Construction Risk Management Decision Making

Author : Alex C. Arthur
Publisher : John Wiley & Sons
Page : 436 pages
File Size : 50,5 Mb
Release : 2021-12-01
Category : Technology & Engineering
ISBN : 9781119693024

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Construction Risk Management Decision Making by Alex C. Arthur Pdf

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.

Author : Nigel J. Smith,Tony Merna,Paul Jobling
Publisher : John Wiley & Sons
Page : 263 pages
File Size : 43,7 Mb
Release : 2014-02-03
Category : Technology & Engineering
ISBN : 9781118347232

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Managing Risk in Construction Projects by Nigel J. Smith,Tony Merna,Paul Jobling Pdf

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.

Author : Martin Loosemore,John Raftery,Charles Reilly,David Higgon
Publisher : Taylor & Francis
Page : 288 pages
File Size : 46,5 Mb
Release : 2012-09-10
Category : Architecture
ISBN : 9781134509225

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Risk Management in Projects by Martin Loosemore,John Raftery,Charles Reilly,David Higgon Pdf

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.

Author : Amarjit Singh
Publisher : ASCE Press
Page : 0 pages
File Size : 52,6 Mb
Release : 2017
Category : Construction industry
ISBN : 0784414637

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Quantitative Risk Management and Decision Making in Construction by Amarjit Singh Pdf

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.

Author : Alex C. Arthur
Publisher : John Wiley & Sons
Page : 436 pages
File Size : 42,8 Mb
Release : 2021-12-13
Category : Technology & Engineering
ISBN : 9781119693000

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Construction Risk Management Decision Making by Alex C. Arthur Pdf

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.

Author : Melvin W. Lifson,Edward F. Shaifer
Publisher : John Wiley & Sons
Page : 248 pages
File Size : 40,9 Mb
Release : 1982
Category : Business & Economics
ISBN : UOM:39015000453905

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Decision and Risk Analysis for Construction Management by Melvin W. Lifson,Edward F. Shaifer Pdf

Author : Martin Loosemore
Publisher : Taylor & Francis
Page : 296 pages
File Size : 46,8 Mb
Release : 2006
Category : Architecture
ISBN : 0415260558

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Risk Management in Projects by Martin Loosemore Pdf

This expanded new edition covers the entire risk management process to give a full presentation of how risk is perceived by the public. It demystifies risk management, examining the subject in simple and practical terms, with no technical jargon.

Author : Glenn Koller
Publisher : CRC Press
Page : 352 pages
File Size : 54,5 Mb
Release : 2005-03-30
Category : Business & Economics
ISBN : 9781420035056

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Risk Assessment and Decision Making in Business and Industry by Glenn Koller Pdf

Building upon the technical and organizational groundwork presented in the first edition, Risk Assessment and Decision Making in Business and Industry: A Practical Guide, Second Edition addresses the many aspects of risk/uncertainty (R/U) process implementation. This comprehensive volume covers four broad aspects of R/U: general concepts, i

Author : Stephen Ogunlana,Prasanta Kumar Dey
Publisher : Routledge
Page : 458 pages
File Size : 43,8 Mb
Release : 2019-09-09
Category : Technology & Engineering
ISBN : 9781134019298

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Risk Management in Engineering and Construction by Stephen Ogunlana,Prasanta Kumar Dey Pdf

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.

Author : Roger Flanagan,George Norman
Publisher : Wiley-Blackwell
Page : 228 pages
File Size : 50,5 Mb
Release : 1993-08-20
Category : Technology & Engineering
ISBN : 0632028165

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Risk Management and Construction by Roger Flanagan,George Norman Pdf

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.

Author : Martin Loosemore,John Raftery,Charles Reilly,David Higgon
Publisher : Routledge
Page : 292 pages
File Size : 48,8 Mb
Release : 2012-09-10
Category : Architecture
ISBN : 9781134509218

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Risk Management in Projects by Martin Loosemore,John Raftery,Charles Reilly,David Higgon Pdf

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.

Author : Christopher O. Cox
Publisher : CRC Press
Page : 115 pages
File Size : 44,9 Mb
Release : 2021-07-26
Category : Technology & Engineering
ISBN : 9781000416107

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Decision Making in Risk Management by Christopher O. Cox Pdf

Project risk management is regarded as a necessary dimension of effective project delivery. Current practices tend to focus on tangible issues such as late delivery of equipment or the implications of technology. This book introduces a framework to identify emergent behavior-centric intangible risks and the conditions that initiate them. Decision Making in Risk Management: Quantifying Intangible Risk Factors in Projects identifies the quantitative measures to assess behavior-induced risks by presenting a framework that limits the interpersonal tension of addressing behavioral risks. Included in the book is an illustrative case study from the oil and gas sector that demonstrates the use of the framework. The missing dimension of behavior-centric intangible risk factors in current risk identification is explored. The book goes on to cover management processes, providing a systematic analytical approach to mitigate subjectivity when addressing behavioral risks in projects. This book is useful to those working in the fields of Project Management, Systems Engineering, Risk Management, and Behavioral Science.

Author : Peter Allan Thompson,John G. Perry
Publisher : Thomas Telford
Page : 86 pages
File Size : 51,6 Mb
Release : 1992
Category : Business & Economics
ISBN : 0727716654

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Engineering Construction Risks by Peter Allan Thompson,John G. Perry Pdf

Risk analysis and management - an overview. When to apply risk management. Quantitative techniques for project risk analysis. Risk in estimating. Contract stategy...

Author : Ali D. Haidar
Publisher : Springer
Page : 183 pages
File Size : 52,5 Mb
Release : 2015-09-12
Category : Business & Economics
ISBN : 9783319207742

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Construction Program Management – Decision Making and Optimization Techniques by Ali D. Haidar Pdf

Exploring complex and intelligent analytical and mathematical methods, this book examines how different approaches can be used to optimize program management in the construction industry. It presents an in-depth study of the different program management methods, ranging from simple decision-making techniques and statistics analysis to the more complex linear programming and demonstrates how knowledge-base systems and genetic algorithms can be used to optimize resources and meet time, budget and quality criteria. It addresses topics including decision-making principles, planning and scheduling, mathematical forecasting models, optimization techniques programming and artificial intelligence techniques. Providing a valuable resource for anyone managing multiple projects in the construction industry, this book is intended for civil and construction engineering students, project managers, construction managers and senior engineers.

Author : Nigel J. Smith
Publisher : Thomas Telford
Page : 156 pages
File Size : 42,5 Mb
Release : 2003-11-28
Category : Business & Economics
ISBN : 0727731858

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Appraisal, Risk and Uncertainty by Nigel J. Smith Pdf

Projects need to achieve strategic goals and to that end must work in different levels of uncertainty. Engineers must be aware of methods to operate in ambiguous situations. This book offers one of the first integrated approaches to these three topics based on the views of experts in these disciplines.