Title : 
Project risk identification and evaluation in power grid construction
         
        
            Author : 
Ruan Aiqing ; Chen Ya ; Fu Weixian
         
        
            Author_Institution : 
Sch. of Bus., Wenzhou Univ., Wenzhou, China
         
        
        
        
        
            Abstract : 
With modern risk management theory, the grid construction risk of Wenzhou Power Authority is identified and evaluated from various angles based on project life cycle of power grid construction in this paper. From practical perspectives, two dimensions, life cycle and view point of management, are designed into a matrix-type risk factors questionnaire. In data processing, taking the number of experts and feature of project management into account, the comprehensive expert weight method is proposed which is composed of level weight and qualification weight. Also, directly risk assessment and indirectly calculated risk evaluation are compared and proved their complementary to each other by gray correlation analysis.
         
        
            Keywords : 
matrix algebra; power grids; power system management; risk management; Wenzhou power authority; data processing; gray correlation analysis; matrix-type risk factor questionaire; power grid construction; project life cycle; project management; project risk identification; risk assessment; risk management theory; Contracts; Fires; Production; Qualifications; Substations; expert qualification weight; power grid projects; risk assessment;
         
        
        
        
            Conference_Titel : 
Grey Systems and Intelligent Services (GSIS), 2011 IEEE International Conference on
         
        
            Conference_Location : 
Nanjing
         
        
            Print_ISBN : 
978-1-61284-490-9
         
        
        
            DOI : 
10.1109/GSIS.2011.6044067