In the current economic situation, strengthening the contract management of the construction cost has a beautifully role. At the same time, according to construction project cost management, the scientific management ...In the current economic situation, strengthening the contract management of the construction cost has a beautifully role. At the same time, according to construction project cost management, the scientific management of the contract, can promote the reasonable and balanced investment cost allocation in the quality and safety and other aspects of the project, so that the construction project can obtain higher added value, and to further promote China' s economic construction and accelerate the pace of the city. This paper first briefly elaborates our construction project cost of the contract management on the present situation, and some problems are analyzed and discussed, and then puts forward some suggestions on the measures and countermeasures for cost management of construction engineering contract.展开更多
Construction companies face threats from competition and must be able to adjust to modem technology and changes in customer expectations. These issues require efficient risk management techniques. The success of const...Construction companies face threats from competition and must be able to adjust to modem technology and changes in customer expectations. These issues require efficient risk management techniques. The success of construction companies running projects in international markets depends on how the risks arise from the host country conditions as well as the project specific risk factors. Successful management of risks requires identification of risks, construction of a risk model which can be used to assess the magnitude of risks, and implementation of response strategies so that an acceptable risk-return balance can be achieved. The project success usually depends on the combination of all risks, response strategies used to mitigate risks, and a company's ability to manage them. There exists a need to develop risk models containing the risks of doing business in international markets and factors that affect manageability of these risks. One of the market's critical challenges is scheduled management and the understanding and application of program management. This paper uses systematic risk identification, classification and analysis, and measurement and response methodologies to help international contractors quantify the risks of project development and accomplishment.展开更多
The Construction project green risks (CPGRs) refer to those threats to environment, energy sources and material re-sources during the entire life-cycle of a construction project. The emergent green risks in exploiting...The Construction project green risks (CPGRs) refer to those threats to environment, energy sources and material re-sources during the entire life-cycle of a construction project. The emergent green risks in exploiting these resources are of varying concern to all. In this paper, evolutionary game is introduced to make about impacts of strategy choices from interactions among the choices developers, and between the choices developers and EPDs on project green risk. The results show that CPGRs will occur if either developers find that not managing CPGRs has a better payoff than opting for CPGR management, or if monitors impose only mild fines even when they find CPGRs within construction projects of developer’s firms. The study also shows that there is a prohibitively expensive cost incurred by EPDs in monitoring CPGRs. Finally, some strategies are given for EPDs to help them make policies to regulate the strategies of developers.展开更多
The study was carried out exclusively in Ghana to explore the approaches employed by consultants in risk assessment at the design phase of projects in Ghana. One hundred and fourteen (114) consultants were selected ou...The study was carried out exclusively in Ghana to explore the approaches employed by consultants in risk assessment at the design phase of projects in Ghana. One hundred and fourteen (114) consultants were selected out of a population of one hundred and eighty six (186) from three main professional associations in Ghana made up of the Ghana Institute of Architects, Ghana Institution of Engineers and the Ghana Institution of Surveyors (Quantity Surveying Division) practicing in Ghana for the study. Both primary and secondary data were collected. A descriptive survey was also used to observe and describe the presence, frequency or absence of characteristics of a phenomenon as it naturally occurred, in order to gain additional information. A questionnaire was also designed to collect data from the architects, engineers and quantity surveyors. The data was analyzed using Statistical Package for the Social Scientists (SPSS) 17.0. Descriptive and inferential statistics, such as frequency tables, percentages and cross tabulations were used in the data analysis and summaries. Simple tests of associations were undertaken by using Chi square and Cramer’s V statistics to compare relationships between variables. Again, relative importance index was also used to analyze some of the data by computing to deduce their rankings. The relative importance index was used to analyze some of the data by computing to deduce their rankings. The research revealed that majority of consultants had an average knowledge of risk management. Based on the findings it was recommended that consultants undergo advanced training in risk assessment. It was therefore suggested that consultancy firms should develop a set of laid down procedures for consultants to use in risk assessment in order that the use of intuition employed by majority is lessened. The challenges observed in risk assessment and the remedial steps suggested curtailing the detrimental effects of risks would be of wide importance to many developing economies.展开更多
