• Title/Summary/Keyword: Risk management factors

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An Exploratory Study on the Relationship with Previous Project Risk Evaluation and Project Performance (사전 프로젝트 리스크 평가와 프로젝트 성과와의 관계에 관한 탐색적 연구)

  • Hosnag, Kim;Kyungsik Yang
    • Journal of Service Research and Studies
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    • v.12 no.3
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    • pp.70-92
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    • 2022
  • Project risk assessment is the most important activity performed at the beginning of a project because it can judge the performance of the project in advance. In this study, We were evaluated risk with traditional risk factors such as technology and schedule, etc, and Indirect risks factors such as financial, strategic, and special risks. and then, we analyzed what kind of relationship these risk evaluation factors have on business performance and customer satisfaction. As a result of the research, it was found that the risk evaluation items had a relationship with performance and customer satisfaction. However, It is possible that the performance may differ depending on how risks are managed after risk assessment. Therefore, follow-up studies should be conducted, including information on risk management practices. This study is meaningful that presenting practical risk evaluation items and at the same time identifying the relationship with performance. We plan to further the study in future studies including the evaluation of risk management process.

Analysis of the Impact Relationship for Risk Factors on Big Data Projects Using SNA (SNA를 활용한 빅데이터 프로젝트의 위험요인 영향 관계 분석)

  • Park, Dae-Gwi;Kim, Seung-Hee
    • The Journal of the Institute of Internet, Broadcasting and Communication
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    • v.21 no.1
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    • pp.79-86
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    • 2021
  • In order to increase the probability of success in big data projects, quantified techniques are required to analyze the root cause of risks from complex causes and establish optimal countermeasures. To this end, this study measures risk factors and relationships through SNA analysis and presents a way to respond to risks based on them. In other words, it derives a dependency network matrix by utilizing the results of correlation analysis between risk groups in the big data projects presented in the preliminary study and performs SNA analysis. In order to derive the dependency network matrix, partial correlation is obtained from the correlation between the risk nodes, and activity dependencies are derived by node by calculating the correlation influence and correlation dependency, thereby producing the causal relationship between the risk nodes and the degree of influence between all nodes in correlation. Recognizing the root cause of risks from networks between risk factors derived through SNA between risk factors enables more optimized and efficient risk management. This study is the first to apply SNA analysis techniques in relation to risk management response, and the results of this study are significant in that it not only optimizes the sequence of risk management for major risks in relation to risk management in IT projects but also presents a new risk analysis technique for risk control.

Risk Assessment and Contingency Prediction considering Work Characteristics for Modular Plant Construction Projects (모듈러 플랜트의 업무특성을 고려한 위험 평가 및 예비비 예측)

  • Kang, Hyunwook;Kim, Jongwook;Kim, Yongsu
    • Korean Journal of Construction Engineering and Management
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    • v.19 no.5
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    • pp.81-89
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    • 2018
  • The purpose of this study is to assess the risk and predict the contingency for modular plant construction projects. Considering the work characteristics of the modular plant, The adapted research method is that suggest models for assessment impact of risk and predict the contingency considering risk. Based on the proposed models, It is selected one modular plant construction project and assessment impact of risk factors and predicted the contingency. The results of this study are as follows: Assessment the probability of occurrence of risk factors and intensity of impact, and extract 15 important risk factors. These are classified as Engineering, Procurement, Fabrication, Transportation, Construction phases to consider the work characteristics of the modular plant. The predicted contingency is that 6.739%(Engineering 2.850%, Procurement 6.225%, Fabrication 6.211%, Transportation 4.165%, Construction 8.168%) to prepare the basic business expense. The model is used as a way to derive quantitative results in the decision-making process for risk management in construction projects.

Risk Factors Analysis and Quantitative Risk Assessment Model for Tunnel Construction Project (터널 건설 프로젝트 리스크 분석 및 리스크 정량화 모델 개발에 관한 연구)

  • Jeong, Seung-A;Ahn, Sungjin
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2023.05a
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    • pp.363-364
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    • 2023
  • The tunnel construction projects is demanded more efficient risk management measures and loss forecasts to prepare for risk losses from an increase in the trend of tunnel construction. This study aims to analyze the risk factors that caused the loss of material in actual tunnel construction and to develop a quantified predictive loss model, based on the past loss record of tunnel construction projects.

