Risk Management in Green Retrofit Projects: Eco Uncertainties

This study addresses the critical need for specialized risk identification practices in green retrofit projects within the construction industry, particularly under the increasing pressure to meet the EU's net-zero emissions target by 2050. Focusing on the Netherlands, it investigates how companies navigate the unique challenges posed by...

Processing complexities in conjunction with risks to support the project risk management: Investigation of relationships between complexities and risks in complex construction projects for usage during the project risk management process

The goal of this research is to provide insights into the relationships between complexities and risks to be used in risk analysis and management of complex construction projects. In preparation of the exploratory survey, a literature study is performed. After that, the CBRAT (Complexity Based Risk Assessment Technique) is designed to capture...

A comparison of risk analysis approaches: Performance assessment of cost and time estimating on a real project

Risk management is undoubtedly a precious component of the overall project management field. It assists in identifying, assessing and mitigating the uncertainties that are present in a project. These uncertainties affect important measures of a project, of which cost and schedule are the most prominent, and consequently put project success under...

Discovering the Potential of Risk-based Critical Chain Project Management in the Maritime Industry

There is a never-ending quest to search for better ways of planning and controlling projects. Currently the majority of all projects are planned with the critical path method and controlled using earned value management. This way of planning and controlling projects has been used for decades now and can be seen as traditional project management ...

The effects of trust on the effectiveness of project risk management for engineering and construction projects

The main objective of this research project is to explore the potential correlation between the level of trust between project managers and clients and the effectiveness of their Project Risk Management. The research project is executed in collaboration with Tebodin, a Dutch company that offers engineering and consultancy services worldwide;...

The added-value of project risk management in an innovative firm operating in a high technology environment

Project risk management has become a hot topic for companies. A lot of literature is written about implementation, but there isn’t much information available about the practical implications implementation introduces in different industries. This research focuses on the differences between theoretical implementation and the actual implementation...

Assessment and Improvement of Project Risk Management at Huisman Equipment

Project Risk Management Practices: How can the current Project Risk Management practices surrounding medium construction projects be optimized?

Multiple instruments and procedures are used within the different project management areas in order to execute projects in an efficient and controllable way. Project Risk Management (PRM) has become over the past years a crucial part of the project management practices and is seen by many practitioners as a key factor to go towards more...

The Functioning of Heerema Marine Contractors' Project Risk Management & the Usefulness of Quantitative Risk Analysis

Heerema Marine Contractors' (HMC) former Project Risk Management (PRM) method was until recently supported by a specialized risk team. The risk team facilitated the PRM activities, i.e. risk assessment workshops and review moments during the projects. The risk team also performed a quantitative risk analysis on all projects. Such an analysis...

Risk-based Project Management at Heerema Marine Contractors. "How to improve HMC project risk management to cope with risks and uncertainty in complex EPRD projects"

The thesis has developed an approach for better coping with risks and uncertainty associated with comples EPRD projects in the marine contracting industry. Two of the world's first EPRD project have been analyzed to generate specific knowledge on the effetiveness of current project risk management practice. An approach has been developed to...