A fuzzy approach to construction project risk assessment

International Journal of Project Management

Volumn 29, Issue 2, 2011, Pages 220-231

  Nieto Morote, A ^a   Ruz Vila, F ^a  

^a TECHNICAL UNIVERSITY OF CARTAGENA   (Spain)

Author keywords

Linguistics variables; Risk assessment; Risk factor; Trapezoidal fuzzy numbers

Indexed keywords

ANALYSIS PROBLEMS; ANALYSIS PROCESS; CONSTRUCTION PROJECT RISK; CONSTRUCTION PROJECTS; DEFUZZIFICATIONS; EFFECTIVE TOOL; FUZZY APPROACH; FUZZY PREFERENCE RELATIONS; FUZZY RISK; FUZZY SETS THEORY; ILLUSTRATIVE EXAMPLES; KNOWLEDGE AND EXPERIENCE; LINGUISTIC VARIABLE; PAIR-WISE COMPARISON; QUALITATIVE DATA; QUALITATIVE SCALE; QUANTITATIVE RISK-ASSESSMENT TECHNIQUES; REAL-WORLD; REHABILITATION PROJECTS; RISK ASSESSMENT METHODOLOGIES; RISK FACTOR; RISK FACTORS; RISK IMPACT; RISK PROBABILITIES; SUBJECTIVE JUDGEMENT; TRAPEZOIDAL FUZZY NUMBERS;

CONSTRUCTION INDUSTRY; DECISION THEORY; FUZZY RULES; FUZZY SET THEORY; FUZZY SETS; HIERARCHICAL SYSTEMS; LINGUISTICS; RATING; RISK ANALYSIS; UNCERTAINTY ANALYSIS;

RISK ASSESSMENT;

ALGORITHM; ANALYTICAL HIERARCHY PROCESS; COMPLEXITY; CONSTRUCTION INDUSTRY; FUZZY MATHEMATICS; PROJECT MANAGEMENT; QUALITATIVE ANALYSIS; QUANTITATIVE ANALYSIS; RISK ASSESSMENT; RISK FACTOR; UNCERTAINTY ROLE;

EID: 78650831689     PISSN: 02637863     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.ijproman.2010.02.002     Document Type: Article

References (40)

