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Ballesteros-Pérez, P, Phua, F T T and Mora-Melià, D (2019) Human Resource Allocation to Multiple Projects Based on Members’ Expertise, Group Heterogeneity, and Social Cohesion. Journal of Construction Engineering and Management, 145(02).
Beltrão, L M P and Carvalho, M T M (2019) Prioritizing Construction Risks Using Fuzzy AHP in Brazilian Public Enterprises. Journal of Construction Engineering and Management, 145(02).
Carmichael, D G, Nguyen, T A and Shen, X (2019) Single Treatment of PPP Road Project Options. Journal of Construction Engineering and Management, 145(02).
Elmasry, M, Zayed, T and Hawari, A (2019) Multi-Objective Optimization Model for Inspection Scheduling of Sewer Pipelines. Journal of Construction Engineering and Management, 145(02).
Gurmu, A T (2019) Tools for Measuring Construction Materials Management Practices and Predicting Labor Productivity in Multistory Building Projects. Journal of Construction Engineering and Management, 145(02).
Hwang, B, Zhao, X and Yang, K W (2019) Effect of BIM on Rework in Construction Projects in Singapore: Status Quo, Magnitude, Impact, and Strategies. Journal of Construction Engineering and Management, 145(02).
Islam, M S, Nepal, M P and Skitmore, M (2019) Modified Fuzzy Group Decision-Making Approach to Cost Overrun Risk Assessment of Power Plant Projects. Journal of Construction Engineering and Management, 145(02).
- Type: Journal Article
- Keywords: Power plant projects; Cost overrun risks; Fuzzy logic; Risk assessment;
- ISBN/ISSN: 0733-9364
- URL: https://doi.org/10.1061/(ASCE)CO.1943-7862.0001593
- Abstract:
Cost overrun risk assessment in the preliminary stages of a power plant project is laden with subjectivity, uncertainty, imprecision, and the vagueness of expert judgment. Current fuzzy approaches to risk assessment in such projects specifically require improvements in the reliability and aggregation process of experts’ judgments as well as the incorporation of project phase–based risk assessment to comprehend the sources of the risks and their corresponding effects on cost overruns. In response, this study proposes a modified fuzzy group decision-making approach (FGDMA) and assesses cost overrun risks considering different project phases [(1) design and procurement, and (2) construction and commissioning] of the power plant projects of varying types, sizes/capacities, and contracts. The proposed methodology is applied to 10 different project scenarios to better understand the context of project risks and their profile and identify the critical cost overrun risks involved. This study will aid the comprehensive assessment of risks and increase the accuracy of project budgeting and contingency allocation decisions.
Jafari, A, Valentin, V and Bogus, S M (2019) Identification of Social Sustainability Criteria in Building Energy Retrofit Projects. Journal of Construction Engineering and Management, 145(02).
Koskela, L, Ferrantelli, A, Niiranen, J, Pikas, E and Dave, B (2019) Epistemological explanation of lean construction. Journal of Construction Engineering and Management, 145(02), 04018131 .
Liang, R, Zhang, J, Wu, C, Sheng, Z and Wang, X (2019) Joint-Venture Contractor Selection Using Competitive and Collaborative Criteria with Uncertainty. Journal of Construction Engineering and Management, 145(02).
Noktehdan, M, Shahbazpour, M, Zare, M R and Wilkinson, S (2019) Innovation Management and Construction Phases in Infrastructure Projects. Journal of Construction Engineering and Management, 145(02).
Poleacovschi, C, Javernick-Will, A, Tong, T and Wanberg, J (2019) Engineers Seeking Knowledge: Effect of Control Systems on Accessibility of Tacit and Codified Knowledge. Journal of Construction Engineering and Management, 145(02).
Sakhakarmi, S, Park, J and Cho, C (2019) Enhanced Machine Learning Classification Accuracy for Scaffolding Safety Using Increased Features. Journal of Construction Engineering and Management, 145(02).
Tokdemir, O B, Erol, H and Dikmen, I (2019) Delay Risk Assessment of Repetitive Construction Projects Using Line-of-Balance Scheduling and Monte Carlo Simulation. Journal of Construction Engineering and Management, 145(02).
Trinh, M T, Feng, Y and Mohamed, S (2019) Framework for Measuring Resilient Safety Culture in Vietnam’s Construction Environment. Journal of Construction Engineering and Management, 145(02).
Valente, C P, Brandalise, F M P and Formoso, C T (2019) Model for Devising Visual Management Systems on Construction Sites. Journal of Construction Engineering and Management, 145(02).
Xu, J, Shi, Y and Zhao, S (2019) Reverse Logistics Network-Based Multiperiod Optimization for Construction and Demolition Waste Disposal. Journal of Construction Engineering and Management, 145(02).
Yao, H, Chen, Y, Chen, Y and Zhu, X (2019) Mediating Role of Risk Perception of Trust and Contract Enforcement in the Construction Industry. Journal of Construction Engineering and Management, 145(02).
Yoo, W, Ozer, H and Ham, Y (2019) System-Level Approach for Identifying Main Uncertainty Sources in Pavement Construction Life-Cycle Assessment for Quantifying Environmental Impacts. Journal of Construction Engineering and Management, 145(02).