Publication result detail

ALGORITHM FOR THE RISK MANAGEMENT IN THE CONSTRUCTION COMPANY USING MODERN METHODS

VÍTKOVÁ, E.; HROMÁDKA, V.; ZÁHORSKÁ, H.; BARTOŠ, M.

Original Title

ALGORITHM FOR THE RISK MANAGEMENT IN THE CONSTRUCTION COMPANY USING MODERN METHODS

English Title

ALGORITHM FOR THE RISK MANAGEMENT IN THE CONSTRUCTION COMPANY USING MODERN METHODS

Type

Paper in proceedings (conference paper)

Original Abstract

The goal of any business is to create added value while minimizing inputs. Result of the business depends on a large number of internal and external factors that are associated with not only the company itself but also its surroundings and the entire business environment. These external and internal factors pose risks that should be subjects to the management of each business entity. The paper is focused on a detailed analysis of the issue of risk management in the construction companies using different approaches. These approaches are based on traditional methods of qualitative risk analysis and methods of quantitative analysis, it concerns mainly about the sensitivity analysis, methods of scenario analysis and mathematical simulation approach. The outcome of the paper will be summary of approaches, which it is possible to use for the draft of the algorithm for the risk management with the use of selected methods of risk analysis intended especially for the construction company preparation.

English abstract

The goal of any business is to create added value while minimizing inputs. Result of the business depends on a large number of internal and external factors that are associated with not only the company itself but also its surroundings and the entire business environment. These external and internal factors pose risks that should be subjects to the management of each business entity. The paper is focused on a detailed analysis of the issue of risk management in the construction companies using different approaches. These approaches are based on traditional methods of qualitative risk analysis and methods of quantitative analysis, it concerns mainly about the sensitivity analysis, methods of scenario analysis and mathematical simulation approach. The outcome of the paper will be summary of approaches, which it is possible to use for the draft of the algorithm for the risk management with the use of selected methods of risk analysis intended especially for the construction company preparation.

Keywords

construction company, risk management, sensitivity analysis, simulation

Key words in English

construction company, risk management, sensitivity analysis, simulation

Authors

VÍTKOVÁ, E.; HROMÁDKA, V.; ZÁHORSKÁ, H.; BARTOŠ, M.

RIV year

2017

Released

29.09.2016

Publisher

VUT v Brně, FAST

Location

Brno

Book

People, Buildings and Environment 2016 (PBE2016)

ISBN

1805-6784

Periodical

PEOPLE, BUILDINGS AND ENVIRONMENT

Volume

1

Number

1

State

Czech Republic

Pages from

262

Pages to

270

Pages count

9

BibTex

@inproceedings{BUT131248,
  author="Eva {Vítková} and Vít {Hromádka} and Hana {Bartošová} and Miroslav {Bartoš}",
  title="ALGORITHM FOR THE RISK MANAGEMENT IN THE CONSTRUCTION COMPANY USING MODERN METHODS
",
  booktitle="People, Buildings and Environment 2016 (PBE2016)",
  year="2016",
  journal="PEOPLE, BUILDINGS AND ENVIRONMENT",
  volume="1",
  number="1",
  pages="262--270",
  publisher="VUT v Brně, FAST",
  address="Brno",
  issn="1805-6784"
}