators, compliance with the terms of construction of objects and their construction, ensuring an increase in profitability and profitability of operations in the long-term perspective. This is possible with the use of outsourcing, which, unlike subcontracting, is aimed at providing profitability by concentrating on the performance of priority activities for which the construction company has the highest level of competence. Also, outsourcing involves taking risks and responsibilities of an outsourcing company for the quality of running business processes. This is a significant difference from the subcontract works and allows forming the long-term competitive advantages of the construction enterprise.  

QUALITY MANAGEMENT IN A CONSTRUCTION COMPANY AS AN ELEMENT OF RISK MANAGEMENT SYSTEM

2020 ◽  
Vol 2 (8) ◽  
pp. 70-75
Author(s):  
M. V. RAKHOVA ◽  
◽  
I. I. SAVEL’EV ◽  
Keyword(s):  
Risk Management ◽  
Quality Assurance ◽  
Quality Management ◽  
Construction Industry ◽  
Point Of View ◽  
Management Systems ◽  
Construction Company ◽  
Construction Enterprises ◽  
Risk Management System

The main issues of quality management in the construction industry and their role in the company are highlighted in the article. The main subsystems of quality management are defined. The grouping of the most significant risks in construction from the point of view of quality assurance of documentary, personnel, material and technical support is conducted. The necessity of joint formation of quality management and risk management systems for the purpose of effective and long-term functioning of construction enterprises has been argued.

scholarly journals Exploitation of cloud computing in management of construction projects in Slovakia

2016 ◽  
Vol 8 (1) ◽  
pp. 1456-1463 ◽  
Author(s):  
Tomáš Mandičák ◽  
Peter Mesároš ◽  
Mária Kozlovská
Keyword(s):  
Cloud Computing ◽  
Project Management ◽  
Construction Industry ◽  
Construction Projects ◽  
Construction Project ◽  
Software As A Service ◽  
Construction Project Management ◽  
It Services ◽  
Construction Enterprise ◽  
Construction Enterprises

Abstract The issue of cloud computing is a highly topical issue. Cloud computing represents a new model for information technology (IT) services based on the exploitation of Web (it represents a cloud) and other application platforms, as well as software as a service. In general, the exploitation of cloud computing in construction project management has several advantages, as demonstrated by several research reports. Currently, research quantifying the exploitation of cloud computing in the Slovak construction industry has not yet been carried out. The article discusses the issue of exploitation of cloud computing in construction project management in Slovakia. The main objective of the research is to confirm whether factors such as size of construction enterprise, owner of construction enterprise and participant of construction project have any impact on the exploitation level of cloud computing in construction project management. It includes confirmation of differences in use between different participants of the construction project or between construction enterprises broken down by size and shareholders.

scholarly journals Model for Identifying the Risk Level in Construction Projects

2019 ◽  
Vol 8 (3) ◽  
pp. 1343-1350
Keyword(s):  
Risk Management ◽  
Construction Industry ◽  
Survey Data ◽  
Risk Score ◽  
Construction Projects ◽  
Index Score ◽  
Management Model ◽  
Risk Level ◽  
Project Objectives ◽  
Industry Professionals

Risk is unexpected or unwanted happening of an event or activity. Risk management aims to identify unexpected happenings in the business or project, so that some decision can be taken to prevent further problems to the business or projects. Risk is categorized based on the influence of the key project objectives and sustaining the environment. Managing the risks successfully in the project leads to achieving the project objectives very quickly. To list out the project objectives, minimizing the risks and enhancing the priorities through questionnaire in the construction industry is planned through this research paper. Significance index score is obtained for each prioritized risk is used for developing a risk management model (RMM). With the help of survey data gathered from construction Industry professionals, risk score (RC) is determined and proposed a remedy for the same to an agreed level to reduce further risk in the projects.

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