CBR Approach in BOT Project Risk Assessment

This paper uses case-based reasoning (CBR) approach to establish estimation method of build-operate-transfer (BOT) project risk, through a CBR assessment system that helps stakeholder to master the specific features of the BOT project under the present conditions. Affected by numerous factors related both to the specific features of the project and dynamically changed situations, BOT projects risk assessment problems are highly unstructured. Risk management aims to anticipate the future performances of the project and the economic parameter range of the project. Through the CBR system, similar cases can be retrieved to assess the possible influence of BOT project risk degree. An example of garbage burning power plant in china is explained and evaluated to demonstrate the feasibility of the method.