• Proceedings of the Korean Institute of Building Construction Conference
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• 2010.05b
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• pp.103-108
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• 2010

The purpose of this study is to analyze of the risk factors for oversea plants construction projects. For this study, risk factors data from related literature review, research organization and construction company was researched and classified under each EPC phases. In addition, a questionnaire survey by plant experts was conducted for analysis of risk weight and costs and time impact on each EPC phases. The results of this study are as follows: First, a detail design errors(engineering phase), a equipment procurement plan(procurement phase), and exchange rate fluctuations(construction phase) were analyzed the highest weight factors. Second, a financing plan(engineering phase), quantity take-off bill(procurement phase), and exchange rate fluctuations(construction phase) were analyzed the highest cost impact factors. Third, detail design errors(engineering phase), a equipment procurement plan(procurement phase), and schedule management errors(construction phase) were analyzed the highest time impact factors.

• Journal of the Korean Society of Safety
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• v.23 no.6
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• pp.144-149
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• 2008

The purpose of this study is to present the standard risk index according to work type in the bridge construction without regard to the bridge type. The bridge construction cases were researched on the actual condition. construction accidents were investigated from 1998 to 2005. In this paper, we developed a standard risk index for efficient bridge construction safety system.

• Journal of the Korea Safety Management & Science
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• v.19 no.4
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• pp.11-24
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• 2017

This study attempted to establish fire risk factors and preventive measures for each of five major types of construction, focusing on construction sites. For this purpose, disaster cases were analyzed and countermeasures were prepared. In addition, fire risk factors and flammable and combustible materials by construction type according to construction process were identified and preventive measures thereof were suggested. The results of this study can be used to establish policy improvement directions that meet various educational needs and expectations by identifying the use status of flammable and combustible materials and figuring out the fire risk factors according to the process by work type in construction sites.

• Korean Journal of Construction Engineering and Management
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• v.21 no.1
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• pp.32-39
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• 2020

The purpose of this study is to derive the risk factors that occurred during the construction of the temporary aircraft runway and to analyse the risk costs and loss costs. For this purpose, actual construction data made during the construction of the aircraft runway were investigated. And the risk factors that occurred during the construction work were derived. So the increased construction costs and loss costs due to risk factors were analyzed. The results of this study are as follows: 1)The number of risk factors that occurred during the construction of the aircraft runway was derived from eight. 2)It was calculated that the total risk cost of 5.2million won, the risk cost of the owner's should be 243 million won and the cost of the contractor should be 277million won. 3)Owner's was up 2.36% from its planned budget and the contractor lost -277million won out of its planned profit of 443million won, resulting in a residual profit of 165million won. The results of the study are used as a reference for estimating risk factors and contingency that should be considered in aircraft runway construction.

• International conference on construction engineering and project management
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• 2011.02a
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• pp.534-541
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• 2011

Risk evaluation approaches for bidding on international construction projects are typically partitioned into three stages: country selection, project classification, and bid-cost evaluation. However, previous studies are frequently under attack in that they have several crucial limitations: 1) a dearth of studies about country selection risk tailored for the overseas construction market at a corporate level; 2) no consideration of uncertainties for input variable per se; 3) less probabilistic approaches in estimating a range of cost variance; and 4) less inclusion of covariance impacts. This study thus suggests a three-staged risk evaluation model to resolve these inherent problems. In the first stage, a country portfolio model that maximizes the expected construction market growth rate and profit rate while decreasing market uncertainty is formulated using multi-objective genetic analysis. Following this, probabilistic approaches for screening bad projects are suggested through applying various data mining methods such as discriminant logistic regression, neural network, C5.0, and support vector machine. For the last stage, the cost overrun prediction model is simulated for determining a reasonable bid cost, while considering non-parametric distribution, effects of systematic risks, and the firm's specific capability accrued in a given country. Through the three consecutive models, this study verifies that international construction risk can be allocated, reduced, and projected to some degree, thereby contributing to sustaining stable profits and revenues in both the short-term and the long-term perspective.

• Journal of the Korean Society of Safety
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• v.20 no.4 s.72
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• pp.71-77
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• 2005

There are insufficient models that find problems and solutions for accident prevention through risk assessment and suggest safe work process and work instruction from foundation works to finish work for accident decrease. This paper presents a quantitative risk assessment model by analysis of risk factors in each process such as foundation, erection, structure, equipment finish and etc based on accident examples and investigation on actual condition in building. In addition, the safety management system was developed to perform risk assessment of construction and use it for effective safety training for labor.

• Journal of the Korea Society of Computer and Information
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• v.26 no.8
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• pp.139-147
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• 2021

In this study, we proposed the possibility of reliability analysis of risk index by using Monte Carlo simulation as basic data of safety accident occurrence data and expert opinion by construction industry type. Through this, it is expected that risk index for safety accidents according to detailed types of works will be presented stochastically and it will be possible to predict the risk factors and the expected range of damage based on the reliability analysis in the construction safety management plan. It will also reduce many of the planning risks that are common to decision makers in the field of construction management. In identifying risks, road bridge construction was classified into earthworks, drainage works, and bridge construction, and possible safety accidents were classified based on expert data. The risk index was calculated for each detailed construction of road and bridge construction, drainage construction, and bridge construction.

• Korean Journal of Construction Engineering and Management
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• v.9 no.1
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• pp.134-142
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• 2008

Recently, international plants construction markets are expending. Specially, oil/gas plants constructions in Middle-East are booming. However, international plants construction projects are high risky. So a risk assessments and managements methodology for international plants construction is needed. In this study, the risk assessment methodology for international plants construction is proposed on the basis of the literature review in the international construction risk assessment methods and the knowledge of experts explored by interview. In addition, case study in Middle East was applied for reviewing these risk assessments and managements methodology for international plants construction.

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

• International conference on construction engineering and project management
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• 2009.05a
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• pp.566-572
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• 2009

Turn-key and CMF(CM for Fee) have been selected as procurement paths of large public projects in Korea. However, recently, researches and discussions on CMR(CM at Risk) have been popular as the Korean government seeks for alternative procurement paths to enhance the performance. In the CMR projects, the part who is responsible for construction management should predict and control the potential risks for guaranteeing benefits. In this paper, CMR projects in which a general contractor plays the role as CMr is mainly analyzed. We give attentions to risk management during construction process given that subcontractors, main parts in this phase, work in various ways and thus more chances for faults exist. In this case, for the general contractor, to recognize potential risks in previous to start construction works of subcontractor by means of virtual design and construction (VDC) must be essential to this end. The case study of practices on VDC in U.S in which CMR has been introduced can provide considerable aspects to implement it in Korea.