Research Article | OPEN ACCESS
Risk Early Warning Model of Grid Engineering Project Based on System Dynamics
Cunbin Li, Chengsong Zhang, Gongshu Lu and Si Wu
School of Economics and Management, North China Electric Power University, Beijing, China
Research Journal of Applied Sciences, Engineering and Technology 2013 6:1111-1115
Received: November 08, 2012 | Accepted: January 01, 2013 | Published: June 30, 2013
Abstract
Timely and effective risk early warning helps managers to take relative measures in time, therefore to control risk factors as well as reduce risk occurrence probability or loss. As for the risk management of grid engineering projects in China, system dynamics method was used to establish the cost and schedule risk early warning model at first and then the construction process of one transmission line project in western China was simulated. The results indicated that the risk occurrence was effectively prevented due to the timely adjustment of construction progress after risk warning signals being sent out. Furthermore, corresponding analogue-control and result-display interface to the established model was set up, which can simulate the risk early warning values of grid engineering projects under different circumstances.
Keywords:
Cost, duration, grid engineering project, risk early warning, system dynamics,
Competing interests
The authors have no competing interests.
Open Access Policy
This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.
Copyright
The authors have no competing interests.
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ISSN (Online): 2040-7467
ISSN (Print): 2040-7459 |
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