TY - GEN
T1 - Proposing a Risk Management Model in Construction of Combined-Cycle Power Plant Projects
AU - Zohrehvandi, Shakib
AU - Tenera, Alexandra
N1 - FCT-PEST program UID/EMS/00667/2019.
PY - 2019/1/1
Y1 - 2019/1/1
N2 - Companies are increasingly focusing on identifying risks and managing them even before they affect project executing. Risk management can play a key part in identifying problems and taking preventive measures in this regard. This research focused on risk management in the implementation of a combined cycle power plant project. This paper aims at exploring the role of risks and risk management practices in construction of this type of projects by considering how they can impact the project’s time, quality, and cost. First, the project risk types were identified. The extent to which the project’s objectives were achieved was then considered on the basis of three criteria: time, cost, and quality. Next, the risks were categorized and prioritized through a risk breakdown structure. The obtained results revealed the most influential risks in the project. Finally, the proposed risk management model was used in the project which led to strengthening the performance impact of risk management practices in the risky project environment.
AB - Companies are increasingly focusing on identifying risks and managing them even before they affect project executing. Risk management can play a key part in identifying problems and taking preventive measures in this regard. This research focused on risk management in the implementation of a combined cycle power plant project. This paper aims at exploring the role of risks and risk management practices in construction of this type of projects by considering how they can impact the project’s time, quality, and cost. First, the project risk types were identified. The extent to which the project’s objectives were achieved was then considered on the basis of three criteria: time, cost, and quality. Next, the risks were categorized and prioritized through a risk breakdown structure. The obtained results revealed the most influential risks in the project. Finally, the proposed risk management model was used in the project which led to strengthening the performance impact of risk management practices in the risky project environment.
KW - Combined cycle power plant (CCPP) projects
KW - Project management
KW - Risk management
UR - http://www.scopus.com/inward/record.url?scp=85065737526&partnerID=8YFLogxK
U2 - 10.1007/978-3-030-17771-3_5
DO - 10.1007/978-3-030-17771-3_5
M3 - Conference contribution
AN - SCOPUS:85065737526
SN - 9783030177706
T3 - IFIP Advances in Information and Communication Technology
SP - 58
EP - 69
BT - Technological Innovation for Industry and Service Systems - 10th IFIP WG 5.5/SOCOLNET Advanced Doctoral Conference on Computing, Electrical and Industrial Systems, DoCEIS 2019, Proceedings
A2 - Camarinha-Matos, Luis M.
A2 - Almeida, Ricardo
A2 - Oliveira, José
PB - Springer
ER -