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 .

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 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 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.

Three-Dimensional Complex Construction Project Management Maturity Model: Case Study of 2010 Shanghai Expo

2012 ◽  
Vol 209-211 ◽  
pp. 1363-1369 ◽  
Author(s):  
Wen Fa Hu ◽  
Da Wei Li ◽  
Rong Hu
Keyword(s):  
Project Management ◽  
Construction Projects ◽  
Construction Project ◽  
Three Dimensional ◽  
Maturity Model ◽  
Construction Project Management ◽  
Model Case ◽  
Project Management Office ◽  
System Maturity ◽  
Complex Construction

The increasing complexity of construction projects as a common trend has had a significant impact on management maturity assessment and improvement for the project participating units, especially for the owners’ Project Management Office (PMO). While most maturity models are rationalistic, this paper presents a practical complex construction project management maturity model based on project management three-dimensional perspective. Integrating Organizational Project Management Maturity Model (OPM3) and Best Practices (BPs) derived from 2010 Shanghai Expo practice, this case-based maturity model is constituted by three sub-models: PBS Maturity, Process Maturity and Organization System Maturity. The model uses structured questionnaire consisting of BPs to implement assessment. The proportion of BPs achieved is considered as the maturity level of assessment objectives. Shanghai Expo AB Area is used to test the validity of the model. The result shows that owners’ PMO can assess and improve their project management maturity with the model effectively.

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.

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.

scholarly journals EXPLORING THE USAGE OF DIGITAL TECHNOLOGIES FOR CONSTRUCTION PROJECT MANAGEMENT

2021 ◽  
Vol 19 (17) ◽  
Author(s):  
Yew-Hou Tung ◽  
Fah-Choy Chia ◽  
Felicia Yan-Yan Yong
Keyword(s):  
Project Management ◽  
Pilot Study ◽  
Real Estate ◽  
Construction Industry ◽  
Construction Projects ◽  
Online Survey ◽  
Construction Project ◽  
Digital Technologies ◽  
Primary Objective ◽  
Construction Project Management

Digital technologies have recently started to enter the construction industry, gradually changing how infrastructure, real estate and other built assets are designed, constructed, operated and maintained. Being among the least digitalized sectors, it is predicted that digital technologies will substantially increase the productivity, decrease the costs, and improve site safety of construction projects. Thus, the primary objective of this pilot study is to explore the usage of digital technologies for the 12 components of construction project management. A total of 32 respondents participated in the online survey. The results indicate that the usage of digital technologies was significantly higher in the management of scheduling, documenting, designing, and assigning costs. The aspects for digitalized safety, stakeholders, equipment, and materials are room for further improvement.

scholarly journals Project Benefits of Digital Fabrication in Irregular-Shaped Buildings

2019 ◽  
Vol 2019 ◽  
pp. 1-14 ◽  
Author(s):  
Namhyuk Ham ◽  
Sanghyo Lee
Keyword(s):  
Project Management ◽  
Construction Projects ◽  
Construction Project ◽  
Secondary Data ◽  
Digital Fabrication ◽  
Construction Project Management ◽  
Management Quality ◽  
Success Criteria ◽  
Degree Of Satisfaction ◽  
And Control

The main purpose of this study is to investigate the advantages of digital fabrication pertaining to construction project management, in particular, in terms of different project management factors, using case studies of irregular-shaped buildings in which digital fabrication has versatile applications. This study collected secondary data corresponding to 27 construction projects of irregular-shaped buildings that implemented digital fabrication. Success criteria were developed based on the Project Management Body of Knowledge (PMBOK) to assess the benefits of implementing digital fabrication for management of the considered construction projects of irregular-shaped buildings. Content analysis was performed to investigate the degree of satisfaction for the success criteria of each project. With this approach, it is possible to see which success criterion appears more times as a positive factor and which ones appear as challenges or problems. Among the positive benefits of digital fabrication on construction project management, quality increase and control appeared in the highest number of projects (17 out of 27 projects) at the highest frequency (26 instances). However, among the negative benefits that were mentioned as challenging or causing difficulties of digital fabrication on construction project management, cost reduction and control appeared in the highest number of projects (14 out of 27 projects) at the highest frequency (21 instances). But it does not mean that the use of digital fabrication was overall negative.

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