How to Estimate the Risk of Failure of Urban Renewal Projects from the Economic and Managerial Aspects

Abstract

One of the important goals of crisis management is increasing the welfare level and establishing social justice in society. One of the ways to establish social justice is to renovate worn-out urban structures. Worn-out fabrics, despite having great economic and social capacities and rich human and environmental resources, are struggling with many social and economic problems such as rising unemployment, low social status of residents, insecurity, poverty, and low level of health, which increases the need to invest in the renovation of worn-out structures. On the other hand, in all projects, there are a series of obstacles that disrupt the process of realizing project goals. These obstacles are the same problems and risks that we face during the stages of designing, compiling, implementing, and operating the project. Therefore, the process of identifying and managing the risk of this category of projects is very important. In this study, an analysis of the existing solutions for risk management of this category of projects has been presented and, if possible, new solutions have been introduced. As you know, worn-out urban structures cause a series of social and economic problems and anomalies, such as: Rising unemployment, low social status of neighborhood residents, insecurity, poverty, and low level of health. On the other hand, one of the goals of society is to raise the welfare level and implement social justice in society. In this regard, projects have been defined under the title of renovation projects of worn-out urban structures. On the other hand, every project has a set of goals, the failure of which means the failure of the project. The factors of project failure are the problems and risks that we face during the project stages. For this reason, it is very important to identify and manage the risk of this category of projects.