Title Evaluating and Suggesting Key Risk Factors according to Risk Hierarchy of Occurrence Field in the Overseas Development Projects
Authors Lee, Jeong-Seok ; Ahn, Byung-Ju ; Kim, Jae-Jun
DOI http://dx.doi.org/10.6106/KJCEM.2012.13.2.070
Page pp.70-79
ISSN 1229-7534
Keywords Overseas Development Projects ; Risk Hierarchy ; AHP ; Fuzzy theory ; Key Risk Factors
Abstract The Korean Government recently has been focused on strengthening competitiveness of order and stimulating construction market in the international construction industry. It has planned to extend the ODPs (overseas development projects) in order to diversifying the international construction market of which is domestic construction companies, placing too much emphasis on plant projects of the Middle East. However, literature review of risk analysis in the ODPs shows that the number of case study is several. Therefore, Authors asserted the necessity of risk analysis in the ODPs. The purpose of this study is to suggest a methodology that find KRFs (key risk factors) in the ODPs and analyze them, using AHP and Fuzzy theory. As a result, the 37 KRFs are selected and explained characteristics of them. A future direction of this study is to suggest a risk management model in the ODPs and prove feasibility of it.