| Author | Jirapong Pipattanapiwong |
| Call Number | AIT Thesis no.ST-00-43 |
| Subject(s) | Construction industry--Finance
|
| Note | A thesis submitted in partial fulfillment of the requirements for the degree of Master of
Engineering. |
| Publisher | Asian Institute of Technology |
| Abstract | Various external and internal risks are inherent in all construction projects.
Conventional risk management process is proposed to manage risks instead of traditional
approach that solely relies on intuition. However, in multi-parties environment,
conventional risk management processes (RMP) that generally deal with one patty may
not be applicable. Paiticularly in a construction project financed by an international
lender, which tends to make up significant part of Thai public construction works.
Managing risks at procurement and construction stages of this type of project are not
straightforward since several pa1ties such as an executing agency, contractor, consultant,
lender, borrower government are involved. Involvement of a larger number of patties
increase frequency and impact of risk occurrence since each patty has different
objectives. Furthermore, responses to some risk events taken by one party may become
another risk to other parties. Systematic process of managing risks in multi-parties
environment is thus required.
In this study the Multi-parties Risk Management Process (MRMP) is proposed.
The aim of the MRMP is to assist decision-makers in managing risk systematically and
most efficiently in multi-parties environment. The MRMP consists of risk identification,
structuring, analysis and response process that project participants are incorporated in
processes and analysis. In order to discuss the applicability, the MRMP is applied for a
public project of bridge and elevated road construction financed by the Asian
Development Bank (ADB) as a case study. The executing agency, contractor and
consultant involved with procurement and construction stages of project are concentrated.
Associated with the application of the MRMP, a number of contributions such as multipa1ties
response efficiency, multi-parties risk-response-risk, response characteristics,
source and consequence risk, and self-deficiency evaluations were demonstrated. Parties
involved in project can use these deliveries to manage risks and make decisions in multiparties
environment. |
| Year | 2000 |
| Type | Thesis |
| School | School of Engineering and Technology (SET) |
| Department | Department of Civil and Infrastucture Engineering (DCIE) |
| Academic Program/FoS | Structural Engineering (STE) /Former Name = Structural Engineering and Construction (ST) |
| Chairperson(s) | Watanabe, Tsunemi; |
| Examination Committee(s) | Chotchai Charoenngam;Pennung Warnitchai; |
| Scholarship Donor(s) | Asian Institute of Technology Pa1tial Scholarship; |
| Degree | Thesis (M.Eng.) - Asian Institute of Technology,2000 |