Financial Evaluation And Risk Management Of Infrastructure Projects

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Financial Evaluation and Risk Management of Infrastructure Projects

Petroutsatou, Kleopatra,Zopounidis, Constantin
Financial Evaluation and Risk Management of Infrastructure Projects Book PDF

Author : Petroutsatou, Kleopatra,Zopounidis, Constantin
Publisher : IGI Global
Page : 265 pages
File Size : 51,9 Mb
Release : 2023-11-07
Category : Business & Economics
ISBN : 9781668477878

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Financial Evaluation and Risk Management of Infrastructure Projects by Petroutsatou, Kleopatra,Zopounidis, Constantin Pdf

In light of the recent financial crisis in Europe and the increasing importance of sustainability in construction, insights and practical guidance for financial evaluation and risk management of infrastructure projects are extremely valuable for a well-planned future. It can make a massive difference in the outcomes of construction projects that have access to the "future economic benefits" approach to asset valuation as a correct asset management accounting to prevent over and underestimation of investments and repair debt. The Financial Evaluation and Risk Management of Infrastructure Projects is a comprehensive guide for professionals and students in the fields of construction and investment, as well as financial and investment institutions. It emphasizes the importance the life cycle cost of infrastructure projects and cost-benefit analysis in optimizing investments, as well as highlighting the need for cost-effective and sustainable infrastructure projects that incorporate "value for money" construction solutions while considering all risks involved. This book is ideal for professionals in construction, investment institutions, and financial and investment institutions, as well as for students in construction and investments. With the recent financial crisis in Europe and the growing focus on sustainability in construction, this guide offers practical insights and guidance for financial evaluation and risk management of infrastructure projects.

RAMP - Risk Analysis and Management for Projects

Institution of Civil Engineers (Great Britain),Institute of Actuaries (Great Britain)
RAMP Risk Analysis and Management for Projects Book PDF

Author : Institution of Civil Engineers (Great Britain),Institute of Actuaries (Great Britain)
Publisher : Thomas Telford
Page : 150 pages
File Size : 53,8 Mb
Release : 2005
Category : Capital investments
ISBN : 0727733907

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RAMP - Risk Analysis and Management for Projects by Institution of Civil Engineers (Great Britain),Institute of Actuaries (Great Britain) Pdf

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.

RAMP

Institution of Civil Engineers (Great Britain)
RAMP Book PDF

Author : Institution of Civil Engineers (Great Britain)
Publisher : Thomas Telford Publishing
Page : 116 pages
File Size : 55,9 Mb
Release : 1998
Category : Business & Economics
ISBN : STANFORD:36105021669861

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RAMP by Institution of Civil Engineers (Great Britain) Pdf

Providing a system of risk analysis and whole-life costing on engineering projects, this manual explores the framework of judgement for risk management which aims to strike a balance between qualitative and quantitative analysis.

Managing Risk

Nigel J. Smith,Tony Merna,Paul Jobling
Managing Risk Book PDF

Author : Nigel J. Smith,Tony Merna,Paul Jobling
Publisher : John Wiley & Sons
Page : 256 pages
File Size : 46,5 Mb
Release : 2009-02-18
Category : Technology & Engineering
ISBN : 9781405172745

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

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.'

Critical risks in large construction projects and their consideration in cost estimation

Martin Henschelchen
Critical risks in large construction projects and their consideration in cost estimation Book PDF

Author : Martin Henschelchen
Publisher : GRIN Verlag
Page : 9 pages
File Size : 53,7 Mb
Release : 2022-05-24
Category : Business & Economics
ISBN : 9783346649782

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Critical risks in large construction projects and their consideration in cost estimation by Martin Henschelchen Pdf

Seminar paper from the year 2022 in the subject Business economics - Investment and Finance, grade: 1,5, University of Western Sydney, course: Financial Management of Projects, language: English, abstract: Early cost estimating has often become a major challenge in large projects. Budget overruns occur time and again, which leads regularly to conflicts between investors, project teams, contractors, and other stakeholders. The cause for these are several factors such as inadequate consideration of project risks, insufficient project information and an unclear project scope, or unforeseen project complexities. The following literature review, therefore, observes the risk identification of major construction and infrastructure projects as one of the major reasons for cost overruns. This review aims to deliver an overview of the different approaches to the identification of risks during the early stage of large projects. In this context, however, no rigid definition of the term "major project" has yet emerged. There is no fixed rule when a project is a major project and should be organized likewise. A major project is characterized by the fact that it differs from the client's usual projects in terms of its planning and implementation duration, its complexity, the large number of participants, or its high social significance. In contrast to small and medium-sized construction projects, where routine can be applied, extensive infrastructure and construction projects are often a multitude of different tasks with several interconnections and interfaces. They often require more complicated organizational structures, and accordingly many risk management requirements. Whether a project is considered a major project depends on the specific individual case. In these projects, decision-makers often rely on intuition, judgment, and their personal experiences to conduct risk assessments and cost estimates. Although various risk assessment models have been developed in recent years, the lack of precise and general data to examine risk effects usually leads to inconsistencies and inaccuracies in risk assessment. This often results in significant budget overruns for large construction and infrastructure projects.

