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Risk Management of the Complex Construction Project – The New Cruise And Ferry Port Of Zadar

From the Croatian construction and economical perspectives the NCFPZ project is having a very particular significance as projects of this magnitude and complexities have rarely been developed locally. There are often high levels of uncertainty in construction projects. Systematic risk management helps you quantify that uncertainty. Therefore, it was relatively easy to conclude that the special attention should be drawn, as part of the project management for the NCFPZ, to the risk management. For the identification and categorization of risks and risk analysis for the NCFPZ project, taking into account the best known practice, as well as specific experience gained in managing a number of large port infrastructure projects, it was decided that a hybrid approach will be used, a variant which will categorize risks per phases of the project’s life cycle. The categorization of risks is shown throughout the stages from the start of the project and design, obtaining all permits and approvals, construction and preparation for engagement of the future operator of the project. The example of this complex infrastructure project risk assessment and analysis showed that the greatest impacts of the project risks came from a group of administrative and political risks where is the greatest imbalance of more than 300% up to 400% from the initially quantified risks in relation to their appearance during implementation. This can be explained in part by the fact that the project took place in a time and environment of extremely "busy" legal regulatory activities of conforming to the European directives during the process of accession of the Republic of Croatia to the EU.

Project Management, Risk Management, Complex Construction Project, Cruise and Ferry Port, European Union

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