Risk Management as an Approach to Control Construction Projects Costs
نویسندگان
چکیده
منابع مشابه
Equitable Risk Allocation in Construction Projects: Fuzzy Bargaining Game Approach
An equitable risk allocation between contracting parties plays a vital role in enhancing the performance of the project. This research presents a new quantitative risk allocation approach by integrating fuzzy logic and bargaining game theory. Owing to the imprecise and uncertain nature of players’ payoffs at different risk allocation strategies, fuzzy logic is implemented to determine the value...
متن کاملRisk Management in Construction Projects
The financial and economic crisis has had an adverse impact on the Lithuania’s economy and construction industry. The GDP of Lithuania grew slightly in 2010, in contrast to a decrease of 14.7% in 2009. Lithuania’s GDP increased from 1.3% in 2010 to 4.6% in 2011. Annual GDP growth decreased from its highest point of 6.7%, reached in the third quarter, to 4.4% in the last quarter of 2011 [1,2]. S...
متن کاملRisk management in small construction projects
Risks and other uncertainties can cause losses, which lead to increasing costs and time delays,both during the project and at the end. The need to prevent failures during the constructionprocess and other losses related to construction has been emphasised in various reports.Example consequences are failure costs in civil works which can be close to 8% of the totalbudget for proj...
متن کاملA fuzzy group decision making approach to construction project risk management
Implementation of the risk management concepts into construction practice may enhance the performance of project by taking appropriate response actions against identified risks. This research proposes a multi-criteria group decision making approach for the evaluation of different alternative response scenarios. To take into account the uncertainties inherent in evaluation process, fuzzy logic i...
متن کاملequitable risk allocation in construction projects: fuzzy bargaining game approach
an equitable risk allocation between contracting parties plays a vital role in enhancing the performance of the project. this research presents a new quantitative risk allocation approach by integrating fuzzy logic and bargaining game theory. owing to the imprecise and uncertain nature of players’ payoffs at different risk allocation strategies, fuzzy logic is implemented to determine the value...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Port-Said Engineering Research Journal
سال: 2016
ISSN: 2536-9377
DOI: 10.21608/pserj.2016.33636