Advertisement
| construction project risk assessment: Risk Management for Design and Construction Ovidiu Cretu, Robert B. Stewart, Terry Berends, 2011-06-15 The essential risk assessment guide for civil engineering, design, and construction Risk management allows construction professionals to identify the risks inherent in all projects, and to provide the tools for evaluating the probabilities and impacts to minimize the risk potential. This book introduces risk as a central pillar of project management and shows how a project manager can be prepared for dealing with uncertainty. Written by experts in the field, Risk Management for Design and Construction uses clear, straightforward terminology to demystify the concepts of project uncertainty and risk. Highlights include: Integrated cost and schedule risk analysis An introduction to a ready-to-use system of analyzing a project's risks and tools to proactively manage risks A methodology that was developed and used by the Washington State Department of Transportation Case studies and examples on the proper application of principles Information about combining value analysis with risk analysis This book is a must for professionals who are seeking to move towards a proactive risk-centric management style. It is a valuable resource for students who are discovering the intricacies of uncertainties and risks within value estimation. For professionals, the book advocates for identifying and analyzing 'only' risks whose impact are of consequence to a project's performance. JOHN MILTON, PHD, PE Director of Enterprise Risk Management, Washington State Department of Transportation |
| construction project risk assessment: Construction Risk Management Decision Making Alex C. Arthur, 2021-12-13 CONSTRUCTION RISK MANAGEMENT DECISION MAKING Explores the relevance of systems thinking and behavioral science in construction risk management Effective risk management is a vital component of all successful construction projects. Although quantitative tools for evaluating data and minimizing risk are readily available, construction managers commonly adopt a more innate, experience-based approach. In Construction Risk Management Decision Making, project manager and senior consultant Alex C. Arthur provides step-by-step advice on assessing and prioritizing risk using qualitative decision-making systems in the construction industry. Incorporating key theories and concepts from systems thinking and behavioral science, this highly practical guide focuses on the behavior patterns of real people in the industry, rather than complex quantitative techniques and data. Concise, easy-to-understand chapters highlight the current practices of construction risk management while helping readers view risk and decision making from a broader perspective. Throughout the book, the author presents invaluable insights into the ways construction professionals think and behave in the real world. Addresses the actual risk management practices of construction professionals Applies human behavioral theories to the study of construction risk management decision making Illustrates the highly intuitive approaches prevalent in various construction projects Features real-life case studies and practical examples throughout Construction Risk Management Decision Making is an excellent textbook for advanced students in project management, engineering, construction, and surveying courses, and a must-have guide for practitioners of construction management, surveying, and architecture. |
| construction project risk assessment: Data Analytics for Engineering and Construction Project Risk Management Ivan Damnjanovic, Kenneth Reinschmidt, 2019-05-23 This book provides a step-by-step guidance on how to implement analytical methods in project risk management. The text focuses on engineering design and construction projects and as such is suitable for graduate students in engineering, construction, or project management, as well as practitioners aiming to develop, improve, and/or simplify corporate project management processes. The book places emphasis on building data-driven models for additive-incremental risks, where data can be collected on project sites, assembled from queries of corporate databases, and/or generated using procedures for eliciting experts’ judgments. While the presented models are mathematically inspired, they are nothing beyond what an engineering graduate is expected to know: some algebra, a little calculus, a little statistics, and, especially, undergraduate-level understanding of the probability theory. The book is organized in three parts and fourteen chapters. In Part I the authors provide the general introduction to risk and uncertainty analysis applied to engineering construction projects. The basic formulations and the methods for risk assessment used during project planning phase are discussed in Part II, while in Part III the authors present the methods for monitoring and (re)assessment of risks during project execution. |
| construction project risk assessment: Managing Risk in Construction Projects Nigel J. Smith, Tony Merna, Paul Jobling, 2014-02-03 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. |
