MODELING OF “RISK MANAGEMENT” ASSESSMENT IN THE CONSTRUCTION PROJECT MANAGEMENT SYSTEM

• Main Authors: Т. Г. Фесенко, Moхамед Абдулсалам Сієк Алі
• Format: Article
• Language: English
• Published: Cherkasy State Technological University 2018-06-01
• Series: Вісник Черкаського державного технологічного університету
• Subjects: зрілість ризик-менеджменту; управління будівельними проектами; компанія-забудовник.
• Online Access: http://vtn.chdtu.edu.ua/article/view/162522
• ISSN: 2306-4412; 2708-6070

The basic processes, methods and tools of the project risk management in the knowledge system “Guide to the Project Management Body of Knowledge” outlined. The theoretical and practical approaches to managing risk events affecting the cost, terms, quality of construction projects analysed. The correlation matrix of risk management processes to “tools and methods” of their implementation compiled. It is proposed to highlight the risk components as an important condition for the developer’s technological maturity in construction projects, programs, portfolio management. The risk manage-ment maturity model for the context of construction project risk management is developed. The math-ematical description for the evaluation of five maturity levels of risk management presented. The re-strictions of the target function of maturity “Risk Management” for each of the levels defined. The developed assessment tool is applicable for the work of top management of construction and development companies. It will be useful to self-assess progress in the development of risk-sustainable management. It is effective in choosing the actions necessary to move to a higher level of maturity. It is noted that the author's approach requires further scientific and practical development in the direction of operations with specific data.