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The application of the risk management process in capital investment decisions for EHV transmission line projects

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  • John Burchett
  • V.M. Rao Tummala

Abstract

This paper reviews the viability of applying a risk management process to enhance capital investment decisions, when planning the construction of an extra-high voltage (EHV) overhead transmission line project that could be designed and built in the next 10 years by China Light & Power Company Limited, Hong Kong. Different project proposals will be considered for this transmission line as well as different completion dates. Each scenario will be investigated to determine the rate of return and expected cost to customer, using the net present value model. The lowest 'cost to customer' approach would be the normal criterion for project selection, assuming all proposals are technically viable and compatible with Hong Kong Government infrastructure plans.

Suggested Citation

  • John Burchett & V.M. Rao Tummala, 1998. "The application of the risk management process in capital investment decisions for EHV transmission line projects," Construction Management and Economics, Taylor & Francis Journals, vol. 16(2), pages 235-244.
    • Handle: RePEc:taf:conmgt:v:16:y:1998:i:2:p:235-244
    DOI: 10.1080/014461998372510
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