Controlling constructions risks in energy projects
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Date
2017-09
Authors
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Volume Title
Publisher
The British University in Dubai (BUiD)
Abstract
A risk is a natural phenomenon present in all construction projects. The challenge lies
in dealing with such risks. Construction in energy projects is more challenging and
demanding, risks present are not only more severe in terms of consequences, but they
require tremendous amount of effort and analysis to deal with. The paper provides
insight to the energy construction industry, the risks that are associated with it, and
how such risks are being identified, classified, mitigated and sometimes avoided.
Energy projects can be found in oil and gas, renewable and nuclear energy projects.
Examples from the UAE, Europe and China were taken into the study and further
emphasis on the risk aspects and nature have been identified and explained. The
paper offers a variety of risks associated with the energy industry with a special
emphasis on the construction phase. The course of paper involves the identification,
management, control and mitigations of risks. Methods used and applied on the
management of risks are also discussed, which offers a transient interchange and
exchange of experiences between the different sub sectors of the energy construction
industry.
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Description
Keywords
energy projects, construction projects, United Arab Emirates (UAE), construction industry, law