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RISK OF DESIGN AND DECISIONS

The result's identifiers

  • Result code in IS VaVaI

    <a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60076658%3A12510%2F19%3A43900418" target="_blank" >RIV/60076658:12510/19:43900418 - isvavai.cz</a>

  • Result on the web

  • DOI - Digital Object Identifier

Alternative languages

  • Result language

    angličtina

  • Original language name

    RISK OF DESIGN AND DECISIONS

  • Original language description

    The current state of designing new projects in the Czech Republic is primarily influenced by the long-term under-dimensioned volume of investments in the public and private sectors. The result is a permissive selection of low value-added project proposals. The questionable occupational benefits and inventiveness of investments create long-term risk externalities. This is reflected in increased costs, deferred (full) functionality of investments and degradation of expected returns. Net investment returns have been around 4-6% in the long term. Proposals that indicate a low level of efficiency and are not rejected constitute a degradation cycle of risks: costs -deadlines -returns –ponderable substance degradationand risk of return on invested resourcesis main critical point. The result is: investment complexes with extremely long completion and cost overruns. Finding the origins of the investment mistake introduced is usually as difficult as the majority of legislative measures not required. The low rates of regional development, the degradation of competitiveness, are only a partial account of the consequences and the technical-economic and social (TES) risks.

  • Czech name

  • Czech description

Classification

  • Type

    D - Article in proceedings

  • CEP classification

  • OECD FORD branch

    50201 - Economic Theory

Result continuities

  • Project

  • Continuities

    I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Others

  • Publication year

    2019

  • Confidentiality

    S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Data specific for result type

  • Article name in the collection

    Řízení rizik procesů spojených s technickými díly

  • ISBN

    978-80-87990-18-6

  • ISSN

  • e-ISSN

  • Number of pages

    13

  • Pages from-to

    7-19

  • Publisher name

    Czech Technical University in Prague

  • Place of publication

    Praha

  • Event location

    Praha

  • Event date

    Nov 14, 2019

  • Type of event by nationality

    CST - Celostátní akce

  • UT code for WoS article