Risk treatment templates for configurable reference modeling in the construction industry

Abstract

Numerous risks impact construction projects and cause changes in their management plans. Unfortunately, not all of them can be identified in advance. Hence, risk management in construction requires proactive as well as reactive treatment. Among the other risk management tasks, risk treatment requires a sound methodology to rapidly develop concrete change actions and alter the corresponding project management plans. In this paper, process modeling techniques are used to develop configurable treatment templates, which describe how treatment can change the schedule plan. Such templates can contribute in structuring configurable reference models which in turn can be tailored and assembled to form up-to-date project schedules. Risk data as a part of reference repository may serve as means of knowledge management by providing all available risk-related information as response to critical events. © 2008 International Federation for Information Processing.