| construction project risk assessment: Engineering Construction Risks Peter Allan Thompson, John G. Perry, 1992 Risk analysis and management - an overview. When to apply risk management. Quantitative techniques for project risk analysis. Risk in estimating. Contract stategy... |
| construction project risk assessment: Quantitative Risk Management and Decision Making in Construction Amarjit Singh, 2017 Singh introduces valuable techniques for weighing and evaluating alternatives in decision making with a focus on risk analysis for identifying, quantifying, and mitigating risks associated with construction projects. |
| construction project risk assessment: Risk Management in Engineering and Construction Stephen Ogunlana, Prasanta Kumar Dey, 2019-09-09 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. |
| construction project risk assessment: Practical Risk Management for EPC / Design-Build Projects Walter A. Salmon, 2020-02-25 Many of the books on construction risk management concentrate on theoretical approaches to the accurate assessment of the overall risks of taking on a new project. Less attention is paid to the typical risks to which the operational level of a project is exposed and how operational managers should approach those risks during project implementation. This book identifies precisely where the major EPC/Design-Build risks occur within an operational framework and shows how best to deal with those risks. The book attempts to offer practical advice, approaches and tools for dealing with risks to which the various operational departments are exposed. |
| construction project risk assessment: Megaproject Risk Analysis and Simulation Prince Boateng, Zhen Chen, Stephen O. Ogunlana, 2017-04-28 Providing new knowledge on risk analysis and simulation for megaprojects, this book is essential reading for both academics and practitioners. Its focus is on technical descriptions of a newly developed dynamic systems approach to megaproject risk analysis and simulation. |
| construction project risk assessment: Risk Management in Projects Martin Loosemore, John Raftery, Charles Reilly, David Higgon, 2012-09-10 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. |
| construction project risk assessment: The Owner's Role in Project Risk Management National Research Council, Division on Engineering and Physical Sciences, Board on Infrastructure and the Constructed Environment, Committee for Oversight and Assessment of U.S. Department of Energy Project Management, 2005-02-25 Effective risk management is essential for the success of large projects built and operated by the Department of Energy (DOE), particularly for the one-of-a-kind projects that characterize much of its mission. To enhance DOE's risk management efforts, the department asked the NRC to prepare a summary of the most effective practices used by leading owner organizations. The study's primary objective was to provide DOE project managers with a basic understanding of both the project owner's risk management role and effective oversight of those risk management activities delegated to contractors. |
| construction project risk assessment: Neuronal Risk Assessment System for Construction Projects Pedro Maria-Sanchez, 2005 |
| construction project risk assessment: Project Risk Analysis Made Ridiculously Simple Lev Virine, Michael Trumper, 2017-01-05 Project management is the art of analyzing and managing risks. Without risk, there is little need for project management. Project Risk Analysis Made Ridiculously Simple offers a step-by-step guide on how to perform project risk analysis and risk management for a wide range of readers: students, project schedulers not exposed to project risk analysis before, and to project risk experts. With this book, you will learn how to:Easily recognizable real-life stories and projects provide a compelling narrative while imparting valuable information on both the theory and practice of project risk management. You will not only understand why project risk management is important to the success of their projects, but you will also know how it can be implemented in your organization and the appropriate tools to use. |
| construction project risk assessment: Risk Management Guidelines 2017 Cmaa, 2017 |
| construction project risk assessment: Managing Construction Projects Graham M. Winch, 2012-11-20 Project management is of critical importance in construction, yetits execution poses major challenges. In order to keep a project ontrack, decisions often have to be made before all the necessaryinformation is available. Drawing on a wide range of research, Managing ConstructionProjects proposes new ways of thinking about project managementin construction, exploring the skills required to manageuncertainty and offering techniques for thinking about thechallenges involved. The second edition takes the informationprocessing perspective introduced in the first edition and developsit further. In particular, this approach deepens the reader’sunderstanding of the dynamics in the construction project process– from the value proposition inherent in the project mission,to the functioning asset that generates value for its owners andusers. Managing Construction Projects is a unique andindispensible contribution to the available literature onconstruction project management. It will be of particular benefitto advanced students of construction and construction projectmanagement, as