scholarly journals RISK MANAGEMENT IN PROJECTS: PECULIARITIES OF LITHUANIAN CONSTRUCTION COMPANIES / RIZIKOS VALDYMAS PROJEKTUOSE: LIETUVOS STATYBOS ĮMONIŲ SAVITUMAI

2011 ◽  
Vol 15 (1) ◽  
pp. 60-73 ◽  
Author(s):  
Nerija Banaitienė ◽  
Audrius Banaitis ◽  
Artūras Norkus
Keyword(s):  
Risk Management ◽  
Project Management ◽  
Construction Projects ◽  
Construction Project ◽  
Critical Factor ◽  
Construction Project Management ◽  
Construction Companies ◽  
Use Of Resources ◽  
Risk Management Process ◽  
Negative Impacts

Risk analysis and management is nowadays a critical factor to successful construction project management, as construction projects tend to be more complex, dynamic, always unique, and competition increasingly tougher. risk management helps the project participants—client, contractor or developer, consultant, and supplier—to meet their commitments and minimize negative impacts on construction project scope, cost, schedule (and quality, as a Result). The benefits of the risk management process include identifying and analyzing risks, and improvement of construction project management processes and effective use of resources. This paper reports the research that aims to discover how construction companies perceive the significance of the construction projects risks they face and the extent to which they employ potential risk responses. Santrauka Šiandien rizikos analizė ir valdymas yra svarbūs sėkmingam statybos projektų valdymui, nes statybos projektai tampa vis sudėtingesni, dinamiškesni, visada unikalūs, o konkurencija tarp statybos bendrovių taip pat didėja. Rizikos valdymas padeda projekto dalyviams—užsakovui, plėtotojui, rangovui, konsultantui ir tiekėjui—vykdyti savo įsipareigojimus ir sumažinti neigiamą taką statybos projekto apimčiai, išlaidoms, tvarkaraščiui ir kokybei kaip rezultatui. Rizikos valdymo proceso metu sistemingai nustatomi, analizuojami ir reaguojama į potencialius rizikos veiksnius, todėl statybos projektai valdomi efektyviau, veiksmingai naudojami ištekliai. Šiame straipsnyje trumpai pristatomas tyrimas, kuriuo siekiama sužinoti, kaip statybos bendrovės suvokia statybos projektų rizikos veiksnius, su kuriais jiems tenka susidurti, ir kokią reagavimo strategiją ir atsakomuosius veiksmus jos renkasi.

scholarly journals Risk management in construction projects in Somalia

2021 ◽  
Vol 2 (2) ◽  
pp. 38-41
Author(s):  
Abdirahman Jibril ◽  
Belal A. Shaban
Keyword(s):  
Risk Management ◽  
Project Management ◽  
Construction Projects ◽  
Risk Tolerance ◽  
Construction Companies ◽  
Use Of Resources ◽  
Foreign Countries ◽  
Project Risks ◽  
Negative Impacts ◽  
Building Project

These days, risk management and analysis are serious issues in the effective management of construction projects, because construction projects are likely to be very dynamic, productive, diverse and increasingly competitive. Risk management helps project parties such as clients, contractors and vendors/suppliers to meet their obligations to reduce negative impacts on their works. The outcomes of the risk management method include the analysis and detection of risks, the creation of building project management systems and the efficient use of resources. The aim of this article is to find out how the Somalian construction companies see the value of construction project risks and how to manage it by dispatching a questionnaire. The total questions of the questionnaire are seventeen questions and were distributed by various participants such as clients, contractors and designers. The findings show that in the implementation of risk management techniques, the Somalian construction industry varies greatly from building companies in foreign countries. The contractor needs to consider risk obligations, dynamics of risk incidents, risk tolerance and risk control skills to handle the risks effectively and efficiently. Due to the insufficiency of experience in the attitude of Somalian entrepreneurs towards risk management is very hard to change. However, as a component of their project management, the construction companies must include risk analysis in projects. The application of risk management in Somalian construction companies is small to moderate, with little difference between organizations' types, sizes and risk tolerances and individual respondents' experience.

