| Title |
Project Risk Assessment Through Construction Sequence Analyses for Industrial Plant Construction Projects |
| Authors |
Lee, Kyusung ; Choi, Jaehyun |
| DOI |
http://dx.doi.org/10.6106/kjcem.2013.14.4.140 |
| Keywords |
Plant project management ; plant risk management ; Scheduling ; Activity Sequence ; Fuzzy theory |
| Abstract |
In 2011 and 2012, Korean construction firms awarded around $ 64.5. Billion each year from the overseas market in 2011. This contract value accounted for overwhelming portion of total overseas construction contract values, and this growth is expected to continue for the next decade. However, contract scopes awarded to the Korean construction firms mainly involve detailed design and construction phases due to their competitiveness for the construction techniques. In other words, front-end-engineering-design and construction project management are not considered part of core business due to the lack of project management skills and experience. The researchers focused on development of construction sequence model required to improve construction planning and scheduling skills for the Korean construction firms. The model identifies critical work items and the sequence throughout project execution process. In addition, the researchers developed a risk evaluation method by applying fuzzy theory to the critical construction activities for the industrial plant construction projects. Developed methodology will help project practitioners to develop project schedule in a timely and effective manner and evaluate project risks associated with scheduling process for the industrial plant construction projects. |