HomeAbstract of 4th-icnmbeComparison of Risk Management Process According to Company’s Role in Managing the Financial Aspects of Projects: The Specific Case of Natural Gas Networks Projects

Comparison of Risk Management Process According to Company’s Role in Managing the Financial Aspects of Projects: The Specific Case of Natural Gas Networks Projects

  • Apr 17, 2023
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Proceedings of The 4th International Conference on New Trends in Management, Business and Economics

Year: 2023

DOI:

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Comparison of Risk Management Process According to Company’s Role in Managing the Financial Aspects of Projects: The Specific Case of Natural Gas Networks Projects

Panagiotis Tzavaras, Marina Basimakopoulou Kostas Theologou

 

 

ABSTRACT: 

Public utility networks are one of the most important pillars of development upon which investments can be made to help improve the quality of life in a community. Natural gas networks play a crucial role as means of energy delivery and nationwide coverage is a technical project of utmost importance. The goal of the present study is to assess the risk management strategy that is adopted, in the case of natural gas networks construction. A comparison is presented, where the funding source is examined as a parameter. In the first case, the company is the owner of the project (concessionaire) and has undertaken the distribution of Natural Gas (NG) in a specific area, as well as the management of the network that has been built. In the second case, the company is a contractor and, after having put down the most lucrative offer, undertakes the construction of a NG network, in a specific area.

keywords: Project Management, Risk Management, Contractor, Concessionaire, Natural Gas Networks