Analysis of Risk and Reliability in Project Delivery Methods

2013 ◽  
Vol 4 (3) ◽  
pp. 54-65 ◽  
Author(s):  
Robert Schultz ◽  
Ahmad Sarfaraz ◽  
Kouroush Jenab
Keyword(s):  
Construction Projects ◽  
Financial Risk ◽  
Fuzzy Ahp ◽  
Project Delivery ◽  
Delivery Methods ◽  
Project Delivery Methods ◽  
Early Design Stages ◽  
Improve Reliability ◽  
Selection Of

Risk and reliability are two main factors that must be studied in order to measure the successful rate of a project. As a result, innovative project delivery methods have been proposed to mitigate the risk and improve reliability of a project. The intent of this study is to compare the use of the Analytical Hierarchical Process (AHP) and fuzzy AHP for decisions surrounding the early stages of construction projects based on risk and reliability measures. Financial risk is especially high during the early design stages of a project due to the unknown obstacles that will follow. The case study uses the selection of a project delivery method as an example, and provides a sample project to highlight the project-specific variability of the multi-criteria decision analysis.

Analysis of Risk and Reliability in Project Delivery Methods

2015 ◽  
pp. 612-622
Author(s):  
Robert Schultz ◽  
Ahmad Sarfaraz ◽  
Kouroush Jenab
Keyword(s):  
Construction Projects ◽  
Financial Risk ◽  
Fuzzy Ahp ◽  
Project Delivery ◽  
Delivery Methods ◽  
Project Delivery Methods ◽  
Early Design Stages ◽  
Main Factors ◽  
Improve Reliability

Risk and reliability are two main factors that must be studied in order to measure the successful rate of a project. As a result, innovative project delivery methods have been proposed to mitigate the risk and improve reliability of a project. The intent of this study is to compare the use of the Analytical Hierarchical Process (AHP) and fuzzy AHP for decisions surrounding the early stages of construction projects based on risk and reliability measures. Financial risk is especially high during the early design stages of a project due to the unknown obstacles that will follow. The case study uses the selection of a project delivery method as an example, and provides a sample project to highlight the project-specific variability of the multi-criteria decision analysis.

scholarly journals Project Delivery Methods in Large Public Road Projects – A Case Study of E6 Jaktøyen - Sentervegen

2017 ◽  
Vol 196 ◽  
pp. 391-398 ◽  
Author(s):  
Anders Haugen ◽  
Paulos Abebe Wondimu ◽  
Jardar Lohne ◽  
Ola Lædre
Keyword(s):  
Project Delivery ◽  
Delivery Methods ◽  
Public Road ◽  
Project Delivery Methods ◽  
Road Projects

Military construction projects: comparison of project delivery methods

2011 ◽  
Vol 9 (3) ◽  
pp. 157-169 ◽  
Author(s):  
Darren McWhirt ◽  
Junyong Ahn ◽  
Jennifer S. Shane ◽  
Kelly C. Strong
Keyword(s):  
Construction Projects ◽  
Project Delivery ◽  
Delivery Methods ◽  
Project Delivery Methods ◽  
Military Construction

ANALYSIS OF IMPEDIMENTS TO A SUCCESSFUL CONSTRUCTABILITY PROCESS IN HIGHWAY CONSTRUCTION

2019 ◽  
Vol 6 (1) ◽  
Author(s):  
R. Edward Minchin ◽  
Reihaneh Samsami ◽  
Dan Tran ◽  
Dan D’Angelo ◽  
Sidney Scott ◽  
...  
Keyword(s):  
Construction Projects ◽  
Cost Savings ◽  
Project Delivery ◽  
Delivery Methods ◽  
Contract Duration ◽  
Federal Highway ◽  
Project Delivery Methods ◽  
The Us ◽  
Us Government ◽  
Permitting Process

