A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
CONDITIONS OF SUSTAINABILITY OF INVESTMENT BUILDING PROJECTS BASED ON THE RISK MANAGEMENT CONCEPT
The author considers and analyzes different types of risks that an investment building project may be exposed to, as well as the influence of risks on the project life cycle; sustainability of organizations is studied in the context of risk as an attribute of uncertainty-related parameters of the external environment. The conceptual approach to managerial solutions based on (1) the criterion of flexibility, and (2) the rate of change of characteristics of external actions is proposed. The proposed approach serves as the basis for the following conclusions: the nature of project management as a system is based on the velocity of changes that affect the project sustainability environment; the methodology of risk management applicable to investment building projects based on decision making under conditions of ambiguity fails to guarantee the viability of the project in the turbulent environment, namely, the environment that demonstrates intensively changing characteristics; effective project implementation requires a reasonable combination of principles of optimal and extreme risk management; minimization of risky situations requires reduction of the project implementation period; development of domestic methodologies and standards of project risk management tailored to the conditions of our construction industry is a relevant assignment.
CONDITIONS OF SUSTAINABILITY OF INVESTMENT BUILDING PROJECTS BASED ON THE RISK MANAGEMENT CONCEPT
The author considers and analyzes different types of risks that an investment building project may be exposed to, as well as the influence of risks on the project life cycle; sustainability of organizations is studied in the context of risk as an attribute of uncertainty-related parameters of the external environment. The conceptual approach to managerial solutions based on (1) the criterion of flexibility, and (2) the rate of change of characteristics of external actions is proposed. The proposed approach serves as the basis for the following conclusions: the nature of project management as a system is based on the velocity of changes that affect the project sustainability environment; the methodology of risk management applicable to investment building projects based on decision making under conditions of ambiguity fails to guarantee the viability of the project in the turbulent environment, namely, the environment that demonstrates intensively changing characteristics; effective project implementation requires a reasonable combination of principles of optimal and extreme risk management; minimization of risky situations requires reduction of the project implementation period; development of domestic methodologies and standards of project risk management tailored to the conditions of our construction industry is a relevant assignment.
CONDITIONS OF SUSTAINABILITY OF INVESTMENT BUILDING PROJECTS BASED ON THE RISK MANAGEMENT CONCEPT
Morozenko Andrey Aleksandrovich (author)
2012
Article (Journal)
Electronic Resource
Unknown
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