Abstract: The process of risk management includes three phases of risk identification, risk quantification, and risk control. Of the three phases, many managers agree that the major benefits of risk management are derived from the ...

Abstract: Construction planning, engineering, management and maintenance are receiving increasing attention as possible application domains for knolwedge‐based expert systems. Although oportunities for this new computer technology ...

Abstract: Construction financing is continually evolving, especially with regard to the role of the contractor. Of the various schemes surfacing, counter‐trade financing is perhaps the most difficult for modern contractors. This ...

Abstract: Construction contract types and general condition clauses have a major influence on the likelihood and degree of project success. A comprehensive empirical study was conducted for 36 very large capital construction projects ...

Abstract: Political risk identification, measurement, and management are key to successful international construction contracting. Multinational contractors are particularly sensitive to quick, unexpected change in the political ...

Abstract: This paper discusses important aspects that can help project managers efficiently allocate their limited resources and thus help them achieve high levels of construction project performance. Additional, previously undiscussed ...

Abstract: This paper presents a performance modeling methodology for application to individual projects. The model combines experience captured from experts with assessments from the project team. The methodology consists of a ...

Abstract: A process for evaluating lunar‐base construction equipment and methods concepts is presented. The process is driven by the need for more quantitative, systematic, and logical methods for assessing further research and ...

Abstract: Failures, poor performance or low productivity during construction may force construction project managers to make critical decisions; these decisions must be made in a rational and time‐responsive manner. A new decision‐making ...

Abstract: In April 2006, the Panama Canal Authority formally proposed a major expansion of the canal to increase its capacity and make it more productive, safe, and efficient. This proposal included cost and schedule estimates for ...