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Classification of Risks for International Construction Joint Ventures (ICJV) Projects
Several (ICJVs) have failed achieving time, cost and quality targets because of lack of an appropriate risk assessment methodology. This paper focuses on the analysis of the different ICJV risk environments. The related risks are analyzed into country, operating, sociopolitical and financial risks and then identified and grouped into internal, project specific, schedules, and major contract clauses risks. A simplified decision support system (RAMSCO) is proposed that breaks down project risks into discrete phases systematically. At each completion phase, there is a decision point where the up-date risk assessment can be reviewed and forth-coming actions can be identified giving the user a decision milestone whether to proceed or not. RAMSCO directs users through indices to minimize ICJV failure chances and evaluates the project's overall risk based on factor weighted ratings obtained from published researches. Two case studies are used to demonstrate RAMSCO's potential value.
Classification of Risks for International Construction Joint Ventures (ICJV) Projects
Several (ICJVs) have failed achieving time, cost and quality targets because of lack of an appropriate risk assessment methodology. This paper focuses on the analysis of the different ICJV risk environments. The related risks are analyzed into country, operating, sociopolitical and financial risks and then identified and grouped into internal, project specific, schedules, and major contract clauses risks. A simplified decision support system (RAMSCO) is proposed that breaks down project risks into discrete phases systematically. At each completion phase, there is a decision point where the up-date risk assessment can be reviewed and forth-coming actions can be identified giving the user a decision milestone whether to proceed or not. RAMSCO directs users through indices to minimize ICJV failure chances and evaluates the project's overall risk based on factor weighted ratings obtained from published researches. Two case studies are used to demonstrate RAMSCO's potential value.
Classification of Risks for International Construction Joint Ventures (ICJV) Projects
Abdelghany, Yasser (author) / Ezeldin, A. Samer (author)
Construction Research Congress 2010 ; 2010 ; Banff, Alberta, Canada
Construction Research Congress 2010 ; 1254-1263
2010-05-04
Conference paper
Electronic Resource
English
Classification of Risks for International Construction Joint Ventures (ICJV) Projects
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