Papers by Keyword: EPC Project

Abstract: Risk allocation is the most significant factor in risk management. Earlier research has shown that risk allocation is essential to achieve success in construction projects. Risk allocation may fail to be achieved due to lack of a mechanism for joint risk management. Successful optimal risk allocation requires one to identify and evaluate the risk allocation criteria, which interact and overlap with each other and can lead to significant variation in the decision outcome in risk allocation. This study aims to allocate the risks in EPC projects using the analytic network process (ANP) method. The ANP approach is preferable in identifying the problems of interdependence and feedback among various criteria factors. The method utilizes data that are collected through a literature review, interviews, and a questionnaire distributed to EPC project experts. The results have shown that 12 risks are allocated to the developer, 9 risks are shared between developer and contractor, and 12 risks are allocated to the contractor. In conclusion, ANP is found to be suitable in analyzing the feedback and interdependencies among risk allocation criteria.

Abstract: Schedule reliability is essential to successfully achieve EPC (engineering, procurement and constriction) project objectives. Several studies in the past were based on traditional risk management technique which has its own limitations that lack one to obtain a reliable project schedule. To overcome these limitations a comprehensive framework is developed based on the integration of risk management and Critical Chain Project Management (CCPM) that can give a much reliable project scheduling. In the proposed framework, risk analysis is first determined through fuzzy FMEA technique to provide identification of critical risk events (CRE). The effect of CRE on project schedule is then defined and total project time which considers risk factors is calculated. To support risk mitigation, fault tree and event tree analysis are combined which allows the root causes of the risk event be defined and also mitigation strategies determined to control each identified CRE. Eventually, CCPM is distributed which enable implementation of the project based on initial plan and to obtain reasonable Feeding Buffer time on risky tasks. This paper presents the proposed framework using a real case study on construction phases of EPC projects in an electrical power industry.

Abstract: Procurement decides the quality of materials supply in the process of engineering development and it is the important link in EPC project. This paper shows the advantages of supply chain procurement through comparing and revealing the connotation and characteristics of supply chain procurement in EPC project. Moreover, making an integration and reconstruction of every part of EPC project procurement through adding supply management mode and building supply chain procurement management mode of EPC project which is proper for now and future development, there will be the significance for the practice of EPC project procurement management. Keywords: EPC Project; Comparative Analysis; Supply Chain Management; Integration and Reconstruction; Supply Chain Procurement Management Mode

Abstract: Design & Build contract is the main contracting model in the international construction market which has a high standard requirement for the main contractor which encompasses analysis of the project and cost control, critical Value Engineering in Design review stage are necessary part for the whole project. This article elaborates how to do the VE during the design stage and the practice of approval process of VE is a very effective method to create benefits for the whole project.

Abstract: Because of its own characteristics and advantages, increasingly, EPC construction mode has been more and more applied in international projects. In this paper, firstly, the author points out the issues of performance management based on EPC Construction Mode and builds the system project performance management, then, the author stresses the mutual collaboration of EPC performance management, which must be emphasized, and improve the performance of EPC construction mode through the management of performance.

Abstract: The aim of this research is to investigate the risks in public relationships with different stakeholders in an EPC project overseas from the aspect of contractors. All types of relationships and the relationship risks lying in them are listed, risk responses are recommended correspondingly by putting forwards several major methods. Specifically, risks in contractors and owners are analyzed in this paper. The data collection instrument was an item sequence scored by 11 professors in Tianjin University who had comprehensive understandings about the stakeholders’ relationships in an EPC project abroad. Ways to response to these risks are also recommended by these professors. Chinese corporations undertaking the EPC projects overseas may utilize these findings to identify the risks in public relationships and adopt proper measures to avoid these risks to ensure a successful EPC project overseas.