Title A Study on the Risk Evaluation of Apartment Development Project based on VE
Authors Lee, Hyun-Chul ; Shin, Seog-Bae ; Hong, Ju-Hyun ; Go, Seong-Seok
Page pp.14-25
ISSN 1229-7534
Keywords Apartment ; Development Project ; Risk ; VE(Value Engineering)
Abstract Development work of apartment houses is a complex medium-and long-term project requiring grand resources and work force. Since in combination inner and outer project variables relate to project output, uncertainties caused by not only a given site condition but also politic, economy and social sectors are generated during the project. These risks influence output of the project as important factors, and ultimately as management variables in priority giving an effect on earnings and the financial structure of enterprises they should be manageable with the risk reduction plan. In this point of view, this study focused on development work of apartment houses among construction project. Risky factors were deduced, analyzed and evaluated based on Value Engineering from planning to designing to executing to maintaining. Eventually, this study showed the foundation guaranteeing competitive power of public and private construction sectors.