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Dissertation Project Risk Management

Abstract

The integration of risk management in major projects within the construction and oil and gas industries has never been more significant especially as these projects are becoming larger and more complex. The increased requirement for risk to be efficiently managed is also supported by the inflated amount of legislation in this area, mainly due to incidents like the Piper Alpha installation in 1988. Hence risk management is developing into a multifarious process which needs continual update throughout the project’s life. Even though the legislation has expanded, there is still no standardisation to which the firms are to perform risk management. Therefore, improvements to the techniques that are used are possible and necessary. Current methods are too conservative resulting in substantial costs and less understanding about the risks themselves. Therefore, more detailed risk management techniques are imperative. This thesis determines the five steps of risk management which are essential to achieve a controlled risk environment. The research involves an in-depth questionnaire canvassing the largest companies within the construction and the oil and gas industries in the UK, who are constantly involved with major projects. The questionnaire ascertains important information which will assist companies in selecting the most pertinent and successful techniques for each of the five steps. A case study from the oil industry is introduced and proposals are made to improve the quantitative risk analysis methodology. This, in turn, will aid the decision making process when confronted with technical risks and will ultimately produce a more controlled risk environment. In addition, valuable information will be gained due to a better understanding of the risks as well as maximising profits. A new risk analysis method is subsequently derived which is based on the use of the @RISK package. It is intended that the results of this thesis will be incorporated in future risk analyses.

URI
http://hdl.handle.net/1842/655

Showing result 1 - 5 of 93 swedish dissertations containing the words project risk management dissertation.

  • 1. On Risk Management of Electrical Distribution Systems and the Impact of Regulations

    University dissertation from Stockholm : KTH

    Author :Carl Johan Wallnerström; KTH.; [2008]
    Keywords :TEKNIK OCH TEKNOLOGIER; ENGINEERING AND TECHNOLOGY; Electrical Distribution System; Maintenance Management; Project Planning; Regulation; Reliability Analysis; Reliability Centred Maintenance RCM ; Reliability Centered Asset Management RCAM ; Risk Analysis; Risk Management; Risk Methods; the Network Performance Assessment Model NPAM ; TECHNOLOGY Electrical engineering; electronics and photonics Electric power engineering; TEKNIKVETENSKAP Elektroteknik; elektronik och fotonik Elkraftteknik;

    Abstract : The Swedish electricity market was de-regulated in 1996, followed by new laws and a new regulation applied to the natural monopolies of electrical distribution systems (EDS). These circumstances have motivated distribution systems operators (DSOs) to introduce more comprehensive analysis methods. READ MORE

  • 2. Risk management in construction projects a comparative study of the different procurement options in Sweden

    University dissertation from Luleå : Luleå tekniska universitet

    Author :Ekaterina Osipova; Luleå tekniska universitet.; [2008]
    Keywords :TEKNIK OCH TEKNOLOGIER; ENGINEERING AND TECHNOLOGY; Construction Engineering and Management; Byggproduktion;

    Abstract : Risks have a significant impact on a construction project's performance in terms of cost, time and quality. As the size and complexity of the projects have increased, an ability to manage risks throughout the construction process has become a central element preventing unwanted consequences. READ MORE

  • 3. MANAGING PROJECT UNCERTAINTY BY USING AN ENHANCED RISK MANAGEMENT PROCESS

    University dissertation from Institutionen för Innovation, Design och Produktutveckling

    Author :Rolf Olsson; Mälardalens högskola.; [2006]
    Keywords :TEKNIK OCH TEKNOLOGIER; ENGINEERING AND TECHNOLOGY; Risk management; uncertainty; project management; TECHNOLOGY Industrial engineering and economy Other industrial engineering and economics; TEKNIKVETENSKAP Industriell teknik och ekonomi Övrig industriell teknik och ekonomi; Innovation och design;

    Abstract : An increasing number of companies are focusing their efforts on project management. Project management is frequently used as an enabler for meeting an uncertain and turbulent environment. Consequently, the overall effectiveness of the project management process is essential for long-term profitability. READ MORE

  • 4. Risk management in small construction projects

    University dissertation from Luleå : Luleå tekniska universitet

    Author :Kajsa Simu; Luleå tekniska universitet.; [2006]
    Keywords :TEKNIK OCH TEKNOLOGIER; ENGINEERING AND TECHNOLOGY; Construction Engineering and Management; Byggproduktion;

    Abstract : The Swedish construction sector has for some time struggled with problems that result in increased costs, delays and faults. To sort out and analyse these problems, the federal government appointed a commission that produced the report "Skärpning gubbar" (2002). READ MORE

  • 5. Behind the Charts - Exploring Conditions for High Level Emergency Response Management in a Complex Environment

    University dissertation from Fire Safety Engineering and Systems Safety

    Author :Christian Uhr; Lunds universitet.; Lund University.; Lunds universitet.; Lund University.; [2007]
    Keywords :TEKNIK OCH TEKNOLOGIER; ENGINEERING AND TECHNOLOGY; TEKNIK OCH TEKNOLOGIER; ENGINEERING AND TECHNOLOGY; krishantering; ledning; trust; social networkanalysis; complex adaptive systems; emergency response management; crisis management; emergency management; disaster management; respons; responssystem; ledningssystem; nätverk; förtroende;

    Abstract : The thesis uses, as a starting point for a discussion of emergency response management, the problem of gradual coordinated adaptation of management functions in relation to an event and its dynamics. Empirical observations and analyses carried out in the research project show that important problemsolving processes not included in, and sometimes diverging from, planning and preparations frequently occur. READ MORE