NDLI: Risk management of construction projects based on sandpile model: A frame of risk conduction

Content Provider	IEEE Xplore Digital Library
Author	Xu, B.B. Chen, Y.Q. Wang, C.M.
Copyright Year	2013
Description	Author affiliation: Dept. of Constr. Manage., Tianjin Univ., Tianjin, China (Xu, B.B.; Chen, Y.Q.; Wang, C.M.)
Abstract	With the rapid development of Chinese economy and society, more and more construction projects will be carried out, so how to manage risks becomes a matter of concern in construction projects. The starting point for the effective implementation of risk management is to identify sources of risk and risk conduction pathway. This paper first classifies risks of construction projects into categories from stakeholders' perspective, such as: endogenous risks and exogenous risks. Based on risk conduction theory and sandpile model, a framework of construction key risk conduction is established in this paper. Its application to risk management was also briefly illustrated. Finally, we propose a process to deal with varied risks. Studying the risks conduction will be helpful to understanding and managing risks in construction projects.
Starting Page	1530
Ending Page	1534
File Size	1595405
Page Count	5
File Format	PDF
ISBN	9781479909865
DOI	10.1109/IEEM.2013.6962666
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2013-12-10
Publisher Place	Thailand
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	risk conduction theory Schedules Analytical models risk management Insurance construction project sandpile model Safety Risk management Contracts
Content Type	Text
Resource Type	Article

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