Fuzzy Analytic Hierarchy in Project Risk Management - New Stadium Construction Project in Weifang City

2011 ◽  
Vol 243-249 ◽  
pp. 6362-6368
Author(s):  
Yan Zhang ◽  
Chang Jiang Liu
Keyword(s):  
Risk Management ◽  
Project Management ◽  
Construction Projects ◽  
Large Scale ◽  
Construction Project ◽  
Construction Project Management ◽  
Analytic Hierarchy ◽  
Project Risk ◽  
Management Case Study

In the field of engineering and construction, unqualified construction quality, time delays, cost more than expected phenomena to occur. Because of these characteristics such as its large-scale construction projects, long cycle, the production of single and complex, there is greater risk than the production of general products, the risk increases the difficulty of construction project management, operating costs and the possibility of potential losses, therefore, risk management emerged and become an increasingly important integral part of project management. In this paper, fuzzy analytic hierarchy be used to construction project risk assessment, and to order the sort of each risk in order to prevent significant risks. On an actual project - the new stadium construction in Weifang City risk management case study, the reduction of risk of project failure is expected, but also the project is hoped for other industries to provide some reference for risk management.

scholarly journals RISK MANAGEMENT IN CONSTRUCTION PROJECT MANAGEMENT

2006 ◽  
Vol 7 (2) ◽  
pp. 77-83 ◽  
Author(s):  
Martin Schieg
Keyword(s):  
Risk Management ◽  
Project Management ◽  
Real Estate ◽  
Construction Projects ◽  
Project Managers ◽  
Management Process ◽  
Construction Project Management ◽  
Highly Qualified ◽  
Risk Management System ◽  
Risk Management Process

By adopting risk management, savings potentials can be realized in construction projects. For this reason, for project managers as well as real estate developers, a consideration of the risk management process is worthwhile. The risk management process comprises 6 process steps, which will be discussed in greater detail below. The integration of a risk management system in construction projects must be oriented to the progress of the project and permeate all areas, functions and processes of the project. In this, particular importance is attached to the risks in the personnel area, for, particularly for enterprises providing highly qualified services, specialized employees are essential for market success.

scholarly journals Risk Management Analysis of Follow-up Audit in the Construction Stage of Construction Projects

2021 ◽  
Vol 2 (2) ◽  
Author(s):  
Yongjun Luo
Keyword(s):  
Risk Factors ◽  
Risk Management ◽  
Project Management ◽  
Construction Industry ◽  
Construction Projects ◽  
Construction Project ◽  
Construction Project Management ◽  
Construction Process ◽  
Construction Stage

The construction project serves as one of the most important projects in the construction industry. The high cost and the particularity in the implementation generate high risks in the investment and construction process. Over the years, the development of construction project management methods has promoted the management of risk factors. This paper reviews the suggestions of risk management of follow-up audit in construction stage and evaluates its application in construction projects.

Risk Management in Oil Refinery Construction Projects

2013 ◽  
Vol 411-414 ◽  
pp. 2313-2316 ◽  
Author(s):  
Alexander Ginzburg ◽  
Alexey Khripushin
Keyword(s):  
Risk Management ◽  
Organizational Change ◽  
Project Management ◽  
Comparative Analysis ◽  
Construction Projects ◽  
Construction Project ◽  
Oil Refinery ◽  
Construction Project Management ◽  
Project Management Office ◽  
Excessive Number

This paper describes the principles of risk management during organizational change at the oil refinery with the use of comparative analysis. Authors demonstrate the effectiveness of risk management of insufficient / excessive number of staff in the construction Project Management Office .

scholarly journals Pythagorean 2-Tuple Linguistic VIKOR Method for Evaluating Human Factors in Construction Project Management

Mathematics ◽  
2019 ◽  
Vol 7 (12) ◽  
pp. 1149 ◽  
Author(s):  
Tingting He ◽  
Guiwu Wei ◽  
Jianping Lu ◽  
Cun Wei ◽  
Rui Lin
Keyword(s):  
Project Management ◽  
Human Factors ◽  
Construction Projects ◽  
Safety Management ◽  
Construction Project ◽  
Construction Project Management ◽  
Vikor Method ◽  
Multiple Attribute ◽  
Todim Method ◽  
Reform And Opening Up

Since the reform and opening up, Chinese economic and social development has undergone great changes, and the people’s living standards have improved markedly. For the national economy, the engineering construction is not only a carrier for specific economic tasks, but also a driving force for rapid and sustained economic development. With the continuous expansion of the scale of construction projects, safety management problems of construction projects are constantly exposed. How to effectively avoid accidents has become an important issue to be solved urgently in the construction industry. This paper mainly evaluates human factors in the process of construction project management, such as workers’ proficiency, workers’ safety awareness, technical workers’ quality, and workers’ emergency capacity, with the purpose of helping China’s construction projects proceed smoothly. In this research, we provide a multiple attribute group decision-making (MAGDM) technique based on Pythagorean 2-tuple linguistic numbers (P2TLNs) and the VIseKriterijumska Optimizacija I KOmpromisno Resenje (VIKOR) method for evaluating the human factors of construction projects. P2TLNs are used to represent the performance assessments of decision makers. Relying on a P2TLWA operator, P2TLWG operator, and the essential VIKOR method, a general framework is established. An application is presented to test the validity of the new method, and a comparative analysis with two algorithms and the P2TL-TODIM method is illustrated with detail.

