Engineering and contracting projects: A value at risk based approach to portfolio balancing

International Journal of Project Management

Volumn 25, Issue 6, 2007, Pages 569-578

  Caron, Franco ^a   Fumagalli, Mauro ^b   Rigamonti, Alvaro ^c  

^a POLITECNICO DI MILANO   (Italy)

^b Willis Italia   (Italy)

^c Rizzani De Eccher   (Italy)

Author keywords

Bidding; Risk; Strategy

Indexed keywords

PORTFOLIO BALANCING; VALUE AT RISK BASED APPROACH;

CONTRACTS; DECISION MAKING; FINANCE; RISK ANALYSIS;

PROJECT MANAGEMENT;

DECISION MAKING; PROJECT MANAGEMENT; RISK ASSESSMENT; STRATEGIC APPROACH;

EID: 34447648936     PISSN: 02637863     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.ijproman.2007.01.016     Document Type: Article

References (26)

1. Ahmad I., and Minkarch I. Questionnaire survey on bidding in construction. J Manage Eng ASCE 4 3 (1988) 229-243
2. Ahmad I. Decision support system for modelling bid/no-bid decision problem. J Construct Eng Manage 114 4 (1990) 595-608
3. Aleshin A. Risk management of international projects in Russia. Int J Project Manage 19 4 (2001) 207-222
4. Alquier AM, Cagno E, Caron F. Analysis of external and internal risks in project early phase. In: PMI research conference 2000.
5. Artzner P., Delbaen F., Eber J., and Heath D. Coherent measures of risk. Math Finan 9 3 (1999) 203-228
6. Cagno E., Caron F., Colombini F., Corner G., and Mancini M. A multidimensional analysis of major risks in complex projects. Risk Manage 9 (2007) 1-18
7. Chapman R. The controlling influences on effective risk identification and assessment for construction design management. Int J Project Manage 19 3 (2001) 147-160
8. Fumagalli M. Financial impact of project risks. Graduation thesis, Polytechnic of Milan, (2005/2006).
9. Han S.H., Diekmann E., Lee Y., and Ock H. Multicriteria financial portfolio risk management for international projects. J Const Eng Manage 130 3 (2004) 346-356
10. Hillson D. The risk breakdown structure (RBS) as an aid to effective risk management. In: Fifth European Project Management Institute Conference, 2002.
11. Hillson D. Effective opportunity management for projects (2004), Dekker
12. Kangari R., and Boyer L.T. Project selection under risk. J Construct Div-ASCE 107 4 (1981) 597-608
13. Kolltveit B., and Gronhaug K. The importance of the early phase: the case of construction and building projects. Int J Project Manage 22 7 (2004) 545-551
14. Lin C., and Chen Y. Bid/no-bid decision-making - a fuzzy linguistic approach. Int J Project Manage 22 7 (2004) 585-593
15. Liu S.L., Wang S.Y., and Lai K.K. A multiple attribute decision approach for bid/no-bid decisions. Int J Quant Oper Manage 5 1 (1999) 1-10
16. Lowe D., and Parvar J. A logistic regression approach to modelling the contractor's decision to bid. Constr Manage Econom 22 6 (2004) 643-653
17. Shash A. Factors considered in tendering decisions by top UK contractors. Constr Manage Econom 11 2 (1993) 111-118
18. Sudong Y., and Tiong R. NPV-at-risk method in infrastructure project investment evaluation. J Constr Eng Manage 126 3 (2000) 227-233
19. Szego G. Measures of risk. Eur J Oper Res 163 (2005) 5-19
20. Uryasev S. Conditional value at risk: optimization algorithms and applications. Finan Eng News (2000) 14
21. Valot D. Business relations between the operators and the service industry: who assumes the financial risk of a project? In: OTC conference, 2004.
22. Vergara A.J., and Boyer L.T. Portfolio theory: applications in construction. J Constr Eng Manage 103 1 (1977) 23-28
23. Vose D. Quantitative risk analysis: a guide to Monte Carlo simulation modelling (1996), Wiley and Sons
24. Wanous M., Boussabaine A.H., and Lewis J. To bid or not to bid: a parametric solution. Constr Manage Econom 18 4 (2000) 457-466
25. Wanous M., Boussabaine A.H., and Lewis J. A neural network bid/no bid model: the case for contractors in Syria. Constr Manage Econom 21 7 (2003) 737-744
26. Project Management Institute. The standard for portfolio management, 2006.