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Author: Stephen Ogunlana
Publisher: Routledge
ISBN: 1134019297
Category : Technology & Engineering
Languages : en
Pages : 475
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Book Description
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: Stephen Ogunlana
Publisher: Routledge
ISBN: 1134019297
Category : Technology & Engineering
Languages : en
Pages : 475
Get Book Here
Book Description
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: Peter Allan Thompson
Publisher: Thomas Telford
ISBN: 9780727716651
Category : Business & Economics
Languages : en
Pages : 86
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Book Description
Risk analysis and management - an overview. When to apply risk management. Quantitative techniques for project risk analysis. Risk in estimating. Contract stategy...
Author: Ivan Damnjanovic
Publisher: Springer
ISBN: 3030142515
Category : Technology & Engineering
Languages : en
Pages : 382
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Book Description
This book provides a step-by-step guidance on how to implement analytical methods in project risk management. The text focuses on engineering design and construction projects and as such is suitable for graduate students in engineering, construction, or project management, as well as practitioners aiming to develop, improve, and/or simplify corporate project management processes. The book places emphasis on building data-driven models for additive-incremental risks, where data can be collected on project sites, assembled from queries of corporate databases, and/or generated using procedures for eliciting experts’ judgments. While the presented models are mathematically inspired, they are nothing beyond what an engineering graduate is expected to know: some algebra, a little calculus, a little statistics, and, especially, undergraduate-level understanding of the probability theory. The book is organized in three parts and fourteen chapters. In Part I the authors provide the general introduction to risk and uncertainty analysis applied to engineering construction projects. The basic formulations and the methods for risk assessment used during project planning phase are discussed in Part II, while in Part III the authors present the methods for monitoring and (re)assessment of risks during project execution.
Author: Amarjit Singh
Publisher: ASCE Press
ISBN: 9780784414637
Category : Construction industry
Languages : en
Pages : 0
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Book Description
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: Nolberto Munier
Publisher: Springer Science & Business
ISBN: 3319052519
Category : Technology & Engineering
Languages : en
Pages : 227
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Book Description
Covers the entire process of risk management by providing methodologies for determining the sources of engineering project risk, and once threats have been identified, managing them through: identification and assessment (probability, relative importance, variables, risk breakdown structure, etc.); implementation of measures for their prevention, reduction or mitigation; evaluation of impacts and quantification of risks and establishment of control measures. It also considers sensitivity analysis to determine the influence of uncertain parameters values on different project results, such as completion time, total costs, etc. Case studies and examples across a wide spectrum of engineering projects discuss such diverse factors as: safety; environmental impacts; societal reactions; time and cost overruns; quality control; legal issues; financial considerations; and political risk, making this suitable for undergraduates and graduates in grasping the fundamentals of risk management.
Author: John A. Hudson
Publisher: CRC Press
ISBN: 1315738570
Category : Technology & Engineering
Languages : en
Pages : 596
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Book Description
This book provides a new, necessary and valuable approach to the consideration of risk in underground engineering projects constructed within rock masses. There are Chapters on uncertainty and risk, rock engineering systems, rock fractures and rock stress, the design of a repository for radioactive waste, plus two major case examples relating to th
Author: Robb Eric S. Moss
Publisher: Springer
ISBN: 3030226808
Category : Technology & Engineering
Languages : en
Pages : 183
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Book Description
This updated edition retains its introduction to applied fundamental statistics, probability, reliability, and decision theory as these pertain to problems in Civil Engineering. The new edition adds an expanded treatment of systems reliability, Bayesian methods, and spatial variabililty, along with additional example problems throughout. The book provides readers with the tools needed to determine the probability of failure, and when multiplied by the consequences of failure, illustrates how to assess the risk of civil engineering problems. Presenting methods for quantifying uncertainty that exists in engineering analysis and design, with an emphasis on fostering more accurate analysis and design, the text is ideal for students and practitioners of a range of civil engineering disciplines. Expands on the class-tested pedagogy from the first edition with more material and more examples; Broadens understanding with simulations coded both in Matlab and in R; Features new chapters on spatial variability and Bayesian methods; Emphasizes techniques for estimating the influence of uncertainty on the probability of failure
Author: Vijay P. Singh
Publisher: Amer Society of Civil Engineers
ISBN: 9780784408919
Category : Technology & Engineering
Languages : en
Pages : 785
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Book Description
Singh, Jain, and Tyagi present the key concepts of risk and reliability that apply to a wide array of problems in civil and environmental engineering.
Author: Lev Virine
Publisher: Imperial College Press
ISBN: 9814759392
Category : Business & Economics
Languages : en
Pages : 283
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Book Description
Project management is the art of analyzing and managing risks. Without risk, there is little need for project management. Project Risk Analysis Made Ridiculously Simple offers a step-by-step guide on how to perform project risk analysis and risk management for a wide range of readers: students, project schedulers not exposed to project risk analysis before, and to project risk experts. With this book, you will learn how to:Easily recognizable real-life stories and projects provide a compelling narrative while imparting valuable information on both the theory and practice of project risk management. You will not only understand why project risk management is important to the success of their projects, but you will also know how it can be implemented in your organization and the appropriate tools to use.
Author: Michael F. Dallas
Publisher: John Wiley & Sons
ISBN: 0470759429
Category : Technology & Engineering
Languages : en
Pages : 400
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Book Description
Published on behalf of the Chartered Institute of Building and endorsed by a range of construction industry institutes, this book explains the underlying concepts of value and risk, and how they relate to one another. It describes the different issues to be addressed in a variety of circumstances and at all stages of a project's life and reviews a number of commonly used and effective techniques, showing how these may be adapted to suit individuals' styles and circumstances. * Published on behalf of the Chartered Institute of Building with cross-industry institutional support * Combines value and risk management which are often considered, wrongly, in isolation * Makes a complicated subject accessible to a wide audience of construction practitioners * Features checklists and proformas to aid implementation of best practice * Author has extensive practical experience of the subject
