Risk Management of Building Engineering Based on SVM

2012 ◽  
Vol 529 ◽  
pp. 347-351
Author(s):  
Qing Jie Liu ◽  
Qi Li Su
Keyword(s):  
Risk Management ◽  
Construction Industry ◽  
Rapid Development ◽  
Construction Project ◽  
Construction Process ◽  
Construction Time ◽  
Project Risk ◽  
Project Participants ◽  
Building Engineering ◽  
Large Investment

As the rapid development of China’s national economy, China’s construction industry shows a rapid growth. Because construct project has the feature of large investment and long construction time, there are many unforeseen factors in the construction process. The project participants may face many risks. This paper firstly analyses risk factors of construction project, secondly describes the mathematical models—SVM, and then on the basis of the method builds the model of construction project risk prediction. Lastly it uses example to prove the feasibility of the model, and it also provides an effective method for the construction project risk management.

Research on Risk Sharing Mode of the Construction Project Based on Systems Theory

2011 ◽  
Vol 99-100 ◽  
pp. 233-237 ◽  
Author(s):  
Yun Peng Hu
Keyword(s):  
Risk Management ◽  
Risk Sharing ◽  
Construction Project ◽  
Three Dimensional ◽  
Vital Role ◽  
Space Structure ◽  
Project Risk Management ◽  
Three Dimension ◽  
Project Risk ◽  
Project Participants

The construction contracts are the important basis of the project risk management and a reasonable contract system can effectively share engineering risks among various project participants. However, the current situation of risk management in China is not optimistic. Based on the analysis of the existing problems in the risk sharing management, the paper introduces Hall three dimension structure into the engineering fields and establishes a three-dimensional (contract dimension, procedure dimension and logic dimension) space structure of the construction project to elaborate the vital role of the contracts in the project risk management. Finally, the paper attempts to put forward a risk sharing mode centered on contract systems to make a reasonable and effective risk distribution among various project participants

In the Engineering Project of Legal Risk Control

2014 ◽  
Vol 1044-1045 ◽  
pp. 1760-1763
Author(s):  
Jin Ping Liu
Keyword(s):  
Risk Management ◽  
Rapid Development ◽  
Construction Project ◽  
Developed Countries ◽  
International Standards ◽  
Project Risk Management ◽  
Engineering Project ◽  
Project Risk ◽  
Market Economy System ◽  
Capital Construction

The importance and urgency of construction engineering project risk management is in the process of China's construction industry in line with international standards gradually emerge. Construction project risk management is to determine the needs of the market economy system. With the rapid development of modern industry and modern science and technology, both in developed countries and developing spend a lot of money on basic construction. Therefore engineering construction project has the characteristics of risk big uncertainty, risk, etc. So we should strengthen the construction of the project risk management, is conducive to capital construction and development of the national economy in our country. This article focus on the legal risks in the process of project bidding for the prevention and control.

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.

BIM-Risk System for Chinese International Contractors

2015 ◽  
Vol 719-720 ◽  
pp. 181-186
Author(s):  
Ya Ting Li
Keyword(s):  
Risk Management ◽  
Project Management ◽  
Construction Industry ◽  
Cost Management ◽  
External Environment ◽  
Project Risk ◽  
Building Information Model ◽  
International Construction ◽  
Potential Problems ◽  
Building Information

As the external environment of the international construction project has become increasingly complex, risk management is emphasized in the project management. BIM(Building Information Model) has bring change to the Construction Industry in China. It has contributed to the schedule and cost management. However, BIM is not widely used to solve the problem of risk management. This thesis cites the possibility about BIM application to risk management and evaluates the progress it may bring to the process of risk management. Furthermore, a BIM-Risk System is proposed for Chinese international contractors to solve some major risks the international contractors may face. By using this system, the level of the project risk management will significantly improve. Then the barriers and the potential problems of applying BIM to risk management in China are analyzed. The BIM application to risk management has great value to be further researched.

scholarly journals Construction safety performance assessment on construction site through frequency adjusted importance index in Tangerang Selatan

2019 ◽  
Vol 276 ◽  
pp. 02021
Author(s):  
Ferdinand Fassa ◽  
Irma Paramita Sofia
Keyword(s):  
Construction Industry ◽  
Safety Issue ◽  
Rapid Development ◽  
Construction Project ◽  
Safety Training ◽  
Construction Site ◽  
Construction Work ◽  
Importance Index ◽  
The Subject ◽  
Project Site

The construction industry has a huge contribution to economic growth in the world, including Indonesia. Massive urban development occurs as a result of significant population growth. Along with the rapid development, safety issue in the construction site is often neglected. In 2017, there were found that more than 123 thousand cases of construction site accidents have happened. This numbers has increased by almost 20% compared with the number of accidents in 2016. The purpose of this study is to identify significant safety indicators affecting the construction project in Tangerang Selatan. Based on the literature review, a list of 22 safety indicators was produced. These indicators were used in the questionnaire. The main contribution of this paper is providing safety indicators ranking that affects construction work around Tangerang Selatan. The subject of this research includes contractor and consultant experts who work in construction project around Tangerang Selatan. From the survey, we obtained 41 valid responses which then were analyzed using FAII. As a result, we found that the indicator “the company provides safety training for each worker to act safely” has been considered as the most important safety indicator. It is followed by “the contractor always provides PPE such as helmets, boots, gloves, masks, and other tools that can get me out of an accident”. Then the third result is “there are safeguards on the project site; safety signs, fire extinguishers, and security fences”.