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Safety Management Factor Analysis of Expert Perceptions Based on 4M Method for Plant Construction Phase (플랜트 시설물 시공단계의 4M기법을 활용한 전문가 인식조사에 의한 안전관리요인 분석)

  • Kim, Kyujin;Choi, Byungsun;Chun, Jaeyoul
    • Korean Journal of Construction Engineering and Management
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    • v.17 no.1
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    • pp.18-27
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    • 2016
  • The purpose of this study is to classify main risk factors on a construction phase of a plant project and analyze importance by the risk factors. Plant Industry is continuing boom and the increase in overseas plant orders in 2014 has showed a performance increase of 61% of the total orders, as the plant industry are risk factors for the construction phase, safety management target recognition and variety of accident prevention and safety factors by importance, etc. a situation that requires the development and introduction of management. So, it is performed that collected disaster conditions data on a construction phase of a plant project, is questioned by plant construction professional and is classified by 4M. Then, it is performed that is questioned by plant construction and safety professional in order to apply AHP method, and is presented from analyzing the risk factors, which are results of the survey, by importance and priority. This study will recognize from identifying the main risk factors in advance and will be utilized as a basic data is to prevent the risk factors.

Differences of Experts and Non-experts in Perceiving Environmental and Technological Risks (전문가와 비전문가의 환경 및 과학기술 위험에 대한 위해도 인식 차이)

  • Hahm, Myung-Il;Kwon, Ho-Jang;Lee, Hoo-Yeon;Park, Hwa-Gyoo;Lee, Sang-Gyu
    • Journal of Environmental Health Sciences
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    • v.35 no.4
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    • pp.269-277
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    • 2009
  • Objective : The objective of this study was to examine how experts and the public perceived various environmental and technological hazards based on psychometric paradigm. Methods : We conducted a survey that included 30 hazards and 10 risk attributes. Subjects of this study were 214 people with three groups; (1) experts (55 people), (2) graduates( 78 people), (3) under graduates (81 people). Factor analysis was used to confirm the common risk attribute from 8 risk attributes. Also, multiple regression analysis was used to identify factors influencing on perceived risk and benefit of hazards. Results : This study revealed that experts tend to be more tolerant than graduates and under graduate students for the 30 hazards. Using factor analysis, two main factors were identified: factor 1, commonly called "Dread Risk", and factors 2, commonly called, "Unknown Risk" in the literature. We identified that environmental hormone concentration and global warming ranked high in both dread risk and unknown risk. Multiple regression models were used to test the association of perceived social risk and perceived social benefit with two main factors. Dread risk had significant explanatory power on perceived social risk and benefit. We identified that the experts were less likely to perceived dread risk and know more information about the hazards. Conclusions : There were differences of risk perception between experts and lay people. Especially, experts' perception of risk was commonly lower than other people's perception.

Plans for Reducing Risk through a Case Study of Risk Factors at a Construction Site -Focused on Earth work, Foundation Work, Reinforced Concrete Construction- (건설현장의 위험요소 사례연구를 통한 위험저감 방안의 고찰 -토공사, 기초공사, 철근콘크리트공사를 대상으로-)

  • Kim, Jin-Ho
    • Journal of the Korea Institute of Building Construction
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    • v.10 no.4
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    • pp.83-93
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    • 2010
  • With construction projects continuously becoming more massive and complex, risk factors have been consistently increasing. To achieve a successful project, it is very important to identify and cope with such risk factors. Therefore, the purpose of this study is to suggest plans of reducing risk, not only for describing the drafting process for construction planning but also for systematically organizing constraints and risk factors in earth work, foundation work and reinforced concrete construction. To achieve these objectives, this study 1) analyzes previous theories about risk classification structure, 2) performs a case study of an actual project to embody the problems of safety management by analyzing the results of an interview with a construction engineer. In conclusion, the following factors were systematically organized: 1) characteristics of construction site (purpose, structure, floor, etc.); 2) the actual application conditions of the main construction methods; 3) the relationship between constraints and risk factors.

