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In addition to the tools and techniques available, project risk management also depends on the attitudes of people in an organisation, how the available tools are used, and how the procedures are followed. Therefore, efforts to improve the project risk management capacity of orga
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Incorporating Project Complexities in Risk Assessment
Case of an Airport Expansion Construction Project
In today’s construction projects, which are getting more complex as a consequence of especially technical, organizational, and external aspects, complexities are considered a major source of risks. Moreover, risks may turn to complexity-creating elements and propagate additional
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Scheduling of a construction project using an activity network can be done using the Critical Path Method (CPM). CPM scheduling, since it was first developed in the USA in 1950’s, has been widely applied in various sectors including the construction sector. CPM, however, is incap
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The main objective in construction projects is to meet the expectations regarding the quality and safety, to ensure stakeholder satisfaction, and to complete the projects at the scheduled time, in the prescribed budget and within the pre-determined scope. This objective can only
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Scheduling of a construction project can be done by using the Critical Path Method (CPM) in case the project is composed of interrelated activities that can be combined through a network. Given uncertainties nowadays and the related need for project schedule adaptations, the ques
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Completion of public-owned construction projects successfully is quite important for Turkeyas a rapidly developing country. However, schedule delays and budget overruns arefrequently encountered in such projects. One of the major reasons of this situation is thenonexistence of le
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