scholarly journals A review of causes of variation order in the construction of terrace housing projects in Malaysia

2019 ◽  
Vol 277 ◽  
pp. 03013
Author(s):  
Noraziah Mohammad ◽  
Zabidi Hamzah
Keyword(s):  
Construction Industry ◽  
Construction Projects ◽  
Construction Project ◽  
Extensive Literature ◽  
Time Cost ◽  
Construction Time ◽  
Building Projects ◽  
Housing Projects ◽  
Building Project

Variation order refers to any changes from the scope, plan, specification or contract document in the construction project. This changes of work is a common problem in construction projects in Malaysia. It is inevitable in any construction project and this problem can become more serious when variation order causes work progress to be impaired as a results it increased the construction time and cost that affects the construction industry in Malaysia. This paper critically review the causes of variation order in the construction industry on the double-storey terrace housing project in Malaysia. The discussions began with the construction industry in Malaysia and then related parties involved in the construction industry. The extensive local and abroad literature review on the definitions of variation order and analysis of past studies conducted on variation order and the previous study of the prediction model of variation. The extensive literature on variation order in the construction of building project may help to improve the performance in term of time, cost and quality of the construction of building projects in Malaysia.

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.

Developing a Model for Risk and Responsibility Management Share Amongst Stakeholders Consortium in Construction Projects

2013 ◽  
Vol 684 ◽  
pp. 639-643 ◽  
Author(s):  
Alireza Ghaffari
Keyword(s):  
Risk Factors ◽  
Risk Management ◽  
Construction Industry ◽  
Construction Projects ◽  
Construction Project ◽  
Significant Risk ◽  
Interest Rate Risk ◽  
Extensive Literature ◽  
Productivity Cost ◽  
Management Techniques

The construction project is a complex sector which characterized with low productivity, cost and time overruns and conflicts. The major challenges in construction project risk assessment which may attributed to knowledge requirements for determining the level of uncertainty and development of complex models to predict . Portfolio theory and capital market theory stipulate that risk consists of two types, First, systematic risk, which cannot be controlled, emanates from external factors such as acts of God, natural disasters, market risk, interest-rate risk, and purchasing-power risk. Second, unsystematic risk, which can be controlled, relates to organization-specific factors such as business risk and financial risk (Fischer and Jordan 1996).) . To identifies the risk factors that influence the cost-effective management, operation, and maintenance of construction project, as well as how and when in the project life cycle the identified risk factors impact to the associated costs . The identification and design of risk is the first step of risk management. It contain the recognition of potential risk event conditions in a project and the clarification of risk responsibilities. A total of 50 risk factors on construction for stake holders (client , contractor ,consultant ) share projects were identified after conducting an extensive literature survey. A questionnaire survey was conducted from 60 project managers(20 from each category) in all three proficiencies with background experience in buildings ,road and bridges with minimum 15 years experience , to identify the most significant risk factors impact in construction projects . Interviews were conducted face to face, ensuring a 100 percent response rate. The questionnaire was amended by incorporating feedback of the experts to suit the local environments of the construction industry. The weight or rate of each risk factor gained by using a five-point Liker scale from a consolidated conceptual framework of all 50 risk factors identified from the deep literature work . The main aim of these research is to identify ,categorize and ranking common risks, exert management techniques to address those risks , effective risk management and risk status in the construction industry and to help stakeholders to take stock of their ongoing and future projects, with a focus on important risks, their management techniques and barriers to effective implementation of risk management systems.

scholarly journals Network Theory-Based Analysis of Construction Project Risks

2016 ◽  
Vol 5 (2) ◽  
pp. 24
Author(s):  
Hafida Lmoussaoui ◽  
Hicham Jamouli
Keyword(s):  
Risk Management ◽  
Network Theory ◽  
Construction Projects ◽  
Construction Project ◽  
Risk Identification ◽  
Project Risk Management ◽  
Monitoring And Control ◽  
Project Risk ◽  
Novel Approach ◽  
Project Risks

<p>Because of their specific and complex characteristics, construction projects are exposed to numerous risks of various natures, which make their management more difficult. In this setting, Project Risk Management is an indispensable activity for their successful delivery. It consists in the risk identification, assessment, prioritization, treatment, monitoring and control. This paper presents a novel approach for the identification of construction project risks and a network theory-based methodology for their modelling and analysis. These models serve as a powerful tools comparing to classical methods and provide a support for decision-making regarding Project Risk Management. A case study of a real construction project is used to illustrate these findings.</p>

Sign in / Sign up

Export Citation Format

Share Document