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Risk Management in Engineering and Construction

Tools and Techniques

Paperback Engels 2021 1e druk 9781032177243
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Samenvatting

Today’s businesses are driven by customer ‘pull’ and technological ‘push’. To remain competitive in this dynamic business world, engineering and construction organizations are constantly innovating with new technology tools and techniques to improve process performance in their projects. Their management challenge is to save time, reduce cost and increase quality and operational efficiency. Risk management has recently evolved as an effective method of managing both projects and operations. Risk is inherent in any project, as managers need to plan projects with minimal knowledge and information, but its management helps managers to become proactive rather than reactive. Hence, it not only increases the chance of project achievement, but also helps ensure better performance throughout its operations phase.

Various qualitative and quantitative tools are researched extensively by academics and routinely deployed by practitioners for managing risk. These have tremendous potential for wider applications. Yet the current literature on both the theory and practice of risk management is widely scattered. Most of the books emphasize risk management theory but lack practical demonstrations and give little guidance on the application of those theories. This book showcases a number of effective applications of risk management tools and techniques across product and service life in a way useful for practitioners, graduate students and researchers. It also provides an in-depth understanding of the principles of risk management in engineering and construction.

Specificaties

ISBN13:9781032177243
Taal:Engels
Bindwijze:Paperback
Aantal pagina's:476
Uitgever:CRC Press
Druk:1

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Inhoudsopgave

0

Prelims

Introduction

Prasanta Dey

1

Monte Carlo Simulation as a Risk Management Tool in Construction and Engineering Projects

Isaac A. ODESOLA and Dubem I. IKEDIASHI

2

Modelling Risk effect using Monte Carlo Technique: An Application for Innovative Projects

Ibrahim Motawa

3

A Structural Equation Modelling Approach for Assessing the Impact of External/Internal Risk Factors on Management Risk

VALADIS MALESSIOS

4

Risk management using combined multiple criteria decision-making technique, risk mapping, and decision tree: Oil refinery construction project

Prasanta Kumar Dey

5

Risk Management Practices in the Vietnamese Construction Industry using Bayesian Belief Networks Approach

Van Truong Luu, Soo-YONG Kim, Nguyen Van Tuan, and Stephen O. Ogunlana

6

The use of the analytical hierarchy and network process for risk management

Jonathan Nixon and Prasanta Kumar Dey

7

Project Risk Management Using Fuzzy Theory

Daniel Wright and Prasanta Kumar Dey

8

Development of Influence Diagram for Assessing Risks

Djoen San Santoso

9

Risk Assessment in Construction and Engineering Projects with SDANP plus

Prince Boateng

10

Delphi Technique in Risk Assessment

Djoen San Santoso

11

Risk Management in Enterprise Resource Planning Implementation Projects

Prasanta Kumar Dey, Ben Clegg and Walid Cheffi

12

Risk Management in Oil and Gas Construction Projects in Vietnam

Nguyen Van Thuyet, Stephen Ogunlana and Prasanta Kumar Dey

13

Risk Allocation Assessment through Good Project Governance Concept: A Case Study of PPP Project in Thailand

Martinus Abednego and Stephen O. Ogunlana

14

Risk-Based Inspection and Maintenance: A Case of Oil Pipeline Operations in India

Prasanta Kumar Dey

15

Managing Construction Risks and Uncertainties - A Management Procurement and Contracts Perspective

Oyegoke Adekunle Sabitu and Oluwaseyi A. Awodele

16

Risk Management Practice in Construction Projet: A Case Study on the NHS PFI Hospital Project in the UK

Farid Ezane Mohamed Ghazali, and Mastura Jaaafar

17

Managing Risk Management Knowledge

John Edwards & Eduardo Rodriguez

18

Infrastructure Development in the UAE: Communication and Coordination Issues Amongst Key Stakeholders

Moza T. Al Nahyan, Amrik S. Sohal, Brian Fildes, and Yaser E. Hawas

19

Supply Chain Risk Assessment in Automotive New Product Development

Atanu Choudhuri

20

To Investigate the Feasibility of Predicting, Identifying and Mitigating Latent System Failures in a UK NHS Paediatric Hospital

Anthony Sinclair

21

The Risks and Benefits of Climate change Policy on Business Operation: a System Dynamic Analysis

Tsalis T., Konstandakopoulou F. Evangelinos K., and Nikolaou E.I.

22

Political risk management during instability: The Experience of Readymade Garment Manufacturing firms in Bangladesh.

Krishnendu Saha

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          Risk Management in Engineering and Construction