well as contractors and quantity surveyors. Reviews of the First edition: A massive review of the art and science of the management ofprojects that has the great virtue of being a good read wherever itis touched. It spills the dirt on things that went wrong,elucidates the history so you can understand the industry's currentstance, draws on other countries experience and explains the latestmanagement processes. Throughout it is liberally sprinkled withanecdotes and case histories which amply illustrate the dos anddon't for practitioners wishing to deliver projects on time toexpected quality and price. A valuable book for students andpractitioners alike. —John D Findlay, Director, Stent This is a valuable source for practitioners and students. Itcovers the A-Z of project management in a confident contemporarymanner, and provides a powerful and much needed conceptualperspective in place of a purely prescriptive approach. Theengaging presentation introduces a range of challenges toestablished thinking about project management, often by makingcomparisons between practices in the UK and those of othercountries. —Peter Lansley, Professor of Construction Management,University of Reading A refreshing and unique study of information management and itsimpact upon international construction project management.... Thebook is well presented and written, logical and succinct and isflexible enough to allow readers to either read from start tofinish or to dip into selected chapters. This book deserves to bean established text for any construction or civil engineering under- and/or postgraduate course. —CNBR, 25th November 2003 Generous use is made of anecdotes andc case historiesthroughout to support the theory. the book illustrates the mistakesmade by others, and the means to deliver projects on time and tocost. —Building Services Journal, April 2004 |
| construction project risk assessment: Effectiveness of Risk Monitoring. The project life cycle of a construction project in Port Harcourt, Nigeria Newman Enyioko, 2020-05-14 Research Paper (postgraduate) from the year 2020 in the subject Business economics - Business Management, Corporate Governance, grade: 4.5, , course: Business Economics, language: English, abstract: The paper evaluated the effectiveness of risk monitoring through the project life cycle of a construction project of a shopping center in Port Harcourt. In line with this need, this paper established a system to improve the time, cost and quality performance of building construction projects in developing countries through a comprehensive risk management model that ensures that the expectations of clients are met. To achieve the aim of this paper, a mixed methodological approach was adopted. Through the review of literature, a conceptual risk management framework suitable to elaborate risk assessment of building construction projects especially for developing countries was developed. The result showed the interrelation between the risk factors and how they contributed to cost and time overruns as well as quality problems. |
| construction project risk assessment: Collaborative Risk Mitigation Through Construction Planning and Scheduling Lana Kay Coble, 2018-11-13 In the complex, cash-strapped, high pressure world of modern construction, what do you do when something goes wrong? This work looks beyond the best-case scenario to give project managers, contractors, architects and engineers the tools to prepare effectively for the unexpected. |
| construction project risk assessment: Risk and Financial Management in Construction Simon A. Burtonshaw-Gunn, 2009 The book covers Risk Management describing the tools and methods to reduce the occurrence and consequences of risk, and the financial management of construction projects from raising funding, to contract strategy and through to estimating, budgeting and cost control. It includes a chapter covering international project risk, bringing together the issues of risk management, prime contracting, and PFI funding for construction projects undertaken away from the contractors main home market. |
| construction project risk assessment: Guide to Risk Assessment and Allocation for Highway Construction Management Keith R. Molenaar, David B. Ashley, 2006 |
| construction project risk assessment: Project Management for Facility Constructions Alberto De Marco, 2011-03-23 This book describes concepts, methods and practical techniques for managing projects to develop constructed facilities in the fields of oil & gas, power, infrastructure, architecture and the commercial building industries. It is addressed to a broad range of professionals willing to improve their management skills and designed to help newcomers to the engineering and construction industry understand how to apply project management to field practice. Also, it makes project management disciplines accessible to experts in technical areas of engineering and construction. In education, this text is suitable for undergraduate and graduate classes in architecture, engineering and construction management, as well as for specialist and professional courses in project management. |
