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Data Analytics for Engineering and Construction Project Risk Management

2019-05-23 Technology & Engineering
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Release : 2019-05-23
Genre : Technology & Engineering
Kind : eBook
Book Rating : 515/5 ( reviews)

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Book Synopsis Data Analytics for Engineering and Construction Project Risk Management by : Ivan Damnjanovic

Download or read book Data Analytics for Engineering and Construction Project Risk Management written by Ivan Damnjanovic. This book was released on 2019-05-23. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a step-by-step guidance on how to implement analytical methods in project risk management. The text focuses on engineering design and construction projects and as such is suitable for graduate students in engineering, construction, or project management, as well as practitioners aiming to develop, improve, and/or simplify corporate project management processes. The book places emphasis on building data-driven models for additive-incremental risks, where data can be collected on project sites, assembled from queries of corporate databases, and/or generated using procedures for eliciting experts’ judgments. While the presented models are mathematically inspired, they are nothing beyond what an engineering graduate is expected to know: some algebra, a little calculus, a little statistics, and, especially, undergraduate-level understanding of the probability theory. The book is organized in three parts and fourteen chapters. In Part I the authors provide the general introduction to risk and uncertainty analysis applied to engineering construction projects. The basic formulations and the methods for risk assessment used during project planning phase are discussed in Part II, while in Part III the authors present the methods for monitoring and (re)assessment of risks during project execution.

Risk Management in Engineering and Construction

2019-09-09 Technology & Engineering
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Release : 2019-09-09
Genre : Technology & Engineering
Kind : eBook
Book Rating : 289/5 ( reviews)

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Book Synopsis Risk Management in Engineering and Construction by : Stephen Ogunlana

Download or read book Risk Management in Engineering and Construction written by Stephen Ogunlana. This book was released on 2019-09-09. Available in PDF, EPUB and Kindle. Book excerpt: Today’s businesses are driven by customer ‘pull’ and technological ‘push’. To remain competitive in this dynamic business world, engineering and construction organizations are constantly innovating with new technology tools and techniques to improve process performance in their projects. Their management challenge is to save time, reduce cost and increase quality and operational efficiency. Risk management has recently evolved as an effective method of managing both projects and operations. Risk is inherent in any project, as managers need to plan projects with minimal knowledge and information, but its management helps managers to become proactive rather than reactive. Hence, it not only increases the chance of project achievement, but also helps ensure better performance throughout its operations phase. Various qualitative and quantitative tools are researched extensively by academics and routinely deployed by practitioners for managing risk. These have tremendous potential for wider applications. Yet the current literature on both the theory and practice of risk management is widely scattered. Most of the books emphasize risk management theory but lack practical demonstrations and give little guidance on the application of those theories. This book showcases a number of effective applications of risk management tools and techniques across product and service life in a way useful for practitioners, graduate students and researchers. It also provides an in-depth understanding of the principles of risk management in engineering and construction.

Engineering Construction Risks

1992 Business & Economics
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Release : 1992
Genre : Business & Economics
Kind : eBook
Book Rating : 651/5 ( reviews)

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Book Synopsis Engineering Construction Risks by : Peter Allan Thompson

Download or read book Engineering Construction Risks written by Peter Allan Thompson. This book was released on 1992. Available in PDF, EPUB and Kindle. Book excerpt: Risk analysis and management - an overview. When to apply risk management. Quantitative techniques for project risk analysis. Risk in estimating. Contract stategy...

Risk Management for Design and Construction

2011-05-04 Technology & Engineering
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Release : 2011-05-04
Genre : Technology & Engineering
Kind : eBook
Book Rating : 635/5 ( reviews)

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Book Synopsis Risk Management for Design and Construction by : Ovidiu Cretu

Download or read book Risk Management for Design and Construction written by Ovidiu Cretu. This book was released on 2011-05-04. Available in PDF, EPUB and Kindle. Book excerpt: The essential risk assessment guide for civil engineering, design, and construction Risk management allows construction professionals to identify the risks inherent in all projects, and to provide the tools for evaluating the probabilities and impacts to minimize the risk potential. This book introduces risk as a central pillar of project management and shows how a project manager can be prepared for dealing with uncertainty. Written by experts in the field, Risk Management for Design and Construction uses clear, straightforward terminology to demystify the concepts of project uncertainty and risk. Highlights include: Integrated cost and schedule risk analysis An introduction to a ready-to-use system of analyzing a project's risks and tools to proactively manage risks A methodology that was developed and used by the Washington State Department of Transportation Case studies and examples on the proper application of principles Information about combining value analysis with risk analysis "This book is a must for professionals who are seeking to move towards a proactive risk-centric management style. It is a valuable resource for students who are discovering the intricacies of uncertainties and risks within value estimation. For professionals, the book advocates for identifying and analyzing 'only' risks whose impact are of consequence to a project's performance." JOHN MILTON, PHD, PE Director of Enterprise Risk Management, Washington State Department of Transportation

Risk Management in Projects

2012-09-10 Architecture
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Release : 2012-09-10
Genre : Architecture
Kind : eBook
Book Rating : 227/5 ( reviews)

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Book Synopsis Risk Management in Projects by : Martin Loosemore

Download or read book Risk Management in Projects written by Martin Loosemore. This book was released on 2012-09-10. Available in PDF, EPUB and Kindle. Book excerpt: 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.

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