WIT Press


Innovative Method For Data Collection And Risk Analysis During The Bidding Process

Price

Free (open access)

Paper DOI

10.2495/RISK020351

Volume

31

Pages

Published

2002

Size

635 kb

Author(s)

V. Bellos, K. Kirytopoulos, V. Leopoulos & M. Sfantsikopoulos

Abstract

Innovative method for data collection and risk analysis during the bidding process V. Bellos, K Kirytopoulos, V. Leopoulos & M. Sfantsikopoulos National Technical University of Athens, Mechanical Engineering Department, Greece Abstract This paper presents a method for risk assessment during the bidding process and the required data acquisition. An information system for data collection (corporate memory) and analysis (algorithm) supports the presented method. Data acquisition is based on structured risk sheets that maintain all the required information for the analysis. Processing is based on three managerial roles required by the method: The Risk Manager, the Bid Manager and the Knowledge Manager, each one using his expertise to analyse information and fill in the method’s risk sheets. Risk assessment algorithm is based on two different scales in order to be adaptable to specific industrial needs. The quantitative scale assesses risks in terms of money and the qualitative in terms of an indicator. Introduction Risk knowledge is fuzzy, unstructured, insufficient, tacit (in people minds only for example), forgotten as a solved ancient history, transformed afterwards, insufficiently organised and not or incompletely catalogued, underestimated,

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