Determining Contingencies in the Management of Construction Projects

2019 ◽  
Vol 50 (2) ◽  
pp. 226-242 ◽  
Author(s):  
José I. Ortiz ◽  
Eugenio Pellicer ◽  
Keith R. Molenaar
Keyword(s):  
Project Management ◽  
External Validity ◽  
Construction Projects ◽  
Construction Project ◽  
Construction Project Management ◽  
Depth Analysis ◽  
Different Types ◽  
General Contractors ◽  
Project Objectives

This research describes the managerial approaches that contractors follow to determine different types of contingencies in construction project management. Two large Spanish general contractors were selected for an in-depth analysis. Interviews and surveys were conducted with six additional companies to explore the external validity of the findings. Managers constrain time and cost buffers through project objectives, applying heuristics to determine inventory buffers. The management of capacity buffers is entrusted to subcontractors. The contractors take advantage of scope and quality buffers to meet project objectives but rarely share these buffers with the owner, unless the owner is an internal client.

Actual Trends in Construction Project Management in Romania

2017 ◽  
Vol 21 ◽  
pp. 587-595 ◽  
Author(s):  
Ion Șerbanoiu ◽  
Marina Verdeș ◽  
Adrian Alexandru Şerbănoiu ◽  
Bogdan Vasile Șerbanoiu ◽  
Mihaela Munteanu
Keyword(s):  
Project Management ◽  
Construction Industry ◽  
Construction Projects ◽  
Code Of Ethics ◽  
Construction Project ◽  
Construction Project Management ◽  
Professional Conduct ◽  
Current Trends ◽  
Professional Project ◽  
Tools And Techniques

The current trends in the construction industry, considering the magnitude and complexity of construction projects required the development of an appropriate methodology in the design, commissioning work and completion of works. The objective imposed creation of the "Office of Project Management" and all processes, tools and techniques of project management respects besides applicable standards and legislation construction, also imposed code of ethics and professional conduct of the PMI that guides practitioners professional project management, construction engineers, installers, architects etc. and describes the expectations that they have of themselves and of others.

Impact of Engineering Software on Construction Project Management in Bahrain

2014 ◽  
Vol 501-504 ◽  
pp. 2614-2618
Author(s):  
Samer Abdulla Aqlan
Keyword(s):  
Project Management ◽  
Positive Impact ◽  
Construction Project ◽  
Project Planning ◽  
Construction Project Management ◽  
Construction Companies ◽  
Engineering Software ◽  
The Impact ◽  
E Mail ◽  
Self Administered Questionnaire

The main goal of this research is to ensure the important of engineering software in the construction industry in Kingdome of Bahrain. A self-administered questionnaire was done via E mail .The research investigated the impact of engineering software toward three factors of the success project scope, cost, and time. The results show that there is positive impact when we are using engineering software on construction project management. The primavera project manager software is the major software is using in construction companies for planning and controls the project; primavera project planning p3 is the second software and the third software is MS project. The research concluded that the engineering software positively impact on project success and increase its performance.

Study on Management Control Auditing on Construction Project

2011 ◽  
Vol 217-218 ◽  
pp. 262-267
Author(s):  
Xiao Yan Wang ◽  
Shao Yan Fan
Keyword(s):  
Performance Evaluation ◽  
Project Management ◽  
Construction Projects ◽  
Construction Project ◽  
Management Development ◽  
Management Control ◽  
Construction Project Management ◽  
Project Investment ◽  
Performance Levels ◽  
Forward Performance

Management and auditing of construction project, which is a certain trend of management development of modern construction project, is a new theory in audit practicing of construction project and an effective way to work out at the highest degree the returns on construction project investment, improve construction project management performance levels, avoid at the highest degree redundancy of construction projects and eliminate waste of resources. This essay points out the importance of the use of management auditing in construction projects based on the analysis of disadvantages in conventional construction projects management. And it builds up frame for management auditing of construction projects, puts forward performance evaluation methods of management control auditing.

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