Abstract
A qualitative risk management tool, developed in the R&D project “BegrensSkade” [1], was recently updated in the R&D “REMEDY”-project [2] to include quantitative risk analysis. The tool contributes to the main objective of REMEDY to reduce the risk of damage to neighbouring structures caused by groundwork, as well as developing practical tools for risk assessment and management for the industry, to aid decision making. The tool is programmed in Visual Basic for Applications (VBA) and implemented in Excel spreadsheet software to emphasize usability among non-experts. The risk methodology implemented in the tool is based on the risk management framework described in the ISO 31000 guidelines [1]. This paper provides a tool overview describing the qualitative and quantitative procedures. The tool has been employed in several projects. The recent upgrades further simplify and improve its use, hopefully also expanding the use amongst project stakeholders. The tool can be downloaded from the project web page: https://www.ngi.no/eng/ProiectsBegrensSkade-II-REMEDY-Risk-Reduction-of-Groundwork-Damage/Risk-management-tools. Currently, only the qualitative procedure has been validated and is available for downloading. The quantitative procedure, after a test period, will be formally released and integrated into the tool.
Highlights
Society increasingly requires the engineer to quantify and manage the risk which people, property and the environment are exposed to [4]
The tool contributes to the main objective of REMEDY to reduce the risk of damage to neighbouring structures caused by groundwork, as well as developing practical tools for risk assessment and management for the industry, to aid decision making
This paper describes the current version of the Excel Visual Basic for Applications (VBA) risk management tool
Summary
Society increasingly requires the engineer to quantify and manage the risk which people, property and the environment are exposed to [4]. The core of the risk management framework proposed by the ISO 31000:2018 is composed by three main phases: context definition, risk assessment and risk treatment. The scope and understanding of context/environment are defined, with the purpose of customizing the procedure, enabling effective risk assessment and appropriate risk treatment measures. The aim of the risk identification is to define all possible sources of risk and their consequences on different sectors (e.g., environment, life and health, economy, etc..). In the risk analysis step, the probabilities and the potential consequences of the risk sources are quantified. The R&D project "REMEDY", financed by the Research Council of Norway and 18 partners from the private and public sectors, aims to include risk management procedures into decision-making.
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