Managing Risk In Construction Projects
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Managing Risk In Construction Projects
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Author : Nigel J. Smith
language : en
Publisher: John Wiley & Sons
Release Date : 2014-02-03
Managing Risk In Construction Projects written by Nigel J. Smith and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-02-03 with Technology & Engineering categories.
Investment in any new project invariably carries risk but the construction industry is subject to more risk and uncertainty than perhaps any other industry. This guide for construction managers, project managers and quantity surveyors as well as for students shows how the risk management process improves decision-making. Managing Risk in Construction Projects offers practical guidance on identifying, assessing and managing risk and provides a sound basis for effective decision-making in conditions of uncertainty. The book focuses on theoretical aspects of risk management but also clarifies procedures for undertaking and utilising decisions. This blend of theory and practice is the real message of the book and, with a strong authorship team of practitioners and leading academics, the book provides an authoritative guide for practitioners having to manage real projects. It discusses a number of general concepts, including projects, project phases, and risk attitude before introducing various risk management techniques. This third edition has been extended to recognize the reality of multi-project or programme management and the risks in this context; to highlight the particular problems of risk in international joint ventures; and to provide more coverage of PFI and PPP. With case studies and examples of good practice, the book offers the distilled knowledge of over 100 man-years of experience in working on all aspects of project risk, giving sound practical guidance on identifying, assessing and managing risk.
Managing Risk In Construction Projects
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Author : ARMAAN. ANDRA
language : en
Publisher: Wordpen Academics
Release Date : 2024-12-07
Managing Risk In Construction Projects written by ARMAAN. ANDRA and has been published by Wordpen Academics this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-12-07 with Technology & Engineering categories.
-The book discusses a standard risk management model that can be used for infrastructure projects, providing a step-by-step guide to identify, assess, and manage risks. -Introduces a new mode of Health, Safety, and Environment (HSE) risk management for construction projects, highlighting the importance of HSE risk management in construction projects. -Explores different market methods for transferring financial risks in construction, discussing the advantages and disadvantages of each method. -Provides a comprehensive guide to risk management in construction projects, discussing the present knowledge and future directions of risk management in construction. -It is a valuable resource for professionals involved in construction project management, including project managers, contractors, engineers, and architects. The book is also relevant to academics and researchers interested in the theory and practice of risk management in construction projects.
Risk Management In Engineering And Construction
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Author : Stephen Ogunlana
language : en
Publisher: Routledge
Release Date : 2019-09-09
Risk Management In Engineering And Construction written by Stephen Ogunlana and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-09-09 with Technology & Engineering categories.
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.
Risk Management In Projects
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Author : Martin Loosemore
language : en
Publisher: Taylor & Francis
Release Date : 2006
Risk Management In Projects written by Martin Loosemore and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Architecture categories.
Project managers in construction and civil engineering need to base their decisions on realistic information about risk and public perceptions of risk. This second edition of the original practical and straightforward text retains the easy-to-read format, but has been expanded to encompass the entire risk management process and to give a fuller presentation of how risk is generally perceived. Two new chapters cover risk identification and risk response, and the chapters on risk analysis have been completely reorganized. There is also greater emphasis on the theory behind the principles, and an expanded bibliography is given to guide an exploration of the subject in greater detail. The book demystifies risk management by presenting the subject in simple and practical terms, free of technical jargon, and case studies are used extensively to enliven the text and to illustrate the concepts discussed.
Managing Risks In Design Construction Projects
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Author : Ronald Saporita
language : en
Publisher: American Society of Mechanical Engineers
Release Date : 2006
Managing Risks In Design Construction Projects written by Ronald Saporita and has been published by American Society of Mechanical Engineers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Technology & Engineering categories.
Project management is the art of applying the necessary, cost, scheduling, and other variance identification tools to safely achieve a quality product, on time and within budget. This volume provides an understanding of the risk-management "process," and an outline of the considerations to implement one. No particular type of contract isolates participants from risks. The author presents an evaluation of risks involved in various contract formats, i.e., lump sum, cost plus, etc., and delivery methods, Design/Build and Design/Bid/Build.
Managing Risk In Construction Projects
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Author : Michael B. Akinrinade
language : en
Publisher:
Release Date : 2018
Managing Risk In Construction Projects written by Michael B. Akinrinade and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
Managing Risk Of Construction Projects
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Author : Mana Ghahramanzadeh
language : en
Publisher:
Release Date : 2013
Managing Risk Of Construction Projects written by Mana Ghahramanzadeh and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
Risk Management In Construction Projects A Systematic Analytical Approach For Contractors
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Author : Jamal Fuad Al-Bahar
language : en
Publisher:
Release Date : 1988
Risk Management In Construction Projects A Systematic Analytical Approach For Contractors written by Jamal Fuad Al-Bahar and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with categories.
Risk Management Practices In Construction
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Author : Ayodeji E. Oke
language : en
Publisher: Springer Nature
Release Date : 2023-07-26
Risk Management Practices In Construction written by Ayodeji E. Oke and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-07-26 with Business & Economics categories.
This volume describes risk management practices in the construction industry in selected countries, with an emphasis on developing countries and how these countries can learn from the practices in more developed ones. Risk management in the construction industry can be difficult to understand due to the various complex procedures that are involved and to the unique concerns and contexts associated with each project. The industry has been a key contributor to the economic and social development of many countries of the world and is increasingly incorporating sustainability into its practices. However it is plagued by various risks that can affect the quality, cost, time and overall sustainability of projects. Therefore, there is need to effectively manage risk in order to ensure timely completion of construction projects in good quality and within budget, which in turn results in more efficient and often more sustainable practices. The book is divided into four parts. The first section features a primer on risk management practices as they pertain to the construction industry. The second part dives in to describe risk management in selected developing countries, including Malaysia, Qatar, Saudi-Arabia, South Africa, Sri-Lanka and Tanzania, as well as the city of Hong Kong. The third section describes the construction risk management practices of a selection of more developed countries with known risk management institutes and established practices of risk management. These countries include Australia, Canada, Sweden and United States of America. The fourth part offers a general overview of the definition, concepts and process of risk management based on reviewed literature. It also discusses the benefits of effective risk management to clients and to project teams, especially from the perspective of ensuring sustainability. This last section also summarizes the risk management practices in both developing and developed countries for the purpose of improving the practices in the former by learning from the latter.
Practical Risk Management In The Construction Industry
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Author : Leslie Edwards
language : en
Publisher: Thomas Telford
Release Date : 1995-05-04
Practical Risk Management In The Construction Industry written by Leslie Edwards and has been published by Thomas Telford this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995-05-04 with Business & Economics categories.
Until now there has been little information available to engineers to help them assimilate quickly the basic theories and practice of risk management; nor has information been widely available on the risk assessments actually produced and the risk management undertaken by those working in the construction industry . Previous books and articles on risk management have been either academic works with little practical civil engineering content or highly detailed reports which focus on specialised applications. Practical Risk Management in the Construction Industry provides engineers with an easily understandable overview of the risk management procedures that are applicable generally to commercial organizations, the risks that might arise particularly in construction and, by the use of practical examples, how those risks can be managed.