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Using a Knowledge-Based Approach to Foster the Use of Risk Management in Construction
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Author(s): Alfredo Federico Serpell (Pontificia Universidad Católica de Chile, Chile), Ximena Ferrada (Pontificia Universidad Católica de Chile, Chile)and Larissa Rubio (Pontificia Universidad Católica de Chile, Chile)
Copyright: 2016
Pages: 21
Source title:
Managing Project Risks for Competitive Advantage in Changing Business Environments
Source Author(s)/Editor(s): Constanta-Nicoleta Bodea (Bucharest University of Economic Studies, Centre for Industrial and Services Economics, Romania), Augustin Purnus (Technical University of Civil Engineering Bucharest, Romania), Martina Huemann (WU-Vienna University of Economics & Business, Austria)and Miklós Hajdu (Budapest University of Technology and Economics, Hungary)
DOI: 10.4018/978-1-5225-0335-4.ch013
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Abstract
Knowledge is a key factor in carrying out and improving risk management in construction projects. Even so, it has been found that this management is done inadequately often mainly due to the lack of knowledge available for its execution. Thus, a knowledge-based system for addressing the problems of risk management in construction projects is proposed and described in this chapter. This is a web-based system that aims to supporting risk management for construction projects in an industry environment where risk management is not well valued yet. The system includes a tool that uses a maturity model for the assessment of risk management capabilities of contractors and owners, a module to propose improvements according to the existing gaps reported by the maturity evaluation module, and a knowledge base that supports a project's risk management and has the ability to acquire knowledge from experiences obtained during the implementation of different construction projects.
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