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USING THE RISKYPROJECT SOFTWARE WHEN CALCULATING THE RISK APPROACH BASED COST EFFECTIVENESS OF ENGINEERING-GEOPHYSICAL WORKS
Journal: Theoretical & Applied Science (Vol.19, No. 11)Publication Date: 2014-11-30
Authors : Dmitry Aleksandrovich Lalomov; Gennady Vasilyevich Kovalenko;
Page : 16-19
Keywords : Engineering geophysics; cost effectiveness; quantitative risk analysis; risk management; engineering survey; design; construction; risk-based approach;
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Abstract
Engineering geophysics is a science focused on studying geological environment surrounding engineering constructions. In some cases, results of engineering surveys are of a probabilistic nature and can hardly be economically evaluated using standard procedures. Intaver Institute has created an algorithm of evaluating project risks' impact in their RiskyProject software. This algorithm enables us to evaluate cost effectiveness of engineering surveys using the risk approach.
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Last modified: 2014-12-26 10:21:26