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Comparison of Risk Assessments for Underground Construction Projects – A Study About Distinctions and Common Features and Suggestions for Improvements

This master thesis is a study of risk assessment tools and other risk management documentation created by consultants and contractors in the US and Sweden for underground construction projects.

Risk management as part of managing underground projects is common practice in both countries for underground construction projects. Depending on location and other parameters other types of risks than the geological ones need to be considered, for example of the settings of the project is an urban environment or if it is situated in a less densely populated area. Normally underground project also involves large investments and therefore managing cost is important. Risk management is a way of managing cost and other areas that may be of concern.

The main goals of this thesis are to:
1. Identify a theoretical general approach to risk management and specifically risk.
2. Assessments based on a literature study.
3. Identify similarities between risk management practices in the two countries.
4. Identify differences between risk management practices in the two countries.
5. Identify how risk management practices differ in the two countries from the theoretical approach established from the literature study.

Apart from the study of theoretical literature 12 projects in total were studied; 5 Swedish projects and 7 projects from the USA. The conclusions of this thesis are generally not statistically significant nor do they indicate trends; they are purely observation on the specific documentation studied.
Source: KTH
Author: Avestedt, Lisa

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