scholarly journals Moderating role of government Acts, laws and policies between team competency and skills and construction risk management among KSA contractors

2021 ◽  
Vol 11 (2) ◽  
pp. 144-165
Author(s):  
Muhammad Abdul Rehman ◽  
◽  
Md. Sayuti Bin Ishak ◽  
Keyword(s):  
Risk Management ◽  
Construction Projects ◽  
Statistical Power ◽  
High Efficiency ◽  
Cost Overrun ◽  
Role Of Government ◽  
Construction Risk ◽  
Laws And Policies ◽  
Project Objectives

Contractors have given importance to risks in the construction process as it causes time and cost overrun, delays, and total desertion in activities and events present in the construction project. The uncertainty in the completion time, cost, and quality during construction relate to construction risks. Project goals are achieved by classifying, investigating, and replying to risks associated with construction projects. To achieve project objectives, team competency and skills are required, which are viewed as attitude, aptitude, versatility, and knowledge. Based on organisation control theory, current research (quantitative in nature) discusses the influence of team competency and skills on construction risk management with the moderation role of government Acts, laws, and policies among 303 large-size contractors working in the Kingdom of Saudi Arabia using PLS-SEM technique. PLS-SEM is a composite-based approach that provides high efficiency parameter estimation with increased statistical power for analyzing complex models. Results depict that government Acts, laws and policies and team competency and skills positively influence construction risk management. In addition, moderation of government Acts, laws, and policies has positive relation among team competency and skills and construction risk management. Organisational management can reduce risk occurrence within a project by building conditions for enhancing team competency and skills.

scholarly journals Establishing Core Factors of Risk Management Influencing Performance Outcome of Small and Medium Firm's Construction Projects in Gauteng

2020 ◽  
Vol 25 (2) ◽  
pp. 93-127
Author(s):  
Berenger Yembi Renault ◽  
Justus Ngala Agumba ◽  
Nazeem Ansary
Keyword(s):  
Risk Management ◽  
Construction Industry ◽  
South African ◽  
Construction Projects ◽  
Geographical Area ◽  
Risk Identification ◽  
Influential Factors ◽  
Performance Outcome ◽  
Management Factors ◽  
Project Objectives

The quest for delivering successful construction projects has urged South African small and medium enterprises (SMEs) to adopt risk management in their projects. However, it has been evinced that SMEs projects in South Africa especially in the Gauteng province have encountered poor performances. Thus, this article determines core risk management factors influencing project outcome of SMEs. A deductive approach was embraced using a questionnaire. The data were collected from 181 conveniently sampled respondents in Gauteng, graded from Grade 1 to 6 of the CIDB (Construction Industry Development Board) grading system. The Statistical Package for the Social Science (SPSS) version 23 was used to analyse the data by computing exploratory factor analysis and multiple regression analysis. It was revealed that SMEs performance outcome is influenced by eight risk management factors. The influential factors are organisational environment, defining project objectives, resource requirements, risk measurement, risk identification, risk assessment, risk response and action planning and monitoring, review and continuous improvement. The risk management factors established in this article are reliable and valid in projects undertaken by SMEs in the South African construction industry and the findings can serve as a guideline for contractors to achieve success in this context. The study may be repeated in other countries globally, however, it cannot be generalised due to the restrictions pertaining to the geographical area.

scholarly journals Maturing Construction Management Up The Bim Model & Scheduling Using Primavera

2018 ◽  
Vol 7 (3.10) ◽  
pp. 1 ◽  
Author(s):  
T Subramani ◽  
A Ammai
Keyword(s):  
Risk Management ◽  
Project Management ◽  
Construction Management ◽  
Construction Projects ◽  
Hazard Management ◽  
Project Completion ◽  
Schedule Delay ◽  
Venture Management ◽  
Construction Risk ◽  
Timely Project Completion

Poor hazard management is among significant difficulties confronting the construction business on issues of timely project completion. Although hazard factors are various, the nature of construction projects being inclined to changes amid execution makes it hard to satisfactorily catch chance perspectives identified with scheduling and timely project completion. Conventional 2D PC based devices don't enough use digitized calculable data, along these lines constrained in capturing construction risk. Hence, derive the benefit  of prominent BIM to pass over this gap is presently being noted in growth  venture management. This examination researches the utilization of BIM in managing scheduling risk of construction projects. In our study, to properly minimize the risk of schedule delay in projects; construction sequencing exercises should be satisfactorily digitized and BIM offers the total chance to integrate vital aspects of project management that  management enhance scheduling risk management.  

