Assessment of Options for Substantiating an Infrastructure Project Implementation Plan in the Presence of Associated Risks

Abstract The study describes the approach to drawing up and evaluating project implementation plans in the presence of associated risks. Two alternative approaches to planning are considered and evaluated: network modeling and integer programming. It is assumed that the project risk is associated wi...

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Bibliographic Details
Published inIOP conference series. Earth and environmental science Vol. 666; no. 6; p. 62075
Main Author Denisova, A I
Format Journal Article
LanguageEnglish
Published Bristol IOP Publishing 01.03.2021
Subjects
Evaluation
Gas pipelines
Infrastructure
Integer programming
Natural gas
Ocean floor
Project planning
Risk
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Summary:Abstract The study describes the approach to drawing up and evaluating project implementation plans in the presence of associated risks. Two alternative approaches to planning are considered and evaluated: network modeling and integer programming. It is assumed that the project risk is associated with a positive or negative event or a combination of them that may occur with some probability during the implementation of the project. Different scenarios are developed depending on the conditions under which risk events occur. The risk value for each scenario is estimated based on the expected values of the project’s financial characteristics. Scenario tests are performed for each approach. The described procedure is checked using an illustrative example of an infrastructure project which consists in laying a section of a gas pipeline on the seabed. A software package for project planning was developed taking into account the associated risks based on a scenario approach using the Python.
ISSN:1755-1307
1755-1315
DOI:10.1088/1755-1315/666/6/062075