Host: The Japan Society of Mechanical Engineers
Name : [in Japanese]
Date : October 08, 2016 - October 10, 2016
Current Japanese growth strategy contains exportation of infrastructure packages. Japanese firms mostly have to confront an international competitive bidding to be involved in international infrastructure projects. In recent years, however, they often withdraw from the bidding in spite of high potential in expanding their business. Difficulty in evaluation of risks residing in overseas project due to the company’s inexperience and unclearness of measure to prevent such risks are regarded as the main reason for this. For the reason, Japanese firms need a method by which project risks can be evaluated precisely in advance of the bidding. This paper describes a method combining an existing method and a scenario planning method by which firms can identify potential risks actively for the bidding decision by considering various uncertainties and quantifying risks in the projects. In the course of the development of this method, validity of this method was verified by applying the method to an actual project (Bangalore metro construction project in India) as a case study.
