DTU ProjectLab - User contributions [en-gb]

Risk management in Transport Infrastructure Projects (TIPs)

2022-03-23T20:48:04Z

Iliana Dritsa: /* References */

''Developed by Iliana Dritsa''

= Overview =

The main purpose of this article focused on risk analysis, identification and management techniques that are vital in a successful project delivery and enhanced communications between the stakeholders and organizations.

Transportation has become a vital need with the expansion of populations and the emergence of new technologies. Transport Infrastructure Projects (TIPs) are large scale projects in the transportation sector such as airports, high speed railways, bridges, and subway construction.

Risk is the possibility that actions and their resulting impacts will turn out differently than anticipated. Risk involves uncertainty which is something that applies to situations in which potential outcomes and causal forces aren’t understood completely.

==The Nature of Risks in Transport Projects==

Transport Infrastructure Projects (TIPs), technologically equipped projects, bring about numerous risks such as financial, technical, political, managerial, natural or legal. Being exposed to such risks in the planning and construction stage of TIPs, unexpected problems will likely emerge if possible risks are not identified and assessed beforehand.
The identification of risks in the planning phase of a project and the arrangement of impact values has become a requisite in increasing the success as well as minimizing the problems of a project.

Highway construction projects are subject to higher risks and uncertainties than other construction projects due to higher investments and more complexity and their dependency on economic, political and social challenges (Wilson, Molenaar 2009). Researchers can investigate the causes and additional costs in these projects using analysis of risk events.

A history of problems appears in major infrastructure projects that are related with delays, cost overruns, or failed procurement. (Figure 1) Most overruns seem to be avoidable and foreseeable. However, most of the problems that are observed are due to lack of forward-looking risk management. The structuring and delivery of modern large infrastructure projects is extremely complicated, and they suffer from undermanagement of risk in all the stages of the value chain. And projects like that will continue to become larger and more complex, there is demand for more systematic and effective approaches and solutions

==An overview of the general types of risk==

===Completion Risk===
Tecnhical risks appear in every project and it’s a reflection of the engineering difficulties and the innovation degrees. The contractor usually guarantees completion of the construction on a fixed budget and a fixed date. Operational risk summarizes the chances and uncertainties a project faces in terms of functionality that arises from inadequate or failed internal processes such as operating efficiency, available capacity, security failure or fraud.

===Market-related Risks===
Market related risks refer to the risk associated with any investment decision. Demand is one crucial parameter due to the fact is hard to forecast and creates high levels of risk. Failures to reach traffic volumes have been observed because the users of airports, tunnels, ports, highways and bridges have alternatives and it is extremely difficult to forecast the behavior. Other sources of market risk are changes in commodity or equity prices, market movements, foreign exchange fluctuations or interest rate moves.

===Institutional Risks===
Institutional risk is defined as the risk that the regulator will not meet its policy regulations and organizational objectives. In some countries with emerging economies or in countries whose regulation and laws are incomplete, institutional risks are typically seen as greatest.

==Research Method==

A survey was developed from a known study from El Sayegh to gather information of the respondents and to categorize the risk factors related with the large-scale infrastructure problems. The findings end up in eight more specific different types of risk and risk factors. The risk categories are related with: Construction, Management, Financial, Technical, Economic, Legal, Political and Natural-Environmental. The following figure illustrates the whole process which was followed in the study to assess and identify the risks of the large-scale infrastructure projects.

==Life Cycle Infrastructure management==

A case study from a major transportation operator back in 2011, showed a significant number of complexities and uncertainties that exist along the life cycle of a project.

In the same study, company and its senior management wanted to enhance the institutional risk management capabilities, so they decided a different approach with a systematic step change from daily practices behaviors and mind-sets

How risk management can be improved day to day:

-One of the most important issues is communication. A transparent and reliable communication is vital for the success of a project. Often a lack of communication has been observed between top teams of maintenance and civil engineering. An initial approach would be each team to discuss regularly in a structured way the major risks and possible solutions and to maintain a focused and continuous risk transparency.
-Interaction between contractor’s top teams and clients should be sufficient.

-One more task that companies face difficulties is to create risk management awareness from the top levels to the lower levels. Risk-mitigation actions could be improving the situation as they work as compliance mechanism.

- Lack of on-site transparency which can be improved with bottom-up escalation routes that will be clear or trigger points that are predefined

==Conclusions==

This article presents an overview of the different types of risk, the identification of risks in the planning and construction phase and it provides a conceptual framework that shows how to recognize them from an early stage.
As the transport infrastructure projects become more complex, proper risk identification is a crucial element for the fate of the projects. Changes from inside the life cycle of an organization in risk management to huge final decisions are equally important for a successful project.

== References ==

<references />

<ref name=https://backend.orbit.dtu.dk/ws/portalfiles/portal/4980374/Assessment+of+Transport+Projects+-+Risk+Analysis+and+Decision+Support.pdf />

https://eprints.whiterose.ac.uk/113285/10/Paper%20transport%20V27.pdf
<ref name=''Name'' />

Risk management in Transport Infrastructure Projects (TIPs)

2022-03-23T18:46:29Z

Iliana Dritsa: /* References */

''Developed by Iliana Dritsa''

= Overview =

The main purpose of this article focused on risk analysis, identification and management techniques that are vital in a successful project delivery and enhanced communications between the stakeholders and organizations.

Transportation has become a vital need with the expansion of populations and the emergence of new technologies. Transport Infrastructure Projects (TIPs) are large scale projects in the transportation sector such as airports, high speed railways, bridges, and subway construction.

Risk is the possibility that actions and their resulting impacts will turn out differently than anticipated. Risk involves uncertainty which is something that applies to situations in which potential outcomes and causal forces aren’t understood completely.

==The Nature of Risks in Transport Projects==

Transport Infrastructure Projects (TIPs), technologically equipped projects, bring about numerous risks such as financial, technical, political, managerial, natural or legal. Being exposed to such risks in the planning and construction stage of TIPs, unexpected problems will likely emerge if possible risks are not identified and assessed beforehand.
The identification of risks in the planning phase of a project and the arrangement of impact values has become a requisite in increasing the success as well as minimizing the problems of a project.

Highway construction projects are subject to higher risks and uncertainties than other construction projects due to higher investments and more complexity and their dependency on economic, political and social challenges (Wilson, Molenaar 2009). Researchers can investigate the causes and additional costs in these projects using analysis of risk events.

A history of problems appears in major infrastructure projects that are related with delays, cost overruns, or failed procurement. (Figure 1) Most overruns seem to be avoidable and foreseeable. However, most of the problems that are observed are due to lack of forward-looking risk management. The structuring and delivery of modern large infrastructure projects is extremely complicated, and they suffer from undermanagement of risk in all the stages of the value chain. And projects like that will continue to become larger and more complex, there is demand for more systematic and effective approaches and solutions

==An overview of the general types of risk==

===Completion Risk===
Tecnhical risks appear in every project and it’s a reflection of the engineering difficulties and the innovation degrees. The contractor usually guarantees completion of the construction on a fixed budget and a fixed date. Operational risk summarizes the chances and uncertainties a project faces in terms of functionality that arises from inadequate or failed internal processes such as operating efficiency, available capacity, security failure or fraud.

===Market-related Risks===
Market related risks refer to the risk associated with any investment decision. Demand is one crucial parameter due to the fact is hard to forecast and creates high levels of risk. Failures to reach traffic volumes have been observed because the users of airports, tunnels, ports, highways and bridges have alternatives and it is extremely difficult to forecast the behavior. Other sources of market risk are changes in commodity or equity prices, market movements, foreign exchange fluctuations or interest rate moves.

===Institutional Risks===
Institutional risk is defined as the risk that the regulator will not meet its policy regulations and organizational objectives. In some countries with emerging economies or in countries whose regulation and laws are incomplete, institutional risks are typically seen as greatest.

==Research Method==

A survey was developed from a known study from El Sayegh to gather information of the respondents and to categorize the risk factors related with the large-scale infrastructure problems. The findings end up in eight more specific different types of risk and risk factors. The risk categories are related with: Construction, Management, Financial, Technical, Economic, Legal, Political and Natural-Environmental. The following figure illustrates the whole process which was followed in the study to assess and identify the risks of the large-scale infrastructure projects.

==Life Cycle Infrastructure management==

A case study from a major transportation operator back in 2011, showed a significant number of complexities and uncertainties that exist along the life cycle of a project.

In the same study, company and its senior management wanted to enhance the institutional risk management capabilities, so they decided a different approach with a systematic step change from daily practices behaviors and mind-sets

How risk management can be improved day to day:

-One of the most important issues is communication. A transparent and reliable communication is vital for the success of a project. Often a lack of communication has been observed between top teams of maintenance and civil engineering. An initial approach would be each team to discuss regularly in a structured way the major risks and possible solutions and to maintain a focused and continuous risk transparency.
-Interaction between contractor’s top teams and clients should be sufficient.

-One more task that companies face difficulties is to create risk management awareness from the top levels to the lower levels. Risk-mitigation actions could be improving the situation as they work as compliance mechanism.

- Lack of on-site transparency which can be improved with bottom-up escalation routes that will be clear or trigger points that are predefined

==Conclusions==

This article presents an overview of the different types of risk, the identification of risks in the planning and construction phase and it provides a conceptual framework that shows how to recognize them from an early stage.
As the transport infrastructure projects become more complex, proper risk identification is a crucial element for the fate of the projects. Changes from inside the life cycle of an organization in risk management to huge final decisions are equally important for a successful project.

== References ==

<references />

<ref name=https://backend.orbit.dtu.dk/ws/portalfiles/portal/4980374/Assessment+of+Transport+Projects+-+Risk+Analysis+and+Decision+Support.pdf. </ref>

https://eprints.whiterose.ac.uk/113285/10/Paper%20transport%20V27.pdf

Risk management in Transport Infrastructure Projects (TIPs)

2022-03-23T18:45:09Z

Iliana Dritsa: /* References */

''Developed by Iliana Dritsa''

= Overview =

The main purpose of this article focused on risk analysis, identification and management techniques that are vital in a successful project delivery and enhanced communications between the stakeholders and organizations.

Transportation has become a vital need with the expansion of populations and the emergence of new technologies. Transport Infrastructure Projects (TIPs) are large scale projects in the transportation sector such as airports, high speed railways, bridges, and subway construction.

Risk is the possibility that actions and their resulting impacts will turn out differently than anticipated. Risk involves uncertainty which is something that applies to situations in which potential outcomes and causal forces aren’t understood completely.

