• Title/Summary/Keyword: Risk management plan

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A Study on the Fire Safety Plan for Building Construction (건축물 건설공사 시 화재안전계획 수립에 관한 연구)

  • Jeong, Myeong-Jin;Lee, Myeong-Gu;Ham, Eun-Gu
    • Journal of the Korea Safety Management & Science
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    • v.14 no.4
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    • pp.31-37
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    • 2012
  • Recently buildings are constructed in larger and higher scales and becoming more complex. However from small to large scale buildings and on construction sites there still are fire safety accidents that occur continuously. Therefore to improve fire safety plan, examining the actual fire safety management and understanding fire risk analysis Using Fire Modeling through Computer Simulation. On this study, the permissible evacuation times were estimated for smoke fall, temperature, CO concentration, viability, etc. Fire safety management plans for fire safety were suggested.

Strategic Action Plan for Companies to Supply Safe Products Using AHP Technology (AHP를 활용한 안전한 제품을 공급하기 위한 기업의 전략적 실행방안)

  • Seo, JunHyeok;SungMin, Bae
    • Journal of Korean Society for Quality Management
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    • v.50 no.4
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    • pp.635-646
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    • 2022
  • Purpose: In this study, the detailed implementation plan for product safety evaluation and management suggested by KS A ISO 10377 to reduce the risk of harm to consumers and users is presented so that companies can strategically implement it. Methods: In order to achieve the purpose of this study, the upper elements and detailed execution plans shown in KS A 10377 are classified into hierarchies and set as a decision hierarchy. A pairwise comparison is performed to derive it. Results: Among the top factors, 'design safety (D)' was the most important factor, with 0.314. Therefore, ensuring safety in the design stage that can prevent defects in advance is the most important action plan for companies to supply safe products. Conclusion: The results of this study, it is intended to help companies and related organizations more easily understand and continuously apply KS A ISO 10377.

Project Schedule Risk Assessment Based on Bayesian Nets (베이지안넷 기반의 프로젝트 일정리스크 평가)

  • Sung, Hongsuk;Park, Chulsoon
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.39 no.1
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    • pp.9-16
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    • 2016
  • The project schedule risk in the engineering and facility construction industry is increasingly considered as important management factor because the risks in terms of schedule or deadline may significantly affect the project cost. Especially, the project-based operating companies attempt to find the best estimate of the project completion time for use at their proposals, and therefore, usually have much interest in accurate estimation of the duration of the projects. In general, the management of projects schedule risk is achieved by modeling project schedule with PERT/CPM techniques, and then performing risk assessment with simulation such as Monte-Carlo simulation method. However, since these approaches require the accumulated executional data, which are not usually available in project-based operating company, and, further, they cannot reflect various schedule constraints, which usually are met during the project execution, the project managers have difficulty in preparing for the project risks in advance of their occurrence in the project execution. As these constraints may affect time and cost which role as the crucial evaluation factors to the quality of the project result, they must be identified and described in advance of their occurrence in the project management. This paper proposes a Bayesian Net based methodology for estimating project schedule risk by identifying and enforcing the project risks and its response plan which may occur in storage tank engineering and construction project environment. First, we translated the schedule network with the project risks and its response plan into Bayesian Net. Second, we analyzed the integrated Bayesian Net and suggested an estimate of project schedule risk with simulation approach. Finally, we applied our approach to a storage tank construction project to validate its feasibility.

A Case Study of Six Sigma Project for Reducing the Project Costs through Project Risk Management (프로젝트 위험관리강화를 통한 원가개선의 6시그마 사례)

  • Jung, Ha-Sung;Lee, Dong-Wha;Lee, Min-Koo
    • Journal of Korean Society for Quality Management
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    • v.33 no.3
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    • pp.135-148
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    • 2005
  • This paper considers a six sigma project for reducing the project costs through project risk management. The project follows a disciplined process of five phases: define, measure, analyze, improve, and control. A risk management process map is used to identify process input and output variables. Seven key process input variables are selected by using C&E diagram and X-Y matrix and finally four vital few input variables are selected by the related statistical analysis. The optimum alternatives of the vital few input variables are obtained by the method of PUGH matrix. The process is running on control plan and we obtained substantial project cost reductions in early stage of the control phase.

Risk Based Approach to Business Planning and Management Control -Case Study on London Underground (위험도 기반에 의한 사업계획수립과 경영관리 -런던지하철 사례연구)

  • Jung, Won;Lim, Seung-Soo;Wang, Jong-Bae;Park, Chan-Woo
    • Proceedings of the KSR Conference
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    • 2007.05a
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    • pp.577-583
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    • 2007
  • In railway business plan, operations require a strategic and sustained level of planned investment to ensure assets are fit for purpose over the whole of their planned life. Therefore it is essential that operator can confidently plan and predict capital investment requirements over a number of years. This research addresses that how the London Underground apply a systematic risk based approach to their health and safety planning and investment decision making. Through this case study, we investigate the elements of management system that includes arrangements for the ongoing identification of hazards, assessment of risks and the implementation necessary control measures. Risk based business planning processes are also addressed.

