• Journal of Construction Engineering and Project Management
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• v.6 no.2
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• pp.24-29
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• 2016

This paper elaborates the significance of scenario planning in risk management, and presents an integrated approach which takes into account the 'Risk Events' derived from scenario planning for risk prioritisation. This research integrates scenario planning with Risk Failure Mode and Effect Analysis (RFMEA) through examples from construction litigations of project schedule and cost overrun cases as a simplified approach to project risk management. The proposed methodology incorporates scenarios developed from realistic events of dispute and arbitration cases from construction projects, and thereby increasing potential to foresee risks and their effects well in advance. The results from this methodology shall be validated against outcome of survey study conducted by KPMG-PMI (2013) on project schedule and cost overruns that was based on Ministry of Statistics and Programme Implementation (MoSPI) Project Monitoring data for 2012-13.

• Journal of the Korea Safety Management & Science
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• v.17 no.3
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• pp.15-22
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• 2015

The risk assessment carried out on the construction site at the beginning of the implementation depends on the subjective judgment of risk of general contractor and subcontractors, whose opinion about frequency and intensity of risk is different. In this paper, research the awareness of general contractors and subcontractors about process of risk assessment at the construction site and its effectiveness. Researching of the main factors "frequency", "intensity" which determines the degree of risk gives the opportunity to find an option for improving the effective implementation of risk assessment.

• Korean Journal of Construction Engineering and Management
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• v.5 no.2 s.18
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• pp.136-143
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• 2004

This study presents a risk management methodology using fuzzy theory for early construction stage and is focused on risk identification and risk analysis. This study identifies various risk factors associated with activities clearly construction stage, then establishes the Risk Breakdown Structure(RBS) by classifying the risks into the three groups; Common risks, risks for Earth works, and risks for Foundation works. The risk analysis method presented in this study is based on the RBS that has two levels such as upper level and lower level. The risk exposure of lower level risk factors is assessed by fuzzy inference. The weight of risks is estimated by fuzzy measure. Then, the estimated risk exposures and weights are aggregated to assess the risk exposure of upper level risks by Choquet fuzzy integral. The risk exposure of upper level risks determine the priority of risk factors in view of risk management. This study performs case study to validate the proposed method. The result of case study shows that the methodology suggested in this thesis would be utilized well in evaluating risk exposure.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2022.04a
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• pp.206-207
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• 2022

Currently, safety accidents in construction area are managed regardless of the size. Therefore, the objective of this study is to conduct for developing the quantitative risk assessment according to large and small and medium-sized construction sites. The scope of this study is limited to the fall accidents which is the biggest accidents in the construction sites. the regression analysis was conducted based on the collected data. As a result, it was confirmed that there was a statistically significant difference between larce and small and medium-sized construction sites. This study is expected to be used as basic data for research on the development of a risk quantitative model for small and medium-sized construction sites in the future.

• Korean Journal of Construction Engineering and Management
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• v.6 no.4 s.26
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• pp.71-79
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• 2005

As construction projects have been extremely enormous, complex and special, risk factors have been increased consistently. Therefore, it is very important to identify and cope with the uncertain risk factors in such building constructions for successful project accomplishment. The purpose of this research is to approach practical affairs directly and show detail alternatives of risk factors by extracting the risk factors throughout construction process of curtain wall that is largely influenced on cost, quality, schedule ,safety and following activity. Also, extracting these risk factors make it possible to analyze quantitative risk and decide the priority raking of risk factors. Especially, this research is aimed to provide efficient management of scheduling risk that can make the risk minimize to practical workers who have different degree of knowledge and experience to the construction cite when the risk brings out suddenly.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.2
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• pp.309-315
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• 2021

Risks and uncertainty are unavoidable problems in management of projects. Therefore, project managers should not only prevent risks, but also have to respond and manage them. Risk management has become a critical interest subject in the construction industry for both practitioners and researchers. This paper presents critical risk factors of office building projects in the construction phase in Ho Chi Minh City, Vietnam. Data was collected through a questionnaire survey based on the likelihood and consequence level of risk factors. These factors fell into five groups: (i) financial risk factors; (ii) management risk factors; (iii) schedule risk factors; (iv) construction risk factors; and (v) environment risk factors. The research results showed that critical factors affecting office building projects are natural (i.e., prolonged rain, storms, climate effects) and human-made issues (i.e., soil instability, safety behaviors, owner's design change) and the schedule-related risk factors contributed to the most significant risks for office buildings projects in the construction phase in Ho Chi Minh City. They give construction management and project management practitioners a new perspective on risks and risk management of office buildings projects in Ho Chi Minh City and are proactive in the awareness, response, and management of risk factors comprehensively.

