Title :
Study on grid engineering construction project owner´s risk evaluation under PMC model
Author :
Li Yangyang ; Wang Ting
Author_Institution :
Dept. of Manage. of City Coll., Wuhan Univ. of Technol. of China, Wuhan, China
Abstract :
Based on basic features analysis of grid engineering construction project risk under PMC model, the paper sets up grey analytic evaluate model for project owner´s risk management, addressing specific and realistic problems propping up during the project process. The model provides a framework for the project owner to control and manage risks, with depth discussion on the nature, evaluation, control and causes of man-made, economic, natural and specific risks. In this way, the paper enriches the theory of risk management and control and also studies the realistic problems. Therefore, the paper is operational oriented with a solid theoretical foundation and provide a useful guidance for the project owners.
Keywords :
grey systems; power grids; power system control; project management; risk management; PMC model; control risks; economic risks; features analysis; grey analytic evaluate model; grid engineering construction; man-made risks; manage risks; project management contract/contractor; project owner; risk evaluation; risk management; Analytical models; Contracts; Indexes; Investments; Project management; Risk management; Schedules; Grey analytic evaluation; Grid engineering construction project; Owner´s risk; PMC model;
Conference_Titel :
Artificial Intelligence, Management Science and Electronic Commerce (AIMSEC), 2011 2nd International Conference on
Conference_Location :
Deng Leng
Print_ISBN :
978-1-4577-0535-9
DOI :
10.1109/AIMSEC.2011.6011105