Risk Action Plans’ Cost Optimization by Considering Risks’ Interdependency

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Roshan, Razieh | 2014

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Type of Document: M.Sc. Thesis
Language: Farsi
Document No: 46671 (01)
University: Sharif University of Technology
Department: Industrial Engineering
Advisor(s): Shadrokh, Shahram
Abstract:
Risk management, one of the knowledge areas in project management, plays a key role in the success of projects in today’s unstable situation. The massive cost reduction achieved by risk management can manifest its importance even more in huge construction projects in gas and oil industry such as developments of power plants and petrochemical complexes. In this research, the effect of considering the correlation between risks and consequently the effect of risk action plans on other risks in their execution cost reductions has been demonstrated. A questionnaire has been designed, many experts have been interviewed, and using statistical methods, the risks’ interdependencies have been substantiated. A mathematical modeling and GAMS software have been used to validate the execution cost reduction of risk action plans. The data used in this study has been collected from South Pars Gas Field Development and Oil and Petrochemical Complexes, phase 14th from Nearperse company
Keywords:
Risk ; Risk Management ; Solidarity ; Action Plan ; Construction Projects

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