Quantitative risk management aids refinery construction

Research output: Contribution to specialist publication or newspaperArticle


Conventional project management techniques are not always sufficient to ensure that schedule, cost and quality goals are met on large-scale construction projects. These jobs require complex planning, designing and implementation processes. The main reasons for a project's nonachievement in India's hydrocarbon processing industry are changes in scope and design, altered government policies and regulations, unforeseen inflation, under and/or improper estimation. Projects that are exposed to such an uncertain environment can be effectively managed by applying risk management throughout the project life cycle.
Original languageEnglish
Number of pages11
Specialist publicationHydrocarbon Processing
Publication statusPublished - 1 Mar 2002


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