• Title/Summary/Keyword: Project risk

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Management of Risk Scenarios based on Ground Conditions under Construction of a Subsea Tunnel (해저터널 시공중 지반조건별 위험 시나리오 관리기법)

  • Park, Eui-Seob;Shin, Hee-Soon;Shin, Yong-Hoon;Kim, Taek-Gon
    • Tunnel and Underground Space
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    • v.19 no.4
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    • pp.275-286
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    • 2009
  • In order to establish the causes and measures for technical risks that occur in various ground conditions when a subsea tunnel is excavated, it is important to configure expected risk scenarios. In addition, when the risk scenarios are classified because the scenario that occurs along all tunnel route and the scenario limited to some area are considered together, a logical framework with systematic and organized responses can be provided for project managements. In this research, project risk scenarios and management elements were configurated, and the project schedule was established for the management techniques to the risk scenario. The risk scenarios expected in a subsea tunnel were classified into a common risk scenario and a special risk scenario, and the concept which can combine with the project management elements was derived.

The construction project's risk threshold calculation methodology applying a concept of VaR (VaR개념을 응용한 건설공사 위험허용도 산정방법)

  • Kim Seon-Gyoo;Kim Jae-Jun;Kim Kyung-Rai
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.65-72
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    • 2001
  • With the recent rising project complexities and competitive environments in the construction projects, a risk management is recognized as more important management tool than the others. However, as most risk management techniques applied to the construction projects are centered around their initial phases and risk analyses, they are not developed into general project management technique such as time management, cost management and quality management, etc., that are usually applied in the process of construction. Thus, this paper proposes a response process to construction project risks based on the risk threshold and its calculation methodology applying a concept of VaR to establish risk management as general management technique in the construction projects.

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The Effects on the R&D Project Performance according to the Characteristics of Project Management Organizations: The Difference between Public and Private Companies (연구사업관리 주관기관에 따른 기술혁신 R&D 프로젝트 성과 영향분석: 공공과 민간 기업의 차이 비교)

  • Yong-Kyu Lee;So-Hyun Park;Hee Kyung Kim;Taewon Lee
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.46 no.2
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    • pp.116-132
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    • 2023
  • Technology innovation companies are focusing on contributing to business performance by R&D project as a strategic tool. Successful R&D leads to corporate competitiveness enhancement, national industrial development, but there are high uncertainty and risks in R&D. Public and private R&D projects are carried out to achieve various purposes. It was verified how the risk management and benefit management of the R&D project affect the detailed R&D project performance between the Public and private domain. The impact of Project Leadership on R&D performance was also analyzed. Those who have participated in the Public and Private R&D projects at companies or research institutes were surveyed. First, it was found that project risk and benefit management have partially an effect on R&D project performance. Second, Public and private R&D Project Leadership showed partially a interaction effect between project management and project performance.

An Empirical Study on Failure Factors of Information System Development Projects for SMEs (중소제조업체의 정보시스템 개발 실패 요인에 관한 실증연구)

  • Hong, Soon-Goo;Choi, Il-Yong
    • Journal of Information Technology Services
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    • v.8 no.4
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    • pp.41-55
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    • 2009
  • Due to the global business environments and severe competitions, SMEs have carried out IS projects for their competitive advantages. However, numerous organizations have faced with difficulties in the IS project management such as large amounts of IT expenses and uncertainties in project implementations. Thus, this study is intended to discover critical risk factors in the IS project management. To achieve this research goal, we have mailed questionnaires to SMEs and SI companies that experienced IS project failures and 63 usual data were collected. The result of analysis with step wise regression showed that 6 factors are related with IS project failures. The study contributes to the literature in two ways. First, this paper empirically identifies IS risk factors for SME manufactures. Second, this research result can be utilized as a checklist for the successful IS implementations. Limitations and future research topics are also discussed.

