| Title |
The Development of Risk Management Process Model during Bidding Phase for Success of Oversea Construction Projects |
| Authors |
Seo, Jae-Pil ; Ryu, Han-Guk ; Son, Bo-Sik ; Choi, Yoon-Ki |
| DOI |
http://dx.doi.org/10.6106/KJCEM.2016.17.4.076 |
| Keywords |
Bidding Work Process ; Critical Success Factor ; Risk Factor ; Responsibility Assignment Matrix |
| Abstract |
Recently, the Contracts of International Construction Business has been decreased from the beginning of 2015 in Korea, although it has been steadily increased until 2014. This trend could be caused by Low-Price Contracts, the lack of Know-how and experience in operating, the poor management of Claims and Low-Profitability in Business. It has been recognized that the qualitative improvement of Business Contacts are necessary for successful Projects. In the Bidding Process, therefore, Experience data as In-House Data and Lessons Learned for projects should be strategically involved to assure riskless offers. Accordingly the Proposal Process are needed to be organized and enhanced by including processes for risks review about technical, marketing and commercial part during the bidding. This paper proposes a Risk Management Process model during Bidding Phase, using Risk Evaluation Method through the project life-cycle. The Concept of Model is to define CSF (Critical Success Factor) in the bidding process and Risk Factors are linked to CSF and Organization based on RAM (Responsibility assignment matrix). |