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Identification of Railway Safety Issue for Mid and Long Term Safety Plan (중장기 철도안전계획 수립을 위한 철도시스템 문제점 도출 연구)

  • Kwak Sang-Log;Park Joo-Nam;Wang Jong-Bae;Cho Vun-Ok
    • Proceedings of the KSR Conference
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    • 2005.11a
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    • pp.32-37
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    • 2005
  • Many developed countries use risk based safety management system. Currently many research efforts are made for the application of risk concept in safety management within the boundary of the railway safety act 2005. But results of these efforts can be applied around 2008 due to many background data and analysis techniques. For the prompt and efficient construction of mid and long term safety plan$(2006\~2010)$ various reports on safety issues and expert opinions are analysed in this study without risk analysis. Identification of railway safety issues are summarized and effective measure are proposed in this study.

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A Study on the Risk Management of Projects to which the Real Estate Project Finance (부동산 PF사업의 리스크 관리에 관한 연구)

  • Kim, Sung-Chul;Lee, Jeong-Cheol;Lee, Chan-Sik
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2008.11a
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    • pp.491-496
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    • 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.

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A Framework of Managing Supply Chain Disruption Risks Using Network Reliability

  • Ohmori, Shunichi;Yoshimoto, Kazuho
    • Industrial Engineering and Management Systems
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    • v.12 no.2
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    • pp.103-111
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    • 2013
  • This paper discusses how to manage supply chain disruption risks from natural disasters or other low-likelihood-high-impact risk drivers. After the catastrophic earthquake in Eastern Japan and the severe flood in Thailand, most companies have been attempting to re-establish the business continuity plan to prevent their supply chain from disruption. However, the challenges for managers and individual risks are often interrelated, and thus, actions that mitigate one risk can end up being no contribution as a whole. In this paper, we describe a framework for assessing how much impact individual mitigation strategies have on the entire supply chain protection against disruption, using network reliability. We propose three categories of risk-mitigation approaches: Stabilization, Absorption, and Duplication. We analyze the situation under which each of these strategies is the best suitable. With a clear understanding of relations between these mitigation strategies and the entire supply chain risks, managers can select effective risk-reduction approaches to their supply chain.

Risk Factor Analysis in the Implementation Phase of the Housing Redevelopment Project (주택재개발사업 시행단계의 위험요인 분석)

  • Ahn, Jeong-Min;Jung, In-Su;Lee, Chan-Sik
    • Korean Journal of Construction Engineering and Management
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    • v.12 no.4
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    • pp.97-105
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    • 2011
  • As many stakeholders are taking part in the Housing Redevelopment Project, their opinion mediation is considering very important issues. Thus disputes on projects are inevitable due to complexity of interest. To effectively progress the project, this paper analyze the risk factors by phase in implementation phase that the association participates in person. We identify 50 of risk factors in implementation phase by reviewing and analyzing related studies and actual cases of disputes, then we present 26 of risk factors through experts interview. Also, we calculate weights of risk factors by using AHP for quantitatively analyzing them and present final weights and priorities of risk factors by summing weights of risk factors by phase. In results, it is found that 'the inappropriateness of the Management Disposal Plan' in management disposal plan phase and 'the inappropriateness of the Project Implementation Plan' are the most significant risk factors. To maximize the utilization of risk factors analyzed, we present the checklists that can be aware of these risks in advance and prevent these risks. Based on these findings, if risk factors in implementation phase are managed actively, the housing redevelopment project will be performed more effectively.

On the Analysis of Risk Management for a Utility Construction Work in Plant Projects (플랜트 유틸리티 시공에서 리스크 관리에 관한 연구)

  • Han, Ki-Don;Hur, Jin-Huek;Moon, Seung-Jae;Yoo, Hoseon
    • Plant Journal
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    • v.6 no.1
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    • pp.64-70
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    • 2010
  • From 2000, the world plant market, especially plant developing business related to oil and gas, has been increasing. Domestic construction companies advance to overseas plant construction market actively, and proportioning to this, an importance of utility construction is increasing. However, the project becomes large and high-tech, and many companies experience difficulty of project management due to relatively high risk of overseas construction. In this study, we built the standard process with which domestic company can evaluate the risk of overseas plant utility construction. Primary factors for risk evaluation is derived, classification system is made out, primary factor is analyzed, and counter plan is suggested. And thorough management of risk is performed by risk management organization that manages the risks, risk control methods, reports and monitors through risk sheet and risk action log from the start of project to the end.

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