A stakeholder-based risk assessment and intervention framework for international construction projects

2019 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Tao Wang ◽  
Shangde Gao ◽  
Pinchao Liao ◽  
Tsenguun Ganbat ◽  
Junhua Chen
Keyword(s):  
Risk Factors ◽  
Risk Assessment ◽  
Risk Management ◽  
Construction Projects ◽  
Management Practices ◽  
Intervention Strategies ◽  
The Body ◽  
Content Type ◽  
International Construction ◽  
Project Objectives

Purpose The purpose of this paper is to construct a two-stage risk management framework for international construction projects based on the meta-network analysis (MNA) approach. A plethora of international construction studies seems to assume risks as independent and therefore, risk intervention strategies are usually critiqued as ineffective. Design/methodology/approach In the risk assessment stage, a multi-tiered risk network structure was developed with the project objectives, risk events, risk factors and stakeholders, and critical risk factors were selected based on a series of calculations. In the risk intervention stage, targeted risk intervention strategies were proposed for stakeholders based on the results of the first stage. A highway construction project in Eastern Europe was selected as a case study. Findings The results showed that 17 risk factors in three categories – external, stakeholder-related and internal – are critical, and the project manager, construction management department, supplier and contract department are the most critical stakeholders that affect the entire project performance. Based on the critical risk factors and project stakeholders, targeted risk intervention strategies were proposed. The risk assessment results of MNA were found to be more reliable and consistent with the project conditions than the risk matrix method; the risk intervention strategies of MNA can effectively address project objectives. Originality/value This study modeled risk priorities based on risk associations and put forward a new method for risk management, supplementing the body of knowledge of international construction. The results of this study are of critical importance in management practices.

scholarly journals Effectiveness of Risk Management in NG-CDF Construction Projects in Nairobi County

2020 ◽  
Vol 10 (1) ◽  
pp. 40-44
Keyword(s):  
Risk Management ◽  
Construction Projects ◽  
Sampling Technique ◽  
Simple Random Sampling ◽  
Management Policy ◽  
Explanatory Variables ◽  
Probabilistic Sampling ◽  
Management Procedures ◽  
Construction Risk ◽  
Risk Management Policy

Globally, performance of a construction project is primarily judged by cost, time, and quality. Performance of any project is measured by the extent of meeting the standards laid down at the start of the project. Risk management has been conceptualized as having a great bearing on the outcome of projects. The purpose of this study was to investigate risk management in relation to performance of National Government Constituency Development Funded construction projects in Nairobi County. The objectives of the study included; to assessing the influence of resource risk management, to investigate the role of risk management procedures, to analyze the influence of risk management policies and finally to develop a framework for enhancing proper risk management in the CDF projects in Kenya. A survey research design was used. The study employed a probabilistic sampling technique of simple random sampling in data collection. The study found a positive correlation between NG-CDF construction projects performance and all its explanatory variables investigated in the study. The study established that Construction risk management is extremely critical for every company. Not knowing where there might be risks on a project leave companies vulnerable and ill-prepared. CDF risk management committee should therefore develop a risk management policy that is consistent with the risk management strategy and Explain the purpose, role and benefits of embedding risk management policy and procedures into firms’ policies and procedures.

