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.

Managing Risks In Projects

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Author : K.A. Artto
language : en
Publisher: Routledge
Release Date : 2013-02-01

Managing Risks In Projects written by K.A. Artto and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-02-01 with Architecture categories.

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.

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

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Author : Nigel J. Smith
language : en
Publisher: John Wiley & Sons
Release Date : 2009-02-18

Managing Risk 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 2009-02-18 with Technology & Engineering categories.

Written by a group of academics and practitioners, this guide isfor construction practitioners having to manage real projects. Itshows how the risk management process improves decision making inconditions of uncertainty. This new edition includes the input of the Turnbull report, as wellas to introduce the concept of corporate, strategic business, andproject level risk. The authors cover: * a description of risk management and decision making in thecontext of a construction project * the human dimension * tools and techniques available to the risk analyst * the problems of procurement and finance * the practical application of risk analysis, including theprinciples of risk modelling and simulation, together wit casestudies. A thorough understanding of these concepts will provide the projectmanager with the basis for effective decision making. From the reviews of the first edition: 'This book should be compulsory reading for all concerned with themanagement of risk in construction - whether academics orpractitioners.' Chartered Surveyor Monthly 'A valuable addition to the literature ... which helps condense,simplify and provide practical advice on how to implement riskmanagement on construction projects.'

Ramp Risk Analysis And Management For Projects

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Author : Institution of Civil Engineers (Great Britain)
language : en
Publisher: Thomas Telford
Release Date : 2005

Ramp Risk Analysis And Management For Projects written by Institution of Civil Engineers (Great Britain) and has been published by Thomas Telford this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.

Key coverage/key issues of this book are: uncertainty and its mitigation, upside risk, the disadvantages of using optimum bias alone, evidence that has recently emerged about the risks in transport infrastructure projects, and risk efficiency.

Construction Project Management

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Author : Peter Fewings
language : en
Publisher: Routledge
Release Date : 2013-05-07

Construction Project Management written by Peter Fewings and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-05-07 with Technology & Engineering categories.

The role of the project manager continues to evolve, presenting new challenges to established practitioners and those entering the field for the first time. This second edition of Peter Fewings' groundbreaking textbook has been thoroughly revised to recognise the increasing importance of sustainability and lean construction in the construction industry. It also tackles the significance of design management, changing health and safety regulation, leadership and quality for continuous improvement of the service and the product. Using an integrated project management approach, emphasis is placed on the importance of effectively handling external factors in order to best achieve an on-schedule, on-budget result, as well as good negotiation with clients and skilled team leadership. Its holistic approach provides readers with a thorough guide in how to increase efficiency and communication at all stages while reducing costs, time and risk. Short case studies are used throughout the book to illustrate different tools and techniques. Combining the theories underpinning best practice in construction project management, with a wealth of practical examples, this book is uniquely valuable for practitioners and clients as well as undergraduate and graduate students for construction project management.

Construction Cost Management

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Author : Keith Potts
language : en
Publisher: Routledge
Release Date : 2014-01-23

Construction Cost Management written by Keith Potts and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-01-23 with Technology & Engineering categories.

In this updated and expanded second edition, Keith Potts and Nii Ankrah examine key issues in construction cost management across the building and civil engineering sectors, both in the UK and overseas. Best practice from pre-contract to post-contract phases of the project life-cycle are illustrated using major projects such as Heathrow Terminal 5, Crossrail and the London 2012 Olympics as case studies. More worked examples, legal cases, case studies and current research have been introduced to cover every aspect of the cost manager’s role. Whole-life costing, value management, and risk management are also addressed, and self-test questions at the end of each chapter support independent learning. This comprehensive book is essential reading for students on surveying and construction management programmes, as well as built environment practitioners with cost or project management responsibilities.

Risk Management

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Author : Nerija Banaitiene
language : en
Publisher: BoD – Books on Demand
Release Date : 2012-09-12

Risk Management written by Nerija Banaitiene and has been published by BoD – Books on Demand this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-09-12 with Business & Economics categories.

Every business and decision involves a certain amount of risk. Risk might cause a loss to a company. This does not mean, however, that businesses cannot take risks. As disengagement and risk aversion may result in missed business opportunities, which will lead to slower growth and reduced prosperity of a company. In today's increasingly complex and diverse environment, it is crucial to find the right balance between risk aversion and risk taking. To do this it is essential to understand the complex, out of the whole range of economic, technical, operational, environmental and social risks associated with the company's activities. However, risk management is about much more than merely avoiding or successfully deriving benefit from opportunities. Risk management is the identification, assessment, and prioritization of risks. Lastly, risk management helps a company to handle the risks associated with a rapidly changing business environment.

Corporate Risk Management

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Author : Tony Merna
language : en
Publisher: John Wiley & Sons
Release Date : 2011-03-10

Corporate Risk Management written by Tony Merna 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 2011-03-10 with Business & Economics categories.

The book analyzes, compares, and contrasts tools and techniques used in risk management at corporate, strategic business and project level and develops a risk management mechanism for the sequencing of risk assessment through corporate, strategic and project stages of an investment in order to meet the requirements of the 1999 Turnbull report. By classifying and categorizing risk within these levels it is possible to drill down and roll-up to any level of the organizational structure and to establish the risks that each project is most sensitive to, so that appropriate risk response strategies may be implemented to benefit all stakeholders. "The new edition of this book provides a clear insight into the intricacies of corporate risk management and the addition of the case study exemplars aids understanding of the management of multiple projects in the real world." —Professor Nigel Smith, Head of the School of Civil Engineering, University of Leeds