Chapter
Jul 11, 2012
Barriers to Applying Probabilistic Risk Analysis in Design and Construction Projects
Authors: Christopher Senesi [email protected], Amy Javernick-Will [email protected], and Keith Molenaar [email protected]Author Affiliations
Publication: Construction Research Congress 2012: Construction Challenges in a Flat World
Abstract
Using a case study analysis of Construction Industry Institute (CII) and Project Management Institute (PMI) member companies, this CII-funded research sought to understand the current use of risk management tools in the industry, including deterministic and probabilistic project-control techniques. The results indicate that formal risk analysis is not adopted universally. Given the benefits realized from the use of these tools, this research sought to understand why organizations are not using more formal probabilistic approaches to risk management. The research uncovered several barriers organizations face when trying to implement these probabilistic approaches, including a lack of organizational support, a lack of procedures, a lack of technical expertise to implement and interpret outputs, and a lack of transparency amongst stakeholders. By focusing on overcoming these barriers through training employees, adopting processes and procedures for risk management, and regularly communicating with project stakeholders; organizations can implement more formal project risk management approaches when warranted.
Get full access to this article
View all available purchase options and get full access to this chapter.
Information & Authors
Information
Published In
Copyright
© 2012 American Society of Civil Engineers.
History
Published online: Jul 11, 2012
Permissions
Request permissions for this article.
Authors
Affiliations
Graduate Research Assistant, Department of Civil, Environmental, and Architectural Engineering, University of Colorado at Boulder, 428 UCB, Boulder, CO 80309-0428. E-mail: [email protected]
Assistant Professor, Department of Civil, Environmental, and Architectural Engineering, University of Colorado at Boulder, 428 UCB, Boulder, CO 80309-0428. E-mail: [email protected]
Professor, Department of Civil, Environmental, and Architectural Engineering, University of Colorado at Boulder, 428 UCB, Boulder, CO 80309-0428. E-mail: [email protected]
Metrics & Citations
Metrics
Citations
Download citation
If you have the appropriate software installed, you can download article citation data to the citation manager of your choice. Simply select your manager software from the list below and click Download.
Cited by
View Options
Get Access
Access content
Please select your options to get access
Log in/Register
Log in via your institution (Shibboleth)
ASCE Members:
Please log in to see member pricing
Purchase
Save for later Item saved, go to cart Information on ASCE Library Cards
ASCE Library Cards let you download journal articles, proceedings papers, and available book chapters across the entire ASCE Library platform. ASCE Library Cards remain active for 24 months or until all downloads are used. Note: This content will be debited as one download at time of checkout.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.
Get Access
Access content
Please select your options to get access
Log in/Register
Log in via your institution (Shibboleth)
ASCE Members:
Please log in to see member pricing
Purchase
Save for later Item saved, go to cart Information on ASCE Library Cards
ASCE Library Cards let you download journal articles, proceedings papers, and available book chapters across the entire ASCE Library platform. ASCE Library Cards remain active for 24 months or until all downloads are used. Note: This content will be debited as one download at time of checkout.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.