| construction project risk assessment: Risk Management Treatise for Engineering Practitioners Chike F Oduoza, 2019-04-23 This book Risk Management Treatise for Engineering Practitioners has been published by academic researchers and experts on risk management concepts mainly in the construction engineering sector. It addresses basic theories and principles of risk management backed up, in most cases, with case studies. The contributions for this book came from authors in Europe, the Far East and Africa, and it is hoped that the contents of this book will be useful to anyone interested in understanding the principles and applications of risk management, especially within the construction engineering sector. Researchers and postgraduate students in science and engineering disciplines, especially those interested in project management, will find this book useful. |
| construction project risk assessment: Project Risk Management Guidelines Dale Cooper, Stephen Grey, Geoffrey Raymond, Phil Walker, 2004-11-30 This book describes philosophies, principles, practices and techniques for managing risk in projects and procurements, with a particular focus on complex or large-scale activities. The authors cover the basics of risk management in the context of project management, and outline a step-by-step approach. They then extend this approach into specialised areas of procurement (including tender evaluation, outsourcing and Public-Private Partnerships), introducing technical risk assessment tools and processes for environmental risk management. Finally they consider quantitative methods and the way they can be used in large projects. International case studies are included throughout. |
| construction project risk assessment: Identifying and Managing Project Risk Tom Kendrick, 2009-02-27 Winner of the Project Management Institute’s David I. Cleland Project Management Literature Award 2010 It’s no wonder that project managers spend so much time focusing their attention on risk identification. Important projects tend to be time constrained, pose huge technical challenges, and suffer from a lack of adequate resources. Identifying and Managing Project Risk, now updated and consistent with the very latest Project Management Body of Knowledge (PMBOK)® Guide, takes readers through every phase of a project, showing them how to consider the possible risks involved at every point in the process. Drawing on real-world situations and hundreds of examples, the book outlines proven methods, demonstrating key ideas for project risk planning and showing how to use high-level risk assessment tools. Analyzing aspects such as available resources, project scope, and scheduling, this new edition also explores the growing area of Enterprise Risk Management. Comprehensive and completely up-to-date, this book helps readers determine risk factors thoroughly and decisively...before a project gets derailed. |
| construction project risk assessment: The 10th International Conference on Engineering, Project, and Production Management Kriengsak Panuwatwanich, Chien-Ho Ko, 2020-03-03 This book gathers the proceedings of the EPPM 2019 conference, and highlights innovative work by researchers and practitioners active in various industries around the globe. Recent advances in science and technology have made it possible to seamlessly connect and integrate various elements of engineering systems, and opened the door for innovations that have transformed how we live and work. While these developments have yielded enhanced efficiency and numerous improvements in our current practices, the problems caused by the increased complexity of these integrated systems can be extremely difficult. Accordingly, solving these problems involves applying cross-disciplinary expertise to address the heterogeneity of the various elements inherent in the system. These proceedings address four main themes: (I) Smart and Sustainable Construction, (II) Advances in Project Management Practices, (III) Toward Safety and Productivity Improvement, and (IV) Smart Manufacturing, Design, and Logistics. As such, they will be of interest to and valuable to researchers and practitioners in a range of industries seeking an update on the translational fields of engineering, project, and production management. |
| construction project risk assessment: Agent-based Modeling and Simulation S. Taylor, 2014-08-27 Operational Research (OR) deals with the use of advanced analytical methods to support better decision-making. It is multidisciplinary with strong links to management science, decision science, computer science and many application areas such as engineering, manufacturing, commerce and healthcare. In the study of emergent behaviour in complex adaptive systems, Agent-based Modelling & Simulation (ABMS) is being used in many different domains such as healthcare, energy, evacuation, commerce, manufacturing and defense. This collection of articles presents a convenient introduction to ABMS with papers ranging from contemporary views to representative case studies. The OR Essentials series presents a unique cross-section of high quality research work fundamental to understanding contemporary issues and research across a range of Operational Research (OR) topics. It brings together some of the best research papers from the esteemed Operational Research Society and its associated journals, also published by Palgrave Macmillan. |
