THE RELATION BETWEEN PROJECT RISKS AND ROBUSTNESS OF DESIGN – A CRUCIAL FACTOR OF SUCCESS IN PLANT ENGINEERING
Editor: Marjanovic D., Storga M., Pavkovic N., Bojcetic N.
Author: Moehringer S.,
Section: Evaluation and decision
Page(s): 457 - 464
In competitive markets with global sourcing the acquisition phase in plant engineering is essential. It is the aim of the contractor to quote a project with the best price possible in order to compete but a considerable risk is involved. A new approach is presented using the experience of error situations to valuate the risk in the acquisition phase. The risk areas and the risk specification of a potential project are identified and individually valuated. In addition to this the design robustness of the project is configured. In order to achieve a configuration as accurate as possible a matrix correlating the project risk and the project design is established. The matrix helps to identify the critical design areas and their specifications.