• Proceedings of the Korean Institute Of Construction Engineering and Management
• /
• 2006.11a
• /
• pp.571-573
• /
• 2006

This study suggests a reasonable method for visualizing risk management level by risk weight linked with 4D model. This study defines risk management procedures as preparation, identification, analysis, response and management to manage potential risks in the construction project. The modules for computerizing in this system consist of planning, construction, application of WBS (Work Breakdown Structure) and RBS (Risk Breakdown Structure), and risk analysis. The final results include a method for visualizing risk level by each element of the project by using 4D simulation technique. It can be used as a visualized risk management tool instead of current system using numerical data.

• Proceedings of the Korean Institute Of Construction Engineering and Management
• /
• autumn
• /
• pp.519-524
• /
• 2001

Recently, our construction market recognizes the necessity of risk management, however the application of practical system is still limited on the construction site because the methodology for analyzing and quantifying construction risk and for building actual risk factors is not easy. This study suggests a risk management method by fuzzy theory, which is using subjective knowledge of an expert and linguistic value, to analyze and Quantify risk. The result of study is expected to improve the accuracy of risk analysis because three factors, such as probability, impact and frequency, for estimating membership function are introduced to quantify each risk factor.

• Korean Journal of Construction Engineering and Management
• /
• v.17 no.1
• /
• pp.48-55
• /
• 2016

Risk management is an important element for successful management of overseas construction projects. This study reports a case study in which we proposed a risk management planning and procedure for plant construction which can be applied throughout the project life cycle. We analyzed the risk management practices of Korean construction companies by applying the concept of the PRINCE2 method developed in the UK, and proposed a risk management planning and procedure with organizational structure and working process. The suggested risk management planning and procedure was applied to an overseas plant construction project, and produced good results. It is believed that the procedure suggested here can also be aplied to other companies to enhance the competency in the global construction market.

• Construction Engineering and Management
• /
• v.25 no.3
• /
• pp.48-49
• /
• 2024

• Proceedings of the Korean Institute Of Construction Engineering and Management
• /
• 2004.11a
• /
• pp.384-387
• /
• 2004

It is very important to manage the risk in building construction because construction process has too many internal risk compared with others. So construction managers need more developed risk management system than the Present. While the study for the solution and management of generated risk is comparatively enough, the effort to confirm the risk of construction phase on pre-construction phase haying an major effect on total duration, is insufficient. For supporting the schedule risk management of pre-construction, this study suggests the reclassified risk breakdown structure and the investigation form for advance preparations on pre-construction Phase, which help the Poorly experienced construction manager to make more correct decisions and efficiently to execute risk management.

• Korean Journal of Construction Engineering and Management
• /
• v.18 no.2
• /
• pp.71-80
• /
• 2017

In recent years, the reduction of international award and project loss by Korean contractors have become a big issue not only in industry but also in academic fields. However, many researches have not focused on small and medium subcontractors but on the large contractors, even though the number of international project by small and medium companies is more than by large companies. Therefore, this study focuses on analyzing the predicted risk before bid and the actual risk after award in international subcontracting projects. In addition, it provides the difference between project performances according to the contract types and the project profitability. This study is expected to give more informed risk knowledge to small and medium subcontractors, which enables them to pay attention to managing risk for better project performances.

• Proceedings of the Korean Institute Of Construction Engineering and Management
• /
• 2008.11a
• /
• pp.491-496
• /
• 2008

In spite of economic slump, the Real Estate PF(project financing) market competes for receiving large project orders. While the project is successful, the Real Estate PF still guarantees a high benefit ratio. But the initial stage of the project involves many risks. There are many financial, constructional, legal, and other risks. After searching for possible risks, we must consider a management plan. This study executed a question investigating risk factors and management plans. Those who have studied for 3 or more years have concluded that the question objects are developer, construction company, and financial institution staff. The main management plans take actions for proper benefit rate security and loan repayment. This study has also been verified through the actual case. The study results will help solve the Real Estate PF project's risks.

• Korean Journal of Construction Engineering and Management
• /
• v.5 no.1 s.17
• /
• pp.149-156
• /
• 2004

This paper presented the risk identification and the risk response of the construction project executed by mean of questionnaires/interview, significant risk factors are identified for construction contracts. The purpose of study is to improve the contract method for construction project. Therefore, partnering is increasingly being used on construction project. Partnering involves the parties to a construction project working together in an environment of trust and openness to realize the project efficiently and conflict. Partnering can bring significant benefits, including fewer adversarial relationships and increased end-customer satisfaction, to the construction industry if all parties involved in a project strive for its success.

• Korean Journal of Construction Engineering and Management
• /
• v.3 no.3 s.11
• /
• pp.49-57
• /
• 2002

This paper describes the second stage of the work aiming at proposing a reasonable risk management response system for construction safety. By means of questionnaires/interviews and two sample t-tests, significant risk factors are identified for three different conditions. Then a Case-Based Reasoning System is built for use at construction sites to simulate possible accidents. This Construction Management Reasoning System(CMRS) nay be used by safety managers at sites every day (or education and training of workers to prevent accidents. The case base built so far is limited to the construction of expressway bridges. There is much need for further research since the simulation of possible accidents is to be a good means to enhance safety awareness of construction workers.

• Korean Journal of Construction Engineering and Management
• /
• v.10 no.3
• /
• pp.83-91
• /
• 2009

Construction industry is a complex industry which should be invested with plenty capital, manpower and resources. Investment factors and inner and outer environmental factors should be managed systemically in terms with risk factors possible to occur. It maximizes the profit to establish construction management by managing risk systemically. While previous studies were executed with risk related to some special progress lively, studies about risk in managing construction company leave much to be desired. Therefore, this study examined risk in the whole construction management, showed the checklist and deduced the quantitative factors through questionnaire analysis from specialists. Also, priority and grade of construction management factors were evaluated by analyzing weight of construction risk factors.