• Journal of Construction Engineering and Project Management
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• 제1권2호
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• pp.28-36
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• 2011

Risk management is popularly and widely used in various industries to handle uncertainty that can negatively affect their businesses. While in the current Information-Technology oriented age, software packages are designed to assist in carrying out risk management processes, the construction industry does not seem to have software that is tuned to its specific characteristics and processes. Therefore, this study first explores the types of software that are commonly used for risk management in the Singapore construction industry. Also, using one-sample t-test, it is tested if the software programs used in the construction industry have effectively catered the needs of the users. For the analysis, a survey questionnaire was developed and the representatives from 34 companies participated in the survey. Furthermore, this study also makes use of the current risk management framework defined in ISO31000 to design a risk management software algorithm that can suit the needs for the Singapore construction industry. The results from this study will contribute to identifying strategic areas, in terms of use of risk management software, on which the industry needs to focus, ultimately enhancing their performance of risk management.

• The Journal of Asian Finance, Economics and Business
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• 제8권2호
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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.

• 산업경영시스템학회지
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• 제46권3호
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• pp.221-230
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• 2023

Under increased complexity and uncertainty of overseas construction projects, it is important for construction companies to improve their own project risk management capabilities instead of risk-taking strategies to secure competitiveness in the overseas construction market. Although most of the risks occur in project execution stage, many previous studies focused on planning stage including risk identification and analysis among PRM process. Therefore, this study aims to verify the effectiveness of whole PRM process during project execution stage through empirical study on participants of overseas construction projects. As the result it was found that first, the factor directly affects the project success is the execution process of PRM. It implies that appropriate actions such as appointing charged manager for risks, timely implementation of responding plan, continuous risk monitoring and updating established plan are the key for contribution to the project success. Second, the importance of communication in PRM is also found, which is not conducted at a specific but throughout the entire PRM process and need to be managed as essential factor for successful PRM..

• 플랜트 저널
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• 제6권1호
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• pp.64-70
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• 2010

From 2000, the world plant market, especially plant developing business related to oil and gas, has been increasing. Domestic construction companies advance to overseas plant construction market actively, and proportioning to this, an importance of utility construction is increasing. However, the project becomes large and high-tech, and many companies experience difficulty of project management due to relatively high risk of overseas construction. In this study, we built the standard process with which domestic company can evaluate the risk of overseas plant utility construction. Primary factors for risk evaluation is derived, classification system is made out, primary factor is analyzed, and counter plan is suggested. And thorough management of risk is performed by risk management organization that manages the risks, risk control methods, reports and monitors through risk sheet and risk action log from the start of project to the end.

• 대한토목학회논문집
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• 제30권4D호
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• pp.423-432
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• 2010

본 연구에서는 공사기획단계와 시공단계에서 공사의 성공적 이행을 보장하기 위해 기존의 리스크관리 프로세스를 살펴보고 이에 적합한 새로운 리스크분석 모델인 CRMS를 제시한다. CRMS는 시공자가 건설공사의 이행중 리스크를 확인하고, 분석하고, 관리해 가기 위한 리스크관리절차이다. 이것은 시공자가 인지한 리스크를 정량화하고 이에 적절한 리스크관리 방안을 수립하는데 큰 도움을 줄 수 있다. 특히 건설공사의 리스크관리 중 가장 중요하고 어려운 부문이 리스크를 인지하는 것으로 볼 수 있다. 따라서 본 연구에서는 건설공사의 리스크인지를 쉽게 할 수 있는 절차의 개발에 좀 더 집중하였다. 리스크의 확인은 프로젝트의 외적 리스크와 내적 리스크로 구분한다. 글로벌 리스크의 경우 확인을 용이하게 하기 위해 분석에 필요한 목록을 제시하고, 아울러 RBS의 구축방법과 WBS와의 연계방안을 제시하였다. 이러한 연구결과는 리스크관리용 전산시스템을 개발하기 위한 기초자료로 활용되게 될 것이다.

