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.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: Research Journal of Applied Sciences, Engineering and Technology
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
