Browse > Article
http://dx.doi.org/10.6106/KJCEM.2017.18.2.099

A Performance Analysis of Risk Management for International Engineering Project  

Jung, Wooyong (Department of Civil and Environmental Engineering, Yonsei University)
Lee, Baul (Department of Civil and Environmental Engineering, Yonsei University)
Han, Seungheon (Department of Civil and Environmental Engineering, Yonsei University)
Publication Information
Korean Journal of Construction Engineering and Management / v.18, no.2, 2017 , pp. 99-107 More about this Journal
Abstract
In recent years, Korean engineering companies are actively entering into the international business. Although international engineering project is known to have lower risk rather that EPC construction project, Korean engineering companies' international sales profit is not as good. Therefore, this study analyzes the risks that are predicted before bid and actually occurred after award. In addition, this study shows the difference of risk depending on lump sum contract and cost reimburse contract. Finally, this study analyzes the difference of risk according to civil engineering and building engineering. This study provides industry to analyze risk more practically and helps academics to focus on risk to be studied more in the future.
Keywords
Engineering Project; Risk Management; Project Performance; Contract Type; Product Type;
Citations & Related Records
Times Cited By KSCI : 11  (Citation Analysis)
연도 인용수 순위
1 Yoo, W. S., and Lee, H. K. (2006). "Project Scheduling Using Fuzzy PERT and Risk Assessment." Journal of the Architectural Institute of Korea Structure & Construction, 22(4), pp. 145-152.
2 ENR. (2008-2016a). "The Top 250 International contractors" Engineering News Record, (Jan. 14, 2017).
3 ENR. (2008-2016b). "The Top 225 International Design Firms" Engineering News Record, (Jan. 14, 2017)
4 Han, S. H., and Kim, D. Y. (2006). "Risk-based Profit Prediction Model for International Construction Projects." Journal of The Korean Society of Civil Engineers D, 26(4D), pp. 635-647.
5 Jang, W. S., Yang, H. B., and Han, S. H. (2014). "Development of Evaluation System for Overseas Business Capability of Construction Firms." Journal of The Korean Society of Civil Engineers, 34(3), pp. 977-987.   DOI
6 Jang, H. S., and Sohn, T. H. (2013). "A Study on Strategies of the Global Construction Companies for Improving Competitiveness of Korean Construction Companies." Journal of the Architectural Institute of Korea Structure & Construction, 29(5), pp. 97-104.   DOI
7 Jang, H. S. (2005). A Case Study of The Top Global Design & Engineering Firms'Business Strategy Innovations for Global design Market, CERIK.
8 Jeon, J. K., Lee, S. W., and Kim, J. J. (2016). "Impact Analysis of Economic Fluctuation of Saudi Arabia on Korean Overseas Construction Business." Korean Journal of Construction Engineering and Management, KICEM, 17(2), pp. 39-48.   DOI
9 Jun, J. K., Lee, J. S., and Shin, S. W. (2009). "A Proposal of Measuring Items and Management Realm for Capability Assessment of Design Organization." Journal of the Architectural Institute of Korea Planning & Design, 25(3), pp. 77-85.
10 Jung, W. Y. (2011). "Three-staged risk evaluation model for bidding on international construction projects." Doctoral Thesis, Yonsei University.
11 Lee, J. S., Ahn, B. J., and Kim, J. J. (2012). "Evaluating and Suggesting Key Risk Factors according to Risk Hierarchy of Occurrence Field in the Overseas Development Projects." Korean Journal of Construction Engineering and Management, KICEM, 13(2), pp. 70-80.   DOI
12 Kim, D. Y., Kim, H. R., and Jang, H. S. (2016). "Hierarchical Structure Analysis of engineering Competitiveness in Overseas Construction." Journal of the Architectural Institute of Korea Structure & Construction, 32(8), pp. 35-43.   DOI
13 Kim, S. B., and Kim, Y. B. (2013). "Quantification of a Global Construction Core Competencies for Korean Construction/Engineering Firms." Journal of The Korean Society of Civil Engineers, 33(6), pp. 2541-2549.   DOI
14 Kim, Y. S. (1998). "An Analysis on the Construction Management Business Plans and Activities of the Large Construction Companies in Korea." Journal of the Architectural Institute of Korea Structure & Construction, 14(4), pp. 379-388.
15 Park, H. P., and Shin, E. Y. (2006). "Strategies for Domestic Construction Engineering Companies to go into the Vietnam." Korean Journal of Construction Engineering and Management, KICEM, 7(2), pp. 98-108.
16 Sohn, T. H. (2011). "A Study on Associations among Number of Bidders, Contract Award Rate and Profitability on International Construction." Journal of The Korean Society of Civil Engineers D, 31(2D), pp. 247-253.
17 Jung, S. H. (2015). "New way to leap the crisis of overseas construction" K-BUILD Journal, ICAK, 15(12), pp. 2-5.