Comparing Prescriptive Risk Management Processes against Practice, A case study of Veidekke’s risk management system and procedures

Examensarbete för masterexamen

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Type: Examensarbete för masterexamen
Master Thesis
Title: Comparing Prescriptive Risk Management Processes against Practice, A case study of Veidekke’s risk management system and procedures
Liljenhed, Alexander
Abstract: Risk and risk management is part of most industries and companies. Within the construction sector, many projects are unique which makes them complex and influences the time and cost one need to put on risk management. However, risk management within many companies are limited and companies do not always put enough effort on risk management. In collaboration with Veidekke Entreprenad AB, an investigation and benchmark of their current risk management process and the work that their employees carry out will be analysed against prescriptive risk management processes (RMPs). Most definitions of risk management include the aspects of a systematic process. However, this study has shown that the different prescriptive RMPs which has been studied is essentially a refined structure of common sense. Moreover, even if different layouts and names are used, prescriptive RMPs usually include the different phases of planning the RMP, risk identification, risk analysis, plan of risk response, and finally monitor and control of risks. Veidekke’s risk management has a similar setup as the prescriptive RMPs, but it is simpler and the transition between the phases are not as well-defined. During the interviews it was revealed that the interviewees work with risks and risk management, but not fully according to Veidekke´s RMP. Some tools from the RMP are used, but most of the interviewees had their own way of performing the risk management. The work gets done, but maybe not in Veidekke´s intended way. The thesis has also studied the human aspect in the RMP: It can be established that an organization will be depended on the individuals performing the work. Different persons and different groups behave differently, approaches risks differently, and take decisions in different ways. This study has shown that the interviewees vaguely implement Veidekke’s intended RMP. In order to improve Veidekke’s RMP and to make sure the employees can use it, this study has shown that the RMP need to be reformed with a clearer structure, and simplifying the documents which are to be used in the process.
Keywords: Samhällsbyggnadsteknik;Civil Engineering
Issue Date: 2016
Publisher: Chalmers tekniska högskola / Institutionen för bygg- och miljöteknik
Chalmers University of Technology / Department of Civil and Environmental Engineering
Series/Report no.: Examensarbete - Institutionen för bygg- och miljöteknik, Chalmers tekniska högskola : BOMX02-16-80
Collection:Examensarbeten för masterexamen // Master Theses

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