Applying Probabilistic Risk Management in Design and Construction Projects, Version 1.2

Publication No

IR280-2

Type

Excel spreadsheet

Publication Date

Mar 01, 2013

Pages

Research Team

RT-280

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DOCUMENT DETAILS

Abstract

Key Findings

Filters & Tags

Abstract

CII Research Team (RT) 280 developed this comprehensive guide to probabilistic risk analysis, first to help organizations determine whether the probabilistic approach is appropriate for their projects, and, if appropriate, to help them implement it. T

Key Findings

IR280-2, Applying Probable Risk Management to Design and Construction Projects

A comprehensive guide to probabilistic risk analysis, first to help organizations determine whether the probabilistic approach is appropriate for their projects, and, if appropriate, to help them implement it. The guide takes the user through the typical steps of adopting probabilistic risk analysis, from identifying risks to interpreting a probability distribution. The guide also provides an overview of the interactive risk register tool, also developed by the research team.

IR280-2, Risk Register Tool (Excel Spreadsheet)

Helps project personnel create project risk registers and selecting the appropriate risk management level.

Filters & Tags

Knowledge Area

Project Controls, Project Planning, Risk Management

Best Practice

Project Risk Assessment

Project Phase

Feasibility, Detailed Scope, Detailed Design (Engineering), Construction

Project Function

Project Business Sponsor, Project Management, Project Controls, Risk Management, External Stakeholders

Industry Group

Light Industrial, Heavy Industrial, Buildings, Infrastructure

Research Topic

Probabilistic Risk Management in Design and Construction Projects

Keywords

Risk Management, Risk Register, Capital Projects, Risk Allocation, Risk Identification, Probabalistic Contols, Deterministic Risk Analysis, Probabalistic Approach, Probability, rt280

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