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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.

Call for proposal

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

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Coordinator

UNIVERSITY OF WOLVERHAMPTON
Address
Wulfruna Street
WV1 1LY Wolverhampton
United Kingdom
Activity type
Higher or Secondary Education Establishments
EU contribution
€ 409 912,52
Administrative Contact
Chike F. Oduoza (Prof.)

Participants (5)

ZAPADOCESKA UNIVERZITA V PLZNI
Czechia
EU contribution
€ 89 137,67
Address
Univerzitni 8
301 00 Pilsen
Activity type
Higher or Secondary Education Establishments
Administrative Contact
Jiri Tupa (Dr.)
DANSK BRAND- OG SIKRINGSTEKNISK INSTITUT FORENING

Participation ended

Denmark
Address
Jernholmen 12
2650 Hvidovre
Activity type
Research Organisations
Administrative Contact
Tina Sander (Ms.)
THYME SOFTWARE LIMITED

Participation ended

United Kingdom
EU contribution
€ 1 100
Address
The Innovation Centre Coventry University Technology Park Puma Way
CV1 2TT Coventry
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Administrative Contact
John Pinner (Mr.)
VETTORAZZO COSTRUZIONI SRL
Italy
EU contribution
€ 380 790,47
Address
Via Del Progresso 26
35127 Padova
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Administrative Contact
Marco Vettorazzo (Mr.)
COMPUTORS LIMITED
United Kingdom
EU contribution
€ 40 376,57
Address
Oatlands Way 8
WV6 7XW Wolverhampton
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Administrative Contact
Wayne Robinson (Mr.)