Reliability, Risk Management, and Contingency of Construction Processes and Projects

Abstract The paper presents the evolution of concepts, an overview of research and applications pertaining to reliability in construction production, the use of reserves, robust itineraries, and contingency of time and cost. It describes areas of management advisory systems in relation to the cycle of risk analysis. The article also presents the main trends in different approaches to risk management in construction and construction project processes, such as reliability of production, discount methods, methods of reporting, integrated management together with trends towards standardisation of the investment process management. The discussion is embedded in the specific context: the achievements of trilateral academic colloquia, with participation of Lithuania, Germany and Poland, and a review of work by Professor Kaplinski, the chair of the Polish delegation to the aforementioned colloquia.

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