| construction project risk assessment: Uses of Risk Analysis to Achieve Balanced Safety in Building Design and Operations National Research Council, Division on Engineering and Physical Sciences, Commission on Engineering and Technical Systems, Committee on Risk Appraisal in the Development of Facilities Design Criteria, 1991-02-01 This volume considers engineering risk analysis applications to the field of building safety. Building codes and design criteria used by architects and engineersâ€standards of good practice defined by industry consensusâ€have made great strides in bringing the dangers of facilities under control, but the range of hazards (e.g., fire, indoor air pollutants, electrical malfunctions) is broad. Risk analysis offers improved overall safety of new and existing facilities without imposing unacceptable costs. Broad application of risk analysis will help facility professionals, policymakers, and facility users and owners to understand the risks, to determine what levels of risk are socially and economically tolerable, and to manage risk more effectively. |
| construction project risk assessment: Control of Risk Patrick S. Godfrey, 1996 This guide will introduce you to the processes of systematic risk management. |
| construction project risk assessment: Risk Management Practices in Construction Ayodeji E. Oke, Pelumi E. Adetoro, Seyi S. Stephen, Clinton O. Aigbavboa, Lukman O. Oyewobi, Douglas O. Aghimien, 2023-07-26 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. |
| construction project risk assessment: The Standard for Risk Management in Portfolios, Programs, and Projects Project Management Institute, 2019-04-22 This is an update and expansion upon PMI's popular reference, The Practice Standard for Project Risk Management. Risk Management addresses the fact that certain events or conditions may occur with impacts on project, program, and portfolio objectives. This standard will: identify the core principles for risk management; describe the fundamentals of risk management and the environment within which it is carried out; define the risk management life cycle; and apply risk management principles to the portfolio, program, and project domains within the context of an enterprise risk management approach It is primarily written for portfolio, program, and project managers, but is a useful tool for leaders and business consumers of risk management, and other stakeholders. |
| construction project risk assessment: Construction Risk Management Decision Making Alex C. Arthur, 2021-12-01 CONSTRUCTION RISK MANAGEMENT DECISION MAKING Explores the relevance of systems thinking and behavioral science in construction risk management Effective risk management is a vital component of all successful construction projects. Although quantitative tools for evaluating data and minimizing risk are readily available, construction managers commonly adopt a more innate, experience-based approach. In Construction Risk Management Decision Making, project manager and senior consultant Alex C. Arthur provides step-by-step advice on assessing and prioritizing risk using qualitative decision-making systems in the construction industry. Incorporating key theories and concepts from systems thinking and behavioral science, this highly practical guide focuses on the behavior patterns of real people in the industry, rather than complex quantitative techniques and data. Concise, easy-to-understand chapters highlight the current practices of construction risk management while helping readers view risk and decision making from a broader perspective. Throughout the book, the author presents invaluable insights into the ways construction professionals think and behave in the real world. Addresses the actual risk management practices of construction professionals Applies human behavioral theories to the study of construction risk management decision making Illustrates the highly intuitive approaches prevalent in various construction projects Features real-life case studies and practical examples throughout Construction Risk Management Decision Making is an excellent textbook for advanced students in project management, engineering, construction, and surveying courses, and a must-have guide for practitioners of construction management, surveying, and architecture. |
| construction project risk assessment: Risk Management in Construction , 2024-01-10 This book presents recent research on risk management in the construction industry. It consists of eight chapters, each of which contains valuable information on specified areas of risk management engineering. Topics addressed include identifying, analyzing, assessing, controlling, and monitoring risk for planning and construction stages; risk management methods used in the construction industry and case studies; risk management for buildings, dams, highways, railways, nuclear power plants, underground structures, energy facilities, and their appurtenant structures. This book provides a comprehensive overview of the latest information in risk management in the construction industry. |
