Islam, Muhammad Saiful (2019) Modelling cost overrun risks in power plant projects. PhD thesis, Queensland University of Technology, Australia.
Abstract
Cost overruns in power plant projects frequently occur, and this very alarming phenomenon requires proper risk assessment and management in the early phase of power plant project development. A modified fuzzy group decision-making approach (FGDMA) was developed and the critical risks in different phases of thermal power plant project were identified. Further, a novel fuzzy canonical model (FCM) was developed and the complex causal risk-networks were modelled to understand the root causes of cost overruns. The benefits of this research to practitioners are such that it provides greater understanding of the risks involved in power plant projects and sound analytical methods to asses the risks.
| Item Type: | Thesis (Doctoral) |
|---|---|
| Thesis advisor: | Nepal, Madhav and Skitmore, Martin |
| Uncontrolled Keywords: | Bayesian belief network; canonical model; causal relationship; construction projects; cost overrun risks; credal network; fuzzy logic; fuzzy set theory; risk assessment; power plant projects |
| Index terms: | bayesian belief network, thermal power plant, practitioner, construction project, decision-making, fuzzy set theory, cost overrun, power plant, fuzzy logic, project development, modelling, risk assessment |
| Subjects: | financial risk, production management, decision-making and optimization, practitioner, analytical methods, infrastructure and transport systems, decision analysis, probabilistic model, financial and cost management, project delivery, energy systems, data science |
| Topics: | Project Management, Engineering Principles, Sustainability, Risk Management, Digital Applications, Research Practice, Cost Management, Roles and Professions |
| Descriptive scope: | 4 PCTA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here