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Applying Probabilistic Risk Management in Design and Construction Projects

Publication No
RR280-11
Type
Academic Document
Publication Date
Sep 01, 2013
Pages
116
Research Team
RT-280
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DOCUMENT DETAILS
Abstract
Filters & Tags
Abstract
The design and construction of capital projects can be extremely complex. Uncertainty and risk add to this complexity and, as a result, many projects experience significant cost overruns and schedule delays. In order to better understand a project’s r
Filters & Tags
Knowledge Area
Project Controls, Project Planning, Risk Management
Best Practice
Project Risk Assessment
Project Phase
Feasibility, Detailed Scope, Detailed Design (Engineering), Construction
Project Function
Project Business Sponsor, Project Management, Project Controls, Risk Management, External Stakeholders
Industry Group
Light Industrial, Heavy Industrial, Buildings, Infrastructure
Research Topic
Probabilistic Risk Management in Design and Construction Projects
Keywords
Risk Management, Risk Register, Capital Projects, Risk Allocation, Risk Identification, Probabalistic Contols, Deterministic Risk Analysis, Probabalistic Approach, Probability, rt280

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