| construction project risk assessment: Sustainable Living with Environmental Risks Nobuhiro Kaneko, Shinji Yoshiura, Masanori Kobayashi, 2014-03-11 We are not free from environmental risks that accompany the development of human societies. Modern economic development has accelerated environmental pollution, caused loss of natural habitats, and modified landscapes. These environmental changes have impacted natural systems: water and heat circulation, nutrient cycling, and biodiversity. These changes in natural systems degrade ecosystem services and subsequently increase environmental risks for humans. Environmental risks, therefore, are not only human health risks by pollution, climatic anomalies and natural disasters, but also degradation of ecosystem services on which most people are relying for their lives. We cannot entirely eliminate the risks, because it is not possible to attain zero impact on the environment, but we need to find a mechanism that minimizes environmental risks for human sustainably. This is the idea of the interdisciplinary framework of “environmental risk management” theory, which advocates harmony between economic development and environmental conservation. Based on this theory, the Sustainable Living with Environmental Risk (SLER) programme, adopted by the Japanese Ministry of Education (MEXT) as one of its strategic programmes, has been training graduate students at the Yokohama National University, Japan, from 2009 to 2013 to become future environmental leaders who will take the initiative in reducing the level of environmental risks and in protecting natural resources in the developing nations of Asia and Africa. This book provides students and teachers of this new academic field with a comprehensive coverage of case studies of environmental risks and their practical management technologies not only in Japan but also in developing nations in Asia and Africa. |
| construction project risk assessment: Risk Assessment Georgi Popov, Bruce K. Lyon, Bruce D. Hollcroft, 2016-06-27 Covers the fundamentals of risk assessment and emphasizes taking a practical approach in the application of the techniques Written as a primer for students and employed safety professionals covering the fundamentals of risk assessment and emphasizing a practical approach in the application of the techniques Each chapter is developed as a stand-alone essay, making it easier to cover a subject Includes interactive exercises, links, videos, and downloadable risk assessment tools Addresses criteria prescribed by the Accreditation Board for Engineering and Technology (ABET) for safety programs |
| construction project risk assessment: The Pig Book Citizens Against Government Waste, 2013-09-17 The federal government wastes your tax dollars worse than a drunken sailor on shore leave. The 1984 Grace Commission uncovered that the Department of Defense spent $640 for a toilet seat and $436 for a hammer. Twenty years later things weren't much better. In 2004, Congress spent a record-breaking $22.9 billion dollars of your money on 10,656 of their pork-barrel projects. The war on terror has a lot to do with the record $413 billion in deficit spending, but it's also the result of pork over the last 18 years the likes of: - $50 million for an indoor rain forest in Iowa - $102 million to study screwworms which were long ago eradicated from American soil - $273,000 to combat goth culture in Missouri - $2.2 million to renovate the North Pole (Lucky for Santa!) - $50,000 for a tattoo removal program in California - $1 million for ornamental fish research Funny in some instances and jaw-droppingly stupid and wasteful in others, The Pig Book proves one thing about Capitol Hill: pork is king! |
| construction project risk assessment: Risk Management and Construction Roger Flanagan, George Norman, 1993-08-20 The construction industry is subject to more risk and uncertainty than perhaps any other industry. Yet, surprisingly, managerial techniques used to identify, analyse and respond to risk were not applied in the industry until the 80's. Existing texts deal with the theoretical concepts of risk and the techniques that identify and manage it. This book provides a set of tools that enable these management techniques to be put into practice in the construction industry. |
| construction project risk assessment: Control Mechanisms for Ecological-Economic Systems Vladimir N. Burkov, Dmitry A. Novikov, Alexander V. Shchepkin, 2015-01-02 This monograph presents and analyzes the optimization, game-theoretic and simulation models of control mechanisms for ecological-economic systems. It is devoted to integrated assessment mechanisms for total risks and losses, penalty mechanisms, risk payment mechanisms, financing and costs compensation mechanisms for risk level reduction, sales mechanisms for risk level quotas, audit mechanisms, mechanisms for expected losses reduction, economic motivation mechanisms, optimization mechanisms for regional environmental (risk level reduction) programs, and mechanisms for authorities' interests coordination. The book is aiming at undergraduate and postgraduate students, as well as at experts in mathematical modeling and control of ecological economic, socioeconomic and organizational systems. |
| construction project risk assessment: The Builders Risk Book Steven A. Coombs, Donald S. Malecki, 2010-10 |
| construction project risk assessment: Managing Risks in Projects K.A. Artto, K. Kahkonen, 2013-02-01 Managing Risks in Projects presents the latest skills, techniques, knowledge and experience of managing risks in projects from the leading worldwide experts. Many different types of projects are addressed spanning development, software, re-engineering, engineering and construction. |