1. Ahmed A., Kayis B., Amornsawadwatana S. A review of techniques for risk management in projects. Benchmarking 2007, 14:22-36.
2. Baloi D., Price A.D.F. Modelling global risk factors affecting construction cost performance. International Journal of Project Management 2003, 21:261-269.
3. Carr V., Tah J.H.M. A fuzzy approach to construction project risk assessment and analysis: construction project risk management system. Advances in Engineering Software 2001, 32:847-857.
4. Cervone H.F. Project risk management. OCLC Systems & Services 2006, 22:256-262.
5. Chapman C. Project risk analysis and management - the PRAM generic process. International Journal of Project Management 1997, 15:273-281.
6. Chapman C.B., Ward S.C. Project Risk Management: Processes, Techniques and Insights 1997, Wiley.
7. Chen S.J., Hwang C.L. Fuzzy Multiple Attribute Decision Making: Methods and Applications 1992, Springer-Verlag, pp. 465-474.
8. Chia S.E. Risk assessment framework for project management. IEEE 2006, 376-379.
9. Cho H.M., Choia H.H., Kimb Y.K. A risk assessment methodology for incorporating uncertainties using fuzzy concepts. Reliability Engineering and System Safety 2002, 78:173-183.
10. Cooper D.F., Champan C.B. Risk Analysis for Large Project 1987, Wiley, Chichester.
11. Dikmen I., Birgonul M., Han S. Using fuzzy risk assessment to rate cost overrun risk in international construction projects. International Journal of Project Management 2007, 25:494-505.
12. Dong Y., Xu Y., Li H. On consistency measures of linguistic preference relations. European Journal of Operational Research 2008, 189:430-444.
13. Dubois D., Prade H. Operations on fuzzy numbers. International Journal of Systems Science 1978, 9:613-626.
14. Edwards P.J., Bowen P.A. Risk and risk management in construction: a review and future directions for research. Engineering Construction and Architectural Management 1998, 5:339-349.
15. Fujino, T., 1994. The Development of a Method for Investigation Construction site Accidents Using Fuzzy Fault Tree Analysis. PhD Thesis. The Ohio State University, USA.
16. Ghazanfari M., Nojavan M. Reducing inconsistency in fuzzy AHP by mathematical programming models. Asia-Pacific Journal of Operational Research 2004, 21:379-391.
17. Herrera-Viedma E., Herrera F., Chiclana F., Luque M. Some issues on consistency of fuzzy preference relations. European Journal of Operational Research 2004, 154:98-109.
18. Hertz D.B., Thomas H. Risk Analysis and its Applications 1994, John Wiley & Sons, Detroit.
19. Huang D., Chen T., Wang M.J.J. A fuzzy set approach for event tree analysis. Fuzzy Sets and Systems 2001, 118:153-165.
20. Institute of Risk Management, 2002. A risk management. Standard Institute of Risk Management.
21. Institution of Civil Engineers, 2002. Risk Analysis and Management for Projects (RAMP). Institution of Civil Engineers and Faculty and Institute of Actuaries. Thomas Telford, London.
22. Jaafari A. Management of risk, uncertainties and opportunities on projects: time for a fundamental shift. International Journal of Project Management 2001, 19:89-101.
23. Kartam N.A., Kartam S.A. Risk and its management in the Kuwaiti construction industry: a contactors' perspective. International Journal of Project Management 2001, 19:325-335.
24. Kaufmann A., Gupta M.M. Introduction to Fuzzy Arithmetic: Theory and Application 1991, Van Nostrand Reinhold, New York.
25. Klir J.k., Yuan B. Fuzzy sets and fuzzy logic. Theory and Applications 1995, Prentice Hall, New Jersey, pp. 102-104.
26. Lyons T., Skitmore M. Project risk management in the Queensland engineering construction industry: a survey. International Journal of Project Management 2004, 22:51-61.
27. Ma J., Fan Z.P., Jiang Y.P., Mao J.Y., Ma L. A method for repairing the inconsistency of fuzzy preference relations. Fuzzy Sets and Systems 2006, 157:20-33.
28. Mark, W., Cohen, P.E., Glen, R.P., 2004. Project Risk Identification and Management. AACE International Transaction. INT.01.1-5.
29. Mayor, Trillas, E., 1986. On the representation of some aggregation functions. In: Proc. 16th ISMVL, Blacksburg, pp. 110-114.
30. Perry J.G., Hayes R.W. Risk and its management in construction projects. Proceeding of Institution Civil Engineers 1985, 499-521.
31. Project Management Institute, 2008. A guide to the project management body of knowledge. Project Management Institute Standards Committee.
32. Tah J.H.M., Thorpe A., McCaffer R. Contactor project risks contingency allocation using linguistic approximation. Computing System in Engineering 1993, 4:281-293.
33. Wang T.C., Chen Y.H. Applying fuzzy linguistic preference relations to the improvement of consistency of fuzzy AHP. Information Sciences 2008, 178:3755-3765.
34. Wang Y.M., Elhag T.M.-S. A fuzzy group decision making approach for bridge risk assessment. Computers & Industrial Engineering 2007, 53:137-148.
35. Wirba E.N., Tah J.H.M., Howes R. Risk interdependencies and natural language computations. Journal of Engineering, Construction and Architectural Management 1996, 3:251-269.
36. Yager R.R. On a general class of fuzzy connectives. Fuzzy Sets & Systems 1980, 4:235-242.
37. Zadeh L.A. Fuzzy sets. Information Control 1965, 8:338-353.
38. Zeng J., An M., Smith N.J. Application of a fuzzy based decision making methodology to construction project risk assessment. International Journal of Project Management 2007, 27:589-600.
39. Zhang G., Zou P.X.W. Fuzzy analytical hierarchy process risk assessment approach for joint venture construction projects in China. Journal of Construction Engineering and Management 2007, 133:771-779.
40. Zhou L., Vasconcelos A., Numes M. Supporting decision making in risk management through an evidence-based information systems project risk checklist. Information Management & Computer Security 2008, 16:166-186.