Amadubi Rural Tourism Project in Jharkhand: Development of Project Risk Management (A)

2015 ◽  
pp. 1-13
Author(s):  
Goutam Dutta ◽  
Sumitro Santra
Keyword(s):  
Risk Management ◽  
Rural Tourism ◽  
Government Agencies ◽  
Project Risk Management ◽  
Project Risk ◽  
Role Of Government ◽  
Funded Project ◽  
Management Issues

Rural Tourism is an important feature in development of emerging states in India. This case study, an UNDP funded project with ministry of Tourism, GOI, focuses the problem faced by a NGO in developing a rural tourism in Jharkhand in India for a decade. The management issues are feasibility and financial viability, lack of project and infrastructure planning, role of government agencies. The case stresses need of project risk management in this type of private partner partnership

A META ANALYSIS OF DECISION MAKING PROBLEMS IN CONSTRUCTION RISK MANAGEMENT

2020 ◽  
Vol 7 (1) ◽  
Author(s):  
Kerim Koc ◽  
Asli Pelin Gurgun
Keyword(s):  
Decision Making ◽  
Risk Management ◽  
Construction Projects ◽  
Meta Analysis ◽  
Multiple Criteria Decision Making ◽  
Extensive Literature ◽  
Factors Affecting ◽  
Advantages And Disadvantages ◽  
Construction Risk ◽  
Pros And Cons

Various Multiple Criteria Decision Making (MCDM) methods are being commonly used in the area of construction risk management to deal with decisions that are subjected to several factors affecting the selection of the best possible choice in the projects. There are many techniques developed to provide assistance to decision-makers during decision-making process, each having different advantages and disadvantages. This study discusses some of the most frequently applied MCDM methods in construction risk management such as: AHP, ANP, TOPSIS, VIKOR, and DEMATEL, with their own application principles. It aims to introduce a meta-analysis about the use of MCDM methods within the last two decades and provide an extensive literature review study about construction risk management. It is expected to assist practitioners and researchers to suggest effective methods for specific type of risks to be addressed in construction projects. The discussion of pros and cons of each method will also provide some insights to get use of multiple MCDM methods rather than a single means to enhance the analysis outputs.

scholarly journals Assessment of barriers to Risk Management (RM) implementation in small construction projects in Nigeria

2019 ◽  
Vol 3 (1) ◽  
pp. 15-28
Keyword(s):  
Risk Management ◽  
Construction Projects ◽  
Profit Margin ◽  
Inferential Statistics ◽  
Project Risk ◽  
Effective Measure ◽  
Project Objectives ◽  
Structured Questionnaire ◽  
Lack Of Knowledge

Managing project risk in construction is becoming increasingly critical for ensuring that project objectives are met effectively. Due to the innate characteristics of small construction projects, they are prone to more risks as they face more challenges than the large ones. However, previous studies indicated that the Small and Medium Companies (SMCs) mainly contracting small projects did not attach adequate importance to Risk Management (RM) in small projects. This study investigates the implementation of RM in small construction projects in Nigeria in terms of barriers to its implementation and measures for overcoming them. A structured questionnaire was developed and used to collect data from construction managers. The data were analyzed using both descriptive and inferential statistics. The findings revealed that lack of knowledge and experience, tight schedules and cost of project are the major barriers to RM in Nigeria. It was seen that contractors bid for projects without RM implementation which in turn affects their profit margin. More so, the attitude of construction participants is another problem to risk management. Increases in understanding of the concept of RM by managers is viewed as the most effective measure for overcoming lack of implementation of RM in small projects in Nigeria.

scholarly journals Validating the Influence of Effective Communication, Team Competency and Skills, Active Leadership on Construction Risk Management Practices of Nigerian Construction Companies

2018 ◽  
pp. 460-465
Keyword(s):  
Risk Management ◽  
Structural Equation ◽  
Management Practices ◽  
Effective Communication ◽  
Equation Modeling ◽  
Cost Overrun ◽  
Cross Sectional Survey ◽  
Cross Sectional ◽  
Construction Companies ◽  
Construction Risk

The purpose of stressing the importance of risk management among construction companies is to reduce the effects of risk on projects and make the construction activities more profitable, completed to quality standards, time and budget. This significant deliberation has stimulated various research interests by construction companies, specifically viewing the risk in construction activities that affect project performance; (time overrun, cost overrun and low quality) as the significant risks attached to the projects from the global point of view. Using Partial Least Squares- Structural Equation Modeling approach, this study validates construction risk management (CRM) as a construct from the perspectives of 238 local, national and multi-national construction companies in Nigeria. A cross-sectional survey was conducted where data was gathered from companies through a structured questionnaire. Findings from this study disclosed that effective communication, team competency and skills with active leadership have a significant influence on construction risk management (CRM) practices of the Nigerian construction companies.

