• Title/Summary/Keyword: integrated risk

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Scenario Planning and Risk Failure Mode Effect and Analysis (RFMEA) based Management

  • Paul, Virendra Kumar;Basu, Chaitali
    • 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.

Development of Framework for Integrated Work-Risk Breakdown Structurebased on Fatal Incident Cases in Construction Industry (중대재해 사례에 기반한 건설업의 작업 및 위험분류체계 통합 프레임워크 개발)

  • Jeong, Jaemin;Jeong, Jaewook
    • Korean Journal of Construction Engineering and Management
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    • v.21 no.3
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    • pp.11-19
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    • 2020
  • Since an accident in construction industry has been higher than others for decades, the accident in construction industry should be decreased. To prevention this problem, the work breakdown structure (WBS) and risk breakdown structure (RBS) are presented. the WBS and RBS, are hierarchy structure which can find fatal incident considering type of building and type of work easily and quickly. So, this study aims to develop framework for the integrated WBS-RBS to prevent fatal incident on construction industry. The research process is conducted by following 3 steps: (I) collection of data; (II) classification of data; and (III) development of the integrated WBS-RBS. The result of this study can propose the most dangerous fatal incident aspect of type of building, type of work, and type of accident. Through the result, the decision maker can reduce or eliminate fatal incident considering type of building, type of work and type of accident in construction industry.

An Integrated Model of EMS and RMS (환경 경영시스템과 리스크 경영시스템의 통합)

  • Kim Jong-Gurl;Kim Chang-Soo
    • Proceedings of the Korean Society for Quality Management Conference
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    • 2004.04a
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    • pp.321-325
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    • 2004
  • Many companies consider environment management system as the main back-bone system. Also, risk management is considered as hot issue in world wide leading companies. In view of efficiency , it is necessary to combine or integrate the environment management system and the risk management system. In this paper, we aim to propose an approach to integrate the environment management system(ISO 14001) and the risk management system (JIS Q 2001).

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Integrated Safety Risk Assessment and Response Preparation on Construction Site Formwork Using FMECA Method (FMECA 기법을 적용한 건설현장 거푸집작업의 통합 안전위험성 평가 및 대응방안 마련)

  • An, Sun-Ju;Song, Sang-Hoon
    • Journal of the Korea Safety Management & Science
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    • v.14 no.3
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    • pp.39-48
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    • 2012
  • Risk Assessment to list possible safety disasters and their probability and severity is the starting point for effective safety management on construction project site. However, the safety managers in owners, construction supervisors, contractors, and sub-contractors still have difficulties in judging the priorities of safety activities and preparing responses to each potential safety disasters. Therefore, this study aimed to suggest a systematic method in assessing safety risk prior to commencement with the agreement of stakeholders. FMECA(failure mode effects and criticality analysis) was selected as a main assessment tool and it was modified according to the characteristics of construction projects and trades. Each risk is, firstly, evaluated with occurrence probability, possible loss and impacts to projects, and detections, and then risk priority number(RPN) is calculated. Subsequently, the managers of each stakeholder discuss the types, timing, and responsibilities of responses as a group decision-making process.

A Risk Performance Measurement System for the Construction Project

  • Seon Gyoo Kim;Jin Bong Kim;Moon Serk Young;Bong Cheol Jeon;Han Kim;Young Jeong Yu
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.1591-1598
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    • 2009
  • Recently, the researches on the urban regeneration projects have been performed very actively. It is a part of the effort that solves some social and economical problems occurred by deteriorated buildings and degraded infrastructures through new urban regeneration projects or redevelopment projects. However, the urban regeneration projects show the characteristics that can not guarantee in the project performance because the projects have various and complex stakeholders related to these projects and are exposed to lots of risks due to its huge scale. This study proposed the risk performance index method to improve the efficiency of the overall performance measurement for a mega-project by extending from the traditional cost/schedule based performance measurement system. The risk performance index method proposed in this study has a similar system to the EVMS, and makes possible to perform a three dimensional integrated performance measurement in cost/schedule/risk through 18 different indexes that compose the risk performance index.