Egypt construction projects are associated with different levels of risks. The lack of familiarity of project management standards is one of the common risks in the construction industry in Egypt. The main aim of this...Egypt construction projects are associated with different levels of risks. The lack of familiarity of project management standards is one of the common risks in the construction industry in Egypt. The main aim of this paper is to identify the most significant risk factors affecting highway construction project in Egypt to decrease the likelihood and impact of those risks. The research method starts with extensive literature review to provide a prime risk factors list which was also augmented to expertise to reach final risk factor list which contains all risks that may be faced during highway construction. Subsequently, a set of 12 risk groups consisting of 73 risks was selected and a questionnaire survey was conducted to determine the likelihood and consequences of the identified risks. Later, a software application was developed using MATLAB to facilitate risk evaluation of highways projects. Results indicated that the risk factors arise from owner side is one of the most common risk factors in the construction industry in Egypt as the owner in the majority of construction project in Egypt is the governmental sector, however, the overall project risk of highway construction projects in Egypt is considered as at a medium level.展开更多
With the continuous development of the construction industry, the scale and volume of the construction project is expanding. And the project management of the construction project still has the big risk problem which ...With the continuous development of the construction industry, the scale and volume of the construction project is expanding. And the project management of the construction project still has the big risk problem which influenced by many factors. These risks will not only bring unnecessary interference to the construction of the project, but also may jeopardize the safety of people's life and property. It is the focus of this article to do a good job in risk aversion in the management of construction projects.展开更多
Reservoir plays an important role in the allocation and rational use of water resources, especially water resources in China are centrally distributed in the western region, and large reservoirs should be built to mee...Reservoir plays an important role in the allocation and rational use of water resources, especially water resources in China are centrally distributed in the western region, and large reservoirs should be built to meet the people’s livelihood needs of each region.</span><span style="white-space:normal;font-size:10pt;font-family:""> </span><span style="white-space:normal;font-size:10pt;font-family:"">The construction of large reservoirs has numerous risks, the clarity of these risks helps us to better plan and make decisions before implementing the project.</span><span style="white-space:normal;font-size:10pt;font-family:""> </span><span style="white-space:normal;font-size:10pt;font-family:"">Search through literature reading and professional information, determined 11 risk factors in the construction phase of the reservoir construction project case, construct a risk influencing factor system under the application of ISM (Interpretative Structural Modeling). Studies have shown that the risks of strategic guidelines and policies and changes in infrastructure planning have the deepest impact on construction risk management. Among them, the strategic policy risk is the root impact, and the impact of the infrastructure planning change risk has a far-reaching impact. Through the above conclusions, providing management countermeasures and suggestions for the risk control of reservoir construction.展开更多
文摘In the current economic situation, strengthening the contract management of the construction cost has a beautifully role. At the same time, according to construction project cost management, the scientific management of the contract, can promote the reasonable and balanced investment cost allocation in the quality and safety and other aspects of the project, so that the construction project can obtain higher added value, and to further promote China' s economic construction and accelerate the pace of the city. This paper first briefly elaborates our construction project cost of the contract management on the present situation, and some problems are analyzed and discussed, and then puts forward some suggestions on the measures and countermeasures for cost management of construction engineering contract.
文摘Construction companies face threats from competition and must be able to adjust to modem technology and changes in customer expectations. These issues require efficient risk management techniques. The success of construction companies running projects in international markets depends on how the risks arise from the host country conditions as well as the project specific risk factors. Successful management of risks requires identification of risks, construction of a risk model which can be used to assess the magnitude of risks, and implementation of response strategies so that an acceptable risk-return balance can be achieved. The project success usually depends on the combination of all risks, response strategies used to mitigate risks, and a company's ability to manage them. There exists a need to develop risk models containing the risks of doing business in international markets and factors that affect manageability of these risks. One of the market's critical challenges is scheduled management and the understanding and application of program management. This paper uses systematic risk identification, classification and analysis, and measurement and response methodologies to help international contractors quantify the risks of project development and accomplishment.
