TY - GEN
T1 - Fully integrated web-based risk management systems for highly uncertain global projects
AU - Han, Seung Heon
AU - Kim, Du Yon
AU - Kim, Hyoungkwan
AU - Chung, Yeonil
AU - Park, Heedae
AU - Choi, Seokjin
PY - 2006
Y1 - 2006
N2 - Overseas construction projects are exposed to diverse and complex risks, including political, economical, social, and cultural issues. They tend to have a high possibility of loss/failure compared to domestic projects. For this reason, risk management is getting more important, emphasized, and systemized so as to improve the project performance. Since each phase of a construction project causes different types of risk associated with decision-making process, risk management system for global projects should be tailored to satisfy the specific needs of the particular phase. In this way, various risk management issues that arise through the entire life cycle of the project can be constantly checked and monitored. This study reviews basic decision-making processes in the global construction projects, and presents a framework for risk management of each process of a sequential decision. A fully integrated risk management system is also developed as a decision supporting tool, using key risk factors of each stage of a project.
AB - Overseas construction projects are exposed to diverse and complex risks, including political, economical, social, and cultural issues. They tend to have a high possibility of loss/failure compared to domestic projects. For this reason, risk management is getting more important, emphasized, and systemized so as to improve the project performance. Since each phase of a construction project causes different types of risk associated with decision-making process, risk management system for global projects should be tailored to satisfy the specific needs of the particular phase. In this way, various risk management issues that arise through the entire life cycle of the project can be constantly checked and monitored. This study reviews basic decision-making processes in the global construction projects, and presents a framework for risk management of each process of a sequential decision. A fully integrated risk management system is also developed as a decision supporting tool, using key risk factors of each stage of a project.
UR - http://www.scopus.com/inward/record.url?scp=84861567551&partnerID=8YFLogxK
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U2 - 10.22260/isarc2006/0052
DO - 10.22260/isarc2006/0052
M3 - Conference contribution
AN - SCOPUS:84861567551
SN - 4990271718
SN - 9784990271718
T3 - 2006 Proceedings of the 23rd International Symposium on Robotics and Automation in Construction, ISARC 2006
SP - 269
EP - 274
BT - 2006 Proceedings of the 23rd International Symposium on Robotics and Automation in Construction, ISARC 2006
PB - Japan Robot Association
T2 - 23rd International Symposium on Robotics and Automation in Construction, ISARC 2006
Y2 - 3 October 2006 through 5 October 2006
ER -