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Amirtash, P, Majid Parchami, J and Jelodar, M B (2021) Integration of project management services for International Engineering, Procurement and Construction projects. Built Environment Project and Asset Management, 11(2), 330-49.

Bhagwat, K and Venkata Santosh Kumar, D (2022) A systematic review of construction safety research: quantitative and qualitative content analysis approach. Built Environment Project and Asset Management, 12(2), 243-61.

Bhattacharya, S, Momaya, K S and Iyer, K C (2021) Bridging the gaps for business growth among Indian construction companies. Built Environment Project and Asset Management, 11(2), 231-50.

Cevikcan, E and Kose, Y (2021) Optimization of profitability and liquidity for residential projects under debt and equity financing. Built Environment Project and Asset Management, 11(2), 369-91.

Chipozya Kosta, T, Muleya, F and Phiri, E (2022) Demystifying performance difference between local and foreign contractors through organisational culture. Built Environment Project and Asset Management, 12(2), 325-44.

Henry Duncan John, M, Amoah, C and Ayesu-Koranteng, E (2022) Causes of road projects' delays: a case of Blantyre, Malawi. Built Environment Project and Asset Management, 12(2), 293-308.

Heravi, G, Taherkhani, A H, Sobhkhiz, S, Mashhadi, A H and Zahiri-Hashemi, R (2022) Integrating risk management's best practices to estimate deep excavation projects' time and cost. Built Environment Project and Asset Management, 12(2), 180-204.

  • Type: Journal Article
  • Keywords: deep excavation; risk management; fuzzy method; Bayesian belief networks; fault-tree analysis; root cause analysis; construction costs; risk analysis; Monte Carlo simulation; Bayesian analysis
  • ISBN/ISSN:
  • URL: http://dx.doi.org/10.1108/BEPAM-11-2020-0180
  • Abstract:
    This study provides an integrated risk-based cost and time estimation approach for deep excavation projects. The purpose is to identify the best practices in recent advances of excavation risk analysis (RA) and integrate them with traditional cost and time estimation methods. The implemented best practices in this research are as follows: (1) fault-tree analysis (FTA) for risk identification (RI); (2) Bayesian belief networks (BBNs), fuzzy comprehensive analysis and Monte Carlo simulation (MCS) for risk analysis; and (3) sensitivity analysis and root-cause analysis (RCA) for risk response planning (RRP). The proposed approach is applied in an actual deep excavation project in Tehran, Iran. The results show that the framework proposes a practical approach for integrating the risk management (RM) best practices in the domain of excavation projects with traditional cost and time estimation approaches. The proposed approach can consider the interrelationships between risk events and identify their root causes. Further, the approach engages different stakeholders in the process of RM, which is beneficial for determining risk owners and responsibilities. This research contributes to the project management body of knowledge by integrating recent RM best practices in deep excavation projects for probabilistic estimation of project time and cost.

Isuri Anuradha, A, Soorige, D and Geekiyanage, D (2021) Comparative study on life cycle assessment of buildings in developed countries and Sri Lanka. Built Environment Project and Asset Management, 11(2), 304-29.

Jayantha Wadu, M and Maqsood, T (2022) Transport infrastructure, accessibility and residential property values: evidence from Hong Kong. Built Environment Project and Asset Management, 12(2), 163-79.

Kaluarachchi, M, Waidyasekara, K and Rameezdeen, R (2022) Antecedents of noise pollution control behaviour of employees of construction companies. Built Environment Project and Asset Management, 12(2), 277-92.

Kamardeen, I (2022) Work stress related cardiovascular diseases among construction professionals. Built Environment Project and Asset Management, 12(2), 223-42.

Martek, I, Edwards, D J, Seaton, S and Jones, D (2022) An appraisal of Australia's approach to promoting urban sustainability. Built Environment Project and Asset Management, 12(2), 262-76.

Moyo, T, Crafford, G and Emuze, F (2021) People-centred management for improving construction workers' productivity in Zimbabwe. Built Environment Project and Asset Management, 11(2), 350-68.

Nguyen Van, D, Le Dinh, T and Tran, H-B (2022) Assessing stakeholder satisfaction in PPP transport projects in developing countries: evidence from Vietnam. Built Environment Project and Asset Management, 12(2), 309-24.

Nyamagere Gladys, S, Rwelamila, P D and Gimbi, J J (2022) A conceptual framework for managing post-disaster reconstruction projects in emerging economies: the case of Angola. Built Environment Project and Asset Management, 12(2), 205-22.

Ottou, J A, Baiden, B K, Nani, G and Martin Morgan, T (2021) Benefits of implementing Six Sigma in competitive tendering process. Built Environment Project and Asset Management, 11(2), 214-30.

Safapour, E, Kermanshachi, S and Kamalirad, S (2021) Analysis of effective project-based communication components within primary stakeholders in construction industry. Built Environment Project and Asset Management, 11(2), 157-73.

Sekar, G, Sambasivan, M and Viswanathan, K (2021) Does size of construction firms matter? Impact of project-factors and organization-factors on project performance. Built Environment Project and Asset Management, 11(2), 174-94.

Stanitsas, M and Kirytopoulos, K (2022) Underlying factors for successful project management to construct sustainable built assets. Built Environment Project and Asset Management, 12(2), 129-46.

Sun, J, Balakrishnan, S and Zhang, Z (2021) A resource allocation framework for predisaster resilience management of interdependent infrastructure networks. Built Environment Project and Asset Management, 11(2), 284-303.

Tuffaha, F M, Assaf, S, Yasar Zakaria, Z and Hadidi, L A (2021) A framework for the performance assessment of construction contractors in Saudi Arabia. Built Environment Project and Asset Management, 11(2), 195-213.

Verma, S, Mandal, S N, Robinson, S, Bajaj, D and Saxena, A (2021) Investment appraisal and financial benefits of corporate green buildings: a developing economy case study. Built Environment Project and Asset Management, 11(2), 392-408.

Zarghami, S A and Gunawan, I (2021) The emergence and evolution of reliability theory for water distribution networks. Built Environment Project and Asset Management, 11(2), 251-65.

Zeb, J (2022) A level of service framework for service-centric asset management planning. Built Environment Project and Asset Management, 12(2), 147-62.