Abstract
Uncertainties and risks are always associated with large real world projects and may obstacle and threaten projects in some ways. Failure in accurately identifying the project risks increases the total cost and may cause social and environmental damages as well as casualties during project execution. The aim of this study is to develop a mathematical programming model for selecting risk response strategies for construction projects. All risk response strategies for the analysed project have been identified and a mathematical model is presented based on project iron triangle; time, cost and quality to obtain the optimal risk response strategy for the construction project.
| Original language | English |
|---|---|
| Pages (from-to) | 609-616 |
| Number of pages | 8 |
| Journal | Procedia Computer Science |
| Volume | 121 |
| DOIs | |
| State | Published - 2017 |
| Externally published | Yes |
| Event | International Conference on ENTERprise Information Systems, CENTERIS 2017, International Conference on Project MANagement, ProjMAN 2017 and International Conference on Health and Social Care Information Systems and Technologies, HCist 2017 - Barcelona, Spain Duration: 8 Nov 2017 → 10 Nov 2017 |
Keywords
- optimization
- risk identification
- risk management
- risk response
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