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Applying the Analytical Risk Assessment Method for an Urban Regeneration Project

Mulliner, E, Khumpaisal, S and Chen, Z (2012) Applying the Analytical Risk Assessment Method for an Urban Regeneration Project. In: Proceedings of Built Environment Research Associates Conference . (Built Environment Research Associates Conference, BERAC 3, 25 May 2012 - 25 May 2012, Thailand).

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Abstract

Risks cause crucial adversities to the progression and profits of urban regeneration projects. Thispaper aims to review practitioners’ decision-making procedures in assessing the potential risks in urbanregeneration projects. We introduce a multi-criteria decision making model, based on Analytic NetworkProcess (ANP) theory. This paper commences with an introduction to the risks involved in urban regenerationprojects, followed by an application of ANP as a risk assessment tool. To assess risks in the these projectseffectively, assessment criteria are defined based on the Social, Technological, Economic, Environment andPolitical (STEEP) concerns of practitioners, which are directly involved in the urban regeneration projects.A residential and commercial mixed-use project in Liverpool City Centre has been selected as a case studyto demonstrate the effectiveness of ANP. The outcome reveals that ANP is an effective tool to supportdecision-makers to assess the potential risks in urban regeneration projects. Although this ANP model canbe applied in other types of project, the risk assessment criteria should be modified to suit the contextof any particular case.

Item Type: Conference or Workshop Item (Paper)
Subjects: T Technology > TA Engineering (General). Civil engineering (General)
T Technology > TH Building construction
Divisions: Civil Engineering & Built Environment
Publisher: Thammasat Design School
Date Deposited: 01 Apr 2021 13:08
Last Modified: 01 Apr 2021 13:08
URI: https://researchonline.ljmu.ac.uk/id/eprint/14741

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