Masoud Fazli; Ali Fallah; Amir KHakbaz
Abstract
Nowadays, risk management is a good way to deal with the risks that may occur in a project. In risk response analysis, risks are often assumed to be interdependent. In fact, the risks affect each other in project. Implementing and managing various projects, including construction projects, has a lot ...
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Nowadays, risk management is a good way to deal with the risks that may occur in a project. In risk response analysis, risks are often assumed to be interdependent. In fact, the risks affect each other in project. Implementing and managing various projects, including construction projects, has a lot of ambiguous cases. Such cases, called uncertainty, change the outcome sometimes better, and sometimes worse than anticipated. Complexity, challenge and uncertainty are more common in building projects with different interactions between the pillars inside and outside it. Therefore, in order to realize the quantitative and qualitative goals of these projects, it is necessary to use a framework for identifying risks, monitoring and controlling them in relation to the activities and complexity of their communications .In this article, first we consider a construction project and then, with experts' opinions and a brain storm meeting, we identified the risks involved, then, according to experts, we determined the strategy for each risk. Finally, we have used an optimal model for choosing risk response strategies with respect to the risks’ interdependence. The main finding through the analysis of the project is that the low attention or neglect of the interdependence of risk, reduces the expected utility and increases the implementation
Hiwa Farughi; Seiran Alaniazar; Seyedhamed Mousavipour; Vahed Moradi
Abstract
Nowadays, most of developed and developing countries, because of both limited resources and growing competitive markets, looking for to diagnose the causes of projects delay and are trying to develop solutions for decreasing amount of delay in next projects. In this paper initially notions related to ...
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Nowadays, most of developed and developing countries, because of both limited resources and growing competitive markets, looking for to diagnose the causes of projects delay and are trying to develop solutions for decreasing amount of delay in next projects. In this paper initially notions related to delay, project risk management, Failure Mode Effects and Analysis (FMEA) method have been reviewed and also construction projects of Kurdistan state organization of schools renovation have been examined. Then a framework based on Fuzzy FMEA and AHP model have been proposed in order to recognize the most important risks and determining the amount of effects of these risks on main objective of projects (i.e. time, cost and quality) and estimating their occurrence probabilities. Meanwhile along with calculating importance coefficient of factors, some ideas to prevent or decrease consequences of these factors have been recommended