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Multi-unit risk assessment of nuclear power plants: Current status and issues

  • Yang, Joon-Eon
    • Nuclear Engineering and Technology
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    • v.50 no.8
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    • pp.1199-1209
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    • 2018
  • After the Fukushima-Daiichi accident in 2011, the multi-unit risk, i.e., the risk due to several nuclear power plants (NPPs) in a site has become an important issue in several countries such as Korea, Canada, and China. However, the multi-unit risk has been discussed for a long time in the nuclear community before the Fukushima-Daiichi nuclear accident occurred. The regulatory authorities around the world and the international organizations had proposed requirements or guidelines to reduce the multi-unit risk. The concerns regarding the multi-unit risk can be summarized in the following three questions: How much the accident of an NPP in a site affects the safety of other NPPs in the same site? What is the total risk of a site with many NPPs? Will the risk of the simultaneous accidents at several NPPs in a site such as the Fukushima Daiichi accident be low enough? The multi-unit risk assessment (MURA) in an integrated framework is a practical approach to obtain the answers for the above questions. Even though there were few studies to assess the multi-unit risk before the Fukushima-Daiichi nuclear accident, there are still several issues to be resolved to perform the complete MURA. This article aims to provide an overview of the multi-unit risk issues and its assessment. We discuss the several critical issues in the current MURA to get useful insights regarding the multi-unit risk with the current state art of probabilistic safety assessment (PSA) technologies. Also, the qualitative answers for the above questions are addressed.

Comparative Risk Analysis for Priority Ranking of Environmental Problems (환경 문제의 우선 순위 도출을 위한 비교 위해도 분석에 관한 연구)

  • 김예신;임영욱;남정모;장재연;이동수;신동천
    • Environmental Analysis Health and Toxicology
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    • v.17 no.4
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    • pp.285-298
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    • 2002
  • In Korea, no CRA (comparative risk analysis) studies have been undertaken, nor have their methodologies of such studies been established. Therefore, the objectives of this study were to establish the framework of CRA consisting of health risk, economic risk and perceived risk, and to estimate and compare these risks among the three environmental problems of air pollution, indoor air pollution and drinking water contamination, which are themselves subject to the eight sub -problems of hazardous air pollutants (HAPs), regulated pollutants (representative as PM 10) and dioxins (PCDDs/PCDFs) in air pollution, indoor air pollutants (IAPs) and radon in indoor air pollution, and drinking water pollutants (DWPs), disinfection by -products (DBPs) and radionuclides in drinking water contamination in Seoul, Korea. After which, the priorities of these problems were set by individual and integrated risk. From the results, the rankings of both health risk and economical risk were in the following order: radon, PM10, IAPs, HAPs, DWPs, dioxins, DBPs, and radionuclides among the eight sub problems. On the contrary, the ranking of perceived risk was in the following order: HAPs, dioxins, radionuclides, PM10, DWPs, IAPs, Radon and then DBPs among the eight sub-problems.

A Study on System Development for Ship's Integrated Safety and Security

  • Yoon, Daeg-Wun;Kim, Cheol-Seung
    • Journal of Navigation and Port Research
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    • v.35 no.2
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    • pp.131-136
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    • 2011
  • As the faithful performance of ISPS of IMO, nowadays actually applicable an integrated safety and security system in and out of vessel should be organized in views of seafarers. Therefore, this paper is aimed to design a fundamental system for ship's integrated safety and security. The system of integrated grabbing will affect efficiently in any maritime field of material and human flow. Therefore this research will be expected to affect economical side by securing all the risk of maritime issues. In addition to the passenger ship and merchant vessel, it is applicable to other public and private vessels either. As a result of this paper, the system designed collecting various data through integrating the system including RFID reader, PIR sensor, and CMOS camera by putting an individual number into each unit that could be control at easy.

PRACTICAL APPROACHES TO RISK MANAGEMENT FOR GLOBAL CONTRACTORS

  • Seung Heon Han;Du Yon Kim;Han Him Kim
    • International conference on construction engineering and project management
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    • 2005.10a
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    • pp.1231-1236
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    • 2005
  • Global construction projects manifest more risks than do other industries. Often, firms doing business in construction markets find these risks intimidating. To secure corresponding profits, many global contractors attempt to forecast the effects of risks and establish risk management strategies. However, one key problem with present-day risk management methods is that they are basically analytical or mathematical-oriented approaches which are not easy to adopt in real business. Based on preliminary investigations and evaluations of current tools, this research elicits more practical algorithms for risk checklist by constructing risk scenarios over the whole period of project execution. For the application of the algorithms, a "SE/RF" (Source-Event/Regular-Floating) checklist is suggested, which sorts out risk sources and their subsequent events, as well as dividing various risk factors into either regular or floating categories. In addition, the "PIS" (Probability-Impact-Significance) method is introduced, in place of traditional "PI" (Probability-Impact) methods, by adding the additional criterion of "risk significance" to determine the degree of risk exposure in a more realistic way. As a result, we draw the significant finding that the "PIS" method presents a closer evaluation regarding degree of risk exposure as compared to the level of expert judgments than those from traditional methods. Finally, we provide an integrated procedure for international project risk management with all of the research achievements being incorporated.

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