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Proceedings ArticleDOI

Risk evaluation of EPC project based on ANP fuzzy comprehensive evaluation

29 Nov 2010-pp 1091-1096
TL;DR: In this paper, an EPC project risk evaluation model is constructed based on ANP (Analytic Network Process) -Fuzzy Comprehensive Evaluation to evaluate the integrated risk level and hypermatrix is utilized to compute and determine the weight of all the indexes.
Abstract: In order to assess and analyze the importance of the elements which have a significant impact on the risk, analytic network process is applied to establish the network structure model of risk evaluation index system for EPC project. And hypermatrix is utilized to compute and determine the weight of all the indexes. An EPC project risk evaluation model is constructed based on ANP (Analytic Network Process) -Fuzzy Comprehensive Evaluation to evaluate the integrated risk level. Validity of such EPC project risk evaluation model would be proved by a demonstration case analysis with help of Super Decision software. Results are shown at the last part of this paper.
References
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Journal Article
TL;DR: In this paper, the authors introduced and discussed the model and theory of the analytic network process (ANP), extending AHP to problems with dependence and feedback, and proposed a simple and feasible algorithm for limiting relative priorities of cycling system.

43 citations

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TL;DR: The paper introduces the ANP super decision software and uses the software to evaluate the construction plan in hydroelectric power project and proves the priority of the plan has the directly connection with the model whether considering dependence and feedback of elements or not.

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TL;DR: In this article, the Delphi method, workflow method and initial risk list method are used to recognize risk and suggest to classify the risks to schedule, quality, economy and safety.
Abstract: Risk management should applied in construction project, which is regulated in the specification of GB/T50236-2006. The first step of risk management is risk recognization. This paper studies the steps and methods for recognizing risk and suggests to classify the risks to schedule, quality, economy and safety. The Delphi method, workflow method and initial risk list method are used to recognize risk. The project of Harbin Mopanshan Reservoir Water Supply (2nd term) is taken as an example to analyze the risk recognization and risk report.

4 citations

Journal Article
TL;DR: The risk management is one of project management important contents, also is the project success or failure key aspect, the authors unifies the characteristic of EPC primary contractor project, takes the system theory and the comprehensive risk management theory as the foundation, analyzes the risk generating process and the characteristic, applies analytic hierarchy process to carry on the recognition and the appraisal of the project risk.
Abstract: The risk management is one of project management important contents, also is the project success or failure key aspect. This article unifies the characteristic of EPC primary contractor project, takes the system theory and the comprehensive risk management theory as the foundation, analyzes the risk generating process and the characteristic, applies analytic hierarchy process to carry on the recognition and the appraisal of the EPC primary contractor project risk, and then proposes risk management countermeasures of the EPC primary contractor project in the different implementation stages.

1 citations