Construction of Risk Evaluation Index System for Power Grid Engineering Cost by Applying WBS-RBS and Membership Degree Methods

Construction of Risk Evaluation Index System for Power Grid Engineering Cost by Applying WBS-RBS and Membership Degree Methods

Based on the perspective of cost risk management of the entire process of power grid construction project, the WBS-RBS risk identification method is applied. The risk factors of power grid engineering cost are comprehensively identified from the five major engineering cost formation stages: investme...

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Main Author: Jiao Wang
Format: Article
Language:English
Published: Hindawi Limited 2020-01-01
Series:Mathematical Problems in Engineering
Online Access:http://dx.doi.org/10.1155/2020/6217872
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spelling doaj-e15c5c817de0422c9b2f829a45019e9c2020-11-25T03:24:00ZengHindawi LimitedMathematical Problems in Engineering1024-123X1563-51472020-01-01202010.1155/2020/62178726217872Construction of Risk Evaluation Index System for Power Grid Engineering Cost by Applying WBS-RBS and Membership Degree MethodsJiao Wang0School of Business Economic Management, North–East China Electric Power University, Jilin 132012, ChinaBased on the perspective of cost risk management of the entire process of power grid construction project, the WBS-RBS risk identification method is applied. The risk factors of power grid engineering cost are comprehensively identified from the five major engineering cost formation stages: investment decision estimate stage, design estimate stage, bidding price stage, construction budget stage, and final account stage. Combined with the basic data obtained from the questionnaire, the membership degree method is adopted to screen the key indicators of the preliminary factors of cost risk and then eliminate the redundant indicators. Furthermore, a set of simple and efficient risk evaluation index system for power grid engineering cost is constructed in order to improve the risk evaluation and management level of power grid construction project in China.http://dx.doi.org/10.1155/2020/6217872
collection DOAJ
language English
format Article
sources DOAJ
author Jiao Wang
spellingShingle Jiao Wang
Construction of Risk Evaluation Index System for Power Grid Engineering Cost by Applying WBS-RBS and Membership Degree Methods
Mathematical Problems in Engineering
author_facet Jiao Wang
author_sort Jiao Wang
title Construction of Risk Evaluation Index System for Power Grid Engineering Cost by Applying WBS-RBS and Membership Degree Methods
title_short Construction of Risk Evaluation Index System for Power Grid Engineering Cost by Applying WBS-RBS and Membership Degree Methods
title_full Construction of Risk Evaluation Index System for Power Grid Engineering Cost by Applying WBS-RBS and Membership Degree Methods
title_fullStr Construction of Risk Evaluation Index System for Power Grid Engineering Cost by Applying WBS-RBS and Membership Degree Methods
title_full_unstemmed Construction of Risk Evaluation Index System for Power Grid Engineering Cost by Applying WBS-RBS and Membership Degree Methods
title_sort construction of risk evaluation index system for power grid engineering cost by applying wbs-rbs and membership degree methods
publisher Hindawi Limited
series Mathematical Problems in Engineering
issn 1024-123X
1563-5147
publishDate 2020-01-01
description Based on the perspective of cost risk management of the entire process of power grid construction project, the WBS-RBS risk identification method is applied. The risk factors of power grid engineering cost are comprehensively identified from the five major engineering cost formation stages: investment decision estimate stage, design estimate stage, bidding price stage, construction budget stage, and final account stage. Combined with the basic data obtained from the questionnaire, the membership degree method is adopted to screen the key indicators of the preliminary factors of cost risk and then eliminate the redundant indicators. Furthermore, a set of simple and efficient risk evaluation index system for power grid engineering cost is constructed in order to improve the risk evaluation and management level of power grid construction project in China.
url http://dx.doi.org/10.1155/2020/6217872
work_keys_str_mv AT jiaowang constructionofriskevaluationindexsystemforpowergridengineeringcostbyapplyingwbsrbsandmembershipdegreemethods
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