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http://dx.doi.org/10.6106/KJCEM.2013.14.5.092

An Exploratory Research on Quantitative Risk Assessment Methodology Throughout Success Factor Analysis in Project Financing  

Lee, Dong-Gun (아주대학교 대학원 건축공학과)
Cha, Hee-Sung (아주대학교 건축학부)
Publication Information
Korean Journal of Construction Engineering and Management / v.14, no.5, 2013 , pp. 92-102 More about this Journal
Abstract
A Project Financing (PF) is a form of project delivery system that is carried out for the purpose of trying to give help to the development of national economy and the construction industry in order attract private investment. However, in the case of Korea, many PF projects are only taking into account the aspect of maximizing development benefits, and the proliferation of PF results in project failure. In addition, the interruption of business has been one after another in the aftermath of the recent financial crisis. These major cause is the result of efforts to block the potential risk of objectively quantifying operations. Nowadays, PF risk analysis in terms of various factors is insufficient. The purpose of this study is to identify and quantify the extensive risk elements to classify the cause of affecting the success of the project PF study prior to propose a methodology for evaluating the integrity of the project PF based on this and to provide a quantitative system that can evaluate the business risk. This study identified the factors that affect the PF business success and failure and establish the metrics that can be quantified through existing research and expert interviews. Factors influencing the success of the PF obtained as a result of surveys and interviews in assessing the soundness of the PF development conditions in the future be able to take advantage of, as well as an objective assessment tool to be able to take advantage of the development is expected.
Keywords
Project Financing; Risk Assessment Structure; Success Factor;
Citations & Related Records
Times Cited By KSCI : 3  (Citation Analysis)
연도 인용수 순위
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