Construction Risk Taxonomy: An International Convergence of Academic and Industry Perspectives

Risk management is a topic heavily researched and important for industry professionals. Both academic and industry perspectives are critical to advancing this field, especially in risk identification and taxonomy. A unique comparison and convergence of these perspectives is developed in order to understand the most relevant risks for projects and to ensure they are addressed in the risk management process. This comparison is created via a content analysis of the relevant literature and a survey to industry professionals. The differences and similarities among risks are analyzed, revealing that both perspectives emphasize financial/economic risks. The literature tends to focus on political; acts of God classified risks, whereas the industry places emphasis on regulatory risks. An elaboration of variations is performed aiming to improve the literature-based taxonomy taking into account the industry perspective to ensure its risk management process responds to these risks and provides a clearer focus towards future research

Propuesta guía para una planeación y ejecución en proyectos de vivienda unifamiliar con enfoque Lean Construction

Trabajo de investigaciónEste trabajo contempla el desarrollo de una matriz enfocada en la metodología Lean Construction para la planeación y ejecución en proyectos de vivienda unifamiliar. Así mismo se evidencia un análisis de manera cuantitativa y cualitativamente en la adopción de la filosofía Lean Construction en procesos de la gestión de la planeación y ejecución de proyectos, que permite establecer un orden de actividades y sub actividades que componen las fases de un proyecto de vivienda unifamiliar en la relación del alcance exitoso en productividad y rendimiento.INTRODUCCIÓN 1. GENERALIDADES 2. METODOLOGÍAS EN EL MARCO DE LA PLANEACIÓN Y EJECUCIÓN DE PROYECTOS 3. LEAN CONSTRUCTION EN ACTIVIDADES DE CONSTRUCCIÓN 4. IMPLEMENTACIÓN DE LA MATRIZ EN CASO DE ESTUDIO 5. CONCLUSIONES 6. RECOMENDACIONES BIBLIOGRAFÍA ANEXOSPregradoIngeniero Civi

A Feasibility Study of Best Value in Italy

A variety of business models for performance and quality are being proliferated in the construction and services industry. In Europe, specifically in the Netherlands, the Best Value (BV) business model is being applied and is having positive impacts, making it further attractive to countries that are new to BV and looking for improvements. A feasibility study of BV in Italy is conducted via: a brief synopsis of BV, a resource and environmental analysis, and presentation of the results of a survey carried out to determine the degree of achievability of BV in Italy are analyzed. The feasibility regarding the approach to implementation of BV is also discussed. The results of the industry survey are analysed to understand the overall contracting environment and hypothesize on the potential outcomes of the utilization of BV in the Italian construction and services industry. A list of recommendations to utilize BV is developed

A review of quantitative analysis techniques for construction project risk management

Construction industry is at the forefront of risk: it involves situations where uncertainty is a norm. Based on the volatility built into the very nature of this industry, risk management has been an integral part of construction management. The variety of risks faced in construction industry is enormous and there are correspondingly various techniques available to respond to the critical situations. Quantitative analysis techniques, based on their sophisticated mathematical, statistical and scientific background, promise a detailed and thorough quantification and measurement of risk, which is very important for designing the response. A construction project manager may not be able to plan the response effectively without an exhaustive knowledge of the volume of risk. This paper presents a review of various quantitative risk analysis techniques. It tries to build an overall understanding of various existing quantitative techniques for construction project risk analysis. It initially uses results of a survey to find out the trends of construction industry, globally, in terms of utilization of quantitative risk analysis and relevant techniques. Further, it looks into the details of the techniques from the published material. Finally, it reports some critical findings from the survey and literature review, and their logical and scientific deduction by stressing both, researchers and practitioners, towards the need for simplifying the existing quantitative techniques. It also tries to identify some research gaps. In conclusion, it proposes areas of future research in quantitative techniques for construction project risk management by improving existing techniques or making new ones

Current Italian Trends and Analysis for Innovations in Contracting

The current contracting environment in the construction and services sectors in Italy is heavily impacted by poor economic conditions, making new methods and innovations in procurement and supply chain management attractive. Prior to the implementation of any new restructuring methods or innovations, a proper understanding of the overall state of the Italian economy, including legal implications, current contracting trends, and goals is requisite. Government reports, published statistics, and a recent industry survey are examined and compared. The main challenges in the Italian construction market are identified as: a primarily price-based selection criterion, difficulty for vendors to differentiate themselves, administrative challenges, and decreasing investment. A survey is developed and distributed to Italian construction professionals in order to gain insight into these current industry challenges. Targeted areas and strategies for potential improvement such as financing, procurement, selection, pre-planning, management, and supply chain innovations are suggested. Proposed solutions to the challenges identified are analysed and a future direction for potential Italian construction industry innovations is formed

A review of quantitative analysis techniques for construction project risk management

