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VÍTKOVÁ, E. HROMÁDKA, V. ZÁHORSKÁ, H. BARTOŠ, M.
Original Title
ALGORITHM FOR THE RISK MANAGEMENT IN THE CONSTRUCTION COMPANY USING MODERN METHODS
Type
conference paper
Language
English
Original Abstract
The goal of any business is to create added value while minimizing inputs. Result of the business depends on a large number of internal and external factors that are associated with not only the company itself but also its surroundings and the entire business environment. These external and internal factors pose risks that should be subjects to the management of each business entity. The paper is focused on a detailed analysis of the issue of risk management in the construction companies using different approaches. These approaches are based on traditional methods of qualitative risk analysis and methods of quantitative analysis, it concerns mainly about the sensitivity analysis, methods of scenario analysis and mathematical simulation approach. The outcome of the paper will be summary of approaches, which it is possible to use for the draft of the algorithm for the risk management with the use of selected methods of risk analysis intended especially for the construction company preparation.
Keywords
construction company, risk management, sensitivity analysis, simulation
Authors
VÍTKOVÁ, E.; HROMÁDKA, V.; ZÁHORSKÁ, H.; BARTOŠ, M.
Released
29. 9. 2016
Publisher
VUT v Brně, FAST
Location
Brno
ISBN
1805-6784
Periodical
PEOPLE, BUILDINGS AND ENVIRONMENT
Year of study
1
Number
State
Czech Republic
Pages from
262
Pages to
270
Pages count
9
BibTex
@inproceedings{BUT131248, author="Eva {Vítková} and Vít {Hromádka} and Hana {Bartošová} and Miroslav {Bartoš}", title="ALGORITHM FOR THE RISK MANAGEMENT IN THE CONSTRUCTION COMPANY USING MODERN METHODS ", booktitle="People, Buildings and Environment 2016 (PBE2016)", year="2016", journal="PEOPLE, BUILDINGS AND ENVIRONMENT", volume="1", number="1", pages="262--270", publisher="VUT v Brně, FAST", address="Brno", issn="1805-6784" }