Evaluation of Japan's Official Development Assistance (ODA) Projects on Flood Risk Management in Thailand

  • Jung, Minjung;Lee, Seungho
    • Proceedings of the Korea Water Resources Association Conference
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    • 2022.05a
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    • pp.210-210
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    • 2022
  • This study evaluates Japan's Official Development Assistance (ODA) projects in Thailand from 2011 to 2013 by deploying the Sendai Framework for Disaster Risk Reduction (SFDRR) and the Organization for Economic Cooperation Development (OECD) evaluation criteria. Special attention is placed on disaster-related development assistance activities of Japan through reviewing long-term impacts of the projects. The Japan International Cooperation Agency (JICA) has played a crucial role in transferring Japan's experiences on disaster risk management to developing countries, including Thailand. The study highlights two flood risk management projects in Thailand with the support of JICA after the 2011 floods, namely the Project for the Comprehensive Flood Management Plan for the Chao Phraya River Basin and the Project for Flood Countermeasures for Thailand Agriculture Sector. The case studies demonstrate that the projects were efficiently and effectively conducted for meeting Thailand's needs and requirements. JICA provided multi-hazards risk analysis through scientific data as well as local knowledge. However, achievements of the project did not last for long because of a lack of Thai stakeholders' commitment and JICA's post-project management. It is concluded that a development agency should consider impacts and sustainability of flood risk management projects more carefully from the stage of planning, and the practical application of the knowledge, and technologies should also be monitored progressively after the completion of the project.

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A Study on Cost Risk Estimation applying Joint Cost-Schedule Probability Distribution Model (비용과 일정의 결합확률 분포를 적용한 위험비용추정에 관한 연구)

  • Kim, Dong-Kyu;Kang, Sung-Jin;Han, Gyu-Sik
    • Journal of the Korea Institute of Military Science and Technology
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    • v.14 no.5
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    • pp.850-858
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    • 2011
  • The risk analysis plays an important role in weapon system acquisition project due to uncertainties in the acquisition process. But in domestic, studies on risk analysis are insufficient and risk cost is not included in acquisition budget in policy. Therefore, in this study, we suggest a method that measures risk or success probability of project using the stochastic model. In particular, in order to calculate the success probability, we apply the joint probability distribution model of cost and schedule that are critical factors influencing the project risk. And also we verify the applicability of this model in Korean defence industry environment through case studies.

A Study on Integration of Schedule Management and Risk Management (공정관리와 리스크관리의 통합을 위한 기초연구)

  • Jang, Myung-Houn;Youn, You-Sang;Suh, Sang-Wook
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2006.11a
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    • pp.105-110
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    • 2006
  • It is more effective and more efficient to manage schedule and risk at a same time because many risks occur in construction phase in building construction projects. The objective of this paper is to propose a tool that manages risks in a project management software. The tool is implemented by VBA in Microsoft Project, and enables field managers of a construction project to make schedules and to help to predict risks.

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Risk Evaluation of the Project Finance for Overseas Independent Power Projects Using a Fuzzy Multi-Criteria Decision-Making Analysis (퍼지 다기준 의사결정분석을 통한 해외 독립발전사업 사업금융 리스크 분석)

  • Hur, Kyong-Goo;Kim, Joo-Nam
    • The Journal of the Korea Contents Association
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    • v.17 no.5
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    • pp.574-590
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    • 2017
  • The purpose of this paper is the provision of a decision-making tool for developers to identify the project risks for under-consideration overseas independent power projects (IPPs), and to analyze the priority and importance weights of the risks through the employment of a fuzzy multi-criteria decision-making (MCDM) approach. A fuzzy MCDM is the calculation method for which the imprecision of each respondent's unique opinion is considered. Through the extensive literature surveys that were conducted for this paper, eight major project finance (PF) risks have been derived credit risk, completion risk, market risk, fuel risk, operating risk, financial risk, environmental risk, and force majeure. The empirical results show that the market risk is the most important risk factor in terms of overseas IPPs, thereby confirming that the long-term power purchase agreement (PPA) guarantee of the host country is one of the most important corresponding factors for the PF.

A Development of Risk Identification Checklist for Stakeholder in Urban regeneration-Projects (도시재생사업 참여주체별 위험인지 체크리스트 개발)

  • Park, Kyu-Young;Kim, Seon-Gyoo
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2008.11a
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    • pp.487-490
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    • 2008
  • The mixed-use development project like urban regeneration project has been enforced with long period and participation of various stakeholders. For this character, lots of risk could be occurred during the process of project and the project's success or failure depends on the risk management. So the process of identifying and responding to risks in urban regeneration projects should be followed systemically The risk identification phase is the first step to identify risk factors and define risk's character. One of the risk identification methods, the checklist, is the most practical and well-known one. This study suggests the check list that devide risks classified by stakeholders through analyzing tasks of stakeholders and drawing risks. This kind of checklist which handles risk factors classified by stakeholders is an easy tool to identify risks and expected to be effective to find risks for various stakeholders and themselves in the urban regeneration projects.

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