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The significance of risk identification and quantification during the preparation, contracting and implementation of smart cities projects (CROSBI ID 696467)

Prilog sa skupa u zborniku | izvorni znanstveni rad | međunarodna recenzija

Vašiček, Davor ; Juričić, Damir ; Marenjak, Saša The significance of risk identification and quantification during the preparation, contracting and implementation of smart cities projects // Smart Governmensts, Regions and Cities / Drezgić, Saša ; Žiković, Saša ; Tomljanović, Marko (ur.). Rijeka: Sveučilište u Rijeci Ekononski fakultet, 2020. str. 317-328

Podaci o odgovornosti

Vašiček, Davor ; Juričić, Damir ; Marenjak, Saša

engleski

The significance of risk identification and quantification during the preparation, contracting and implementation of smart cities projects

Smart cities projects, as with any investment, carry a series of risks stemming from internal and external factors. Risk materialization throughout the lifecycle of a project determines the efficiency of a project, i.e., the degree to which goals are achieved as defined at the beginning of the project. Accordingly, procedures for identifying (defining individual risks) and quantifying (determining the financial value of the risk) are particularly important for proper preparation of a smart city project. These projects, unlike other public projects in the area of social and economic infrastructure, where historical data exists and which can be used to determine the likelihood of risk distribution, are characterized by a lack of data and a relatively “wider” distribution of probability. This article defines the role and significance in the process of risk quantification using practical examples, and proposes a method for deriving the cost (income) and risk from probability distribution risks when contracting smart city projects, and when the project is procured by a traditional or alternative procurement model such as public- private partnership.

smart cities, risks, contracting, financial modelling

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Podaci o prilogu

317-328.

2020.

objavljeno

Podaci o matičnoj publikaciji

Smart Governmensts, Regions and Cities

Drezgić, Saša ; Žiković, Saša ; Tomljanović, Marko

Rijeka: Sveučilište u Rijeci Ekononski fakultet

978-953-7813-22-0

Podaci o skupu

2nd International Scientific Conference Economics of Digital Transformation DIGITOMIC (EDT 2019)

predavanje

02.06.2019-04.06.2019

Opatija, Hrvatska

Povezanost rada

Trošak objave rada u otvorenom pristupu

Ekonomija

Poveznice