Feasibility Study of Construction Project in Compliance with Bank Investment Supervision Requirements

Abstract

On the basis of the 12-year author's practice of bank investment supervision developed methodology significant construction projects risks have been identified and measured: risks of the highest impact values and risks of the biggest likelihood appearance. The research has been recorded in 400-450 reports of 42 investment projects in advanced manufacturing, commercial, residential, hotels and apartment housing sectors. At least one risk of the highest measured level of significance has been highlighted at each phase of investment process: design, construction and maintenance. A reasonable level of risks significance has been determined which stands for not more than 1/3 of possible significance in "risks monitoring" strategy. EPCM (engineering, project and construction management) approach to investment process and solid, consequent, regular construction projects monitoring executed by professional BSI (banking supervision inspector) makes possible to minimise any faults of inappropriate financing of construction projects.

Forecasting the course of construction project management in conditions of uncertainty

“…The author's published papers on construction process engineering shows that applied techniques have been used to generate cash flows in construction projects [1][2][3][4][5], including the logic of fuzzy sets and artificial neural networks [6,7], decision models, deterministic and stochastic models, models requiring simulation, and models that take into account uncertainty on different levels of possible risk [8][9][10].…”