One of the risks distinguishes urban projects from other projects is to purchase of property obstacles. The matter is of more significance in large projects. Issues with regard to possessing property obstacles, lack of accurate layout drawings for underground facilities and following probable changes in designs make it vital to have specific studies on risk management of such projects. So thi...

Two new types of hierarchy probability cost analysis (HPCA) model incorporating money allocated is money spent (MAIMS) principle based on definite work breakdown structure (WBS) level for EPC (engineering, procurement and construction) projects are presented. The proposed models have skillfully solved dilemma to appropriate cost elements and maximize the efficiency of information for cost risk ...

engineering – procurement and construction (epc) contract is one of the current contracts in the today world. when governmental sector trends to use the expertise of domestic or foreign private in engineering and construction of infrastructural projects, finds epc contract as a suitable legal frame. in this article, we have tried to discuss about the most important legal aspects of this kind of...

Engineering, Procurement and Construction (EPC) is an advanced contracting method in which a single party is responsible to complete all the components of the project and further commission it and handover to the client within a predefined cost and agreed timeline. Failure to which, EPC contractor has to pay heavy penalties. There are many risks for both the parties in this arrangement. Proper ...

uncertainties in industrial environments can cause considerable complexities, during the implementation and management of projects. so, performing a risk management model in such environments has become inevitable. in such circumstances, many risk management models have been introduced in literature, which majorities of them are general, while some of them are developed to be applied to specifi...

In the context of the scope, time, cost, and quality constraints, failure is not uncommon in project management. While small projects have 70% chances of success, large projects virtually have no chance of meeting the quadruple constraints. While there is no dearth of research on project risk management, the manifestation of barriers to project risk management is a less dwelt topic. The success...