文摘The Construction project green risks (CPGRs) refer to those threats to environment, energy sources and material re-sources during the entire life-cycle of a construction project. The emergent green risks in exploiting these resources are of varying concern to all. In this paper, evolutionary game is introduced to make about impacts of strategy choices from interactions among the choices developers, and between the choices developers and EPDs on project green risk. The results show that CPGRs will occur if either developers find that not managing CPGRs has a better payoff than opting for CPGR management, or if monitors impose only mild fines even when they find CPGRs within construction projects of developer’s firms. The study also shows that there is a prohibitively expensive cost incurred by EPDs in monitoring CPGRs. Finally, some strategies are given for EPDs to help them make policies to regulate the strategies of developers.
文摘The study was carried out exclusively in Ghana to explore the approaches employed by consultants in risk assessment at the design phase of projects in Ghana. One hundred and fourteen (114) consultants were selected out of a population of one hundred and eighty six (186) from three main professional associations in Ghana made up of the Ghana Institute of Architects, Ghana Institution of Engineers and the Ghana Institution of Surveyors (Quantity Surveying Division) practicing in Ghana for the study. Both primary and secondary data were collected. A descriptive survey was also used to observe and describe the presence, frequency or absence of characteristics of a phenomenon as it naturally occurred, in order to gain additional information. A questionnaire was also designed to collect data from the architects, engineers and quantity surveyors. The data was analyzed using Statistical Package for the Social Scientists (SPSS) 17.0. Descriptive and inferential statistics, such as frequency tables, percentages and cross tabulations were used in the data analysis and summaries. Simple tests of associations were undertaken by using Chi square and Cramer’s V statistics to compare relationships between variables. Again, relative importance index was also used to analyze some of the data by computing to deduce their rankings. The relative importance index was used to analyze some of the data by computing to deduce their rankings. The research revealed that majority of consultants had an average knowledge of risk management. Based on the findings it was recommended that consultants undergo advanced training in risk assessment. It was therefore suggested that consultancy firms should develop a set of laid down procedures for consultants to use in risk assessment in order that the use of intuition employed by majority is lessened. The challenges observed in risk assessment and the remedial steps suggested curtailing the detrimental effects of risks would be of wide importance to many developing economies.
文摘Egypt construction projects are associated with different levels of risks. The lack of familiarity of project management standards is one of the common risks in the construction industry in Egypt. The main aim of this paper is to identify the most significant risk factors affecting highway construction project in Egypt to decrease the likelihood and impact of those risks. The research method starts with extensive literature review to provide a prime risk factors list which was also augmented to expertise to reach final risk factor list which contains all risks that may be faced during highway construction. Subsequently, a set of 12 risk groups consisting of 73 risks was selected and a questionnaire survey was conducted to determine the likelihood and consequences of the identified risks. Later, a software application was developed using MATLAB to facilitate risk evaluation of highways projects. Results indicated that the risk factors arise from owner side is one of the most common risk factors in the construction industry in Egypt as the owner in the majority of construction project in Egypt is the governmental sector, however, the overall project risk of highway construction projects in Egypt is considered as at a medium level.
文摘With the continuous development of the construction industry, the scale and volume of the construction project is expanding. And the project management of the construction project still has the big risk problem which influenced by many factors. These risks will not only bring unnecessary interference to the construction of the project, but also may jeopardize the safety of people's life and property. It is the focus of this article to do a good job in risk aversion in the management of construction projects.
文摘Reservoir plays an important role in the allocation and rational use of water resources, especially water resources in China are centrally distributed in the western region, and large reservoirs should be built to meet the people’s livelihood needs of each region.</span><span style="white-space:normal;font-size:10pt;font-family:""> </span><span style="white-space:normal;font-size:10pt;font-family:"">The construction of large reservoirs has numerous risks, the clarity of these risks helps us to better plan and make decisions before implementing the project.</span><span style="white-space:normal;font-size:10pt;font-family:""> </span><span style="white-space:normal;font-size:10pt;font-family:"">Search through literature reading and professional information, determined 11 risk factors in the construction phase of the reservoir construction project case, construct a risk influencing factor system under the application of ISM (Interpretative Structural Modeling). Studies have shown that the risks of strategic guidelines and policies and changes in infrastructure planning have the deepest impact on construction risk management. Among them, the strategic policy risk is the root impact, and the impact of the infrastructure planning change risk has a far-reaching impact. Through the above conclusions, providing management countermeasures and suggestions for the risk control of reservoir construction.