==The Nature of Risks in Transport Projects==

Transport Infrastructure Projects (TIPs), technologically equipped projects, bring about numerous risks such as financial, technical, political, managerial, natural or legal. Being exposed to such risks in the planning and construction stage of TIPs, unexpected problems will likely emerge if possible risks are not identified and assessed beforehand.
The identification of risks in the planning phase of a project and the arrangement of impact values has become a requisite in increasing the success as well as minimizing the problems of a project.

Highway construction projects are subject to higher risks and uncertainties than other construction projects due to higher investments and more complexity and their dependency on economic, political and social challenges (Wilson, Molenaar 2009). Researchers can investigate the causes and additional costs in these projects using analysis of risk events.

A history of problems appears in major infrastructure projects that are related with delays, cost overruns, or failed procurement. (Figure 1) Most overruns seem to be avoidable and foreseeable. However, most of the problems that are observed are due to lack of forward-looking risk management. The structuring and delivery of modern large infrastructure projects is extremely complicated, and they suffer from undermanagement of risk in all the stages of the value chain. And projects like that will continue to become larger and more complex, there is demand for more systematic and effective approaches and solutions

==An overview of the general types of risk==

===Completion Risk===
Tecnhical risks appear in every project and it’s a reflection of the engineering difficulties and the innovation degrees. The contractor usually guarantees completion of the construction on a fixed budget and a fixed date. Operational risk summarizes the chances and uncertainties a project faces in terms of functionality that arises from inadequate or failed internal processes such as operating efficiency, available capacity, security failure or fraud.

===Market-related Risks===
Market related risks refer to the risk associated with any investment decision. Demand is one crucial parameter due to the fact is hard to forecast and creates high levels of risk. Failures to reach traffic volumes have been observed because the users of airports, tunnels, ports, highways and bridges have alternatives and it is extremely difficult to forecast the behavior. Other sources of market risk are changes in commodity or equity prices, market movements, foreign exchange fluctuations or interest rate moves.

===Institutional Risks===
Institutional risk is defined as the risk that the regulator will not meet its policy regulations and organizational objectives. In some countries with emerging economies or in countries whose regulation and laws are incomplete, institutional risks are typically seen as greatest.

==Research Method==

A survey was developed from a known study from El Sayegh to gather information of the respondents and to categorize the risk factors related with the large-scale infrastructure problems. The findings end up in eight more specific different types of risk and risk factors. The risk categories are related with: Construction, Management, Financial, Technical, Economic, Legal, Political and Natural-Environmental. The following figure illustrates the whole process which was followed in the study to assess and identify the risks of the large-scale infrastructure projects.

==Life Cycle Infrastructure management==

A case study from a major transportation operator back in 2011, showed a significant number of complexities and uncertainties that exist along the life cycle of a project.

In the same study, company and its senior management wanted to enhance the institutional risk management capabilities, so they decided a different approach with a systematic step change from daily practices behaviors and mind-sets

How risk management can be improved day to day:

-One of the most important issues is communication. A transparent and reliable communication is vital for the success of a project. Often a lack of communication has been observed between top teams of maintenance and civil engineering. An initial approach would be each team to discuss regularly in a structured way the major risks and possible solutions and to maintain a focused and continuous risk transparency.
-Interaction between contractor’s top teams and clients should be sufficient.

-One more task that companies face difficulties is to create risk management awareness from the top levels to the lower levels. Risk-mitigation actions could be improving the situation as they work as compliance mechanism.

- Lack of on-site transparency which can be improved with bottom-up escalation routes that will be clear or trigger points that are predefined

==Conclusions==

This article presents an overview of the different types of risk, the identification of risks in the planning and construction phase and it provides a conceptual framework that shows how to recognize them from an early stage.
As the transport infrastructure projects become more complex, proper risk identification is a crucial element for the fate of the projects. Changes from inside the life cycle of an organization in risk management to huge final decisions are equally important for a successful project.

== References ==

<references>

<ref name=https://backend.orbit.dtu.dk/ws/portalfiles/portal/4980374/Assessment+of+Transport+Projects+-+Risk+Analysis+and+Decision+Support.pdf. </ref>

https://eprints.whiterose.ac.uk/113285/10/Paper%20transport%20V27.pdf

Risk management in Transport Infrastructure Projects (TIPs)

2022-03-23T18:29:01Z

Iliana Dritsa: /* Conclusions */

''Developed by Iliana Dritsa''

= Overview =

The main purpose of this article focused on risk analysis, identification and management techniques that are vital in a successful project delivery and enhanced communications between the stakeholders and organizations.

Transportation has become a vital need with the expansion of populations and the emergence of new technologies. Transport Infrastructure Projects (TIPs) are large scale projects in the transportation sector such as airports, high speed railways, bridges, and subway construction.

Risk is the possibility that actions and their resulting impacts will turn out differently than anticipated. Risk involves uncertainty which is something that applies to situations in which potential outcomes and causal forces aren’t understood completely.

==The Nature of Risks in Transport Projects==

Transport Infrastructure Projects (TIPs), technologically equipped projects, bring about numerous risks such as financial, technical, political, managerial, natural or legal. Being exposed to such risks in the planning and construction stage of TIPs, unexpected problems will likely emerge if possible risks are not identified and assessed beforehand.
The identification of risks in the planning phase of a project and the arrangement of impact values has become a requisite in increasing the success as well as minimizing the problems of a project.

Highway construction projects are subject to higher risks and uncertainties than other construction projects due to higher investments and more complexity and their dependency on economic, political and social challenges (Wilson, Molenaar 2009). Researchers can investigate the causes and additional costs in these projects using analysis of risk events.

A history of problems appears in major infrastructure projects that are related with delays, cost overruns, or failed procurement. (Figure 1) Most overruns seem to be avoidable and foreseeable. However, most of the problems that are observed are due to lack of forward-looking risk management. The structuring and delivery of modern large infrastructure projects is extremely complicated, and they suffer from undermanagement of risk in all the stages of the value chain. And projects like that will continue to become larger and more complex, there is demand for more systematic and effective approaches and solutions

==An overview of the general types of risk==

===Completion Risk===
Tecnhical risks appear in every project and it’s a reflection of the engineering difficulties and the innovation degrees. The contractor usually guarantees completion of the construction on a fixed budget and a fixed date. Operational risk summarizes the chances and uncertainties a project faces in terms of functionality that arises from inadequate or failed internal processes such as operating efficiency, available capacity, security failure or fraud.

===Market-related Risks===
Market related risks refer to the risk associated with any investment decision. Demand is one crucial parameter due to the fact is hard to forecast and creates high levels of risk. Failures to reach traffic volumes have been observed because the users of airports, tunnels, ports, highways and bridges have alternatives and it is extremely difficult to forecast the behavior. Other sources of market risk are changes in commodity or equity prices, market movements, foreign exchange fluctuations or interest rate moves.

===Institutional Risks===
Institutional risk is defined as the risk that the regulator will not meet its policy regulations and organizational objectives. In some countries with emerging economies or in countries whose regulation and laws are incomplete, institutional risks are typically seen as greatest.

==Research Method==

A survey was developed from a known study from El Sayegh to gather information of the respondents and to categorize the risk factors related with the large-scale infrastructure problems. The findings end up in eight more specific different types of risk and risk factors. The risk categories are related with: Construction, Management, Financial, Technical, Economic, Legal, Political and Natural-Environmental. The following figure illustrates the whole process which was followed in the study to assess and identify the risks of the large-scale infrastructure projects.

==Life Cycle Infrastructure management==

A case study from a major transportation operator back in 2011, showed a significant number of complexities and uncertainties that exist along the life cycle of a project.

In the same study, company and its senior management wanted to enhance the institutional risk management capabilities, so they decided a different approach with a systematic step change from daily practices behaviors and mind-sets

How risk management can be improved day to day:

-One of the most important issues is communication. A transparent and reliable communication is vital for the success of a project. Often a lack of communication has been observed between top teams of maintenance and civil engineering. An initial approach would be each team to discuss regularly in a structured way the major risks and possible solutions and to maintain a focused and continuous risk transparency.
-Interaction between contractor’s top teams and clients should be sufficient.

-One more task that companies face difficulties is to create risk management awareness from the top levels to the lower levels. Risk-mitigation actions could be improving the situation as they work as compliance mechanism.

- Lack of on-site transparency which can be improved with bottom-up escalation routes that will be clear or trigger points that are predefined

==Conclusions==

This article presents an overview of the different types of risk, the identification of risks in the planning and construction phase and it provides a conceptual framework that shows how to recognize them from an early stage.
As the transport infrastructure projects become more complex, proper risk identification is a crucial element for the fate of the projects. Changes from inside the life cycle of an organization in risk management to huge final decisions are equally important for a successful project.

==References==
<references />
https://backend.orbit.dtu.dk/ws/portalfiles/portal/4980374/Assessment+of+Transport+Projects+-+Risk+Analysis+and+Decision+Support.pdf

https://eprints.whiterose.ac.uk/113285/10/Paper%20transport%20V27.pdf

Risk management in Transport Infrastructure Projects (TIPs)

2022-03-23T18:28:50Z

Iliana Dritsa: /* Life Cycle Infrastructure management */

''Developed by Iliana Dritsa''

= Overview =

The main purpose of this article focused on risk analysis, identification and management techniques that are vital in a successful project delivery and enhanced communications between the stakeholders and organizations.

Transportation has become a vital need with the expansion of populations and the emergence of new technologies. Transport Infrastructure Projects (TIPs) are large scale projects in the transportation sector such as airports, high speed railways, bridges, and subway construction.

Risk is the possibility that actions and their resulting impacts will turn out differently than anticipated. Risk involves uncertainty which is something that applies to situations in which potential outcomes and causal forces aren’t understood completely.

==The Nature of Risks in Transport Projects==

Transport Infrastructure Projects (TIPs), technologically equipped projects, bring about numerous risks such as financial, technical, political, managerial, natural or legal. Being exposed to such risks in the planning and construction stage of TIPs, unexpected problems will likely emerge if possible risks are not identified and assessed beforehand.
The identification of risks in the planning phase of a project and the arrangement of impact values has become a requisite in increasing the success as well as minimizing the problems of a project.

Highway construction projects are subject to higher risks and uncertainties than other construction projects due to higher investments and more complexity and their dependency on economic, political and social challenges (Wilson, Molenaar 2009). Researchers can investigate the causes and additional costs in these projects using analysis of risk events.

