| Title |
Analysis for the Importance of Risk Factors through the Project Life Cycle |
| Keywords |
Risk Management ; Risk Breakdown Structure ; Risk Factor ; Risk Importance ; |
| Abstract |
Most construction companies recognize the necessity of risk management. The practical application, however, is not easy because of the absence of a systematic procedure for risk management and the difficulty in objectification of subjective risk factors. This study analyzes the present condition of risk management in construction industry by focusing on the important degree of each risk factor. The study includes a detailed questionnaire analysis for the major risk factors through the project life cycle. The analyzed results indicate that the factors, which have high importance and small deviation in the evaluated degree, should be included in risk breakdown structure(RBS). And the factors, which have small deviation in a relative evaluation among the main groups of project contract, need to be considered in the RBS because the factors have high confidence in estimating of important degree. |