Project Finance

B Rajesh Kumar
Project Finance Book PDF

Author : B Rajesh Kumar
Publisher : Springer Nature
Page : 321 pages
File Size : 52,6 Mb
Release : 2022-05-03
Category : Business & Economics
ISBN : 9783030967253

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Project Finance by B Rajesh Kumar Pdf

Large projects are defining moments for companies and countries. When large projects succeed, they can dramatically improve the social and economic conditions in a region. This book focuses on major aspects of the world’s largest infrastructural, industrial and public service projects through the lens of structuring, valuing, managing risk and financing projects. The book analyses and discuss large projects in government, private and public and private partnership. The author sheds light into the attributes of project finance which have unique structural elements. The book focuses on case studies related to 50 mega projects which includes infrastructural projects, energy related projects, industrial projects, roads, ports and bridges among others. This book covers both the theoretical aspects of financing of mega projects and the practical applications by including case studies of the world’s largest projects in terms of value.

Risk Management in Engineering and Construction

Stephen Ogunlana,Prasanta Kumar Dey
Risk Management in Engineering and Construction Book PDF

Author : Stephen Ogunlana,Prasanta Kumar Dey
Publisher : Routledge
Page : 709 pages
File Size : 49,5 Mb
Release : 2019-09-09
Category : Technology & Engineering
ISBN : 9781134019281

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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.

Engineering Construction Risks

Peter Allan Thompson,John G. Perry
Engineering Construction Risks Book PDF

Author : Peter Allan Thompson,John G. Perry
Publisher : Thomas Telford
Page : 86 pages
File Size : 46,8 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...

Issues on Risk Analysis for Critical Infrastructure Protection

Vittorio Rosato,Antonio Di Pietro
Issues on Risk Analysis for Critical Infrastructure Protection Book PDF

Author : Vittorio Rosato,Antonio Di Pietro
Publisher : BoD – Books on Demand
Page : 256 pages
File Size : 51,5 Mb
Release : 2021-07-07
Category : Science
ISBN : 9781839626203

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Issues on Risk Analysis for Critical Infrastructure Protection by Vittorio Rosato,Antonio Di Pietro Pdf

Critical infrastructure provides essential services to citizens. The mutual dependencies of services between systems form a complex “system of systems” with a large perturbation surface, prone to be damaged by natural and anthropic events. Their intrinsic and extrinsic vulnerabilities could be overcome by providing them adaptive properties to allow fast and effective recovery from loss of functionality. Resilience is thus the key issue, and its enhancement, at the systemic level, is a priority goal to be achieved. This volume reviews recent insights into the different domains (resilience-enhancing strategies, impact and threats knowledge, and dependency-related issues) and proposes new strategies for better critical infrastructure protection.

RAMP

Institution of Civil Engineers (Great Britain),Institute of Actuaries (Great Britain)
RAMP Book PDF

Author : Institution of Civil Engineers (Great Britain),Institute of Actuaries (Great Britain)
Publisher : Inst of Civil Engineers Pub
Page : 125 pages
File Size : 54,9 Mb
Release : 2002-01-01
Category : Reference
ISBN : 0727732005

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RAMP by Institution of Civil Engineers (Great Britain),Institute of Actuaries (Great Britain) Pdf

Developed for the purpose of evaluating and controlling risk in major projects. This book demonstrates how to identify, analyse and mitigate risks and how to place financial values on them. It details a rigorous approach to risk management that can be applied to various types and stages of investments.