Construction industry is at the forefront of risk: it involves situations where uncertainty is a norm. Based on the volatility built into the very nature of this industry, risk management has been an integral part of construction management. The variety of risks faced in construction industry is enormous and there are correspondingly various techniques available to respond to the critical situations. Quantitative analysis techniques, based on their sophisticated mathematical, statistical and scientific background, promise a detailed and thorough quantification and measurement of risk, which is very important for designing the response. A construction project manager may not be able to plan the response effectively without an exhaustive knowledge of the volume of risk. This paper presents a review of various quantitative risk analysis techniques. It tries to build an overall understanding of various existing quantitative techniques for construction project risk analysis. It initially uses results of a survey to find out the trends of construction industry, globally, in terms of utilization of quantitative risk analysis and relevant techniques. Further, it looks into the details of the techniques from the published material. Finally, it reports some critical findings from the survey and literature review, and their logical and scientific deduction by stressing both, researchers and practitioners, towards the need for simplifying the existing quantitative techniques. It also tries to identify some research gaps. In conclusion, it proposes areas of future research in quantitative techniques for construction project risk management by improving existing techniques or making new one

Education and Simulation of Best Value in an International Academic Setting: A Case Study

An innovative application of the Best Value (BV) business model to an international academic setting is tested via a simulation at an International Engineering University in Italy. The BV business model is applied in a Project Management (PM) course via educational sessions and a group project. The ensuing simulation provides a testament to the following characteristics of BV as: 1)instructive; 2)transformative; 3)flexible; and 4)multicultural. The performance information as a result of utilizing BV concepts in the course curriculum and group project is presented, reveling that, compared to previous years, the project was clearer, evaluations saved time, evaluations limited subjectivity, and the students’ performance increased overall. The BV business model contributed to positive transformative learning experiences for students and instructors

A review of quantitative analysis techniques for construction project risk management

Construction industry is at the forefront of risk: it involves situations where uncertainty is a norm. Based on the volatility built into the very nature of this industry, risk management has been an integral part of construction management. The variety of risks faced in construction industry is enormous and there are correspondingly various techniques available to respond to the critical situations. Quantitative analysis techniques, based on their sophisticated mathematical, statistical and scientific background, promise a detailed and thorough quantification and measurement of risk, which is very important for designing the response. A construction project manager may not be able to plan the response effectively without an exhaustive knowledge of the volume of risk. This paper presents a review of various quantitative risk analysis techniques. It tries to build an overall understanding of various existing quantitative techniques for construction project risk analysis. It initially uses results of a survey to find out the trends of construction industry, globally, in terms of utilization of quantitative risk analysis and relevant techniques. Further, it looks into the details of the techniques from the published material. Finally, it reports some critical findings from the survey and literature review, and their logical and scientific deduction by stressing both, researchers and practitioners, towards the need for simplifying the existing quantitative techniques. It also tries to identify some research gaps. In conclusion, it proposes areas of future research in quantitative techniques for construction project risk management by improving existing techniques or making new ones

A proposal for the integration of information requirements within infrastructure digital construction

There has been rapid development and adoption of the digital construction process globally, and this has led to the production of vast volumes of asset information. Following the implementation of the process on an highways project in the United Kingdom, it was observed that the current BIM process could potentially lead to an overload of information which could diminish the value of implementing the process. It was also observed that some of the asset information could be of great value, but had not been specified in the information requirements. To address these issues, a programme of research is proposed which will be broken down into three main stages. These will include a review of the implementation of the process on an existing infrastructure project, the establishment of a formalized approach to establish these requirements through discussions with industry experts, and the development of a framework which will facilitate the extraction of information that brings the most value to the user. This paper presents the first of these stages, and then introduces the approaches that will be taken to address the next two stages to create the framework for the generation of valued information requirements

Building Lifecycle Management System for Enhanced Closed Loop Collaboration

| openaire: EC/H2020/688203/EU//BIoTopeIn the past few years, the architecture, engineering and construction (AEC) industry has carried out efforts to develop BIM (Building Information Modelling) facilitating tools and standards for enhanced collaborative working and information sharing. Lessons learnt from other industries such as PLM (Product LifecycleManagement) – established tool in manufacturing to manage the engineering change process – revealed interesting potential to manage more efficiently the building design and construction processes. Nonetheless, one of the remaining challenges consists in closing the information loop between multiple building lifecycle phases, e.g. by capturing information from middle-of-life processes (i.e., use and maintenance) to re-use it in end-of-life processes (e.g., to guide disposal decision making). Our research addresses this lack of closed-loop system in the AEC industry by proposing an open and interoperable Web-based building lifecycle management system. This paper gives (i) an overview of the requirement engineering process that has been set up to integrate efforts, standards and directives of both the AEC and PLMindustries, and (ii) first proofs-of-concept of our system implemented on two distinct campus.Peer reviewe