A history of problems appears in major infrastructure projects that are related with delays, cost overruns, or failed procurement. (Figure 1) Most overruns seem to be avoidable and foreseeable. However, most of the problems that are observed are due to lack of forward-looking risk management. The structuring and delivery of modern large infrastructure projects is extremely complicated, and they suffer from undermanagement of risk in all the stages of the value chain. And projects like that will continue to become larger and more complex, there is demand for more systematic and effective approaches and solutions

==An overview of the general types of risk==

===Completion Risk===
Tecnhical risks appear in every project and it’s a reflection of the engineering difficulties and the innovation degrees. The contractor usually guarantees completion of the construction on a fixed budget and a fixed date. Operational risk summarizes the chances and uncertainties a project faces in terms of functionality that arises from inadequate or failed internal processes such as operating efficiency, available capacity, security failure or fraud.

===Market-related Risks===
Market related risks refer to the risk associated with any investment decision. Demand is one crucial parameter due to the fact is hard to forecast and creates high levels of risk. Failures to reach traffic volumes have been observed because the users of airports, tunnels, ports, highways and bridges have alternatives and it is extremely difficult to forecast the behavior. Other sources of market risk are changes in commodity or equity prices, market movements, foreign exchange fluctuations or interest rate moves.

===Institutional Risks===
Institutional risk is defined as the risk that the regulator will not meet its policy regulations and organizational objectives. In some countries with emerging economies or in countries whose regulation and laws are incomplete, institutional risks are typically seen as greatest.

==Research Method==

A survey was developed from a known study from El Sayegh to gather information of the respondents and to categorize the risk factors related with the large-scale infrastructure problems. The findings end up in eight more specific different types of risk and risk factors. The risk categories are related with: Construction, Management, Financial, Technical, Economic, Legal, Political and Natural-Environmental. The following figure illustrates the whole process which was followed in the study to assess and identify the risks of the large-scale infrastructure projects.

==Life Cycle Infrastructure management==

A case study from a major transportation operator back in 2011, showed a significant number of complexities and uncertainties that exist along the life cycle of a project.

In the same study, company and its senior management wanted to enhance the institutional risk management capabilities, so they decided a different approach with a systematic step change from daily practices behaviors and mind-sets

How risk management can be improved day to day:

-One of the most important issues is communication. A transparent and reliable communication is vital for the success of a project. Often a lack of communication has been observed between top teams of maintenance and civil engineering. An initial approach would be each team to discuss regularly in a structured way the major risks and possible solutions and to maintain a focused and continuous risk transparency.
-Interaction between contractor’s top teams and clients should be sufficient.

-One more task that companies face difficulties is to create risk management awareness from the top levels to the lower levels. Risk-mitigation actions could be improving the situation as they work as compliance mechanism.

- Lack of on-site transparency which can be improved with bottom-up escalation routes that will be clear or trigger points that are predefined

==Conclusions==

This article presents an overview of the different types of risk, the identification of risks in the planning and construction phase and it provides a conceptual framework that shows how to recognize them from an early stage.
As the transport infrastructure projects become more complex, proper risk identification is a crucial element for the fate of the projects. Changes from inside the life cycle of an organization in risk management to huge final decisions are equally important for a successful project.

In the same study, company and its senior management wanted to enhance the institutional risk management capabilities, so they decided a different approach with a systematic step change from daily practices behaviors and mind-sets

How risk management can be improved day to day:

-One of the most important issues is communication. A transparent and reliable communication is vital for the success of a project. Often a lack of communication has been observed between top teams of maintenance and civil engineering. An initial approach would be each team to discuss regularly in a structured way the major risks and possible solutions and to maintain a focused and continuous risk transparency.
-Interaction between contractor’s top teams and clients should be sufficient.

-One more task that companies face difficulties is to create risk management awareness from the top levels to the lower levels. Risk-mitigation actions could be improving the situation as they work as compliance mechanism.

- Lack of on-site transparency which can be improved with bottom-up escalation routes that will be clear or trigger points that are predefined

==References==
<references />
https://backend.orbit.dtu.dk/ws/portalfiles/portal/4980374/Assessment+of+Transport+Projects+-+Risk+Analysis+and+Decision+Support.pdf

https://eprints.whiterose.ac.uk/113285/10/Paper%20transport%20V27.pdf

Risk management in Transport Infrastructure Projects (TIPs)

2022-03-23T18:28:02Z

Iliana Dritsa: /* Conclusions */

''Developed by Iliana Dritsa''

= Overview =

The main purpose of this article focused on risk analysis, identification and management techniques that are vital in a successful project delivery and enhanced communications between the stakeholders and organizations.

Transportation has become a vital need with the expansion of populations and the emergence of new technologies. Transport Infrastructure Projects (TIPs) are large scale projects in the transportation sector such as airports, high speed railways, bridges, and subway construction.

Risk is the possibility that actions and their resulting impacts will turn out differently than anticipated. Risk involves uncertainty which is something that applies to situations in which potential outcomes and causal forces aren’t understood completely.

==The Nature of Risks in Transport Projects==

Transport Infrastructure Projects (TIPs), technologically equipped projects, bring about numerous risks such as financial, technical, political, managerial, natural or legal. Being exposed to such risks in the planning and construction stage of TIPs, unexpected problems will likely emerge if possible risks are not identified and assessed beforehand.
The identification of risks in the planning phase of a project and the arrangement of impact values has become a requisite in increasing the success as well as minimizing the problems of a project.

Highway construction projects are subject to higher risks and uncertainties than other construction projects due to higher investments and more complexity and their dependency on economic, political and social challenges (Wilson, Molenaar 2009). Researchers can investigate the causes and additional costs in these projects using analysis of risk events.

A history of problems appears in major infrastructure projects that are related with delays, cost overruns, or failed procurement. (Figure 1) Most overruns seem to be avoidable and foreseeable. However, most of the problems that are observed are due to lack of forward-looking risk management. The structuring and delivery of modern large infrastructure projects is extremely complicated, and they suffer from undermanagement of risk in all the stages of the value chain. And projects like that will continue to become larger and more complex, there is demand for more systematic and effective approaches and solutions

==An overview of the general types of risk==

===Completion Risk===
Tecnhical risks appear in every project and it’s a reflection of the engineering difficulties and the innovation degrees. The contractor usually guarantees completion of the construction on a fixed budget and a fixed date. Operational risk summarizes the chances and uncertainties a project faces in terms of functionality that arises from inadequate or failed internal processes such as operating efficiency, available capacity, security failure or fraud.

===Market-related Risks===
Market related risks refer to the risk associated with any investment decision. Demand is one crucial parameter due to the fact is hard to forecast and creates high levels of risk. Failures to reach traffic volumes have been observed because the users of airports, tunnels, ports, highways and bridges have alternatives and it is extremely difficult to forecast the behavior. Other sources of market risk are changes in commodity or equity prices, market movements, foreign exchange fluctuations or interest rate moves.

===Institutional Risks===
Institutional risk is defined as the risk that the regulator will not meet its policy regulations and organizational objectives. In some countries with emerging economies or in countries whose regulation and laws are incomplete, institutional risks are typically seen as greatest.

==Research Method==

A survey was developed from a known study from El Sayegh to gather information of the respondents and to categorize the risk factors related with the large-scale infrastructure problems. The findings end up in eight more specific different types of risk and risk factors. The risk categories are related with: Construction, Management, Financial, Technical, Economic, Legal, Political and Natural-Environmental. The following figure illustrates the whole process which was followed in the study to assess and identify the risks of the large-scale infrastructure projects.

==Life Cycle Infrastructure management==

A case study from a major transportation operator back in 2011, showed a significant number of complexities and uncertainties that exist along the life cycle of a project.

==Conclusions==

This article presents an overview of the different types of risk, the identification of risks in the planning and construction phase and it provides a conceptual framework that shows how to recognize them from an early stage.
As the transport infrastructure projects become more complex, proper risk identification is a crucial element for the fate of the projects. Changes from inside the life cycle of an organization in risk management to huge final decisions are equally important for a successful project.

In the same study, company and its senior management wanted to enhance the institutional risk management capabilities, so they decided a different approach with a systematic step change from daily practices behaviors and mind-sets

How risk management can be improved day to day:

-One of the most important issues is communication. A transparent and reliable communication is vital for the success of a project. Often a lack of communication has been observed between top teams of maintenance and civil engineering. An initial approach would be each team to discuss regularly in a structured way the major risks and possible solutions and to maintain a focused and continuous risk transparency.
-Interaction between contractor’s top teams and clients should be sufficient.

-One more task that companies face difficulties is to create risk management awareness from the top levels to the lower levels. Risk-mitigation actions could be improving the situation as they work as compliance mechanism.

- Lack of on-site transparency which can be improved with bottom-up escalation routes that will be clear or trigger points that are predefined

==References==
<references />
https://backend.orbit.dtu.dk/ws/portalfiles/portal/4980374/Assessment+of+Transport+Projects+-+Risk+Analysis+and+Decision+Support.pdf

https://eprints.whiterose.ac.uk/113285/10/Paper%20transport%20V27.pdf

Risk management in Transport Infrastructure Projects (TIPs)

2022-03-23T18:24:08Z

Iliana Dritsa: /* Conclusions */

Risk management in Transport Infrastructure Projects (TIPs)

2022-03-23T18:23:59Z

Iliana Dritsa: /* Conclusions */

Risk management in Transport Infrastructure Projects (TIPs)

2022-03-23T18:21:47Z

Iliana Dritsa: /* Approaches to Managing Risk / Methodological Framework */

Risk management in Transport Infrastructure Projects (TIPs)

2022-03-23T18:13:25Z

Iliana Dritsa: /* Research Method */

Risk management in Transport Infrastructure Projects (TIPs)

2022-03-23T18:12:46Z

Iliana Dritsa: /* The IMEC Study and Large Engineering Projects */

Risk management in Transport Infrastructure Projects (TIPs)

2022-03-23T18:11:49Z

Iliana Dritsa: /* Types of risk */

Risk management in Transport Infrastructure Projects (TIPs)

2022-03-23T18:06:47Z

Iliana Dritsa: /* The Nature of Risks in Transport Projects */

Risk management in Transport Infrastructure Projects (TIPs)

2022-03-23T18:05:55Z

Iliana Dritsa: /* Overview */

Risk management in Transport Infrastructure Projects (TIPs)

2022-03-23T18:05:37Z

Iliana Dritsa: /* Overview */

Risk management in Transport Infrastructure Projects (TIPs)

2022-03-23T18:04:42Z

Iliana Dritsa: /* Institutional Risks */

''Developed by Iliana Dritsa''

= Overview =

Transportation has become a vital need with the expansion of populations and the emergence of new technologies. Transport Infrastructure Projects (TIPs) are large scale projects in the transportation sector such as airports, high speed railways, bridges, and subway construction.

Risk is the possibility that actions and their resulting impacts will turn out differently than anticipated. Risk involves uncertainty which is something that applies to situations in which potential outcomes and causal forces aren’t understood completely.