Risk Management for Design and Construction

Ovidiu Cretu,Robert B. Stewart,Terry Berends
Risk Management for Design and Construction Book PDF

Author : Ovidiu Cretu,Robert B. Stewart,Terry Berends
Publisher : John Wiley & Sons
Page : 288 pages
File Size : 50,6 Mb
Release : 2011-06-15
Category : Technology & Engineering
ISBN : 9780470635384

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Risk Management for Design and Construction by Ovidiu Cretu,Robert B. Stewart,Terry Berends Pdf

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

Risk Management in Projects

Martin Loosemore,John Raftery,Charles Reilly,David Higgon
Risk Management in Projects Book PDF

Author : Martin Loosemore,John Raftery,Charles Reilly,David Higgon
Publisher : Taylor & Francis
Page : 288 pages
File Size : 40,8 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.

Risk Management in Project Organisations

Peter Edwards,Paul Bowen
Risk Management in Project Organisations Book PDF

Author : Peter Edwards,Paul Bowen
Publisher : Routledge
Page : 198 pages
File Size : 53,7 Mb
Release : 2013-10-11
Category : Business & Economics
ISBN : 9781135392420

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Risk Management in Project Organisations by Peter Edwards,Paul Bowen Pdf

This book enhances the reader's understanding of the nature and presence of risk by raising the organisation's awareness of the risks it faces, and formalising the systems needed to deal with and learn from those risks. While based on the experience of the construction industry, the book also acts as a broader project management text, meeting the needs of project managers and students in many disciplines and professions from architecture and construction through engineering and commerce to IT, finance and banking. Essential for anyone studying or involved in organisational decision-making for projects, this book will help readers to develop confidence in dealing with risk in a systmatic manner.

Project Portfolios in Dynamic Environments

Brian Hobbs,Yvan Petit, PMP
Project Portfolios in Dynamic Environments Book PDF

Author : Brian Hobbs,Yvan Petit, PMP
Publisher : Project Management Institute
Page : 238 pages
File Size : 51,8 Mb
Release : 2012-05-01
Category : Business & Economics
ISBN : 9781628250121

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Project Portfolios in Dynamic Environments by Brian Hobbs,Yvan Petit, PMP Pdf

Project Portfolios in Dynamic Environments: Organizing for Uncertainty is a comprehensive report of research that addresses this important, rising issue. Authors Yvan Petit and Brian Hobbs present the results of their investigation in a report that significantly advances the theory and also offers tips for practice. Currently, those applying project portfolio management tend to focus on the selection, prioritization, and strategic alignment of projects. Little attention is afforded the potential disturbances to project portfolios such as new projects, terminated projects, delayed projects, incorrect planning due to high uncertainty, and changes in the external environment. Yet, these factors can have highly disruptive, even show-stopping influence. This research seeks to answer: How is uncertainty affecting project portfolios managed in dynamic environments?

Financial Risk Analysis of Infrastructure Debt

C Vaughan Jones
Financial Risk Analysis of Infrastructure Debt Book PDF

Author : C Vaughan Jones
Publisher : Bloomsbury Publishing USA
Page : 185 pages
File Size : 43,6 Mb
Release : 1991-02-11
Category : Business & Economics
ISBN : 9780313368714

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Financial Risk Analysis of Infrastructure Debt by C Vaughan Jones Pdf

The water and power industries, including the most capital-intensive producers of goods and services in our economy, are exposed to financial risks of staggering proportions. With projects that are routinely large and require long-term planning, and with demand and supply often highly volatile, costs regularly defy prediction. Still, there has been little explicit analysis of financial risk in the water and power industries. In this work, C. Vaughan Jones provides a comprehensive discussion of financial risk and risk analysis for these utilities. Writing in clear, straightforward language, he explores the application of risk analysis to construction projects, rate-setting and price effects, and customer characteristics. In developing a method for evaluating risk, Jones brings together material from business, engineering, economics, demography, probability theory, computer simulation, and policy studies. The materials are organized around risk factors affecting costs and revenues, and support a practical analysis with spreadsheet and simulation examples. Separate chapters present findings relating to the variability of construction costs, customer demand, and population growth. Together with qualitative information about risks, these chapters offer suggestions about quantitative representation of relevant patterns of variability of key risk sources. The techniques are integrated in simulation models dealing with contract risk, the evaluation of sinking funds and amortization schedules, and long-run capacity planning. The concluding chapters summarize major findings, consider issues of reliability and validation, and discuss the way in which this analysis can be applied to a variety of infrastructure investments. Finance and investment professionals and students in business and finance studies will find this work to be a useful reference tool. For public and academic libraries, it will represent a valuable addition to their collections.