Abstracts – Browse Results
Click on the titles below to expand the information about each abstract.
Viewing 11 results ...
Burchett, J F, Tummala, V M R and Leung, H M (1999) A world-wide survey of current practices in the management of risk within electrical supply projects. Construction Management and Economics, 17(01), 77-90.
- Type: Journal Article
- Keywords: electricity supply industry; power generation; power distribution; practice; risk management; world-wide survey
- ISBN/ISSN: 0144-6193
- URL: https://doi.org/10.1080/014461999371844
- Abstract:
A survey is described which examines the current risk handling practices in evaluating capital development projects (transmission, generation and distribution) within the electricity supply industry worldwide. As risk perception is an important aspect of risk management, the attitudes towards and the barriers created by management to risk management plus the benefits perceived are examined and compared with the results of previous surveys. The survey will assist also in determining the need and feasibility of applying a risk management process to capital budgets in investments such as transmission construction works and other appropriate applications. The survey has demonstrated that a formal risk management process is more likely to apply to large, complex projects with potential of cost overrun. However, the criteria for application are likely to depend more on overcoming managers concerns about time involvement, human/organizational resistance and understanding of quantitative techniques, such as assessing probability distributions, deter-mining and interpreting expected values, variances, and risk management output results, so as to appreciate the benefits and enable effective decisions to be made. The worldwide survey confirms that there is a drive towards a more thorough assessment of risks than previously recorded, with a formal risk management process that will meet the expectations of business growth and project sponsors and ensure that all risks are actively managed throughout the life-cycle of a project.
Chapman, R J (1999) The likelihood and impact of changes of key project personnel on the design process. Construction Management and Economics, 17(01), 99-106.
Egbu, C O (1999) Skills, knowledge and competencies for managing construction refurbishment works. Construction Management and Economics, 17(01), 29-43.
Green, S D and Simister, S J (1999) Modelling client business processes as an aid to strategic briefing. Construction Management and Economics, 17(01), 63-76.
Laukkanen, T (1999) Construction work and education: occupational health and safety reviewed. Construction Management and Economics, 17(01), 53-62.
Loosemore, M (1999) A grounded theory of construction crisis management. Construction Management and Economics, 17(01), 9-19.
Moatazed-Keivani, R, Ghanbari-Parsa, A R and Kagaya, S (1999) ISO 9000 standards: perceptions and experiences in the UK construction industry. Construction Management and Economics, 17(01), 107-19.
Proverbs, D G, Holt, G D and Olomolaiye, P O (1999) Productivity rates and construction methods for high rise concrete construction: a comparative evaluation of UK, German and French contractors. Construction Management and Economics, 17(01), 45-52.
Raftery, J (1999) Quasi-rational behaviour in the property and construction market. Construction Management and Economics, 17(01), 21-7.
Skitmore, M R and Mills, A (1999) A needs based methodology for classifying construction clients and selecting contractors: comment. Construction Management and Economics, 17(01), 5-7.
Yau, N-J, Yang, J-B and Hsieh, T-Y (1999) Inducing rules for selecting retaining wall systems. Construction Management and Economics, 17(01), 91-8.