Title: Evaluating and classifying the impact of individual risk on the delayed EPC hydropower projects in the developing countries of Asia

Authors: Sy Hung Mai; Vatthanaly Siphada; Jianqiong Wang; Vinath Mekthanavanh; Htay Htay Hlaing; Pheng Sokliep

Addresses: Department of Hydraulic Engineering and Construction, National University of Civil Engineering, Hanoi 100000, Vietnam ' School of Economics and Management, Southwest Jiaotong University, Chengdu 610031, China; Economics Department, Faculty of Economics and Tourism, Souphanouvong University, Luangprabang 06000, Laos ' School of Economics and Management, Southwest Jiaotong University, Chengdu 610031, China ' School of Information Science and Technology, Southwest Jiaotong University, Chengdu 611756, China; Computer Engineering Department, Faculty of Engineering, Souphanouvong University, Luangprabang 06000, Laos ' School of Mechanics and Engineering, Southwest Jiaotong University, Chengdu 610031, China; Department of Engineering Mathematics, Myanmar Maritime University, Thanlying, Yangon Region, Myanmar ' School of Communication and Information Engineering, University of Electronic Science and Technology of China, Chengdu 610051, China; Faculty of Electricity Engineering, National Polytechnic Institute of Cambodia, Phnom Penh 12000, Cambodia

Abstract: Many hydropower projects in the developing countries of Asia have currently adopted the project delivery method of engineering, procurement and construction (EPC). However, the EPC general contractors are facing many difficulties, resulting in schedule delays and considerable cost overrun. The purpose of this research is to evaluate the risks causing schedule delays of EPC hydropower projects in the developing countries of Asia. The study analysis and assessment of risks is based on survey questionnaires, which achieved the follow findings: (1) there are 21 main risks influencing on schedule delays; (2) scientifically rank the influence of every single risk on schedule delays; (3) provide a recommendation that could reduce or eliminate these risks on schedule delay of EPC hydropower projects. This study provides a valuable reference which helps investors and contractors finish on schedule to ensure the benefits when building EPC hydropower projects in the developing countries of Asia.

Keywords: EPC hydropower project; procurement risk; risk analysis and evaluation; risk control.

DOI: 10.1504/IJRAM.2019.101279

International Journal of Risk Assessment and Management, 2019 Vol.22 No.2, pp.170 - 194

Accepted: 29 Oct 2018
Published online: 30 Jul 2019 *

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