Title :
A methodology for project control through risk analysis: the case of a pipeline project
Author :
Ogunlana, S.O. ; Tabucanon, M.T. ; Dey, P.
Author_Institution :
Sch. of Civil Eng., Asian Inst. of Technol., Bangkok, Thailand
Abstract :
Projects exposed to uncertainties can be effectively controlled with the application of risk analysis during the planning stages. The Analytic Hierarchy Process (AHP), can be used to analyse risks associated with such projects. The results from risk analysis along with activity analysis are combined to develop a logical contingency allowance for the project through the application of probability theory. Effective control of the project is possible by limiting the changes within the allowance for each work package and the utilisation of contingency through proper appropriation. This methodology has been applied to a pipeline laying project in India. The example application demonstrates the effectiveness of the methodology for project control
Keywords :
construction industry; probability; project engineering; project management; risk management; Analytic Hierarchy Process; India; activity analysis; logical contingency allowance; pipeline laying; pipeline project; planning stages; probability theory; project control; risk analysis; Civil engineering; Computer aided software engineering; Costs; Environmental economics; Fluctuations; Fuel economy; Packaging; Pipelines; Risk analysis; Uncertainty;
Conference_Titel :
Engineering Management Conference, 1993. Managing Projects in a Borderless World. Pre Conference Proceedings., 1993 IEEE International
Conference_Location :
New Delhi
Print_ISBN :
0-7803-1763-7
DOI :
10.1109/IEMC.1993.316511
