| Author | Dang Thai Son |
| Call Number | AIT Proj. no.MPM-CM-11-06 |
| Subject(s) | Bridge construction industry--Risk management--Vietnam
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| Note | A project submitted in partial fulfillment of the requirements for the degree of Master of Engineering (Professional) in Construction, Engineering and Infrastructure Management |
| Publisher | Asian Institute of Technology |
| Series Statement | Project ; no. MPM-CM-11-06 |
| Abstract | Risk management is an indispensable job because it will help the project reduce and minimize the extraordinary impacts occur which affect to the general objective of the project. In this study, we should learn about the concept of risk with its two specific characteristics: probability of occurrence and degree of impact. In addition, the classification of risk is also a meaningful deed; each kind of risk is different, therefore, risk management issue is also totally different. To manage risk, a process of six steps can be applied. First, making risk management plan for general orientation of work and scope of performance to manage the risks. Then, carrying out risk determination, it means to list out the risks might occur in the project. Since then analyzing probability of occurrence and the degree of impact of the risks, Control and adjustment of risks are to implement the plan for dealing with actual risks. Contract management is extremely important in the project management. Referring to the contract, the project manager will treat and adjust the relationship as well as contradiction between interests and liability of the parties concerned in the project. Therefore, being a project manager, he or she needs to master the sequence of steps of signing and , implementing the project contract, the arising issues and conditions of alteration, omission or termination of project contract as well as the approaches to resolve and settle disputes in the contract. Once dispute arises, it is wise that the parties should seek for negotiation, discussion or conciliation. This approach is simple, effective and little cost while claim and arbitration approach is more complicated, costly and waste of time. "Discourage litigation. Persuade your neighbors to compromise whenever you can. Point out. to them how the nominal winner is often a real loser - in fee, expenses and waste of time." |
| Year | 2011 |
| Corresponding Series Added Entry | Asian Institute of Technology. Project ; no. MPM-CM-11-06 |
| Type | Project |
| School | School of Engineering and Technology |
| Department | Department of Civil and Infrastucture Engineering (DCIE) |
| Academic Program/FoS | Construction Engineering and Infrastructure Management (Professional Master) (MPM-CM) |
| Chairperson(s) | Chotchai Charoenngam |
| Examination Committee(s) | Hadikusumo, Bonaventura H. W.;Santi Charoenpornpattana |
| Scholarship Donor(s) | Lan Anh Private Enterprise, Vietnam |
| Degree | Project (M. Eng.) - Asian Institute of Technology, 2011 |