Abstract

The present study is a kind of practical, analytical and descriptive in nature. Being analytical is due to collection of information by sampling and descriptive because the variables are measured as they are in real life. In this study by gathering evidences on existing effective risks in oil industry we aim to identify risk limits and present a more precise definition of risks of low, medium and high risks borders. Because of centralization of construction projects of petroleum industry in special economic zone of South Pars, planning, implementation and completion phases based on phases broadness regarding number and size of activities and separate strategic characteristics, 3 out of 28 phases were undertaken sample case study. It is concluded in general that using quantitative and numerical methods in determination of high and low risks approve more precise results. Additionally, carrying numerical tests out requires documentation within study based on identification of potential risks, risk record (earlier and similar) as well as estimation of incidence of risk probability. Though frequency of risk may be less damaging, as reproducibility rule suggests it can be highly risky.

Keywords:

Determination of risk limit, normal curve, risk evaluation, risk management,

References

Competing interests

The authors have no competing interests.

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Copyright

The authors have no competing interests.