Quantitative Risk Management and Decision Making in Construction

Quantitative Risk Management and Decision Making in Construction PDF 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.

Quantitative Risk Management and Decision Making in Construction

Quantitative Risk Management and Decision Making in Construction PDF 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.

Construction Risk Management Decision Making

Construction Risk Management Decision Making PDF Author: Alex C. Arthur
Publisher: John Wiley & Sons
ISBN: 1119693004
Category : Technology & Engineering
Languages : en
Pages : 436

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Book Description
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.

Construction Risk Management Decision Making

Construction Risk Management Decision Making PDF Author: Alex C. Arthur
Publisher: John Wiley & Sons
ISBN: 1119693020
Category : Technology & Engineering
Languages : en
Pages : 436

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Book Description
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.

Managing Risk in Construction Projects

Managing Risk in Construction Projects PDF Author: Nigel J. Smith
Publisher: John Wiley & Sons
ISBN: 1118347234
Category : Technology & Engineering
Languages : en
Pages : 263

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Book Description
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.

Decision Making in Risk Management

Decision Making in Risk Management PDF Author: Christopher O. Cox
Publisher: CRC Press
ISBN: 1000416143
Category : Technology & Engineering
Languages : en
Pages : 125

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Book Description
Identifies the quantitative measures to assess behavior induced risks Presents a framework to limit the interpersonal tension of addressing behavioral risks Offers an empirical case study in the oil and gas domain demonstrating use of the framework Addresses the missing dimension of behavior-centric intangible risk factors in current risk identification and management processes Provides a systematic analytical approach to mitigate subjectivity when addressing behavioral risks in projects

Megaproject Risk Analysis and Simulation

Megaproject Risk Analysis and Simulation PDF Author: Prince Boateng
Publisher: Emerald Group Publishing
ISBN: 1787143015
Category : Business & Economics
Languages : en
Pages : 360

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Book Description
Providing new knowledge on risk analysis and simulation for megaprojects, this book is essential reading for both academics and practitioners. Its focus is on technical descriptions of a newly developed dynamic systems approach to megaproject risk analysis and simulation.

Real-Time and Deliberative Decision Making

Real-Time and Deliberative Decision Making PDF Author: Igor Linkov
Publisher: Springer Science & Business Media
ISBN: 1402090269
Category : Technology & Engineering
Languages : en
Pages : 452

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Book Description
Decision-making tools are needed to support environmental management in an increasingly global economy. Addressing threats and identifying actions to mitigate those threats necessitates an understanding of the basic risk assessment paradigm and the tools of risk analysis to assess, interpret, and communicate risks. It also requires modification of the risk paradigm itself to incorporate a complex array of quantitative and qualitative information that shapes the unique political and ecological challenges of different countries and regions around the world. This book builds a foundation to characterize and assess a broad range of human and ecological stressors, and risk management approaches to address those stressors, using chemical risk assessment methods and multi-criteria decision analysis tools. Chapters discuss the current state-of-knowledge with regard to emerging stressors and risk management, focusing on the adequacy of available systematic, quantitative tools to guide vulnerability and threat assessments, evaluate the consequences of different events and responses, and support decision-making. This book opens a dialogue on aspects of risk assessment and decision analysis that apply to real-time (immediate) and deliberative (long-term) risk management processes.

Engineering Decision Making and Risk Management

Engineering Decision Making and Risk Management PDF Author: Jeffrey W. Herrmann
Publisher: John Wiley & Sons
ISBN: 1118919335
Category : Business & Economics
Languages : en
Pages : 355

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Book Description
IIE/Joint Publishers Book of the Year Award 2016! Awarded for ‘an outstanding published book that focuses on a facet of industrial engineering, improves education, or furthers the profession’. Engineering Decision Making and Risk Management emphasizes practical issues and examples of decision making with applications in engineering design and management Featuring a blend of theoretical and analytical aspects, this book presents multiple perspectives on decision making to better understand and improve risk management processes and decision-making systems. Engineering Decision Making and Risk Management uniquely presents and discusses three perspectives on decision making: problem solving, the decision-making process, and decision-making systems. The author highlights formal techniques for group decision making and game theory and includes numerical examples to compare and contrast different quantitative techniques. The importance of initially selecting the most appropriate decision-making process is emphasized through practical examples and applications that illustrate a variety of useful processes. Presenting an approach for modeling and improving decision-making systems, Engineering Decision Making and Risk Management also features: Theoretically sound and practical tools for decision making under uncertainty, multi-criteria decision making, group decision making, the value of information, and risk management Practical examples from both historical and current events that illustrate both good and bad decision making and risk management processes End-of-chapter exercises for readers to apply specific learning objectives and practice relevant skills A supplementary website with instructional support material, including worked solutions to the exercises, lesson plans, in-class activities, slides, and spreadsheets An excellent textbook for upper-undergraduate and graduate students, Engineering Decision Making and Risk Management is appropriate for courses on decision analysis, decision making, and risk management within the fields of engineering design, operations research, business and management science, and industrial and systems engineering. The book is also an ideal reference for academics and practitioners in business and management science, operations research, engineering design, systems engineering, applied mathematics, and statistics.

Risk Management in Projects

Risk Management in Projects PDF Author: Martin Loosemore
Publisher: Taylor & Francis
ISBN: 9780415260558
Category : Architecture
Languages : en
Pages : 296

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Book Description
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.

Risk Management in Projects

Risk Management in Projects PDF Author: Martin Loosemore
Publisher: Taylor & Francis
ISBN: 1134509227
Category : Architecture
Languages : en
Pages : 288

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Book Description
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.