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Green retrofit projects : risk assessment and mitigation

conference contribution
posted on 06.12.2017, 00:00 by Xianbo Zhao, B-G Hwang, YL See
The Singapore building industry has been experiencing a trend of going green and the government has set up a target to have at least 80% of buildings being green by 2030. To achieve this target, initiatives have been steered towards retrofitting existing buildings to green buildings. This study aims to assess the risks associated with green retrofit projects in Singapore. To achieve the objective, 20 risks were identified from a literature review. In addition, a questionnaire survey was performed with 30 professionals experienced in green retrofits. In the risk assessment, this study adopted the index of risk criticality (RC), which is the product of likelihood of occurrence (LO) and magnitude of impact (MI). In terms of RC values, “post-retrofit tenants’ cooperation risk”, “regulatory risk”, “market risk”, “financial risk”, and “pre-retrofit tenants’ cooperation risk” were the top-five risks. Additionally, comparisons were made between traditional and green retrofit buildings. 17 and 19 risks received significantly higher LO and MI values in green retrofits than those in traditional retrofits, respectively, which contributed to the significant differences in RC values of 19 risks between the two groups of retrofits. These results also confirmed the necessity of risk management in green retrofit projects. Furthermore, 28 mitigation measures were collected and received agreement from the respondents. This study contributes to knowledge by providing an understanding of the risks in green retrofit projects in Singapore for both practitioners and researchers. Practitioners can customize their own list of critical risks in green retrofit projects based on the risk identification in this study.

History

Parent Title

Association of Researchers in Construction Management (ARCOM) : Proceedings of the 31st Annual Conference, University of Reading, Lincoln, UK.

Start Page

125

End Page

134

Number of Pages

10

Start Date

01/01/2015

Finish Date

01/01/2015

ISBN-13

9780955239090

Location

Lincoln, UK

Publisher

ARCOM

Place of Publication

UK

Peer Reviewed

Yes

Open Access

No

External Author Affiliations

EC Harris (Singapore); National University of Singapore; Not affiliated to a Research Institute; School of Engineering and Technology (2013- );

Era Eligible

Yes

Name of Conference

Association of Researchers in Construction Management. Conference

Exports

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