• 국제학술발표논문집
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• The 1th International Conference on Construction Engineering and Project Management
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• pp.341-346
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• 2005

After the IMF shock, some major construction companies in Korea have been motivated to avoid and mitigate various risk factors which could be critical and catastrophic events to corporate revenue and organization internally or externally. It means that they are trying to introduce and set up a risk management plan and system suitable to their organization and culture. L construction co. ltd. is one of major construction companies that have been searching methodologies or technologies to manage various risk factors surrounding corporate marketing and project operation. This paper presents an unique approach to develop a model of risk management plan and system suitable to L construction itself focused on the construction phase.

• 국제학술발표논문집
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• The 5th International Conference on Construction Engineering and Project Management
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• pp.451-458
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• 2013

This research documents the initial findings and recommendations for developing a risk management tool to assess and quantify the risks associated with the construction of the next generation of nuclear power plants. The proposed tool builds upon the Construction Industry Institute's International Project Risk Assessment (IPRA) Best Practice. This paper provides an overview of the investigation to assess the unique risk elements pertaining to nuclear power plant construction and documents the preliminary findings from historical project performance data to better understand the function and use of the IPRA's Relative Impact value.

• 품질경영학회지
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• 제50권1호
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• pp.63-76
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• 2022

Purpose: The purpose of this study is to analyze the effects of risk perception and opportunistic behavior on project performance and the moderating effect of cooperation in this relationship through literature review to identify factors affecting the performance of large-scale nuclear power plant construction projects. Methods: This study conducted a survey on nuclear power plant construction project participants and verified the hypothesis using statistical methods. Results: The results of this study are as follows; First, risk perception appeared to have a positive effect on opportunistic behavior, and it was confirmed that opportunistic behavior among participating companies could occur even in nuclear power plant construction projects. Second, it has been proven that risk perception has a negative effect on project performance as suggested in previous studies. Third, in the relationship between opportunistic behavior and project performance, it was found that opportunistic behavior had a negative effect on project performance. Finally, cooperation was found to have a moderating effect on the relationship between performance risk and project performance. Conclusion: This study is a case of empirical analysis targeting nuclear power plant construction project workers, and provided a basis for reference in future related academic research and project implementation.

• 한국건설관리학회논문집
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• 제5권1호
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• pp.149-156
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• 2004

효과적인 리스크관리를 수행하기 위하여 국내 건설회사의 리스크관리 실태를 설문조사와 인터뷰를 통하여 분석하였다. 그 결과 리스크인자를 규명하고 그 제어 및 대응책으로 개선된 건설 계약방식을 제시하고자 한다. 개선된 계약방식의 파트너링은 건설프로젝트에 사용이 증가하고 있으며 파트너링은 건설프로젝트를 수행함에 있어 계약당사자들의 갈등해소, 능률적이고 긴밀한 관계유지, 신뢰하는 분위기로 프로젝트를 수행하는 것을 의미한다. 파트너링에 의해 건설계약을 체결한다면 리스크인자를 경감하게 되어 공기단축, 품질향상, 공사비절감, 안전한 시공을 할 수 있는 건설프로젝트의 계약방식을 제시하였다.

• 국제학술발표논문집
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• The 6th International Conference on Construction Engineering and Project Management
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• pp.49-50
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• 2015

Since the mid-2000s, Korean large-sized construction companies have pursued in earnest to expand their business to global construction market in surroundings that domestic market have a continuous and long-term stagnation. However, during last a few years, they have experienced the serious financial loss from international projects. In the meantime, for the sound improvement of Korean construction industry, many stakeholders long for efficient early warning signals to generally monitor and track the potential risks of international projects. In this study, we introduce an International Project Risk Index (IPRI), which is derived from massive data provided by large-sized companies, and expect to provide the practitioners and decision makers as an aid to proactively cope with the change of the potential risks. The outcomes from the IPRI can be utilized to prepare a timely management strategy and to establish an appropriate government support regulation.