The US Federal Highway Administration (FHWA) Every Day Counts Program (EDC) has resulted in state Departments of Transportation (DOTs) putting evermore emphasis on speeding up the delivery of highway and bridge construction projects for use by the driving public. This has resulted in an increase in the use of integrated project delivery methods and adding alternative technical concepts (ATCs) to traditional design-bid-build (DBB) contracts. ATCs have exhibited great potential for delivering substantial benefits like cost savings, increased constructability, and quicker project delivery. Previous research has found that knowledge of project constructability was lacking in state DOT planning, programming, and environmental staffs. At the same time, the permitting process for several government agencies has become increasingly restrictive. The intent of this paper is to report on the research team's progress in an ongoing effort to furnish the US government with a uniform set of guidelines for the application of the constructability process during all phases of project development and delivery. The research uses surveys, focus groups and interviews to determine which states have implemented formal programs to ensure that the constructor is furnished with a set of contract documents that affords said constructor with the best possible opportunity to successfully construct the project with the highest quality standards, within the contract duration and without exceeding the construction budget.

scholarly journals Focusing on Best Value from a Source Selection Perspective

2012 ◽  
Vol 4 (1) ◽  
pp. 21-34 ◽  
Author(s):  
Ekambaram Palaneewaran ◽  
Mohan Kumaraswamy ◽  
Xue Quing Zhang
Keyword(s):  
Construction Projects ◽  
Delivery Methods ◽  
Missed Opportunities ◽  
Source Selection ◽  
Best Value ◽  
Project Delivery Methods ◽  
Complex Decision Making ◽  
Complex Decision ◽  
The Right ◽  
Selection Of

The emerging focus on "best value" in construction projects entails several crucial and complex decision-making tasks for appropriate selection of capable contractors and consultants. In many ways and thus could be correspondingly achieved at different levels. Although traditional "price based" selection approaches are still preferred on various grounds such as simplicity and/or public accountability, they may well result in some "false economy" or missed opportunities for producing a better value. Furthermore, the lower significance of price as compared to the higher risk transference in project delivery methods such as Design-Build and Build-Operate-Transfer type arrangements render the purely "price based" approaches even less useful. Therefore a structured value focused selection approach is considered as beneficial for meeting the client's goals and projct-specific needs. This paper presents discussions on some useful approaches to best value conceptualizations in "Source selection" perspectives, e.g. starting with the "right" selection of competent constructors in Design-Bid-Build type projects. Furthermore, a conceptualized basic framework for best value selection is also presented.

scholarly journals Identifying Innovative Reliable Criteria Governing the Selection of Infrastructures Construction Project Delivery Systems

2021 ◽  
Vol 11 (1) ◽  
pp. 269-280
Author(s):  
Ahmed Nouh Meshref ◽  
E.A. Elkasaby ◽  
Omnia Wageh
Keyword(s):  
Construction Projects ◽  
Construction Project ◽  
Delivery Systems ◽  
Project Delivery ◽  
Great Success ◽  
Delivery Methods ◽  
The Cost ◽  
Management Staff ◽  
Aid Decision ◽  
Selection Of

Abstract No doubt that the most vital issues to achieve a great success project are the choice of best suitable project delivery methods. According to the experience of project management staff, the delivery of the project is chosen. However, that leads to similar repetitive issues, for example, exceeding the cost of the project and exceeding the project's schedule, and that's what many projects face. It is difficult to develop the management of the recurring issues of the project because there is no awareness of delivery methods. The efficiency of project implementation is greatly affected by selecting the appropriate delivery method. Fuzzy data at early stages of construction projects leads to the fuzzy decision of selection a suitable type to deliver the project contract. In this study, the main purpose was to determine the comprehensive criteria that significantly influence the selection of infrastructures construction project delivery systems. These criteria will aid decision making process more comprehensive and effective innovation tool to choose the reliable Infrastructures Project Delivery System.

Sign in / Sign up

Export Citation Format

Share Document