Practical Approach to Cope with Construction Cost Uncertainty in an Inflationary Environment
There are actions suggested to mitigate the risk in costs caused by an inflationary economy, such as escalation clauses and including price contingencies in the bid . This paper presents...
Management Information System Application on a Multi-Million Overseas Project
Project Management Information Systems (PMIS) provides improved data quality, consistency, timeliness, and reporting flexibility and improved project teamwork. Project managers have a...
A Knowledge-Based Computer System for Financial Wind Risk Management
This paper presents the results of a sponsored applied research project conducted by a multi-disciplinary team to integrate state-of-the-art methods in wind and collateral (e.g., surge,...
The Integrated Systems Approach to Facilities Management
This paper investigates the condition and use of the systems for facilities management and discusses process and considerations for improving the long term value of integrated facilities...
Displacement of Landmark Building Resulting from Adjacent Construction Activities
This paper describes the observations and presents comments related to the measurement of settlement and the avoidance of damage to a historic structure in the City of New York from adjacent...
Vibration Induced Settlement From Blast Densification and Pile Driving
This paper describes settlement and vibration environments produced by two construction activities, blast densification and pile driving. Blasting is of interest because of the significant...
Federal Risk Management Policy: Where Are the Problems?
Federal risk management policy involves both risk assessment and risk management elements. Risk assessment consists of hazard identification, dose-response assessment, exposure assessment,...
When and How Can You Specify a Probability Distribution When You Don't Know Much?
This paper presents an excerpt from the proceedings of the above-named workshop, and gives an overview of both the workshop and the proceedings. Five papers with diverse and complementary...
Methods for Risk and Reliability Analysis
Recently, there has been considerable emphasis on the state of decay in the nation's infrastructure because of its importance to society's needs and industrial growth. Water distribution...
Water Infrastructure Risk Ranking and Filtering Method
The availability of water distribution infrastructure is critical to the sustained support and growth of society. Water infrastructure consists of systems that carry water (pipe and irrigation...
A Theoretical Framework for Risk Assessment
This paper puts forth a theoretical framework for the development of any risk model. The focus is on the distinction between model and parameter uncertainty....
Risk Analysis: Wet Weather Flows in S.E. Michigan
Institutional aspects of risk analysis are examined in two separate activities in the state of Michigan. The state of Michigan's relative risk project, patterned after the U.S. EPA's risk...
Measuring the Benefits of Flood Risk Reduction
Property damages avoided, land price analysis, and contingent valuation were techniques used to estimate the economic benefits of flood risk reduction for residential land parcels in Roanoke,...
Public Perceptions of Fresh Water Issues
Risk management takes place in a context of public perceptions of fresh water quality, quantity, and availability. Regardless of their consistency or inconsistency with expert opinions,...
Subjective De-Biasing of Data Sets: A Bayesian Approach
In this paper, we examine the relevance of data sets (for instance, of past incidents) for risk management decisions when there are reasons to believe that all types of incidents have...
Bayes' Theorem and Quantitative Risk Assessment
This paper argues that for a quantitative risk analysis (QRA) to be useful for public and private decisionmaking, and for rallying the support necessary to implement those decisions, it...
Risk-Based Analysis for Flood Damage Reduction
The traditional approach of the U.S. Army Corps of Engineers to flood damage reduction studies is compared to risk-based analysis, a method of performing studies in which uncertainty in...
Quantifying Flood Damage Uncertainty
The U.S. Army Corps of Engineers (Corps) has adopted a risk-based analysis procedure to analyze the effect of uncertainty on flood damages and the benefits of flood damage reduction projects....
Flood Loss Assessment with Integrated Measures
In most cases, the maximum flood loss reduction can be achieved only by an optimal combination of both structural and nonstructural measures. An integrative approach that combines the...
Risk-Based Budgeting for Maintenance Dredging
The U.S. Army Corps of Engineers must estimate the budget required to conduct maintenance dredging at hundreds of sites across the country. The amount of funds needed to do the maintenance...
Return to search