==The Nature of Risks in Transport Projects==

Transport Infrastructure Projects (TIPs), technologically equipped projects, bring about numerous risks such as financial, technical, political, managerial, natural or legal. Being exposed to such risks in the planning and construction stage of TIPs, unexpected problems will likely emerge if possible risks are not identified and assessed beforehand.
The identification of risks in the planning phase of a project and the arrangement of impact values has become a requisite in increasing the success as well as minimizing the problems of a project.

Highway construction projects are subject to higher risks and uncertainties than other construction projects due to higher investments and more complexity and their dependency on economic, political and social challenges (Wilson, Molenaar 2009). Researchers can investigate the causes and additional costs in these projects using analysis of risk events.

==Types of risk==

===Completion Risk===
Tecnhical risks appear in every project and it’s a reflection of the engineering difficulties and the innovation degrees. The contractor usually guarantees completion of the construction on a fixed budget and a fixed date. Operational risk summarizes the chances and uncertainties a project faces in terms of functionality that arises from inadequate or failed internal processes such as operating efficiency, available capacity, security failure or fraud.

===Market-related Risks===
Market related risks refer to the risk associated with any investment decision. Demand is one crucial parameter due to the fact is hard to forecast and creates high levels of risk. Failures to reach traffic volumes have been observed because the users of airports, tunnels, ports, highways and bridges have alternatives and it is extremely difficult to forecast the behavior. Other sources of market risk are changes in commodity or equity prices, market movements, foreign exchange fluctuations or interest rate moves.

===Institutional Risks===
Institutional risk is defined as the risk that the regulator will not meet its policy regulations and organizational objectives. In some countries with emerging economies or in countries whose regulation and laws are incomplete, institutional risks are typically seen as greatest.

==The IMEC Study and Large Engineering Projects==

IMEC (International Program in the Management of Engineering and Construction)
The IMEC study focused on themes such as coping with uncertainty through risk analysis, strategies and institution shaping

==Approaches to Managing Risk / Methodological Framework==

The main problem of project management conceptual stage is the selection of methods and approaches that will be used in project risk management. Theoretical perspectives on coping and structuring with risks, range from technical analysis to systemic and institutional approaches. Most of the times, probabilistic, statistical methods and expert methods are used.

===Statistical methods===

===Probabilistic methods===

==References==
<references />
https://backend.orbit.dtu.dk/ws/portalfiles/portal/4980374/Assessment+of+Transport+Projects+-+Risk+Analysis+and+Decision+Support.pdf

https://eprints.whiterose.ac.uk/113285/10/Paper%20transport%20V27.pdf

Risk management in Transport Infrastructure Projects (TIPs)

2022-03-23T18:04:00Z

Iliana Dritsa: /* Institutional Risks */

''Developed by Iliana Dritsa''

= Overview =

Transportation has become a vital need with the expansion of populations and the emergence of new technologies. Transport Infrastructure Projects (TIPs) are large scale projects in the transportation sector such as airports, high speed railways, bridges, and subway construction.

Risk is the possibility that actions and their resulting impacts will turn out differently than anticipated. Risk involves uncertainty which is something that applies to situations in which potential outcomes and causal forces aren’t understood completely.

==The Nature of Risks in Transport Projects==

Transport Infrastructure Projects (TIPs), technologically equipped projects, bring about numerous risks such as financial, technical, political, managerial, natural or legal. Being exposed to such risks in the planning and construction stage of TIPs, unexpected problems will likely emerge if possible risks are not identified and assessed beforehand.
The identification of risks in the planning phase of a project and the arrangement of impact values has become a requisite in increasing the success as well as minimizing the problems of a project.

Highway construction projects are subject to higher risks and uncertainties than other construction projects due to higher investments and more complexity and their dependency on economic, political and social challenges (Wilson, Molenaar 2009). Researchers can investigate the causes and additional costs in these projects using analysis of risk events.

==Types of risk==

===Completion Risk===
Tecnhical risks appear in every project and it’s a reflection of the engineering difficulties and the innovation degrees. The contractor usually guarantees completion of the construction on a fixed budget and a fixed date. Operational risk summarizes the chances and uncertainties a project faces in terms of functionality that arises from inadequate or failed internal processes such as operating efficiency, available capacity, security failure or fraud.

===Market-related Risks===
Market related risks refer to the risk associated with any investment decision. Demand is one crucial parameter due to the fact is hard to forecast and creates high levels of risk. Failures to reach traffic volumes have been observed because the users of airports, tunnels, ports, highways and bridges have alternatives and it is extremely difficult to forecast the behavior. Other sources of market risk are changes in commodity or equity prices, market movements, foreign exchange fluctuations or interest rate moves.

===Institutional Risks===
Institutional risk is defined as the risk that the regulator will not meet its policy regulations and organizational objectives. In some countries with emerging economies or in countries whose regulation and laws are incomplete, institutional risks are typically seen as greatest.
[[File:picture1.jpg]]

==The IMEC Study and Large Engineering Projects==

IMEC (International Program in the Management of Engineering and Construction)
The IMEC study focused on themes such as coping with uncertainty through risk analysis, strategies and institution shaping

==Approaches to Managing Risk / Methodological Framework==

The main problem of project management conceptual stage is the selection of methods and approaches that will be used in project risk management. Theoretical perspectives on coping and structuring with risks, range from technical analysis to systemic and institutional approaches. Most of the times, probabilistic, statistical methods and expert methods are used.

===Statistical methods===

===Probabilistic methods===

==References==
<references />
https://backend.orbit.dtu.dk/ws/portalfiles/portal/4980374/Assessment+of+Transport+Projects+-+Risk+Analysis+and+Decision+Support.pdf

https://eprints.whiterose.ac.uk/113285/10/Paper%20transport%20V27.pdf

Risk management in Transport Infrastructure Projects (TIPs)

2022-03-23T17:38:48Z

Iliana Dritsa: /* Institutional Risks */

''Developed by Iliana Dritsa''

= Overview =

Transportation has become a vital need with the expansion of populations and the emergence of new technologies. Transport Infrastructure Projects (TIPs) are large scale projects in the transportation sector such as airports, high speed railways, bridges, and subway construction.

Risk is the possibility that actions and their resulting impacts will turn out differently than anticipated. Risk involves uncertainty which is something that applies to situations in which potential outcomes and causal forces aren’t understood completely.

==The Nature of Risks in Transport Projects==

Transport Infrastructure Projects (TIPs), technologically equipped projects, bring about numerous risks such as financial, technical, political, managerial, natural or legal. Being exposed to such risks in the planning and construction stage of TIPs, unexpected problems will likely emerge if possible risks are not identified and assessed beforehand.
The identification of risks in the planning phase of a project and the arrangement of impact values has become a requisite in increasing the success as well as minimizing the problems of a project.

Highway construction projects are subject to higher risks and uncertainties than other construction projects due to higher investments and more complexity and their dependency on economic, political and social challenges (Wilson, Molenaar 2009). Researchers can investigate the causes and additional costs in these projects using analysis of risk events.

==Types of risk==

===Completion Risk===
Tecnhical risks appear in every project and it’s a reflection of the engineering difficulties and the innovation degrees. The contractor usually guarantees completion of the construction on a fixed budget and a fixed date. Operational risk summarizes the chances and uncertainties a project faces in terms of functionality that arises from inadequate or failed internal processes such as operating efficiency, available capacity, security failure or fraud.

===Market-related Risks===
Market related risks refer to the risk associated with any investment decision. Demand is one crucial parameter due to the fact is hard to forecast and creates high levels of risk. Failures to reach traffic volumes have been observed because the users of airports, tunnels, ports, highways and bridges have alternatives and it is extremely difficult to forecast the behavior. Other sources of market risk are changes in commodity or equity prices, market movements, foreign exchange fluctuations or interest rate moves.

===Institutional Risks===
Institutional risk is defined as the risk that the regulator will not meet its policy regulations and organizational objectives. In some countries with emerging economies or in countries whose regulation and laws are incomplete, institutional risks are typically seen as greatest.
[[File:example.jpg]]

==The IMEC Study and Large Engineering Projects==

IMEC (International Program in the Management of Engineering and Construction)
The IMEC study focused on themes such as coping with uncertainty through risk analysis, strategies and institution shaping

==Approaches to Managing Risk / Methodological Framework==

The main problem of project management conceptual stage is the selection of methods and approaches that will be used in project risk management. Theoretical perspectives on coping and structuring with risks, range from technical analysis to systemic and institutional approaches. Most of the times, probabilistic, statistical methods and expert methods are used.

===Statistical methods===

===Probabilistic methods===

==References==
<references />
https://backend.orbit.dtu.dk/ws/portalfiles/portal/4980374/Assessment+of+Transport+Projects+-+Risk+Analysis+and+Decision+Support.pdf

https://eprints.whiterose.ac.uk/113285/10/Paper%20transport%20V27.pdf

Risk management in Transport Infrastructure Projects (TIPs)

2022-03-23T17:29:18Z

Iliana Dritsa: /* Completion Risk */

Risk management in Transport Infrastructure Projects (TIPs)

2022-03-23T17:27:00Z

Iliana Dritsa: /* Institutional Risks */

''Developed by Iliana Dritsa''

= Overview =

Transportation has become a vital need with the expansion of populations and the emergence of new technologies. Transport Infrastructure Projects (TIPs) are large scale projects in the transportation sector such as airports, high speed railways, bridges, and subway construction.

Risk is the possibility that actions and their resulting impacts will turn out differently than anticipated. Risk involves uncertainty which is something that applies to situations in which potential outcomes and causal forces aren’t understood completely.

==The Nature of Risks in Transport Projects==

Transport Infrastructure Projects (TIPs), technologically equipped projects, bring about numerous risks such as financial, technical, political, managerial, natural or legal. Being exposed to such risks in the planning and construction stage of TIPs, unexpected problems will likely emerge if possible risks are not identified and assessed beforehand.
The identification of risks in the planning phase of a project and the arrangement of impact values has become a requisite in increasing the success as well as minimizing the problems of a project.

Highway construction projects are subject to higher risks and uncertainties than other construction projects due to higher investments and more complexity and their dependency on economic, political and social challenges (Wilson, Molenaar 2009). Researchers can investigate the causes and additional costs in these projects using analysis of risk events.

==Types of risk==

===Completion Risk===
Tecnhical risks appear in every project and it’s a reflection of the engineering difficulties and the innovation degrees. Operational risk summarizes the chances and uncertainties a project faces in terms of functionality that arises from inadequate or failed internal processes such as operating efficiency, available capacity, security failure or fraud.

