Accounting “Pure” Risks in Early Stage of Investment in Construction Projects with Energy Efficient Technologies in Use

Abstract

Construction projects with energy-efficient technologies in use are systems that require more detailed analysis of potential risks than it could be in the evaluation of other construction projects. For that matter it is necessary to take into account non-economic "pure" project risks that are possible in the spheres, which traditional risk management does not consider in-depth. The traditional management of such "pure" risks comes down to estimating the extent of insurance coverage and redundancy in their implementation. Creation of user-friendly program could help investors to assess pure risks quickly and qualitatively and significantly reduce their time and cost spends.

Assessment of Construction Project «Pure» Risks

“…The pre-investment analysis of «pure» construction projects risks can be carried out with the help of the information analysis system, which, according to the input data describing the project, can identify potential risk events and propose methods for managing the identified risks [1]. The algorithm of how it works is described in Fig.…”

“…At this stage, the increasing or decreasing probability coefficients are assigned to the risks, which are characterised by extremely high or low values of the corresponding parameters when entering the input data; the risks not inherent in the object are excluded. The authors have already viewed in detail this process in their works [1,10].…”

“…The traditional classification of risks includes both business risk analysis and management which is engaged in economic theory (risk management) and pure risks that are not associated directly with the economic activity of the enterprise. All factors are the key ones in deep analysis of potential risks and opportunity management that are an integral part of successful investment in the construction production [1,2,5].…”

Methodological Aspects of Economic Events Cyclicity Method Consideration

“…любая трансформация или разворот тренда развития в современных условиях невозможны без инвестиционного обеспечения, эффективной кредитно-денежной, таможенной политики, ориентированной на экономический рост [22]. При этом независимо от масштаба, региональной, отраслевой, видовой принадлежности и иных характеристик инвестиционного проекта каждый проект должен вносить вклад и быть направлен на общую глобальную цель [23].…”

Automated identification of construction works and structural elements at an early stage of investment and construction projects’ implementation

“…Designers have and will continue to have new tools for automation of their activities [6], designing a single facility, now the best engineers distributed throughout the country can deal with it, and also, more and more often, it is practiced to attract foreign specialists. BIM technology is not limited to solving problems related to design, but also allows management of construction deals with the issues of time organization of the construction process including logistical support, well-timed delivery of construction material, carcasses and goods to warehouses and construction sites [7,8] and at the operational stage too [9]. Despite these colossal innovations, the conservatism of designers, because of the high standardization of their activities, does not allow the design system to develop in full [10].…”