scholarly journals CHOOSING AN APPROPRIATE CONTINGENCY SUM ESTIMATING METHODS FOR HIGHWAY CONSTRUCTION PROJECTS IN NIGERIA: A LITERATURE REVIEW

2017 ◽  
Vol 15 (1) ◽  
Author(s):  
Razali Abdul Hamid ◽  
Fabi Jonathan Kehinde
Keyword(s):  
Literature Review ◽  
Construction Projects ◽  
Health And Safety ◽  
Main Function ◽  
Cost Overrun ◽  
Highway Projects ◽  
Building Projects ◽  
Quality Health ◽  
Single Method ◽  
Project Objectives

In order to establish a gap to be filled in a particular field, there is a need to gather information that allows the researcher to identify and analyse the current state of researches on the topic. Contingency sum estimation for projects plays an important role for inclusion for risk taken by the contractor on the bid amount. This is good in order to meet project objectives (cost, time, quality, health and safety, and environment). The main function of contingency sum is to cater forvariations that arise during the construction phase of projects. The aim of the study is to identifying and examine the various methods for estimating contingency sum for projects with a view to propose an appropriate method which will be suitable for a specific project in order to increase accuracy and reduce cost overrun. A literature review of selected papers (journals, conference proceedings and theses) on contingency estimation was carried out. The major findings from this study is that most studies were carried out on building projects while few were carried out on highway projects. From the analysis carried out, no single method of estimating has been effective for all types of projects. These methods of estimating contingency sums have developed over the years as a result of shortcomings of one method after the other. It is therefore recommended that peculiarity of each project, ease of using each of the methods and accuracy of the estimates needed should be the basis of choosing method of estimating contingency sum.

scholarly journals STUDY ON RISK MANAGEMENT PRACTICES ON PUBLIC BUILDING CONSTRUCTION PROJECT: IN CASE OF EASTERN WOLLEGA ZONE

2021 ◽  
Vol 6 (3) ◽  
Author(s):  
Zelalem Mebrate Ejeta ◽  
Zelalem M ◽  
Vignesh Kumar M ◽  
Getnet Tadesse ◽  
Biftu Jaleta
Keyword(s):  
Risk Management ◽  
Construction Projects ◽  
Management Practices ◽  
Management Practice ◽  
Construction Project ◽  
Research Work ◽  
Building Construction ◽  
Market Condition ◽  
Public Building ◽  
Project Objectives

The Construction Industry is embedded with risky situations that affect construction projects and therefore requires systematic processing to achieve project objectives and ensure business sustainability (5). This research work was tries to study the risk management practice on public building construction projects and aims to identify the level that use of risk management practice especially in the public building. The data collection method was a combination of interview and questionnaire. Samples were purposively selected from clients, consultants, and contractors representatives who are now actively participating in public building construction projects. For this study, the data was collected using both primary and secondary sources. Depending on the data that was gathered from the respondent to test the level of awareness, identifying the Risk that affect the performance of public building construction project and major risk management practice on public building construction project are considered and the RII was used to rank the factors. This data was analyzed using SPSS of version 22 to perform descriptive statistics. A total of 75 questionnaires were targeted to be distributed and out of those 50 which is 66.67% are successfully responded. The finding from this study revealed that, about (52%) of the project progress is lagging from the schedule. Regarding the awareness of the risk management, (94%) of the respondents where confirmed that they have awareness of risk management ideologies and they are confident enough to implement their knowledge while, (6%) of them have no concept about the risk management. The top five risks that affect the performance of construction project have been identified and ranked. Accordingly; market condition, unexpected inflation, local taxes, inadequate production of raw materials, and the economic condition of country are the top five identified associated project risks.

Sign in / Sign up

Export Citation Format

Share Document