Skip to main content
Go to the home page of the European Commission (opens in new window)
English English
CORDIS - EU research results
CORDIS
Content archived on 2024-05-27

Risk Management Software System for SMEs in the Construction Industry

Objective

The construction sector is one of Europe's biggest industries accounting for 10% of Gross Domestic Product with approximately 92% of manufacturers being SMEs. This sector directly employs 12 million EU citizens and 26 million workers are dependent on the sector. However, due to the global economic crisis, the last few years have been full of uncertainty for many companies in the construction and engineering industry. These companies are facing fierce competition and winning new contracts as well as delivering on schedule and on budget is fundamental to their survival. Core to these problems are, enterprises and more especially SMEs are operating in a dynamic business environment with constant exposure to risk leading to underperformance, low productivity and sometimes businesses could stop trading overnight. This project therefore, aims at developing a cost effective, user friendly risk management system, which evaluates, monitors, and reviews both imminent and impending risks with a view to completely eliminate or minimise their impact. RiMaCon consortium wishes to challenge and overcome the current non trivial, interdisciplinary and intersectoral barriers currently preventing the development and implementation of efficient risk management systems in SMEs. It will therefore design and develop a robust, reliable, and sustainable risk management prototype system suitable and affordable for the construction SMEs, possibly in a software format or a portal. This risk management prototype will be dynamic, flexible to adapt to different construction contexts. RiMaCon has already carried out preliminary survey / investigation and confirmed this need especially for SMEs who are under resourced, vulnerable and also lack the technology to develop a robust risk management system. RiMaCon (two Universities and two SMEs) is balanced in terms of expertise and knowledge to tackle this problemn and will work with a large database of construction SMEs who would provide the data.

Fields of science (EuroSciVoc)

CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.

You need to log in or register to use this function

Topic(s)

Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.

Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

FP7-PEOPLE-2012-IAPP
See other projects for this call

Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

MC-IAPP - Industry-Academia Partnerships and Pathways (IAPP)

Coordinator

UNIVERSITY OF WOLVERHAMPTON
EU contribution
€ 409 912,52
Address
WULFRUNA STREET
WV1 1LY Wolverhampton
United Kingdom

See on map

Region
West Midlands (England) West Midlands Wolverhampton
Activity type
Higher or Secondary Education Establishments
Links
Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

No data

Participants (5)

My booklet 0 0