===Market-related Risks===
Market related risks refer to the risk associated with any investment decision. Demand is one crucial parameter due to the fact is hard to forecast and creates high levels of risk. Failures to reach traffic volumes have been observed because the users of airports, tunnels, ports, highways and bridges have alternatives and it is extremely difficult to forecast the behavior. Other sources of market risk are changes in commodity or equity prices, market movements, foreign exchange fluctuations or interest rate moves.

===Institutional Risks===
Institutional risk is defined as the risk that the regulator will not meet its policy regulations and organizational objectives. In some countries with emerging economies or in countries whose regulation and laws are incomplete, institutional risks are typically seen as greatest.

==The IMEC Study and Large Engineering Projects==

IMEC (International Program in the Management of Engineering and Construction)
The IMEC study focused on themes such as coping with uncertainty through risk analysis, strategies and institution shaping

==Approaches to Managing Risk / Methodological Framework==

The main problem of project management conceptual stage is the selection of methods and approaches that will be used in project risk management. Theoretical perspectives on coping and structuring with risks, range from technical analysis to systemic and institutional approaches. Most of the times, probabilistic, statistical methods and expert methods are used.

===Statistical methods===

===Probabilistic methods===

==References==
<references />
https://backend.orbit.dtu.dk/ws/portalfiles/portal/4980374/Assessment+of+Transport+Projects+-+Risk+Analysis+and+Decision+Support.pdf

https://eprints.whiterose.ac.uk/113285/10/Paper%20transport%20V27.pdf

Risk management in Transport Infrastructure Projects (TIPs)

2022-02-20T22:22:14Z

Iliana Dritsa:

''Developed by Iliana Dritsa''

= Overview =

Transportation has become a vital need with the expansion of populations and the emergence of new technologies. Transport Infrastructure Projects (TIPs) are large scale projects in the transportation sector such as airports, high speed railways, bridges, and subway construction.

Risk is the possibility that actions and their resulting impacts will turn out differently than anticipated. Risk involves uncertainty which is something that applies to situations in which potential outcomes and causal forces aren’t understood completely.

==The Nature of Risks in Transport Projects==

Transport Infrastructure Projects (TIPs), technologically equipped projects, bring about numerous risks such as financial, technical, political, managerial, natural or legal. Being exposed to such risks in the planning and construction stage of TIPs, unexpected problems will likely emerge if possible risks are not identified and assessed beforehand.
The identification of risks in the planning phase of a project and the arrangement of impact values has become a requisite in increasing the success as well as minimizing the problems of a project.

Highway construction projects are subject to higher risks and uncertainties than other construction projects due to higher investments and more complexity and their dependency on economic, political and social challenges (Wilson, Molenaar 2009). Researchers can investigate the causes and additional costs in these projects using analysis of risk events.

==Types of risk==

===Completion Risk===
Tecnhical risks appear in every project and it’s a reflection of the engineering difficulties and the innovation degrees. Operational risk summarizes the chances and uncertainties a project faces in terms of functionality that arises from inadequate or failed internal processes such as operating efficiency, available capacity, security failure or fraud.

===Market-related Risks===
Market related risks refer to the risk associated with any investment decision. Demand is one crucial parameter due to the fact is hard to forecast and creates high levels of risk. Failures to reach traffic volumes have been observed because the users of airports, tunnels, ports, highways and bridges have alternatives and it is extremely difficult to forecast the behavior. Other sources of market risk are changes in commodity or equity prices, market movements, foreign exchange fluctuations or interest rate moves.

===Institutional Risks===
Institutional risk is defined as the risk that the regulator will not meet its policy and organizational objectives.

==The IMEC Study and Large Engineering Projects==

IMEC (International Program in the Management of Engineering and Construction)
The IMEC study focused on themes such as coping with uncertainty through risk analysis, strategies and institution shaping

==Approaches to Managing Risk / Methodological Framework==

The main problem of project management conceptual stage is the selection of methods and approaches that will be used in project risk management. Theoretical perspectives on coping and structuring with risks, range from technical analysis to systemic and institutional approaches. Most of the times, probabilistic, statistical methods and expert methods are used.

===Statistical methods===

===Probabilistic methods===

==References==
<references />
https://backend.orbit.dtu.dk/ws/portalfiles/portal/4980374/Assessment+of+Transport+Projects+-+Risk+Analysis+and+Decision+Support.pdf

https://eprints.whiterose.ac.uk/113285/10/Paper%20transport%20V27.pdf

Risk management in Transport Infrastructure Projects (TIPs)

2022-02-20T22:21:10Z

Iliana Dritsa:

==Overview==

Transportation has become a vital need with the expansion of populations and the emergence of new technologies. Transport Infrastructure Projects (TIPs) are large scale projects in the transportation sector such as airports, high speed railways, bridges, and subway construction.

Risk is the possibility that actions and their resulting impacts will turn out differently than anticipated. Risk involves uncertainty which is something that applies to situations in which potential outcomes and causal forces aren’t understood completely.

==The Nature of Risks in Transport Projects==

Transport Infrastructure Projects (TIPs), technologically equipped projects, bring about numerous risks such as financial, technical, political, managerial, natural or legal. Being exposed to such risks in the planning and construction stage of TIPs, unexpected problems will likely emerge if possible risks are not identified and assessed beforehand.
The identification of risks in the planning phase of a project and the arrangement of impact values has become a requisite in increasing the success as well as minimizing the problems of a project.

Highway construction projects are subject to higher risks and uncertainties than other construction projects due to higher investments and more complexity and their dependency on economic, political and social challenges (Wilson, Molenaar 2009). Researchers can investigate the causes and additional costs in these projects using analysis of risk events.

==Types of risk==

===Completion Risk===
Tecnhical risks appear in every project and it’s a reflection of the engineering difficulties and the innovation degrees. Operational risk summarizes the chances and uncertainties a project faces in terms of functionality that arises from inadequate or failed internal processes such as operating efficiency, available capacity, security failure or fraud.

===Market-related Risks===
Market related risks refer to the risk associated with any investment decision. Demand is one crucial parameter due to the fact is hard to forecast and creates high levels of risk. Failures to reach traffic volumes have been observed because the users of airports, tunnels, ports, highways and bridges have alternatives and it is extremely difficult to forecast the behavior. Other sources of market risk are changes in commodity or equity prices, market movements, foreign exchange fluctuations or interest rate moves.

===Institutional Risks===
Institutional risk is defined as the risk that the regulator will not meet its policy and organizational objectives.

==The IMEC Study and Large Engineering Projects==

IMEC (International Program in the Management of Engineering and Construction)
The IMEC study focused on themes such as coping with uncertainty through risk analysis, strategies and institution shaping

==Approaches to Managing Risk / Methodological Framework==

The main problem of project management conceptual stage is the selection of methods and approaches that will be used in project risk management. Theoretical perspectives on coping and structuring with risks, range from technical analysis to systemic and institutional approaches. Most of the times, probabilistic, statistical methods and expert methods are used.

===Statistical methods===

===Probabilistic methods===

==References==
<references />
https://backend.orbit.dtu.dk/ws/portalfiles/portal/4980374/Assessment+of+Transport+Projects+-+Risk+Analysis+and+Decision+Support.pdf

https://eprints.whiterose.ac.uk/113285/10/Paper%20transport%20V27.pdf

Risk management in Transport Infrastructure Projects (TIPs)

2022-02-20T22:17:44Z

Iliana Dritsa: /* The Nature of Risks in Transport Projects */

Transportation has become a vital need with the expansion of populations and the emergence of new technologies. Transport Infrastructure Projects (TIPs) are large scale projects in the transportation sector such as airports, high speed railways, bridges, and subway construction.

Risk is the possibility that actions and their resulting impacts will turn out differently than anticipated. Risk involves uncertainty which is something that applies to situations in which potential outcomes and causal forces aren’t understood completely.

==The Nature of Risks in Transport Projects==

Transport Infrastructure Projects (TIPs), technologically equipped projects, bring about numerous risks such as financial, technical, political, managerial, natural or legal. Being exposed to such risks in the planning and construction stage of TIPs, unexpected problems will likely emerge if possible risks are not identified and assessed beforehand.
The identification of risks in the planning phase of a project and the arrangement of impact values has become a requisite in increasing the success as well as minimizing the problems of a project.

Highway construction projects are subject to higher risks and uncertainties than other construction projects due to higher investments and more complexity and their dependency on economic, political and social challenges (Wilson, Molenaar 2009). Researchers can investigate the causes and additional costs in these projects using analysis of risk events.

==Types of risk==

===Completion Risk===
Tecnhical risks appear in every project and it’s a reflection of the engineering difficulties and the innovation degrees. Operational risk summarizes the chances and uncertainties a project faces in terms of functionality that arises from inadequate or failed internal processes such as operating efficiency, available capacity, security failure or fraud.

===Market-related Risks===
Market related risks refer to the risk associated with any investment decision. Demand is one crucial parameter due to the fact is hard to forecast and creates high levels of risk. Failures to reach traffic volumes have been observed because the users of airports, tunnels, ports, highways and bridges have alternatives and it is extremely difficult to forecast the behavior. Other sources of market risk are changes in commodity or equity prices, market movements, foreign exchange fluctuations or interest rate moves.

===Institutional Risks===
Institutional risk is defined as the risk that the regulator will not meet its policy and organizational objectives.

==The IMEC Study and Large Engineering Projects==

IMEC (International Program in the Management of Engineering and Construction)
The IMEC study focused on themes such as coping with uncertainty through risk analysis, strategies and institution shaping

==Approaches to Managing Risk / Methodological Framework==

The main problem of project management conceptual stage is the selection of methods and approaches that will be used in project risk management. Theoretical perspectives on coping and structuring with risks, range from technical analysis to systemic and institutional approaches. Most of the times, probabilistic, statistical methods and expert methods are used.

===Statistical methods===

===Probabilistic methods===

==References==
<references />
https://backend.orbit.dtu.dk/ws/portalfiles/portal/4980374/Assessment+of+Transport+Projects+-+Risk+Analysis+and+Decision+Support.pdf

https://eprints.whiterose.ac.uk/113285/10/Paper%20transport%20V27.pdf

Risk management in Transport Infrastructure Projects (TIPs)

2022-02-20T22:17:31Z

Iliana Dritsa: /* The IMEC Study and Large Engineering Projects */

Transportation has become a vital need with the expansion of populations and the emergence of new technologies. Transport Infrastructure Projects (TIPs) are large scale projects in the transportation sector such as airports, high speed railways, bridges, and subway construction.

Risk is the possibility that actions and their resulting impacts will turn out differently than anticipated. Risk involves uncertainty which is something that applies to situations in which potential outcomes and causal forces aren’t understood completely.

