scholarly journals IDENTIFICATION OF RISK FACTORS AFFECTING CONSTRUCTION OF PROJECTS: THE CASE OF EMERGING ECONOMY

2018 ◽  
Vol 7 (4-2) ◽  
pp. 247-260
Author(s):  
Chipo Mellania Maseko
Keyword(s):  
Risk Factors ◽  
Risk Factor ◽  
Construction Projects ◽  
Conceptual Analysis ◽  
Project Success ◽  
Factors Affecting ◽  
Daunting Task ◽  
Project Risks ◽  
Political Category ◽  
Technical Construction

Controlling project risks has become a daunting task in construction and this can be attributed to issues such as the nature of modern projects. The challenge is that risk appears unannounced at any project phase for various reasons and thereby affecting the performance and the success of unprepared projects. The current studies that explored risk matters include Pehlivan and Öztemir (2015), Katre, and Ghaitidak (2016) amongst others. However, there is absence of unanimity from these studies on risk factors in construction. Thus, this article was instigated in order to identify and classify risk factors that affect the chances of project success. The research methodology selected for this article comprised of peer-reviewed articles between the periods of 2007 to 2017. This approach involved a comprehensive scrutiny into scholarly articles to comprehend risks in construction projects. Following a conceptual analysis, eighty factors were identified and classified under the following; technical, construction, financial, socio-political, physical, organisational, and environmental and other risks. From these categories, political instability was, found to be the most influential risk factor in construction projects and this factor was classified within the socio-political category and this category has total of 11 factors. Finding suggests the need for further empirical study.

Theoretical review on critical risk factors in oil and gas construction projects in Yemen

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mukhtar A Kassem ◽  
Muhamad Azry Khoiry ◽  
Noraini Hamzah
Keyword(s):  
Risk Factors ◽  
Risk Factor ◽  
Literature Review ◽  
Construction Projects ◽  
Oil And Gas ◽  
Project Success ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Content Type ◽  
Oil And Gas Sector

PurposeThe oil and gas construction projects are affected negatively by the drop in oil price in recent years. Thus, most engineering, procurement and construction (EPC) companies are opting to optimize the project mainly to mitigate the source of risks in construction to achieve the project expectation. Risk factors cause a threat to the project objectives regarding time, cost and quality. It is additionally a vital component in deviating from the client's expectation of productivity, safety and standards. This research aims to investigate the causes of risk in the oil and gas construction projects in Yemen.Design/methodology/approachA comprehensive literature review from various sources including books, conference proceedings, the Internet project management journals and oil and gas industry journals was conducted to achieve the objectives of this study. This initial work was predicated strictly on a literature review and the judgments of experts to develop the risk factor framework for the oil and gas construction projects in Yemen.FindingsThe authors found a few studies related to risk factors in oil and gas construction projects and shared a similar view about general construction projects. However, only a fraction of the factors accepted have included the variances of other studies on a regional basis or specific countries, such as the Yemen situation, due to the differences between the general construction industry and oil and gas industry. Moreover, the factors of these attributes were still accepted due to their applicability to the oil and gas industry, and no significant variances existed between countries. Research has indicated that 51 critical factors cause risks in the oil and gas construction projects in Yemen. Such risk factors can be divided into two major groups: (1) internal risk factors, including seven critical sources of risks, namely client, contractor, consultant, feasibility study and design, tendering and contract, resources and material supply and project management; and (2) external risk factors, including six sources of critical risk factors, namely national economic, political risk, local people, environment and safety, security risk and force-majeure-related risk factors. A risk factor framework was developed to identify the critical risk factors in the oil and gas construction projects in Yemen.Research limitations/implicationsThis research was limited to the oil and gas construction projects.Practical implicationsPractically, this study highlights the risk factors that cause a negative effect on the success of oil and gas construction projects in Yemen. The identification of these factors is the first step in the risk management process to develop strategic responses for risks and enhance the chances of project success.Social implicationsThe identification of risks factors that cause the failure of construction projects helps develop response strategies for these risks, thereby increasing the chances of project success reflected in the oil and gas sector, which is a main tributary of the national economy in developing countries.Originality/valueThis research is the pioneer for future investigations into this vital economic sector. Given the lack of resources and studies in the field of construction projects for the Yemeni oil and gas sector, the Yemeni government, oil companies and researchers in this field are expected to benefit from the results of this study. The critical risk factors specific to the oil and gas construction projects in Yemen should be further investigated with focus only on Yemen and its oil and gas industry players.

