The DOI matches its Crossref record; 7 of the 7 references it cites were found in a registry or an index.
Systematic Risk Management Approach for Construction Projects
Abstract
Risk is inherently present in all construction projects. Quite often, construction projects fail to achieve their time, quality, and budget goals. A risk model entitled construction risk management system (CRMS) is introduced to help contractors identify project risks and systematically to analyze and manage them. The CRMS model is a logical substitute for the traditional intuitive unsystematic approach currently used by most contractors. The influence diagramming technique and Monte Carlo simulation are used as tools to analyze and evaluate project risks. Alternative risk management strategies are suggested. Such strategies include: risk avoidance, risk transfer, risk retention, loss reduction, and risk prevention and insurance.
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Cites
Readings on the Principles and Applications of Decision Analysis
Howard, R. A., & Matheson, J. E. (1989) · Cited by 685
Risk Analysis and Its Applications
Carter, H. (1984) · Journal of the Operational Research Society · doi:10.1057/jors.1984.90 · Cited by 219
Causes of Delay in the Construction Industry
Baldwin, J. R., Manthei, J. M., Rothbart, H. A., & Harris, R. B. (1971) · Journal of the Construction Division · doi:10.1061/jcceaz.0000305 · Cited by 118
METHODS FOR QUANTIFYING SUBJECTIVE PROBABILITIES AND MULTI‐ATTRIBUTE UTILITIES*†
Huber, G. P. (1974) · Decision Sciences · doi:10.1111/j.1540-5915.1974.tb00630.x · Cited by 117
Assessment and evaluation of subjective probability distributions
von Holstein, S., & Carl-Axel, S. (1970) · Medical Entomology and Zoology · Cited by 111
Development of Automated Aids for Decision Analysis
Miller, A. C., Merkhofer, I. I. I., Howard Miley, W., Matheson Ronald, A., Rice James, E., & Thomas, R. (1976) · Defense Technical Information Center (DTIC) · doi:10.21236/ada026379 · Cited by 74
Measurement of subjective probability
von Holstein, C.-A. S. S. (1970) · Acta Psychologica · doi:10.1016/0001-6918(70)90013-2 · Cited by 69
Cited by
Towards a better modelling and assessment of construction risk: Insights from a literature review
Taroun, A. (2014) · International Journal of Project Management · doi:10.1016/j.ijproman.2013.03.004 · Cited by 387
Identifying and assessing critical risk factors for BIM projects: Empirical study
Chien, K.-F., Wu, Z.-H., & Huang, S.-C. (2014) · Automation in Construction · doi:10.1016/j.autcon.2014.04.012 · Cited by 317
Eybpoosh, M., Dikmen, I., & Talat Birgonul, M. (2011) · Journal of Construction Engineering and Management · doi:10.1061/(asce)co.1943-7862.0000382 · Cited by 217
Risk Management in Construction Industry
Divya Sankar, S., Shashikanth, K., & Mahender, S. (2022) · Lecture Notes in Civil Engineering · doi:10.1007/978-981-16-5543-2_4 · Cited by 18
Metadata
- Authors
- Al‐Bahar, J. F., & Crandall, K. C.
- Venue
- Journal of Construction Engineering and Management
- Published
- 1990-09
- Volume
- 116
- Issue
- 3
- Pages
- 533-546
- ISSN
- 0733-9364 (ISSN-L)
- 1943-7862
- DOI
- 10.1061/(asce)0733-9364(1990)116:3(533
- OpenAlex
- W2040629268
- Cited by
- 414
- References
- 7
- FWCI
- 0.56
- Type
- journal article
- Language
- en
- Open access
- closed
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- Al‐Bahar, J. F., & Crandall, K. C. (1990). Systematic Risk Management Approach for Construction Projects. Journal of Construction Engineering and Management. https://doi.org/10.1061/(asce)0733-9364(1990)116%3A3(533
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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