| Title |
The Case Study on Performance Measurement Weighting for Efficient Value Engineering Study of Sewage Treatment Facliity |
| Authors |
Park, Jaeil ; Kim, Dongiin ; Kim, Gyeonghyun ; Lim, Jongkwon ; Lee, Minjaee |
| DOI |
http://dx.doi.org/10.6106/KJCEM.2016.17.3.125 |
| Keywords |
Risk Analysis ; RBES ; Risk Management ; Risk Workshop |
| Abstract |
The Project Risk Management is intended to result in the effective management by identifying in advance and mitigating all significant risks including project risks and opportunities during the entire project life cycle - from project inception to completion of construction. It is impossible to predict an exact budget and construction duration before finishing a project. So, Washington Department of Transportation mandates that workshop-based risk management is conducted for projects over specific cost. However, the domestic construction sites have depended on numerical risk analysis without any workshop and efficient risk management have not made. Therefore, in this study, we propose the effective risk management using the RBES program which is very useful for workshop-based risk management and pre & post mitigation, by workshop-based risk management techniques. This proposed risk management approach is applied to a domestic 'A' river recovery project. It is concluded that we may expect the effect to mitigate the total cost overrun problem and the construction duration delay effect in the project by identifying significant risks and by preparing effective risk mitigation strategies. |