===The Nature of Risks in Transport Projects===

Transport Infrastructure Projects (TIPs), technologically equipped projects, bring about numerous risks such as financial, technical, political, managerial, natural or legal. Being exposed to such risks in the planning and construction stage of TIPs, unexpected problems will likely emerge if possible risks are not identified and assessed beforehand.
The identification of risks in the planning phase of a project and the arrangement of impact values has become a requisite in increasing the success as well as minimizing the problems of a project.

Highway construction projects are subject to higher risks and uncertainties than other construction projects due to higher investments and more complexity and their dependency on economic, political and social challenges (Wilson, Molenaar 2009). Researchers can investigate the causes and additional costs in these projects using analysis of risk events.

==Types of risk==

===Completion Risk===
Tecnhical risks appear in every project and it’s a reflection of the engineering difficulties and the innovation degrees. Operational risk summarizes the chances and uncertainties a project faces in terms of functionality that arises from inadequate or failed internal processes such as operating efficiency, available capacity, security failure or fraud.

===Market-related Risks===
Market related risks refer to the risk associated with any investment decision. Demand is one crucial parameter due to the fact is hard to forecast and creates high levels of risk. Failures to reach traffic volumes have been observed because the users of airports, tunnels, ports, highways and bridges have alternatives and it is extremely difficult to forecast the behavior. Other sources of market risk are changes in commodity or equity prices, market movements, foreign exchange fluctuations or interest rate moves.

===Institutional Risks===
Institutional risk is defined as the risk that the regulator will not meet its policy and organizational objectives.

==The IMEC Study and Large Engineering Projects==

IMEC (International Program in the Management of Engineering and Construction)
The IMEC study focused on themes such as coping with uncertainty through risk analysis, strategies and institution shaping

==Approaches to Managing Risk / Methodological Framework==

The main problem of project management conceptual stage is the selection of methods and approaches that will be used in project risk management. Theoretical perspectives on coping and structuring with risks, range from technical analysis to systemic and institutional approaches. Most of the times, probabilistic, statistical methods and expert methods are used.

===Statistical methods===

===Probabilistic methods===

==References==
<references />
https://backend.orbit.dtu.dk/ws/portalfiles/portal/4980374/Assessment+of+Transport+Projects+-+Risk+Analysis+and+Decision+Support.pdf

https://eprints.whiterose.ac.uk/113285/10/Paper%20transport%20V27.pdf

Risk management in Transport Infrastructure Projects (TIPs)

2022-02-20T22:17:17Z

Iliana Dritsa: /* Types of risk */

Transportation has become a vital need with the expansion of populations and the emergence of new technologies. Transport Infrastructure Projects (TIPs) are large scale projects in the transportation sector such as airports, high speed railways, bridges, and subway construction.

Risk is the possibility that actions and their resulting impacts will turn out differently than anticipated. Risk involves uncertainty which is something that applies to situations in which potential outcomes and causal forces aren’t understood completely.

===The Nature of Risks in Transport Projects===

Transport Infrastructure Projects (TIPs), technologically equipped projects, bring about numerous risks such as financial, technical, political, managerial, natural or legal. Being exposed to such risks in the planning and construction stage of TIPs, unexpected problems will likely emerge if possible risks are not identified and assessed beforehand.
The identification of risks in the planning phase of a project and the arrangement of impact values has become a requisite in increasing the success as well as minimizing the problems of a project.

Highway construction projects are subject to higher risks and uncertainties than other construction projects due to higher investments and more complexity and their dependency on economic, political and social challenges (Wilson, Molenaar 2009). Researchers can investigate the causes and additional costs in these projects using analysis of risk events.

==Types of risk==

===Completion Risk===
Tecnhical risks appear in every project and it’s a reflection of the engineering difficulties and the innovation degrees. Operational risk summarizes the chances and uncertainties a project faces in terms of functionality that arises from inadequate or failed internal processes such as operating efficiency, available capacity, security failure or fraud.

===Market-related Risks===
Market related risks refer to the risk associated with any investment decision. Demand is one crucial parameter due to the fact is hard to forecast and creates high levels of risk. Failures to reach traffic volumes have been observed because the users of airports, tunnels, ports, highways and bridges have alternatives and it is extremely difficult to forecast the behavior. Other sources of market risk are changes in commodity or equity prices, market movements, foreign exchange fluctuations or interest rate moves.

===Institutional Risks===
Institutional risk is defined as the risk that the regulator will not meet its policy and organizational objectives.

===The IMEC Study and Large Engineering Projects===

IMEC (International Program in the Management of Engineering and Construction)
The IMEC study focused on themes such as coping with uncertainty through risk analysis, strategies and institution shaping

==Approaches to Managing Risk / Methodological Framework==

The main problem of project management conceptual stage is the selection of methods and approaches that will be used in project risk management. Theoretical perspectives on coping and structuring with risks, range from technical analysis to systemic and institutional approaches. Most of the times, probabilistic, statistical methods and expert methods are used.

===Statistical methods===

===Probabilistic methods===

==References==
<references />
https://backend.orbit.dtu.dk/ws/portalfiles/portal/4980374/Assessment+of+Transport+Projects+-+Risk+Analysis+and+Decision+Support.pdf

https://eprints.whiterose.ac.uk/113285/10/Paper%20transport%20V27.pdf

Risk management in Transport Infrastructure Projects (TIPs)

2022-02-20T22:16:08Z

Iliana Dritsa: /* Approaches to Managing Risk / Methodological Framework */

Transportation has become a vital need with the expansion of populations and the emergence of new technologies. Transport Infrastructure Projects (TIPs) are large scale projects in the transportation sector such as airports, high speed railways, bridges, and subway construction.

Risk is the possibility that actions and their resulting impacts will turn out differently than anticipated. Risk involves uncertainty which is something that applies to situations in which potential outcomes and causal forces aren’t understood completely.

===The Nature of Risks in Transport Projects===

Transport Infrastructure Projects (TIPs), technologically equipped projects, bring about numerous risks such as financial, technical, political, managerial, natural or legal. Being exposed to such risks in the planning and construction stage of TIPs, unexpected problems will likely emerge if possible risks are not identified and assessed beforehand.
The identification of risks in the planning phase of a project and the arrangement of impact values has become a requisite in increasing the success as well as minimizing the problems of a project.

Highway construction projects are subject to higher risks and uncertainties than other construction projects due to higher investments and more complexity and their dependency on economic, political and social challenges (Wilson, Molenaar 2009). Researchers can investigate the causes and additional costs in these projects using analysis of risk events.

===Types of risk===

• Completion Risk
Tecnhical risks appear in every project and it’s a reflection of the engineering difficulties and the innovation degrees. Operational risk summarizes the chances and uncertainties a project faces in terms of functionality that arises from inadequate or failed internal processes such as operating efficiency, available capacity, security failure or fraud.

• Market-related Risks
Market related risks refer to the risk associated with any investment decision. Demand is one crucial parameter due to the fact is hard to forecast and creates high levels of risk. Failures to reach traffic volumes have been observed because the users of airports, tunnels, ports, highways and bridges have alternatives and it is extremely difficult to forecast the behavior. Other sources of market risk are changes in commodity or equity prices, market movements, foreign exchange fluctuations or interest rate moves.

• Institutional Risks
Institutional risk is defined as the risk that the regulator will not meet its policy and organizational objectives.

===The IMEC Study and Large Engineering Projects===

IMEC (International Program in the Management of Engineering and Construction)
The IMEC study focused on themes such as coping with uncertainty through risk analysis, strategies and institution shaping

==Approaches to Managing Risk / Methodological Framework==

The main problem of project management conceptual stage is the selection of methods and approaches that will be used in project risk management. Theoretical perspectives on coping and structuring with risks, range from technical analysis to systemic and institutional approaches. Most of the times, probabilistic, statistical methods and expert methods are used.

===Statistical methods===

===Probabilistic methods===

==References==
<references />
https://backend.orbit.dtu.dk/ws/portalfiles/portal/4980374/Assessment+of+Transport+Projects+-+Risk+Analysis+and+Decision+Support.pdf

https://eprints.whiterose.ac.uk/113285/10/Paper%20transport%20V27.pdf

Risk management in Transport Infrastructure Projects (TIPs)

2022-02-20T22:12:18Z

Iliana Dritsa:

Transportation has become a vital need with the expansion of populations and the emergence of new technologies. Transport Infrastructure Projects (TIPs) are large scale projects in the transportation sector such as airports, high speed railways, bridges, and subway construction.

Risk is the possibility that actions and their resulting impacts will turn out differently than anticipated. Risk involves uncertainty which is something that applies to situations in which potential outcomes and causal forces aren’t understood completely.

===The Nature of Risks in Transport Projects===

Transport Infrastructure Projects (TIPs), technologically equipped projects, bring about numerous risks such as financial, technical, political, managerial, natural or legal. Being exposed to such risks in the planning and construction stage of TIPs, unexpected problems will likely emerge if possible risks are not identified and assessed beforehand.
The identification of risks in the planning phase of a project and the arrangement of impact values has become a requisite in increasing the success as well as minimizing the problems of a project.

Highway construction projects are subject to higher risks and uncertainties than other construction projects due to higher investments and more complexity and their dependency on economic, political and social challenges (Wilson, Molenaar 2009). Researchers can investigate the causes and additional costs in these projects using analysis of risk events.

===Types of risk===

• Completion Risk
Tecnhical risks appear in every project and it’s a reflection of the engineering difficulties and the innovation degrees. Operational risk summarizes the chances and uncertainties a project faces in terms of functionality that arises from inadequate or failed internal processes such as operating efficiency, available capacity, security failure or fraud.

• Market-related Risks
Market related risks refer to the risk associated with any investment decision. Demand is one crucial parameter due to the fact is hard to forecast and creates high levels of risk. Failures to reach traffic volumes have been observed because the users of airports, tunnels, ports, highways and bridges have alternatives and it is extremely difficult to forecast the behavior. Other sources of market risk are changes in commodity or equity prices, market movements, foreign exchange fluctuations or interest rate moves.

• Institutional Risks
Institutional risk is defined as the risk that the regulator will not meet its policy and organizational objectives.

===The IMEC Study and Large Engineering Projects===

IMEC (International Program in the Management of Engineering and Construction)
The IMEC study focused on themes such as coping with uncertainty through risk analysis, strategies and institution shaping

===Approaches to Managing Risk / Methodological Framework===

The main problem of project management conceptual stage is the selection of methods and approaches that will be used in project risk management. Theoretical perspectives on coping and structuring with risks, range from technical analysis to systemic and institutional approaches. Most of the times, probabilistic, statistical methods and expert methods are used.