• Journal of the Korean Society of Safety
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• v.23 no.4
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• pp.72-78
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• 2008

In any form of construction work, it is essential that accidents be prevented at every stage from foundation preparation to build completion. For this, it is necessary to use models that can assess risk and provide instruction for safe work processes so that the risk of accidents is reduced. Currently, however, very few models can perform these tasks. In this paper, we presents a model that assesses risk quantitatively by analyzing risk factors involved in stage of construction such as foundation work, erection work, structural work, equipment work, finishing work and etc work. The model performs assessment based on examples of accidents and by investing actual conditions during construction. In addition, we presents in this paper a safety management system was developed to assess risk during construction and to effectively train laborers.

• Journal of the Korean Society of Systems Engineering
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• v.11 no.1
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• pp.9-24
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• 2015

Construction industry faces a lot of inherent uncertainties and issues and the construction phase of nuclear power project is not free from this risk. This paper investigates promising methodologies to be used on nuclear power plant (NPP) construction schedule delay risk assessment by using entry level systems engineering approach. This study contains how the initial concept for the risk assessment methodology has been developed. In this point of view, this work structured on three main phases: needs analysis (NA), concept exploration (CE), and concept definition (CD) through systems engineering (SE) approach. Traditionally, the SE process is applied to technical development programs but this study opens up a new avenue that SE can also be successfully applied to the development and optimization of the risk assessment model. This study provides a rational and systematic process for developing and selecting the best risk assessment model. This paper selects analytic hierarchy process (AHP) method to assess NPP construction schedule delay risk for international project. As conclusion, the proposed concept and selected method can discriminate successfully and clearly among schedule delay risk assessment methods.

• Korean Journal of Construction Engineering and Management
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• v.6 no.6 s.28
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• pp.81-89
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• 2005

Construction projects are characterized that exposed high risks so feel strongly necessity of actively risk management that manage the time of project. but recent generally time management tools are not satisfied sufficient supporting the risk identify and risk analysis. Therefore this study purposed development the time management model that in order to improve existing problem of time management model in construction project and developed model could perform practical risk management in construction field. The new time management model focused on the risk management will be able to conduct critical path management and risk critical path management simultaneously.

• Journal of The Korean Society of Agricultural Engineers
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• v.60 no.4
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• pp.15-25
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• 2018

The accident risk at the construction workplace associated with agricultural engineering is comparatively higher than those of other fields due mainly to its complex work types and processes. Agricultural engineering deals with a variety of agricultural infrastructures from irrigation and drainage facilities to giant-scale coastal reclamation land infrastructures. The characteristics that most agricultural projects have conducted on a small-scale even worsen the situation drawing low attentions to risk management. Therefore, systematical risk assessment that focuses on details of agricultural construction work process is required in order to enhance safety management capacity and to prevent repetitive accidents ultimately. This study aims to categorize construction work types and processes of agricultural construction works, and to quantitatively assess the accident risk of them based on accident analysis. Regarding classification of construction works, actual 827 accident cases were thoroughly reviewed and coded by their construction site, facility and work type, project scale and so on. Most accidents (71.8 % of total cases) occurred in small-scale construction workplaces with less than 5 billion Korean won project budget. And those accidents related to agricultural infrastructure project (37.4%) and agricultural water development project (22.4%). In terms of work types, accidents frequently took place in form-work followed by pipe installation work, steel bar work and concrete work. The potential risks were compared with actual outbreak of accidents based on Analytic Hierarchy Process (AHP). The results show that the potential conditions of accident expected to be took place is somewhat different from the actual conditions where accidents actually happened. This implicates that risk management manuals or education needs to be adjusted by reflecting unexpected circumstances. Overall, this study is meaningful in that the results could be foundations as to strengthen risk management capacity for agricultural engineering projects.