Structural Network Measures for Risk Assessment of Construction Projects
Publication: ASCE-ASME Journal of Risk and Uncertainty in Engineering Systems, Part A: Civil Engineering
Volume 6, Issue 1
Abstract
Risk assessment is an integral part of project management; however, its implementation is often challenging. One of the key challenges is how to collect reliable data for modeling risks. The objective of this paper is to introduce a network-based approach for risk assessment when data is limited or unreliable. The proposed structural network measures focus on relative connectivity of project tasks, resources, and risk events; or in other words, the data that are typically available from project planning and considered more reliable. The central concept is built upon the method called resource-based project risk management, which involves the identification and assessment of risks in terms of resource impacts and the subsequent effects on duration and/or cost of project tasks. The proposed methodology is illustrated using case study data.
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Data Availability Statement
Some or all data, models, or code generated or used during the study are available from the corresponding author by request.
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Published In
ASCE-ASME Journal of Risk and Uncertainty in Engineering Systems, Part A: Civil Engineering
Volume 6 • Issue 1 • March 2020
Copyright
©2019 American Society of Civil Engineers.
History
Received: Mar 21, 2019
Accepted: Jul 11, 2019
Published online: Dec 12, 2019
Published in print: Mar 1, 2020
Discussion open until: May 12, 2020
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