Risk management plays a key role in project management methodology. Nowadays, it is quite common to manage projects with the use of digitally collected data. The Big Data (BD) analysis can enhance the quality of information taken from these records and be used for project management. Moreover, it can be a project risk management tool. Some examples of BD application can be found in the investment and construction projects which use both physical and virtual data derived from controlling, bids for tender, schedules from sub-contractors or some other specific information. An accurate analysis of all that data (BD) makes it possible to discover new phenomena characteristic for the project. Getting to know them can be helpful in reducing the risk of accomplishing the project objective. The chapter is intended to arouse the readers’ interest in this new source of valuable information, required to improve a course of projects. An awareness of utility of Big Data was presented on the basis of the recent anonymous survey among Polish construction entrepreneurs at the turn of years 2016 and 2017. The research has been the first step towards the broad analysis of the propensity of construction companies for using BD in project risk management. Moreover, it points out some capabilities in this matter.
Part of the book: Risk Management Treatise for Engineering Practitioners
Until now, construction was considered through the prism of technical possibilities of implementing investment plan supporting and, at the same time, urbanization processes. The development model, present in highly developed countries, is far from sustainable. The departure from natural technologies for erecting construction works must have resulted in excessive use of resources, mainly nonrenewable. The strong negative impact on the natural environment of the architecture, engineering, and construction (AEC) industry cannot go unnoticed. Therefore, a solution to the problem of excessive energy consumption in technological processes in construction, which are also generators of huge amounts of pollution, should be discovered. Circular economy (CE) is one of the concepts of response to the threat posed by these negative externalities. It is worth considering construction materials as reusable elements, e.g., after the demolition of a building. The implementation of the CE concept in AEC requires an identification of the next stage in the life cycle of buildings—the rebirth. The chapter focuses on the issues of green public procurement present in the orbit of interest of decision-makers from the European Union. It was associated with the idea of CE, which is significantly entering the construction sector in both managerial and technical terms.
Part of the book: Sustainable Sewage Sludge Management and Resource Efficiency