Consideration of Uncertainties and Risks in the Building Process of Multifunctional Harbor Transshipment Complex

Abstract

The present paper discusses types of management uncertainty exemplified by the case study of a project of building a multifunctional harbor transshipping center. The analysis is based on the ideas and works of I. Fischer. The paper shows that the role of project management actors substantially influences risks and that change of the actor’s role leads to minimization of risks and elimination of uncertainty about project realization time. To analyze project risks the authors develop a complex model of risk assessment based on analysis of probability and impact level of undesired events. Probability of undesired events is presented as a matrix of risk ranks and a tool for analyzing project risks based on the matrix of risk ranks and FMEA analysis is developed.

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