Using probability impact matrix (PIM) in analyzing risk factors affecting the success of oil and gas construction projects in Yemen

2019 ◽  
Vol 14 (3) ◽  
pp. 527-546
Author(s):  
Mukhtar A. Kassem ◽  
Muhamad Azry Khoiry ◽  
Noraini Hamzah
Keyword(s):  
Risk Factors ◽  
Construction Projects ◽  
Oil And Gas ◽  
Project Success ◽  
Risk Matrix ◽  
Content Type ◽  
Factors Affecting ◽  
The Matrix ◽  
Oil And Gas Sector ◽  
Very High

Purpose This study aims to identify and assess the significant risks in Yemen oil and gas construction projects based on their risk rating (impact and probability) by using probability–impact matrix (PIM). Design/methodology/approach In total, 51 risk factors that might affect construction projects in the oil and gas sector are defined through a detailed literature review and expert judgment. The risk factors were tabulated in a questionnaire form, which was sent to a total of 400 participants asking their contribution in identifying the risk matrix for the risk factors in terms of impact and probability of occurrence during the project life cycle. Five zones were used in the matrix according to the degree of risk factor’s severity on the success of the project. These zones are light green, dark green, yellow, light red and dark red. Findings The PIM analysis for risk factors found that five factors are located in the dark red zone, as top risks factors have a very high impact and very high probability of occurring; 40 factors are located in the light red zone; six factors are located in the yellow zone; and no factors are located in the green zone (light and dark), which is considered an indication of the importance of risk factors under study and their impact on the success of construction projects in the oil and gas sector. Moreover, the factors under feasibility study and design and resources and material; are the most categories effect on project success. Research limitations/implications The research was limited to the oil and gas construction projects in Yemen. Practical implications Practically, this study highlights the top risk factors in oil and gas construction projects, which might cause an adverse effect on project success in Yemen. Classification and ranking of these factors by using the risk matrix provide the basis for risk response planning to enhance the chances of project success. Originality/value This paper identifies the matrix for risk factors affecting the success of construction projects in the oil and gas industry in Yemen. There is a significant contribution expected from this research, especially for companies operating in the oil and gas sector and other organizations that plan to invest in this field, in addition to expected benefits for the Yemeni Government and researchers because of lack of research in this area.

scholarly journals Risk Factors Affecting the Performance of Construction Projects in Gaza Strip

2020 ◽  
Vol 14 (1) ◽  
pp. 94-104
Author(s):  
Bassam A. Tayeh ◽  
Tareq J. Salem ◽  
Yazan I. Abu Aisheh ◽  
Wesam S. Alaloul
Keyword(s):  
Risk Factors ◽  
Risk Management ◽  
Risk Factor ◽  
Construction Projects ◽  
Gaza Strip ◽  
Design Factor ◽  
Factors Affecting ◽  
The Gaza Strip ◽  
The Right ◽  
High Level

Background: The construction industry is generally associated with a high level of risk and ambiguity because of the nature of its working contexts. In the Gaza Strip, construction projects are among the riskiest projects, which require the application of the right rules and adherence to the proper management standards. Identification of these risks is the first step in risk management. Aims: This study aims to investigate and understand the main risks faced by the construction projects in the Gaza strip. Methods: A questionnaire survey was conducted to achieve the study aim, whose applicability was tested through a pilot study. Using targeted participants from engineering offices and consulting engineering companies, 70 questionnaires were distributed and collected with a response rate of 85.71%. The Quantitative method was used for data analysis using SPSS. 38 risk factor statements were considered from the seven clusters of risk factors. Results: The results show that the political risk factor was determined to be the highest with a Relative Important Index (RII) of 75.47%, while the design factor was the least factor with an average RII of 61.89%. Conclusion: It is recommended that companies should appoint a specialist in the field of risk management.

Structural modelling of internal risk factors for oil and gas construction projects

2020 ◽  
Vol 14 (5) ◽  
pp. 975-1000
Author(s):  
Mukhtar A. Kassem ◽  
Muhamad Azry Khoiry ◽  
Noraini Hamzah
Keyword(s):  
Risk Factors ◽  
Construction Projects ◽  
Oil And Gas ◽  
Project Success ◽  
Partial Least Square ◽  
Oil Field ◽  
Path Coefficient ◽  
Content Type ◽  
Oil Companies ◽  
The Relationship

