Identifying and prioritizing of risks in electric industry development projects (Case study: transmission and high distribution of Khorasan Regional Electric Co.)

Abstract

Each year many large scale national projects face execution problems. In this regard, risk<br />management can play a significant role in identifying and taking proper measures. In this research,<br />using Project Management Body of Knowledge (PMBOK), a risk management procedure has been<br />designed and implemented in transmission and high distribution power lines of Khorasan Regional<br />Electric Company. First, using the results obtained from field studies and other information gathering<br />tools, different kinds of risks in transmission and high distribution power lines have been identified.<br />Next, risks analysis have been carried out based on probability of occurrence, ease of detection,<br />manageability as well as their impact on project goals. The rate of goals achievement was taken into<br />account by three criteria including time, cost and quality of execution. This followed by classification<br />of the risks, through risk breakdown structure, and then their prioritization. The results show that<br />budget shortage, sanctions issues, improper selection of project team, have been the main risks in the<br />projects considered in this research. The proposed approach in this study, with minor modifications,<br />may be employed to manage the risks in other large scale national projects.