Publications / 2011 Proceedings of the 28th ISARC, Seoul, Korea

Development of the Performance Management Process Based on Risk Breakdown Structure at Business Processes in the Central City Mixed-Used Regeneration

Chang-Teak Hyun, Myung-Jin Son, RunZhi, Dae-Hyun Kim, You-Sang Yoon
Pages 1520-1523 (2011 Proceedings of the 28th ISARC, Seoul, Korea, ISBN 978-89-954572-4-5, ISSN 2413-5844)
Abstract:

Recently, CBD(Central Business District) mixed-used regeneration programs(mega-projects) composing various types of residential, commercial, office, and cultural facilities are being promoted to maximize land and space utilization in the inside and outside of the country. It has advantages that meet the functions and the needs of each facility and create new spatial function. On the other hand, several problems are pointed out, such as large project cost, long-term project period and complicated interests among the diverse stakeholders. Especially, CBD mixed-used regeneration is influenced in numerous risks from the early stage of the project, such as land utilization restriction, approval delay, conflicts with surrounding area and traffic impact assessment. Nevertheless, failure cases of projects are being increased, since the studies on the program processes, the parties participating in the project, and the risk factors related to the large-scale CBD mixed-used regeneration are not sufficient. Therefore, this study aims to develop a risk breakdown structure based on business processes and develop a three-dimensional performance measurement method in connection to the structure, and ultimately provide a risk management process appropriate for large-scale projects.

Keywords: CBD Mixed-used Regeneration, Risk Breakdown Structure, Risk & Performance Measurement, Three- dimensional Area Measurement Method