Fully integrated web-based risk management systems for highly uncertain global projects

Seung Heon Han, Du Yon Kim, Hyoungkwan Kim, Yeonil Chung, Heedae Park, Seokjin Choi

Research output: Chapter in Book/Report/Conference proceedingConference contribution

1 Citation (Scopus)

Abstract

Overseas construction projects are exposed to diverse and complex risks, including political, economical, social, and cultural issues. They tend to have a high possibility of loss/failure compared to domestic projects. For this reason, risk management is getting more important, emphasized, and systemized so as to improve the project performance. Since each phase of a construction project causes different types of risk associated with decision-making process, risk management system for global projects should be tailored to satisfy the specific needs of the particular phase. In this way, various risk management issues that arise through the entire life cycle of the project can be constantly checked and monitored. This study reviews basic decision-making processes in the global construction projects, and presents a framework for risk management of each process of a sequential decision. A fully integrated risk management system is also developed as a decision supporting tool, using key risk factors of each stage of a project.

Original languageEnglish
Title of host publication2006 Proceedings of the 23rd International Symposium on Robotics and Automation in Construction, ISARC 2006
PublisherJapan Robot Association
Pages269-274
Number of pages6
ISBN (Print)4990271718, 9784990271718
DOIs
Publication statusPublished - 2006
Event23rd International Symposium on Robotics and Automation in Construction, ISARC 2006 - Tokyo, Japan
Duration: 2006 Oct 32006 Oct 5

Publication series

Name2006 Proceedings of the 23rd International Symposium on Robotics and Automation in Construction, ISARC 2006

Other

Other23rd International Symposium on Robotics and Automation in Construction, ISARC 2006
CountryJapan
CityTokyo
Period06/10/306/10/5

All Science Journal Classification (ASJC) codes

  • Artificial Intelligence
  • Human-Computer Interaction
  • Building and Construction

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  • Cite this

    Han, S. H., Kim, D. Y., Kim, H., Chung, Y., Park, H., & Choi, S. (2006). Fully integrated web-based risk management systems for highly uncertain global projects. In 2006 Proceedings of the 23rd International Symposium on Robotics and Automation in Construction, ISARC 2006 (pp. 269-274). (2006 Proceedings of the 23rd International Symposium on Robotics and Automation in Construction, ISARC 2006). Japan Robot Association. https://doi.org/10.22260/isarc2006/0052