Key Design Issues in the Construction Project: Conceptual and Detailed Design Review Phases

The Malaysian construction industry is among the highest ranked industries that contributes to accident and fatality rates. The Guidelines on Occupational Safety and Health in Construction Industry (Management) (OSHCIM) has introduced guidelines for design risk reduction in the construction industry. It involves determining root causes and mitigating the risk by control of the causation of accidents. The objective of this study is to identify the key design issues during the conceptual and detailed design review phases in the construction project. Although some of the design considerations have already been proposed by the OSCHIM guidelines, however, further implementation need to be diverse and versatile by considering the current design practices that are already being practiced by the industry practitioners. The methodology of this research involves document reviews, and a questionnaire survey that was used to collect answers from respondents in the construction industry. According to the results, the key design issues in the conceptual phase involve the site condition, environmental influences, ground or ground water condition, existing structure, demolition, services, adjacent to major infrastructure, traffic disruption, access for works, adjacent to other properties and projects, and site restriction. Moreover, those found in the detailed phase involve the mechanized construction system, installation of prefabrication components, ease of process, structural opening, edge line, fall hazard, accident prevention, layout optimization, ease of activities, permanent safety features, provision of access, and fall hazard. However, it is the duty of the construction industry practitioners to make sure that all other design issues are also included into their construction project risk analysis. As proposed by the OSHCIM guidelines, the review of design risks in the construction project should consider safety in all the stages: during construction, operation, maintenance, modification, and demolition. Construction Industry Development Board (CIDB)

Análise de riscos de projetos: Combinando métodos multicritério / Project risk analysis: Combining multicriteria methods

Este artigo é uma versão de um trabalho publicado originalmente no simpósio brasileiro de pesquisa operacional (SBPO). O objetivo deste artigo é apresentar uma aplicação multicritério em uma questão central na análise de riscos: a priorização. Para isso, utilizou-se como metodologia a modelagem e simulação da aplicação combinada de 2 ferramentas multicritério nos dados de um projeto real. As ferramentas multicritério utilizadas foram: Elimination Et Choix Traduisant la Réalité (ELECTRE-Tri) para a classificação; e, Analytic Hierarchy Process (AHP) para a priorização. Nesse estudo, o resultado da aplicação das ferramentas multicritério foi comparado com o resultado real do projeto obtido pela aplicação da metodologia Project Management Institute (PMI). Como conclusão, observa-se que a abordagem multicritério teve um resultado similar ao PMI. Assim, sugere-se que a priorização de riscos do projeto, que é concebida sob uma lógica qualitativa pelo PMI, possa ser aparamentada de métodos multicritérios que apóiem a tomada de decisão. Nesse sentido, o artigo traz, como principal contribuição, uma proposta de modelo para a priorização de riscos de projetos.

Standard Project Risk Analysis Approach

Background: To stay competitive in a highly unpredictable market of today, companies must be able to manage project risks effectively. The basis for an effective risk management is a thorough risk analysis. Despite the availability of many different risk analysis approaches, companies can be reluctant to use them, since the models are usually complex and very time consuming.Objectives: The main objective is to present a simple, yet effective risk analysis approach that can also serve as a useful basis for resolving project risks.Methods/Approach: The proposed standard risk analysis approach is based on a standard risk model that deals with risk events and impacts separately and therefore allows for a separate planning of preventive and corrective measures. To classify risks and to represent them graphically, a risk map is used.Results: The use of the proposed approach is illustrated on a die-cast tool development project. The approach proved to be very simple to use and it served as a useful basis for resolving the identified risks.Conclusions: The main advantage of the proposed approach is its simplicity and clarity. It can also be used as a quick decision-making tool in a subsequent risk resolving process.

Economic Efficiency of Establishing Russian Aircraft Repair and Maintenance Service Centers using Subsidized Project Financing

This study analyses the development of the aviation industry in Russia, based on the "Strategy for the Development of the Aviation Industry of the Russian Federation until 2030". Also, it examines the procedures for developing an investment project to create aviation service centers for after-sales maintenance and repair of aircraft, as well as the mechanisms for justifying the discount rate and methods for assessing the effectiveness of the investment project (risk analysis). Furthermore, this article sets and solves the task of developing and evaluating the efficiency of the investment project of creating an aircraft after-sale technical maintenance and repair center for Sukhoi Superjet 100 (SSJ 100). In order to solve these problems, the methods of financial and economic analysis, budgeting, economic and mathematical modelling were used. The result of the work is a financial model of the investment project for the creation of SSJ 100 aircraft after-sales service and repair center.

Design Thinking as a Tool for the Analysis of Project Risks

This paper describes the method of project risk analysis based on design thinking and explores the possibility of its application for industrial investment projects. Traditional and suggested approaches to project risk management have been compared. Several risk analysis artifacts have been added to the standard list of artifacts. An iterative procedure for the formation of risk analysis artifacts has been developed, with the purpose of integrating the risk management process into strategic and prompt decision-making during project management. A list of tools at each stage of design thinking for risk management within the framework of real investment projects has been proposed. The suggested technology helps to determine project objectives and content and adapt them in regards to possible; as well as to implement measures aimed at reducing these risks, to increase productivity of the existing risk assessment and risk management tools, to organize effective cooperation between project team members, and to promote accumulation of knowledge about the project during its development and implementation.The authors declare no conflict of interest.

Managing Entrepreneurial Risks

An attempt to study the role of risk management from the perspective of an entrepreneur is made in this article. The main goal of this article is to identify the main patterns that define the characteristics of risk assessment in business as the main element contributing to the achievement of economic security of the organization. Methods of cognition, retrospective and documentary analysis, as well as synthesis, generalization, and systematization were used in the article. The goal is to study methods for assessing entrepreneurial risks. The object of the study is public relations associated with the formation of the risk management institution at the micro level. Various types of economic risks, methods of risk analysis and assessment, as well as risk mitigation strategies are explored in the article. Various risk management methods are used in the modern economic analysis. The most efficient way to reduce risk in conditions of instability of the economic and political situation in Russia is diversification, i.e., risk sharing among several business participants. The specifics of applying the project risk analysis methods in practice are explored.