The Research of International EPC Project Risk Factors - A Case Study of Congo (Brazzaville), State Highway 1

2013 ◽  
Vol 438-439 ◽  
pp. 1958-1963
Author(s):  
Wan Cai Xu ◽  
Zhou Ya Wang ◽  
Cheng Shen ◽  
Xiao Dong Li
Keyword(s):  
Risk Factors ◽  
Risk Management ◽  
Project Risk Management ◽  
Project Risk ◽  
Construction Enterprises ◽  
State Highway ◽  
Theoretical Application ◽  
Congo Brazzaville ◽  
The Impact

This research focuses on the risk management of the international EPC project of Congo (Brazzaville) State Highway 1. By grading the importance and the probability of risk factors occurring, the impact of risk factors can be found and the corresponding measures can be come up with. It provides reference to the similar international EPC project risk management, and promote the competence of Chinese construction enterprises in risk management and theoretical application.

Amadubi Rural Tourism Project in Jharkhand: Development of Project Risk Management (B)

2015 ◽  
pp. 1-15
Author(s):  
Goutam Dutta
Keyword(s):  
Risk Management ◽  
Critical Path ◽  
Rural Tourism ◽  
Project Risk Management ◽  
Project Risk ◽  
Network Diagram ◽  
Likelihood Rating ◽  
Risk Sources ◽  
The Impact

This case should be taught after (A) case. This case study discusses how the stakeholders of the (A) can sit together can discuss prepare first the activities of the project, draw the network diagram, develop a critical path. The discussion further proceeds when these stakeholders through the discussion develop risk sources, assigns probabilities and computes the impact and likelihood rating.

Amadubi Rural Tourism Project in Jharkhand: Development of Project Risk Management (A)

2015 ◽  
pp. 1-13
Author(s):  
Goutam Dutta ◽  
Sumitro Santra
Keyword(s):  
Risk Management ◽  
Rural Tourism ◽  
Government Agencies ◽  
Project Risk Management ◽  
Project Risk ◽  
Role Of Government ◽  
Funded Project ◽  
Management Issues

Rural Tourism is an important feature in development of emerging states in India. This case study, an UNDP funded project with ministry of Tourism, GOI, focuses the problem faced by a NGO in developing a rural tourism in Jharkhand in India for a decade. The management issues are feasibility and financial viability, lack of project and infrastructure planning, role of government agencies. The case stresses need of project risk management in this type of private partner partnership

Consistent Application of Risk Management for Selection of Engineering Design Options in Mega-Projects

2012 ◽  
Vol 1 (4) ◽  
pp. 44-55 ◽  
Author(s):  
Yuri Raydugin
Keyword(s):  
Risk Management ◽  
Engineering Design ◽  
Project Risk Management ◽  
Project Risk ◽  
Engineering Change ◽  
Engineering Change Management ◽  
Project Risks ◽  
Design Options ◽  
Selection Of

Traditional application of project risk management is limited to identifying and addressing project risks and then developing cost along with schedule contingencies. This paper proposes a method to consistently utilize the project risk management methods during Front End Engineering Design (FEED) phase of project development to select engineering design options. This method was called for recently to make several key engineering design decisions in a mega-project (case study). It allows significantly accelerate decision making and successfully manage various types of bias through leveraging the structure and visualization it provides. The proposed method is also applicable for engineering change management in any phase including operations.

Integrating Sustainability Into Project Risk Management

2018 ◽  
pp. 330-352 ◽  
Author(s):  
Gilbert Silvius
Keyword(s):  
Risk Management ◽  
Business Environment ◽  
Rational Approach ◽  
Project Risk Management ◽  
Project Risk ◽  
Social Perspectives ◽  
Full Life Cycle ◽  
Number Of Publications ◽  
Social Communicative ◽  
The Impact

One of the developments that changed today's business environment is the increased concern about the sustainability, or unsustainability, of our society. Silvius and Schipper (2014) identify a growing number of publications that study the impact of sustainability on project management. One of the ‘impact areas' they identify is the identification and management of risk in the project. This chapter discusses the main concepts of sustainability and their implications for project risk management. The main findings are that the integration of the concepts of sustainability imply (1) A broader identification and considering of risks, expanding the orientation on risks to include also environmental and social perspectives and to consider the full life-cycle of the project's deliverable, impact and resources. (2) Inclusion of (potential) stakeholders in a transparent process of project risk management. And (3) Adopting a social, communicative, approach to risk management, as opposed to the calculating, rational approach.

Integrating Sustainability into Project Risk Management

2016 ◽  
pp. 23-44 ◽  
Author(s):  
Gilbert Silvius
Keyword(s):  
Risk Management ◽  
Business Environment ◽  
Rational Approach ◽  
Project Risk Management ◽  
Project Risk ◽  
Social Perspectives ◽  
Full Life Cycle ◽  
Number Of Publications ◽  
Social Communicative ◽  
The Impact

One of the developments that changed today's business environment is the increased concern about the sustainability, or unsustainability, of our society. Silvius and Schipper (2014) identify a growing number of publications that study the impact of sustainability on project management. One of the ‘impact areas' they identify is the identification and management of risk in the project. This chapter discusses the main concepts of sustainability and their implications for project risk management. The main findings are that the integration of the concepts of sustainability imply (1) A broader identification and considering of risks, expanding the orientation on risks to include also environmental and social perspectives and to consider the full life-cycle of the project's deliverable, impact and resources. (2) Inclusion of (potential) stakeholders in a transparent process of project risk management. And (3) Adopting a social, communicative, approach to risk management, as opposed to the calculating, rational approach.

scholarly journals The impact of project risk management maturity on performance: Complexity as a moderating variable

2019 ◽  
Vol 11 ◽  
pp. 184797901985550 ◽  
Author(s):  
Budi Hartono ◽  
Deo F Wijaya ◽  
Hilya M Arini
Keyword(s):  
Risk Management ◽  
Organizational Performance ◽  
Empirical Support ◽  
Project Risk Management ◽  
Extensive Literature ◽  
Cross Sectional ◽  
Project Risk ◽  
Project Complexity ◽  
Moderation Model ◽  
The Impact

This study examines the utility of project risk management maturity (PRMM) for project-based organizations across different domains. The relationship between organization-level PRMM and firm’s performance is studied. Two alternatives of theoretical model are developed on the basis of an extensive literature review. The first model (i.e. traditional model) posits a direct positive relationship between PRMM and organizational performance. The second model suggests that the relation between the two key variables is positively moderated by the average level of “complexity” of projects which are typically performed by respective organizations. A cross-sectional, self-administrated survey is carried out with targeted respondents of senior members representing their respective organizations in construction, ICT, and telco industries in Indonesia (distributed = 651, response rate = 21.5%, final sample size = 100). The result suggests that, in general, the utility of PRMM is observable across organizations—but its efficacy diminishes for organizations with lower level of “project complexity.” This study provides an empirical support to the moderation model. The finding contributes to theoretical refinement on studies pertinent to project risk maturity. From a practical perspective, the result highlights the importance of contextual variables (in this case, project complexity) when designing organizational maturity.

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