• Title/Summary/Keyword: Risk Breakdown Structure

Search Result 35, Processing Time 0.027 seconds

Development of Semantic Risk Breakdown Structure to Support Risk Identification for Bridge Projects

  • Isah, Muritala Adebayo;Jeon, Byung-Ju;Yang, Liu;Kim, Byung-Soo
    • International conference on construction engineering and project management
    • /
    • 2022.06a
    • /
    • pp.245-252
    • /
    • 2022
  • Risk identification for bridge projects is a knowledge-based and labor-intensive task involving several procedures and stakeholders. Presently, risk information of bridge projects is unstructured and stored in different sources and formats, hindering knowledge sharing, reuse, and automation of the risk identification process. Consequently, there is a need to develop structured and formalized risk information for bridge projects to aid effective risk identification and automation of the risk management processes to ensure project success. This study proposes a semantic risk breakdown structure (SRBS) to support risk identification for bridge projects. SRBS is a searchable hierarchical risk breakdown structure (RBS) developed with python programming language based on a semantic modeling approach. The proposed SRBS for risk identification of bridge projects consists of a 4-level tree structure with 11 categories of risks and 116 potential risks associated with bridge projects. The contributions of this paper are threefold. Firstly, this study fills the gap in knowledge by presenting a formalized risk breakdown structure that could enhance the risk identification of bridge projects. Secondly, the proposed SRBS can assist in the creation of a risk database to support the automation of the risk identification process for bridge projects to reduce manual efforts. Lastly, the proposed SRBS can be used as a risk ontology that could aid the development of an artificial intelligence-based integrated risk management system for construction projects.

  • PDF

Visualizing Method of 4D Object by Weight of Construction Risk Factors (4D객체 활용에 의한 건설공사 리스크 인자별 중요도 시각화 기법연구)

  • Kang, Leen-Seok;Park, Seo-Young;Kim, Chang-Hak;Moon, Hyoun-Seok
    • 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.

  • PDF

Development of Framework for Integrated Work-Risk Breakdown Structurebased on Fatal Incident Cases in Construction Industry (중대재해 사례에 기반한 건설업의 작업 및 위험분류체계 통합 프레임워크 개발)

  • Jeong, Jaemin;Jeong, Jaewook
    • Korean Journal of Construction Engineering and Management
    • /
    • v.21 no.3
    • /
    • pp.11-19
    • /
    • 2020
  • Since an accident in construction industry has been higher than others for decades, the accident in construction industry should be decreased. To prevention this problem, the work breakdown structure (WBS) and risk breakdown structure (RBS) are presented. the WBS and RBS, are hierarchy structure which can find fatal incident considering type of building and type of work easily and quickly. So, this study aims to develop framework for the integrated WBS-RBS to prevent fatal incident on construction industry. The research process is conducted by following 3 steps: (I) collection of data; (II) classification of data; and (III) development of the integrated WBS-RBS. The result of this study can propose the most dangerous fatal incident aspect of type of building, type of work, and type of accident. Through the result, the decision maker can reduce or eliminate fatal incident considering type of building, type of work and type of accident in construction industry.

Risk Analysis in Tender Stage for Successful Construction Project in China (중국건설시장에서의 성공적인 발주를 위한 입찰단계 리스크 분석)

  • Liu, Yue-Fei;Oh, Jae-Hun;Huh, Young-ki
    • Proceedings of the Korean Institute of Building Construction Conference
    • /
    • 2015.05a
    • /
    • pp.140-141
    • /
    • 2015
  • Although the depression of oversea construction market becomes more serious recent years, asian construction market is relatively dynamic, particularly in china. However, few research has been conducted about how to manage construction projects in china as foreign developers. Four important risks are identified from series of surveys using the WBS-RBS method, the result shows that the main risk of tender stage is 'Tender max price error', ' Bill of quantities error', 'Unusual low price' and 'Moral risk' respectively.

