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ISSN 2029-7092 online
ISBN 978-609-457-690-4 CD
ISBN 978-609-457-640-9
 Sustainable Urban Development

Magdalena Apollo, Elżbieta Urbańska-Galewska

Model of Risk Assessment (MORA) concept for the investment part of urban regeneration projects

Conference Information: 9th International Conference on Environmental Engineering, MAY 22-24, 2014 Vilnius, LITHUANIA
Source: ICEE-2014 - International Conference on Environmental Engineering
Book Series: International Conference on Environmental Engineering (ICEE) Selected papers
ISSN: ISSN 2029-7092 online
ISBN: 978-609-457-640-9 / 978-609-457-690-4 CD
Year: 2014
Publisher: Vilnius Gediminas Technical University Press Technika

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The main goal of this paper is presentation of the model concept (MORA) that will be used to control level of risk and manage technical risk in investment projects in the area of urban regeneration risk management. The publication was preceded by initial research and consultation with subjects involved in the process of urban regeneration of Gdansk district Letnica. It revealed numerous problems with coordination of the project, which resulted in increasing cost and longer time of project completion. Previous research also indicates that complex and social nature of urban regeneration determines the occurrence of number of risks that are not typical for regular investment projects. In relation to the above, the target mathematical model, being final outcome of the research, aims to measure percentage increase of the investment cost in relation to initial assumptions of urban regeneration projects. Construction of the proposed model is assumed to be based on qualitative and quantitative.

Keywords: urban regeneration; MORA; risk management; complex investment projects.

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