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
Risk evaluation is one of the important elements of international engineering project management. The risk factors of international engineering projects are systematically analyzed from multiple dimension features of ...Risk evaluation is one of the important elements of international engineering project management. The risk factors of international engineering projects are systematically analyzed from multiple dimension features of the projects. The muhilayer evaluation index system for the international engineering project risk assessment is proposed and constructed, which consists of 8 I-grade indexes and 24 II-grade indexes as policy risk, market risk, resource risk, and technical scheme risk, schedule risk, funding risk, personnel risk and management risk. And then the self-evaluation and benchmarking evaluation methods are applied to evaluate the international engineering project risk, and established the corresponding mathematical models. Finally, a project evaluation example is given to illustrate the applicability and effectiveness of the mathematical models.展开更多
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.
基金supported by National Natural Science Foundation of China under Grant No.71172123Aviation Science Fund under Grant No.2012ZG53083humanities and social science research special task project of Chinese Ministry of education under Grant No.10JDSZ1010
文摘Risk evaluation is one of the important elements of international engineering project management. The risk factors of international engineering projects are systematically analyzed from multiple dimension features of the projects. The muhilayer evaluation index system for the international engineering project risk assessment is proposed and constructed, which consists of 8 I-grade indexes and 24 II-grade indexes as policy risk, market risk, resource risk, and technical scheme risk, schedule risk, funding risk, personnel risk and management risk. And then the self-evaluation and benchmarking evaluation methods are applied to evaluate the international engineering project risk, and established the corresponding mathematical models. Finally, a project evaluation example is given to illustrate the applicability and effectiveness of the mathematical models.
