Identification and assessment of risks in petrochemical projects in Iran; case study: Bakhtar Petrochemical Company

One of the most important issues in many project-oriented organizations is the risk management of the ongoing projects of that organization. In this regard, in the first step, the potential risks of projects should be identified under a systematic and comprehensive scheme, and then, using appropriat...

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Autores principales:	Mohammad Shariatmadari, Nasim Nahavandi
Formato:	article
Lenguaje:	FA
Publicado:	Iranian Society of Structrual Engineering (ISSE) 2020
Materias:	petrochemical projects in iran risk identification risk assessment dempster-shafer’s theory of evidence evidential reasoning approach Bridge engineering TG1-470 Building construction TH1-9745
Acceso en línea:	https://doaj.org/article/a29b767433684795b95e402d9764d9e0
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spelling	oai:doaj.org-article:a29b767433684795b95e402d9764d9e02021-11-08T15:53:54ZIdentification and assessment of risks in petrochemical projects in Iran; case study: Bakhtar Petrochemical Company2476-39772538-261610.22065/jsce.2018.132587.1563https://doaj.org/article/a29b767433684795b95e402d9764d9e02020-07-01T00:00:00Zhttps://www.jsce.ir/article_80251_9372bd20c9dac846073cc67082e10d73.pdfhttps://doaj.org/toc/2476-3977https://doaj.org/toc/2538-2616One of the most important issues in many project-oriented organizations is the risk management of the ongoing projects of that organization. In this regard, in the first step, the potential risks of projects should be identified under a systematic and comprehensive scheme, and then, using appropriate and desirable methods, they should be evaluated in terms of their probability and their impact on project goals. In this study, considering Bakhtar Petrochemical Company, a holding company, as one of the largest companies that construct and operate petrochemical projects in Iran as a case study, the current and potential uncertainties and risks of petrochemical projects in Iran have been identified and evaluated. Two methods, namely documentation review and interview, have been used to identify risks. This procedure has led to the identification and classification of 104 potential risks in petrochemical projects in two categories and eight sub-categories. Also, since the risk assessment is an evidential, intuitive, and empirical decision-making process, the Evidential Reasoning approach has been used for this stage. Evidential Reasoning, based on the Multi-Attribute Decision-Making approach and Dempster-Shafer's Theory of Evidence, is a useful and effective method to deal with overly intuitive and inaccurate judgments made in this uncertain environment. Using this method, in addition to assessing and ranking the identified risks, has also produced a measurement of the level of recognition of the identified risks.Mohammad ShariatmadariNasim NahavandiIranian Society of Structrual Engineering (ISSE)articlepetrochemical projects in iranrisk identificationrisk assessmentdempster-shafer’s theory of evidenceevidential reasoning approachBridge engineeringTG1-470Building constructionTH1-9745FAJournal of Structural and Construction Engineering, Vol 7, Iss شماره ویژه 2 (2020)
institution	DOAJ
collection	DOAJ
language	FA
topic	petrochemical projects in iran risk identification risk assessment dempster-shafer’s theory of evidence evidential reasoning approach Bridge engineering TG1-470 Building construction TH1-9745
spellingShingle	petrochemical projects in iran risk identification risk assessment dempster-shafer’s theory of evidence evidential reasoning approach Bridge engineering TG1-470 Building construction TH1-9745 Mohammad Shariatmadari Nasim Nahavandi Identification and assessment of risks in petrochemical projects in Iran; case study: Bakhtar Petrochemical Company
description	One of the most important issues in many project-oriented organizations is the risk management of the ongoing projects of that organization. In this regard, in the first step, the potential risks of projects should be identified under a systematic and comprehensive scheme, and then, using appropriate and desirable methods, they should be evaluated in terms of their probability and their impact on project goals. In this study, considering Bakhtar Petrochemical Company, a holding company, as one of the largest companies that construct and operate petrochemical projects in Iran as a case study, the current and potential uncertainties and risks of petrochemical projects in Iran have been identified and evaluated. Two methods, namely documentation review and interview, have been used to identify risks. This procedure has led to the identification and classification of 104 potential risks in petrochemical projects in two categories and eight sub-categories. Also, since the risk assessment is an evidential, intuitive, and empirical decision-making process, the Evidential Reasoning approach has been used for this stage. Evidential Reasoning, based on the Multi-Attribute Decision-Making approach and Dempster-Shafer's Theory of Evidence, is a useful and effective method to deal with overly intuitive and inaccurate judgments made in this uncertain environment. Using this method, in addition to assessing and ranking the identified risks, has also produced a measurement of the level of recognition of the identified risks.
format	article
author	Mohammad Shariatmadari Nasim Nahavandi
author_facet	Mohammad Shariatmadari Nasim Nahavandi
author_sort	Mohammad Shariatmadari
title	Identification and assessment of risks in petrochemical projects in Iran; case study: Bakhtar Petrochemical Company
title_short	Identification and assessment of risks in petrochemical projects in Iran; case study: Bakhtar Petrochemical Company
title_full	Identification and assessment of risks in petrochemical projects in Iran; case study: Bakhtar Petrochemical Company
title_fullStr	Identification and assessment of risks in petrochemical projects in Iran; case study: Bakhtar Petrochemical Company
title_full_unstemmed	Identification and assessment of risks in petrochemical projects in Iran; case study: Bakhtar Petrochemical Company
title_sort	identification and assessment of risks in petrochemical projects in iran; case study: bakhtar petrochemical company
publisher	Iranian Society of Structrual Engineering (ISSE)
publishDate	2020
url	https://doaj.org/article/a29b767433684795b95e402d9764d9e0
work_keys_str_mv	AT mohammadshariatmadari identificationandassessmentofrisksinpetrochemicalprojectsinirancasestudybakhtarpetrochemicalcompany AT nasimnahavandi identificationandassessmentofrisksinpetrochemicalprojectsinirancasestudybakhtarpetrochemicalcompany
_version_	1718441593317359616

Identification and assessment of risks in petrochemical projects in Iran; case study: Bakhtar Petrochemical Company

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