Life Cycle Considerations to Optimize Risk Assessment and Management for International Projects

G. Edward Gibson, John Walewski, Guy Dudley

Research output: Chapter in Book/Report/Conference proceedingConference contribution

1 Scopus citations

Abstract

Although the demand for assessing risks across the entire life cycle of international projects is apparent, a limited body of research and non-proprietary management tools exist to address these issues. This paper investigates the initial results of an on-going research project to facilitate systematic risk assessment to improve decision-making on international projects. The study underscores the need for suitable risk assessment methods throughout the project life cycle, and findings to date show that international construction performance can be enhanced when owners and contractors consider risks across the spectrum of a project rather than a one-time effort at the onset. Furthermore, risk assessment across the project continuum provides greater transparency in decision-making and optimizes project governance.

Original languageEnglish (US)
Title of host publicationConstruction Research Cogress, Winds of Change
Subtitle of host publicationIntegration and Innovation in Construction, Proceedings of the Congress
EditorsK.R. Molenaar, P.S. Chinowsky
Pages673-680
Number of pages8
StatePublished - Dec 1 2003
Externally publishedYes
EventConstruction Research Congress, Winds of Change: Integration and Innovation in Construction, Proceedings of the Congress - Honolulu, HI., United States
Duration: Mar 19 2003Mar 21 2003

Publication series

NameContruction Research Congress, Winds of Change: Integration and Innovation in Construction, Proceedings of the Congress

Other

OtherConstruction Research Congress, Winds of Change: Integration and Innovation in Construction, Proceedings of the Congress
CountryUnited States
CityHonolulu, HI.
Period3/19/033/21/03

ASJC Scopus subject areas

  • Civil and Structural Engineering
  • Building and Construction
  • Engineering(all)

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  • Cite this

    Gibson, G. E., Walewski, J., & Dudley, G. (2003). Life Cycle Considerations to Optimize Risk Assessment and Management for International Projects. In K. R. Molenaar, & P. S. Chinowsky (Eds.), Construction Research Cogress, Winds of Change: Integration and Innovation in Construction, Proceedings of the Congress (pp. 673-680). (Contruction Research Congress, Winds of Change: Integration and Innovation in Construction, Proceedings of the Congress).