The Usefulness of Obesity Indices for the Coronary Risk Factors in an Urban Inhabitants (도시지역 주민의 관상동맥질환 위험인자에 관련한 비만지표의 유용성 검토)

  • Park, Sung-Kyeong;Kim, Kwang-Hwan;Cho, Young-Chae
    • Journal of Preventive Medicine and Public Health
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    • v.39 no.6
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    • pp.447-454
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    • 2006
  • Objectives : To determine obesity for the screening of individuals at high risk of coronary heart disease in urban areas. Methods : Data were obtained from 4,137 adults between 19 and 85 years of age (2,372 males, 1,765 females), not recognized as taking medicines for cardiovascular diseases, who underwent a health check-up at the health promotion center of university hospitals in cities between Jan. 2003 and Dec. 2004. The variables studied were divided into two broad categories, and their relationships examined. obesity indices and risk factors for coronary heart disease. To reveal the relation between each of the obesity indices and the proportion of individuals at risk of coronary heart disease, the obesity indices were stratified and odds ratios obtained after age adjustment. Results : From a gender comparison of anthropometric measures, men were found to have significantly greater heights, weights, and waist and hip circumferences than women. From a gender comparison by the obesity indices, women were found to have significantly higher BMI, %Fat, waist to hip and waist to stature ratios than men. As obesity indices, the waist to stature ratio and the waist circumference were strongly correlated with coronary risk factors, both in men and women. The age-adjusted odds ratio of coronary risk factors increased significantly with increasing waist circumference, BMI, %fat, waist to hip and waist to stature ratios, and were highest specifically for the waist to stature ratio and the waist circumference. Conclusions : The study results showed that the waist to stature ratio and the waist circumference, as obesity indices, were most closely correlated with coronary risk factors. It is suggested that the waist to stature ratio and, specifically, the waist circumference can be effectively used in the field of health management for screening those with high levels of coronary risk factors.

A study on improvement of the safety level in university laboratory using the safety management assessment (안전관리 평가를 통한 연구실 안전수준 개선방안에 관한 연구 -호남지역 대학 중심으로-)

  • Park, Hai-Chun;Cho, Sang-Hoon;Sim, Chul-Woo
    • Journal of the Korea Safety Management & Science
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    • v.14 no.3
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    • pp.11-19
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    • 2012
  • Especially because of the distinctiveness that new experiments and research provoke coexistence of various risk factors, the researchers in university laboratory are being exposed to incidents that are difficult to predict. Due to the fact that the numbers of accidents that occur at the university laboratory are increasing, the necessity for laboratory safety management is on the rise. Most laboratory accidents are caused by the ability that can detect risk factors such as unsafe behavior or unsafe condition but is not working perfectly. In order to prevent researchers in advance from unsafe behavior or unsafe condition, effective safety education, systematic safety management, safe research environment, continuous safety check and proper measures after accident are the most important factors. In this study, survey was conducted in university laboratory to identify the factors that affect on safety management and to measure the safety management level. As a result, effective measures are proposed for the improvement of the safety management level.

A STUDY ON RISK WEIGHT USING FUZZY IN REAL ESTATE DEVELOPMENT PROJECTS

  • Sung Cho;Kyung-ha Lee ;Yong Cho ;Joon-Hong Paek
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.1176-1182
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    • 2009
  • Due to recession in real estate market, interest of risk analysis is increasing. Feasibility study in the first stage takes a great role in a project. There are not objectified tools which are able to cope with uncertainty of project, and feasibility study based on selected method of determinism does not include liquidity of weight risk. Also, shortage of consideration for subjective and atypical external factors causes inappropriate results. Therefore, this study proposes feasibility study model focused on risk factor influences in construction cost and sales cost. Considering effective level of cost based on objective risk factors and probable weight of risk by this model, real workers are able to bring correct and scientific decisions better than former method based on selective analysis of real estate development.

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