==References==
<references />
https://backend.orbit.dtu.dk/ws/portalfiles/portal/4980374/Assessment+of+Transport+Projects+-+Risk+Analysis+and+Decision+Support.pdf

https://eprints.whiterose.ac.uk/113285/10/Paper%20transport%20V27.pdf

Risk management in Transport Infrastructure Projects (TIPs)

2022-02-20T22:11:10Z

Iliana Dritsa:

Transportation has become a vital need with the expansion of populations and the emergence of new technologies. Transport Infrastructure Projects (TIPs) are large scale projects in the transportation sector such as airports, high speed railways, bridges, and subway construction.

Risk is the possibility that actions and their resulting impacts will turn out differently than anticipated. Risk involves uncertainty which is something that applies to situations in which potential outcomes and causal forces aren’t understood completely.

#The Nature of Risks in Transport Projects

Transport Infrastructure Projects (TIPs), technologically equipped projects, bring about numerous risks such as financial, technical, political, managerial, natural or legal. Being exposed to such risks in the planning and construction stage of TIPs, unexpected problems will likely emerge if possible risks are not identified and assessed beforehand.
The identification of risks in the planning phase of a project and the arrangement of impact values has become a requisite in increasing the success as well as minimizing the problems of a project.

Highway construction projects are subject to higher risks and uncertainties than other construction projects due to higher investments and more complexity and their dependency on economic, political and social challenges (Wilson, Molenaar 2009). Researchers can investigate the causes and additional costs in these projects using analysis of risk events.

Types of risk

• Completion Risk
Tecnhical risks appear in every project and it’s a reflection of the engineering difficulties and the innovation degrees. Operational risk summarizes the chances and uncertainties a project faces in terms of functionality that arises from inadequate or failed internal processes such as operating efficiency, available capacity, security failure or fraud.

• Market-related Risks
Market related risks refer to the risk associated with any investment decision. Demand is one crucial parameter due to the fact is hard to forecast and creates high levels of risk. Failures to reach traffic volumes have been observed because the users of airports, tunnels, ports, highways and bridges have alternatives and it is extremely difficult to forecast the behavior. Other sources of market risk are changes in commodity or equity prices, market movements, foreign exchange fluctuations or interest rate moves.

• Institutional Risks
Institutional risk is defined as the risk that the regulator will not meet its policy and organizational objectives.

The IMEC Study and Large Engineering Projects

IMEC (International Program in the Management of Engineering and Construction)
The IMEC study focused on themes such as coping with uncertainty through risk analysis, strategies and institution shaping

Approaches to Managing Risk / Methodological Framework

The main problem of project management conceptual stage is the selection of methods and approaches that will be used in project risk management. Theoretical perspectives on coping and structuring with risks, range from technical analysis to systemic and institutional approaches. Most of the times, probabilistic, statistical methods and expert methods are used.

==References==
<references />
https://backend.orbit.dtu.dk/ws/portalfiles/portal/4980374/Assessment+of+Transport+Projects+-+Risk+Analysis+and+Decision+Support.pdf

https://eprints.whiterose.ac.uk/113285/10/Paper%20transport%20V27.pdf

Articles Spring Term 2022

2022-02-20T22:09:10Z

Iliana Dritsa: /* Overview of 2022 Wiki Collections */

=Overview of 2022 Wiki Collections=

{| class="wikitable sortable"
|+Spring Term 2022 Wiki Collections
|Group 32
|Nikoleta
|Tsolaki
|s212602
|[[The Kaizen Method in Project Management]]
|-
|-
|TAs Example
|Thomas
|Giannoulopoulos
|s192419
|[[APPM Example 2021]]
|-
|-
|TAs Example
|Daniel Rohrer
|Hansen
|s173922
|[[Managing “emails”]]
|-
|-
|Group 9
|Andrea
|Sánchez Díez
|s202957
|[[Urgent vs important. The Eisenhower matrix]]
|-
|-
|Group 22
|Edgars
|Treimanis
|s213590
|[[Sustainable Project management]]
|-
|-
|Group 31
|William Taul
|Madsen
|s184956
|[[Risk Treatment in project management]]
|-
|-
|Group 12
|Pablo Leandro
|Capellari
|s213666
|[[Internal Rate of Return (IRR)]]
|-
|-
|Group 15
|Tolga
|Azgun
|s220502
|[[Pooled, Sequential & Reciprocal Interdependence]]
|-
|-
|Group 15
|Mathilde
|Dahl
|s176213
|[[Development Arena in Project Management]]
|-
|-
|Group 19
|Matias
|Earthy-Find
|s184350
|[[Stress Management]]
|-
|-
|Group 3
|Stephen Akabekire
|Azongo
|s213057
|[[The magic triangle as a project management tool]]
|-
|-
|Group 19
|Wout
|Jennissen
|s216914
|[[Porter's Five Forces Framework]]
|-
|-
|Group 4
|Sissel Albrecht
|Kahr
|s173964
|[[Work Break Down Structure (WBS)]]
|-
|-
|Group 15
|Teis
|Johannesen
|s213561
|[[Reflective practice]]
|-
|-
|
|Berta
|Viñas
|s202256
|[[Agile model]]
|-
|-
|Group 15
|Christina
|Qwist Frank
|s173409
|[[Staging negotiation spaces in project management]]
|-
|-
|Group 15
|Sara
|Kristine Holmskov Eberle
|s211691
|[[Wheel of change]]
|-
|-
|Group Name: TBD
|Saaransh
|PD Kattula
|s210240
|[[7 principles of Stephen covey for project mangers to tackle risks]]
|-
|-
|Group Name: 47
|Jakob Weber
|Vestermark
|s175072
|[[Kanban method]]
|-
|-
|Group Name: TBD
|Jakob
|Kehler
|s212691
|[[Post-Implementation Review (PIR)]]
|-
|-
|Group Name: 47
|Fie
|Fredshavn Nielsen
|s170396
|[[Project dashboard]]
|-
|-
|Group Name: 33
|Alvaro
|Martin Sanchez
|s220145
|[[Agile project management - SCRUM]]
|-
|-
|Group Name: TBD
|Mathias
|Christensen
|s175382
|[[Agile (Adaptive) model]]
|-
|-
|Group Name:
|Emilie
|Haahr
|s175383
|[[Leadship vs Management Qualities]]
|-
|-
|Group 22
|Linda
|Zviedre
|s213817
|[[Matrix Organizations]]
|-
|-
|Group Name: 4
|Casper
|Stenbæk
|s183504
|[[Causes and effects of stress in project management]]
|-
|-
|Group name
|Sarah
|Naegele
|S220025
|[[Communication models based on Schulz von Thun]]
|-
|-
|Group Name:
|Sofie
|Wallin
|s173884
|[[Sources of conflict]]
|-
|-
|Group Name:19
|Elias
|Bobrowski
|s216056
|[[The Difference Between Leadership and Management]]
|-
|-
|Group Name:
|Luisa
|Buchta
|s216284
|[[MTA (Milestone trend analysis)]]
|-
|-
|Group Name:
|Frederik
|Østergaard Schytte
|s175075
|[[Prioritizing in Projects with Eisenhower Decision Matrix]]
|-
|-
|Group 40
|Xenofon
|Apostolou
|s202908
|[[Continuous Improvement (CI)]]
|-
|-
|Group Name: 08
|Periklis
|Aprilis
|s212866
|[[FMEA as tool in Project Management]]
|-
|-
|Group Name:
|Nils
|Lehmann
|s220153
|[[Effects of Social Loafing on Team Performance (due to low motivation)]]
|-
|-
|Group Name:
|Olivia
|Mark
|s175096
|[[Self-awareness in management]]
|-
|-
|Group Name:
|Paul
|Schatt
|s210736
|[[Perception filters]]
|-
|-
|Group name
|Lorenzo
|Incarnato
|s220426
|[[Internal rate of return (IRR)]]
|-
|-
|Group Name: 40
|Sasa
|Javorac
|s210770
|[[Agile way of working]]
|-
|-
|Group Name: 12
|Elia
|Simon
|s212700
|[[Extrinsic motivation]]
|-
|-
|Group Name:
|Swann
|Roussillon
|s212830
|[[Robust Decision Making (RDM)]]
|-
|-
|Group 09
|Deepthi
|Parana Liyanage Don
|s203116
|[[Net Present Value (NPV)]]
|-
|-
|Group Name: 10
|Felix
|Piepenstock
|s201828
|[[Successive Cost Estimation]]
|-
|-
|Group Name: 10
|Julian
|Schmidt
|s213004
|[[Social loafing]]
|-
|-
|Group number: 22
|Gustav
|Gregersen
|s153930
|[[DMAIC Projects]]
|-
|-
|Group 42
|Simon
|Widmer
|s210449
|[[Scaled Agile Framework (SAFe)]]
|-
|-
|Group 17
|Cosmina
|Oltean
|s212409
|[[Team Cohesiveness]]
|-
|-
|Group 12
|Jasmine Riis
|Douglas
|s123367
|[[How stress management improves the effectiveness of the employees]]
|-
|-
|Group
|Preetham
|Obla Sampathkumar
|s213604
|[[Root cause analysis (RCA)]]
|-
|-
|Group 4
|Patrick
|Laybourn
|s144993
|[[Robust decision making]]
|-
|-
|Group 6
|Gudrun
|Gudnadottir
|s212950
|[[Risk-based Learning]]
|-
|-
|Group 17
|Andreea Bianca
|Ladaru
|s202438
|[[Lean principles in the construction industry]]
|-
|-
|Group 15
|Lærke Viuff
|Petersen
|s163830
|[[Social Loafing in Teams]]
|-
|-
|Group 15
|Stine Pagaard
|Haahr
|s152100
|[[Conflict Management using the Thomas-Kilmann Conflict Mode Instrument (TKI)]]
|-
|-
|Group 42
|Nachanan
|Wongsupakpun
|s210284
|[[Organizational context]]
|-
|-
|Group 33
|Guillermo
|Roig Pitarch
|s212754
|[[Kanban: a project management framework]]
|-
|-
|Group 29
|Magnus
|Leick
|s213818
|[[VUCA]]
|-
|-
|Group 4
|Freja Ejdrup
|Andersen
|s183631
|[[The paradox of project planning from an uncertainty perspective]]
|-
|-
|Group 9
|Nongnapat
|Suksusiang
|s213572
|[[New Product Introduction (NPI)]]
|-
|-
|Group 31
|Eigil
|Vølund
|s183887
|[[Risk Treatment]]
|-
|-
|Group 11
|Ann Sofie
|Grube Kjeldsen
|s184535
|[[Milestone trend analysis]]
|-
|-
|Group 19
|Qiushi
|Lyu
|s212543
|[[Porter's 5 Forces - A strategic planning model]]
|-
|-
|Group 9
|Qifan
|Wang
|s212500
|[[The Big Five(OCEAN) Personality Traits]]
|-
|-
|Group 12
|Hai
|Hu
|s212360
|[[Kano Model: Introduction and Application]]
|-
|-
|Group 32
|Tobias
|Nielsen
|s220719
|[[The paradox of project planning]]
|-
|-
|Group 11
|Hannah
|Nissen
|s184497
|[[Effective teams with Belbin]]
|-
|-
|Group 11
|Emil Engstrøm
|Bruun
|S180902
|[[Adizes management styles]]
|-
|-
|Group 33
|Raquel
|Galocha
|S212745
|[[Project interdependency mapping]]
|-
|-
|Group 11
|Emilie
|Rasmussen
|S184532
|[[WBS, Work Breakdown Structure]]
|-
|-
|Group 6
|Telma Sigrún
|Torfadóttir
|S212566
|[[Stress]]
|-
|-
|-
|-
|Group 4
|Erlend Thabiso Rømyhr
|Sehube
|S212426
|[[Risk treatment for renewable energy developers]]
|-
|-
|Group 11
|Peter
|Birkholm
|S184514
|[[Gantt Chart In Construction]]
|-
|-
|Group 18
|Giacomo
|Branchini
|S212987
|[[Sources of Conflict: Guidelines for a Healthy Organizational Environment]]
|-
|-
|Group 33
|Paula
|González
|S213398
|[[The Big Five (Ocean)]]
|-
|-
|Group 33
|Fernando
|Ramiro Gonzalez
|S214134
|[[MCDA methods in decision making]]
|-
|-
|Group 20
|Magnus Stjernborg
|Koch
|S175189
|[[Project Success and Project Management Success]]
|-
|-
|Group 26
|Katarzyna
|Kukulowicz
|S213042
|[[Extrinsic and intrinsic motivation. What does the will to act depend on?]]
|-
|-
|Group 6
|Hildur Lara
|Jonsdottir
|S212410
|[[The Significance of Cohesiveness in Projects]]
|-
|-
|Group 20
|Ziwei
|Chen
|S212635
|[[Stakeholder Identification and Categorization]]
|-
|-
|Group 18
|Raül
|Ciscar
|S217122
|[[Developing a project with the Tuckman's model]]
|-
|-
|Group 18
|Giorgio
|Galasso
|S212985
|[[Risk Assessment: framework for combining CBA and MCDA]]
|-
|-
|Group 33
|Maria Elena
|Igarzabal Saborida
|S213206
|[[Intrinsic and Extrinsic motivation]]
|-
|-
|Group 32
|Aikaterini
|Deli
|s212459
|[[The Technique of Value Engineering (VE) in Architecture]]
|-
|-
|Group 08
|Jiajing
|Zhang
|s212412
|[[The Rolling-wave Planning]]
|-
|-
|Group
|Isera Sarah
|Hajaj
|s153540
|[[Standard Operating Procedures (SOPs)]]
|-
|Group 50
|Ibrahim
|Nassrallah
|s211254
|[[Brain Storming Technique]]-
|-
|-
|Group 29
|Panagiotis
|Bakas
|s216860
|[[Drexler/Sibbet Model for Team development and project management]]
|-
|-
|Group 20
|Dionysios
|Maroulis
|s212885
|[[Adapting-Resilient Management]]
|-
|-
|Group 32
|Gabriela Miti
|Tsuge Costa
|s220075
|[[Project loafing in Projects]]
|-
|-
|Group 32
|Helená Evin
|Cinar
|s164741
|[[The use of SWOT analysis]]
|-
|-
|Group 3
|Pietro
|Boschetto
|s213928
|[[Enterprise Risk Management]]
|-
|-
|Group 3
|Virginia
|Stinchi
|s213230
|[[The Blake and Mouton's Managerial (Leadership) Grid]]
|-
|-
|Group 32
|César
|Delafargue
|s212834
|[[Design validation]]
|-
|-
|Group 11
|Rune
|Andersen
|s180642
|[[Creating effective teams by means of mathematical modelling]]
|-
|-
|Group Name: 47
|Hannibal
|Danielsen
|s154283
|[[Managing SCRUM]]
|-
|Group 20
|Kunyi
|Yang
|s220027
|[[Wideband Delphi]]
|-
|Group 20
|Haeberle
|François
|s213827
|[[TOC (Theory of Constraints)]]

