ABSTRACT
A GENERIC RISK AND VULNERABILITY ASSESSMENT FRAMEWORK FOR
INTERNATIONAL CONSTRUCTION PROJECTS
Ö / zcan, Gü / lbin
M.Sc., Department of Civil Engineering
Supervisor: Assoc. Prof. Dr. /rem Dikmen Toker
Co-Supervisor: Prof. Dr. M. Talat Birgö / nü / l
July 2008, 105 pages
Project Risk Management (PRM) comprises of identification and
assessment, analysis and mitigation of risk factors in order to meet the
project objectives. Risk identification and assessment process has the
greatest importance as the risk models are constructed based on
previously defined risk sources and their interrelations. Although previous
studies have concentrated on the relation between risk events and their
consequences, the link between them must be modeled by considering
the various chains of risk events and the capacity of a &ldquo / system&rdquo / to react
to risk events simultaneously. The concept of &ldquo / risk paths&rdquo / should be used
to identify chains of risk events by means of a Hierarchical Risk
Breakdown Structure (HRBS) rather than defining individual risk factors.
The &ldquo / system&rdquo / consists of the characteristics of the project, company and
involved parties. The word &ldquo / vulnerability&rdquo / is used to describe the degree
v
to which a project is susceptible to adverse effects of change. The aim of
the current study is to develop a common vocabulary and design a HRBS
that integrates vulnerability factors with risk factors. A generic risk and
vulnerability assessment framework for international construction
projects is presented in this research. The justification of the factors
considered within the breakdown structure has been achieved by
referring to real construction projects carried out by Turkish contractors
in international markets.
| Identifer | oai:union.ndltd.org:METU/oai:etd.lib.metu.edu.tr:http://etd.lib.metu.edu.tr/upload/12609721/index.pdf |
| Date | 01 July 2008 |
| Creators | Ozcan, Gulbin |
| Contributors | Dikmen Toker, Irem |
| Publisher | METU |
| Source Sets | Middle East Technical Univ. |
| Language | English |
| Detected Language | English |
| Type | M.S. Thesis |
| Format | text/pdf |
| Rights | To liberate the content for public access |
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