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Contract project risk management strategy in an unstable market situation in Vietnam project case study : Canary Resident Phase 2 Project in the proposed Guocoland mixed development at Vsip I Thuan An District, Binh Duong Province | |
Author | Nguyen Truong Hung |
Call Number | AIT Proj. no.MPM-CM-12-19 |
Subject(s) | Construction industry--Risk management--Vietnam |
Note | A Project submitted in partial fulfillment of the requirements for the degree of Master of Engineering (Professional) in Construction Engineering and Infrastructure Management, School of Engineering and Technology |
Publisher | Asian Institute of Technology |
Series Statement | Project ; no. MPM-CM-12-19 |
Abstract | Construction business and Real estate business began to face difficulties since the first Quarter 2010 due to European economic downturn has affected foreign investment FDI in Vietnam to decrease, and interest bank rate is too high , and significant GDP decline has direct impact on the construction on the construction sector and real estate business. Investors face many risks in the project and this has indirectly affected to contractors, suppliers of projects. Therefore, risk management, especially risk management due to difficulties economic and slow market situation as to be appreciated in order to minimize the risks. Risks cannot eliminated, however, if contractor implementation of strict risk management system, risk can minimized, transferred or retained, There are several ways of risk dealing such as transfers the risk to another party, avoiding the risk, reducing the negative effect of the risk, as well as accepting some or all of the consequences of a particular risk. The active and early identification, analysis and evaluation, with control measures and reduce the impact of risk is urgently needed to ensure the feasibility and efficiency of the project. The benefit of risk management as well as effectives of project management is save time, avoid cost overrun, ensuring is project complete on schedule as planned, and good quality. This study listed Owner behaviours often occur in construction projects when they encounter difficulties in the market, and contractors in risks management strategy to overcome the risks due to operating through the construction projects. |
Year | 2012 |
Corresponding Series Added Entry | Asian Institute of Technology. Project ; no. MPM-CM-12-19 |
Type | Project |
School | School of Engineering and Technology (SET) |
Department | Department of Civil and Infrastucture Engineering (DCIE) |
Academic Program/FoS | Construction Engineering and Infrastructure Management (CM) |
Chairperson(s) | Hadikusumo, Bonaventura H.W; |
Examination Committee(s) | Chotchai Charoenngam;Santi Charoenpornpattana; |
Degree | Project (M. Eng.) - Asian Institute of Technology, 2012 |