|-
|Group 3
|Cristiana
|Moraru
|s210219
|[[The strategy choice cascade. Where to play and how to win.]]
|-

|-
|Group 3
|Andrea
|Gatto
|s212974
|[[Emotional Intelligence in a Program, Project and Portfolio Management View]]
|-
|-
|Group 19
|Maria
|Bakali
|s220150
|[[Benefit realization management]]
|-

|-
|Group 20
|Iliana
|Dritsa
|s210373
|[[Risk management in Transport Infrastructure Projects (TIPs).]]
|-

Risk management in Transport Infrastructure Projects (TIPs)

2022-02-20T22:01:24Z

Iliana Dritsa:

Transportation has become a vital need with the expansion of populations and the emergence of new technologies. Transport Infrastructure Projects (TIPs) are large scale projects in the transportation sector such as airports, high speed railways, bridges, and subway construction.

Risk is the possibility that actions and their resulting impacts will turn out differently than anticipated. Risk involves uncertainty which is something that applies to situations in which potential outcomes and causal forces aren’t understood completely.

#The Nature of Risks in Transport Projects

Transport Infrastructure Projects (TIPs), technologically equipped projects, bring about numerous risks such as financial, technical, political, managerial, natural or legal. Being exposed to such risks in the planning and construction stage of TIPs, unexpected problems will likely emerge if possible risks are not identified and assessed beforehand.
The identification of risks in the planning phase of a project and the arrangement of impact values has become a requisite in increasing the success as well as minimizing the problems of a project.

Highway construction projects are subject to higher risks and uncertainties than other construction projects due to higher investments and more complexity and their dependency on economic, political and social challenges (Wilson, Molenaar 2009). Researchers can investigate the causes and additional costs in these projects using analysis of risk events.

Types of risk

• Completion Risk
Tecnhical risks appear in every project and it’s a reflection of the engineering difficulties and the innovation degrees. Operational risk summarizes the chances and uncertainties a project faces in terms of functionality that arises from inadequate or failed internal processes such as operating efficiency, available capacity, security failure or fraud.

• Market-related Risks
Market related risks refer to the risk associated with any investment decision. Demand is one crucial parameter due to the fact is hard to forecast and creates high levels of risk. Failures to reach traffic volumes have been observed because the users of airports, tunnels, ports, highways and bridges have alternatives and it is extremely difficult to forecast the behavior. Other sources of market risk are changes in commodity or equity prices, market movements, foreign exchange fluctuations or interest rate moves.

• Institutional Risks
Institutional risk is defined as the risk that the regulator will not meet its policy and organizational objectives.

The IMEC Study and Large Engineering Projects

IMEC (International Program in the Management of Engineering and Construction)
The IMEC study focused on themes such as coping with uncertainty through risk analysis, strategies and institution shaping

Approaches to Managing Risk / Methodological Framework

The main problem of project management conceptual stage is the selection of methods and approaches that will be used in project risk management. Theoretical perspectives on coping and structuring with risks, range from technical analysis to systemic and institutional approaches. Most of the times, probabilistic, statistical methods and expert methods are used.

references
https://backend.orbit.dtu.dk/ws/portalfiles/portal/4980374/Assessment+of+Transport+Projects+-+Risk+Analysis+and+Decision+Support.pdf

https://eprints.whiterose.ac.uk/113285/10/Paper%20transport%20V27.pdf

Risk management in Transport Infrastructure Projects (TIPs)

2022-02-20T21:54:12Z

Iliana Dritsa:

Transportation has become a vital need with the expansion of populations and the emergence of new technologies. Transport Infrastructure Projects (TIPs) are large scale projects in the transportation sector such as airports, high speed railways, bridges, and subway construction.

Risk is the possibility that actions and their resulting impacts will turn out differently than anticipated. Risk involves uncertainty which is something that applies to situations in which potential outcomes and causal forces aren’t understood completely.

#The Nature of Risks in Transport Projects

Transport Infrastructure Projects (TIPs), technologically equipped projects, bring about numerous risks such as financial, technical, political, managerial, natural or legal. Being exposed to such risks in the planning and construction stage of TIPs, unexpected problems will likely emerge if possible risks are not identified and assessed beforehand.
The identification of risks in the planning phase of a project and the arrangement of impact values has become a requisite in increasing the success as well as minimizing the problems of a project.

Highway construction projects are subject to higher risks and uncertainties than other construction projects due to higher investments and more complexity and their dependency on economic, political and social challenges (Wilson, Molenaar 2009). Researchers can investigate the causes and additional costs in these projects using analysis of risk events.

Types of risk

• Completion Risk
Tecnhical risks appear in every project and it’s a reflection of the engineering difficulties and the innovation degrees. Operational risk summarizes the chances and uncertainties a project faces in terms of functionality that arises from inadequate or failed internal processes such as operating efficiency, available capacity, security failure or fraud.

• Market-related Risks
Market related risks refer to the risk associated with any investment decision. Demand is one crucial parameter due to the fact is hard to forecast and creates high levels of risk. Failures to reach traffic volumes have been observed because the users of airports, tunnels, ports, highways and bridges have alternatives and it is extremely difficult to forecast the behavior. Other sources of market risk are changes in commodity or equity prices, market movements, foreign exchange fluctuations or interest rate moves.

• Institutional Risks
Institutional risk is defined as the risk that the regulator will not meet its policy and organizational objectives.

The IMEC Study and Large Engineering Projects

IMEC (International Program in the Management of Engineering and Construction)
The IMEC study focused on themes such as coping with uncertainty through risk analysis, strategies and institution shaping

Approaches to Managing Risk / Methodological Framework

The main problem of project management conceptual stage is the selection of methods and approaches that will be used in project risk management. Theoretical perspectives on coping and structuring with risks, range from technical analysis to systemic and institutional approaches. Most of the times, probabilistic, statistical methods and expert methods are used.

Risk management in Transport Infrastructure Projects (TIPs)

2022-02-20T21:52:33Z

Iliana Dritsa:

Risk management in Transport Infrastructure Projects (TIPs)

2022-02-20T21:51:45Z

Iliana Dritsa:

Risk management in Transport Infrastructure Projects (TIPs)

2022-02-20T21:50:29Z

Iliana Dritsa:

Risk management in Transport Infrastructure Projects (TIPs)

2022-02-20T21:49:42Z

Iliana Dritsa: Created page with "Transportation has become a vital need with the expansion of populations and the emergence of new technologies. Transport Infrastructure Projects (TIPs) are large scale projec..."