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Data Analytics for Engineering and Construction Project Risk Management

Risk, Systems and Decisions

Format: Hardback
Publisher: Springer Nature Switzerland AG, Cham, Switzerland
Published: 4th Jun 2019
Dimensions: w 156mm h 234mm d 22mm
Weight: 730g
ISBN-10: 3030142507
ISBN-13: 9783030142506
Barcode No: 9783030142506
Synopsis
This book provides a step-by-step guidance on how to implement analytical methods in project risk management. The text focuses on engineering design and construction projects and as such is suitable for graduate students in engineering, construction, or project management, as well as practitioners aiming to develop, improve, and/or simplify corporate project management processes. The book places emphasis on building data-driven models for additive-incremental risks, where data can be collected on project sites, assembled from queries of corporate databases, and/or generated using procedures for eliciting experts' judgments. While the presented models are mathematically inspired, they are nothing beyond what an engineering graduate is expected to know: some algebra, a little calculus, a little statistics, and, especially, undergraduate-level understanding of the probability theory. The book is organized in three parts and fourteen chapters. In Part I the authors provide the general introduction to risk and uncertainty analysis applied to engineering construction projects. The basic formulations and the methods for risk assessment used during project planning phase are discussed in Part II, while in Part III the authors present the methods for monitoring and (re)assessment of risks during project execution.

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