Version 1
: Received: 12 October 2018 / Approved: 15 October 2018 / Online: 15 October 2018 (06:32:30 CEST)
How to cite:
Yoon, H.; Lee, C. A Study on the Risk Management Strategy for Military Installations Project of Yongsan Relocation Plan Using Structural Equation Model. Preprints2018, 2018100286. https://doi.org/10.20944/preprints201810.0286.v1
Yoon, H.; Lee, C. A Study on the Risk Management Strategy for Military Installations Project of Yongsan Relocation Plan Using Structural Equation Model. Preprints 2018, 2018100286. https://doi.org/10.20944/preprints201810.0286.v1
Yoon, H.; Lee, C. A Study on the Risk Management Strategy for Military Installations Project of Yongsan Relocation Plan Using Structural Equation Model. Preprints2018, 2018100286. https://doi.org/10.20944/preprints201810.0286.v1
APA Style
Yoon, H., & Lee, C. (2018). A Study on the Risk Management Strategy for Military Installations Project of Yongsan Relocation Plan Using Structural Equation Model. Preprints. https://doi.org/10.20944/preprints201810.0286.v1
Chicago/Turabian Style
Yoon, H. and Chansik Lee. 2018 "A Study on the Risk Management Strategy for Military Installations Project of Yongsan Relocation Plan Using Structural Equation Model" Preprints. https://doi.org/10.20944/preprints201810.0286.v1
Abstract
Some of the recent large-scale national projects in South Korea are delayed or suspended due to belated responses to risk occurring on site. Currently, the Far East District (FED) project is being implemented to relocate the US Army bases from Yongsan to Pyeongtaek. Because of lack of experience and understanding about the characteristics of such a project, the deadline of taking over to the US Army Korea has been missed. This study identifies problems of each participant in the Yongsan Relocation Plan (YRP) of the US Army Korea with respect to construction project management and establishes a risk management strategy reflecting characteristics of FED project. To derive significant risk factors influencing YRP, various field data like weekly and monthly reports and other reports on construction condition are analyzed, and experts’ advices are collected and a survey is conducted. Mediators and latent variables are ultimately obtained. Furthermore, a structural equation model is used to both analyze and evaluate complex causal relations among many variables of YRP. The impact of risk factors on the schedule, quality and cost of the project is analyzed. In particular, the case of Site A is examined to see how the project is affected by those risk factors.
Keywords
military installations project; risk factor; structural equation model
Subject
Engineering, Architecture, Building and Construction
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.