| construction project risk assessment: Code of Practice for Project Management for Construction and Development Chartered Institute of Building,, 2010-01-19 In 1991 the Chartered Institute of Building initiated a multi-institute task force and a Code of Practice for Project Management for Construction and Development was published in 1992, with second and third editions in 1996 and 2002. Like previous editions, this fourth edition has been extensively updated. The fourth edition includes a range of new illustrations and high profile examples, and features new guidance on: CDM regulations Project planning Change management Project management software Mobile technology The range of procurement options The European perspective Contracts Effective project management involves the assessment and management of risk, and this is a strong theme throughout the Code. The Code of Practice provides an authoritative guide to the principles and practice of construction project management. It will be a key reference source for clients, contractors and professionals, irrespective of the size and nature of the project. |
| construction project risk assessment: Effective Opportunity Management for Projects David Hillson, 2003-11-19 With step-by-step guidelines, this bestselling reference discusses the management of project opportunities by expanding the traditional risk management process to address opportunities alongside threats. It offers valuable tools and techniques that expose and capture opportunities, minimize threats, and deal with all types of uncertainty in your business and projects. Written by an experienced consultant and risk management specialist, this guide emphasizes that risk processes must cover both opportunities and threats if they are to assist in accomplishing project objectives and maximizing business benefits. |
Construction News and Trends | Construction Dive
Construction Dive provides news and analysis for construction industry executives. We cover commercial and residential construction, focusing on topics like technology, design, regulation, …
The top commercial contractors of 2025 | Construction Dive
May 29, 2025 · The top commercial contractors of 2025 Turner maintained the No. 1 spot for another year, Bechtel reclaimed second place and HITT made its top 10 debut after a huge …
Private construction pullback drags down overall spending
Jun 3, 2025 · Private construction pullback drags down overall spending Nearly 22% of contractors have reported project delays or cancellations due to tariff-related impacts, …
Construction Dive’s May 2025 economic roundup
5 days ago · Construction Dive’s May 2025 economic roundup Building activity softened last month as tariff impacts and project delays began to ripple through contractors’ pipelines.
Construction Champions 2025 | Construction Dive
Mar 3, 2025 · Construction industry news, trends and jobs for building professionals who want mobile-friendly content.
Construction materials costs rise for third month on tariff pressures
Apr 14, 2025 · Construction materials costs rise for third month on tariff pressures Contractors are receiving price hike notices on several key inputs, complicating efforts to plan and budget new …
Winning construction sectors under Trump | Construction Dive
Feb 4, 2025 · Winning construction sectors under Trump Thanks to new White House policies aimed at limiting regulations and easing approvals, contractors expect a surge in activity for …
Multibillion-dollar data center projects to watch | Construction Dive
Jan 28, 2025 · The Mountain View, California-based multinational corporation plans to continue its aggressive expansion into data center construction, with a number of high-profile projects …
Construction costs dip, but tariffs hike some materials’ prices
May 16, 2025 · Construction costs dip, but tariffs hike some materials’ prices Inputs declined overall in April due to falling energy prices, but steel and copper rose significantly while …
Trump tariffs could disrupt construction projects
Dec 16, 2024 · Trump tariffs could disrupt construction projects Certain metals, coatings and MEP components could see significant price hikes, particularly products from China, industry experts …
Construction News and Trends | Construction Dive
Construction Dive provides news and analysis for construction industry executives. We cover commercial and residential construction, focusing on …
The top commercial contractors of 2025 | Constru…
May 29, 2025 · The top commercial contractors of 2025 Turner maintained the No. 1 spot for another year, Bechtel reclaimed second place and HITT …
Private construction pullback drags down overall spending
Jun 3, 2025 · Private construction pullback drags down overall spending Nearly 22% of contractors have reported project delays or …
Construction Dive’s May 2025 economic roundup
6 days ago · Construction Dive’s May 2025 economic roundup Building activity softened last month as tariff impacts and project delays began to …
Construction Champions 2025 | Construction Dive
Mar 3, 2025 · Construction industry news, trends and jobs for building professionals who want mobile …