  • PDF

Weight Evaluation of Risk Factors for Early Construction Stage (초기 건설공사 리스크인자의 중요도 산정)

  • Hwang Ji-Sun;Lee Chan-Sik
    • Korean Journal of Construction Engineering and Management
    • /
    • v.5 no.2 s.18
    • /
    • pp.115-122
    • /
    • 2004
  • This study identifies various risk factors associated with activities of early construction stage, then establishes the Risk Breakdown Structure(RBS) by classifying the risks into the three groups; Common risks, risks for Earth works, and risks for Foundation works. The Common risks are identified and classified by considering various aspects of the early construction stage such as financial, political, constructional aspects, etc. The risks for Earth works and Foundation works are identified in detail by surveying technical specifications, relevant claim cases and interviewing with experts. These risks are classified based on the Wok Breakdown Structure(WBS) of the early construction stage. The WBS presented in this study classifies the works of early construction stage into four categories; excavation, sheeting works, foundation works, footing works. This study suggests a risk analysis method using fuzzy theory for construction projects. Construction risks are generally evaluated as vague linguistic value by subjective decision making. Fuzzy theory is a proper method to quantify vague conditions of construction activities. Therefore, this study utilizes fuzzy theory to analyse construction risks. The weight of risks is estimated by reflecting the interrelationship among risk factors from absolute weights obtained by fuzzy measure into the relative weights by Analytical Hierarchy Process(AHP). The interrelationship is estimated by Sugeno-fuzzy measure.

The Development and Application of Schedule Management Tools in Building Construction (건설 공정리스크 관리도구 개발 및 활용방안)

  • Jung Woo-Joon;Yoon You-Sang;Suh Sang-Wook
    • 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.

  • PDF

FREES : Fuzzy Risk Evaluation Expert System (Fuzzy 이론을 활용한 건설프로젝트 리스크 분석 및 평가 시스템)

  • Cho Ick-Rae;Park Chan-Sik
    • Korean Journal of Construction Engineering and Management
    • /
    • v.1 no.1 s.1
    • /
    • pp.53-62
    • /
    • 2000
  • This study proposes FREES(Fuzzy Risk Evaluation Expert System) for analyzing and evaluating risks occurring during the construction process. The feasibility of this system model was tested by virtual scenario. For the development of the model, at first, risk breakdown structure was established based on risks identified in the existing researches, that is quantitative and qualitative. FREES can reflect human cognition process in the risk analysis and evaluation by adopting artificial intelligence fuzzy theory, differentiating the existing quantitative analysis model. The FREES can be applied to all the project phases from planning to operation & maintenance stage.

  • PDF

A Development of the Risk Identification Checklist through the Re-establishment of Risk Breakdown Structure of Construction Project (건설사업 위험분류체계의 재정립을 통한 위험인지 체크리스트 개발)

  • Chu Hae-Keum;Kim Seon-Gyoo
    • Korean Journal of Construction Engineering and Management
    • /
    • v.4 no.2 s.14
    • /
    • pp.109-117
    • /
    • 2003
  • The construction project is largely exposed to much more risk events over the project life cycle due to its complexity and size than the other industries. Therefore, the construction risk management process to identify and response the risk events is not only performing acutely but also proceeding systematically. The risk identification phase in the risk management process is to identify various risk events and define its characteristics. At this phase, the risk identification system is very useful tool to identify every possible risk events in the project. This study shows some problems of the existing risk identification system and proposes the modified risk identification system based on the project phases and the contract bodies, and also suggests partial but more enough detailed risk checklists to be implemented in the actual risk identification phase than any other existing risk breakdown systems to be examined at this study.

A Risk Management Method Using Fuzzy Theory for Early Construction Stage (퍼지이론을 이용한 초기 건설공사의 리스크 관리 방법)

  • Hwang Ji-Sun;Lee Chan-Sik
    • Korean Journal of Construction Engineering and Management
    • /
    • v.5 no.2 s.18
    • /
    • pp.136-143
    • /
    • 2004
  • This study presents a risk management methodology using fuzzy theory for early construction stage and is focused on risk identification and risk analysis. This study identifies various risk factors associated with activities clearly construction stage, then establishes the Risk Breakdown Structure(RBS) by classifying the risks into the three groups; Common risks, risks for Earth works, and risks for Foundation works. The risk analysis method presented in this study is based on the RBS that has two levels such as upper level and lower level. The risk exposure of lower level risk factors is assessed by fuzzy inference. The weight of risks is estimated by fuzzy measure. Then, the estimated risk exposures and weights are aggregated to assess the risk exposure of upper level risks by Choquet fuzzy integral. The risk exposure of upper level risks determine the priority of risk factors in view of risk management. This study performs case study to validate the proposed method. The result of case study shows that the methodology suggested in this thesis would be utilized well in evaluating risk exposure.