Risk and Financial Management in Construction



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Brochure More information from http://www.researchandmarkets.com/reports/687060/ Risk and Financial Management in Construction Description: In today s climate the need for a closer understanding of the relationship between the two inter-related topics of risk management and finance on construction projects is becoming increasing crucial to achieving the objectives of the investor, the end-user and the constructor and its supply chain, especially as interest in PFI and PPP arrangements continues to grow around the world. Risk and Financial Management in Construction shows the relationship between the Construction Project Manager s task of balancing time, cost and quality and the need to satisfy the client s requirements efficiently, effectively and professionally whilst at the same time contributing to the contractor s future sustainability. The book covers Risk Management describing the tools and methods to reduce the occurrence and consequences of risk, and the financial management of construction projects from raising funding, to contract strategy and through to estimating, budgeting and cost control. It includes a chapter covering international project risk, bringing together the issues of risk management, prime contracting, and PFI funding for construction projects undertaken away from the contractors main home market. Risk and Financial Management in Construction is aimed at those practising in, or studying to enter, the project management profession in providing a strategic and operational knowledge of these subjects allowing the reader easy access to the key points through a wide selection of models, checklists and easy to find lists in all of the key areas. Contents: List of Figures ix Preface xiii Acknowledgements xv Introduction 1 Book Format 1 An Overview of the Construction Industry Setting the Scene... 1 Introducing Construction Risk Management 7 Introduction to Finance and Investment of Construction Projects 10 Book Overview: Part 1 11 Book Overview: Part 2 14 PART 1 Construction Risk Management Chapter 1 Risk Management in Construction Projects 21 Risk Management and the Role of the Project Manager 21 Overview of the Risk Management Process 24 Risk Management in the Project Lifecycle 25 Risk-Based Decision Making 28 Risk Management and Culture 32 Chapter 2 Risk Identification and Planning 37 Risk Classification 37 Risk Identification 38 Tools and Techniques for Risk Identification 42 Risk Planning 45 Appendix 1: Example Checklist for Risk Identification 56 Chapter 3 Qualitative Risk Analysis and Quantitative Risk Evaluation 59 Qualitative Risk Analysis 59 Quantitative Risk Evaluation 65

Chapter 4 Risk Response Planning, Monitoring and Control 73 Risk Response Planning 73 Risk Monitoring and Control during the Project 79 Risk Monitoring and Control at Project Closure 83 Chapter 5 Construction Prime Contracting and the Importance of Risk Management in International Projects 89 The Growth of Prime Contracting 89 Consideration and Identification of Risks on International Projects 94 PART 2 Financial Management Chapter 6 Financing of Construction Projects 103 Basic Economic and Financial Principles of Construction Project Investments 103 General Criteria in Making Investment Decisions 108 Management of Risk and Uncertainty of Project Investment 112 Methods of Raising Capital for Construction Projects 114 International Sources of Project Funding 117 Short- and Medium-Term Forms of Raising Capital through Debt 118 Long-Term Forms of Raising Capital 120 Chapter 7 Financial Assessment and Performance of Projects 123 Financial Assessment of Project Investment 123 Financial Performance of Projects 125 Value Management Analysis 128 Tools and Techniques used in Value Management 130 Chapter 8 Advances in Contract Strategy 137 Introduction to Contract Strategy 137 Contract Strategy in Practice 146 Chapter 9 Estimating, Budgeting and Cost Control 151 Estimating 151 Methods of Estimating 153 Budgeting and Cost Management 157 Cost Control 159 Tools and Techniques for Cost Control 161 References 165 Further Reading 166 Useful Websites 167 Glossary 169 Index 179 Ordering: Order Online - http://www.researchandmarkets.com/reports/687060/ Order by Fax - using the form below Order by Post - print the order form below and send to Research and Markets, Guinness Centre, Taylors Lane, Dublin 8,

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