Purpose Project failure is the result of one or a combination of several causes of risk factors that are very important to identify for effective performance. This study aims to focus on studying the fundamental relationship between internal risk factors and the negative effect on oil and gas project success in Yemen using the partial least square structural equation modelling (PLS-SEM) method. Design/methodology/approach Data collection was carried out using a formal questionnaire survey of the oil field sector in Yemen by companies involved in mega-oil and gas construction projects. A hierarchical model for determining causative internal risk factors and their effects was developed and evaluated using SEM method by SmartPLS3 software technology. Findings The findings of analyzing model indicate that all categories have a significant effect on project success, while the most significant affected categories in the internal risk factors are project management factors, feasibility study-design and resources-material supply with a path coefficient value of 0.213, 0.197 and 0.186, respectively. Moreover, for the hypotheses test, the positive relationship means that all experimental hypotheses are accepted according to path coefficient value analysis. In addition, the internal risk factors research model shows the ranking of effects on project success starting with project stoppage (loading factor 0.841), cost overruns (loading factor 0.818), time overruns (loading factor 0.726) and project target failure with loading factor 0.539. Research limitations/implications The research was limited to the oil and gas construction projects in Yemen. Practical implications Interpreting the relationship between internal risk factors and their impact on the success of construction projects in the oil and gas sector will assist project team and oil companies in developing risk response strategies and developing appropriate plans to mitigate the effects of risks, which is presented in this paper. Originality/value The paper explains the relationship between cause and effect of internal risk factors in oil and gas projects in Yemen, and is expected to be a guideline for the oil companies and future academic research in the risk management area.

The Interpretive Structural Model of EPC Project Risk Factors

2014 ◽  
Vol 513-517 ◽  
pp. 3269-3272
Author(s):  
Jing Min Wang ◽  
Yan Mei Li ◽  
Yi Ping Zhu
Keyword(s):  
Risk Factors ◽  
Structural Model ◽  
Energy Performance ◽  
Performance Contracting ◽  
Factors Affecting ◽  
Policies And Measures ◽  
Project Risks ◽  
Interpretive Structural Model ◽  
The Relationship

Project invested with a type of Energy Performance Contracting has many stakeholders and its structure is complex. Risk factors produced from it are so widespread that its hard to control the risks of EPC project. Analyzing EPC project risks with interpretive structural model, solving reachability matrix and establishing Interpretive Structural Model to identify the relationship between factors and the surface, middle and deep risk factors affecting EPC project based on determination of risks, which provides a reference for policies and measures formulation of the relevant departments.

scholarly journals Multivariate Analysis of Factors Affecting COVID-19 Case and Death Rate in U.S. Counties: The Significant Effects of Black Race and Temperature

2020 ◽  
Author(s):  
Adam Y. Li ◽  
Theodore C Hannah ◽  
John Durbin ◽  
Nickolas Dreher ◽  
Fiona M McAuley ◽  
...  
Keyword(s):  
Risk Factors ◽  
Multivariate Analysis ◽  
Risk Factor ◽  
Access To Health Care ◽  
Regression Analyses ◽  
Factors Affecting ◽  
Black Race ◽  
Social Distancing ◽  
Incidence And Mortality ◽  
Access To Primary Care

AbstractObjectivesCoronavirus disease-19 (COVID-19) has spread rapidly around the world, and many risk factors including patient demographics, social determinants of health, environmental variables, underlying health conditions, and adherence to social distancing have been hypothesized to affect case and death rates. However, little has been done to account for the potential confounding effects of these factors. Using a large multivariate analysis, this study illuminates modulators of COVID-19 incidence and mortality in U.S. counties while controlling for risk factors across multiple domains.MethodsData on COVID-19 and various risk factors in all U.S. counties was collected from publicly available data sources through April 14, 2020. Counties with at least 50 COVID-19 cases were included in case analyses and those with at least 10 deaths were included in mortality models. The 661 counties meeting inclusion criteria for number of cases were grouped into quartiles and comparisons of risk factors were made using t-tests between the highest and lowest quartiles. Similar comparisons for 217 counties were made for above average and below average deaths/100,000. Adjusted linear and logistic regression analyses were performed to evaluate the independent effects of factors that significantly impacted cases and deaths.ResultsUnivariate analyses demonstrated numerous significant differences between cohorts for both cases and deaths. Risk factors associated with increased cases and/or deaths per 100,000 included increased GDP per capita, decreased social distancing, increased age, increased percent Black, decreased percent Hispanic, decreased percent Asian, decreased health, increased poverty, increased diabetes, increased coronary heart disease, increased physical inactivity, increased alcohol consumption, increased tobacco use, and decreased access to primary care. Multivariate regression analyses demonstrated Black race is a risk factor for worse COVID-19 outcome independent of comorbidities, poverty, access to health care, and other mitigating factors. Lower daily temperatures was also an independent risk factor in case load but not deaths.ConclusionsU.S. counties with a higher proportion of Black residents are associated with increased COVID-19 cases and deaths. However, the various suggested mechanisms, such as socioeconomic and healthcare predispositions, did not appear to drive the effect of race in our model. Counties with higher average daily temperatures are also associated with decreased COVID-19 cases but not deaths. Several theories are posited to explain these findings, including prevalence of vitamin D deficiency. Additional studies are needed to further understand these effects.

scholarly journals Risk Factors Affecting Decreased Libido Among Middle-Aged to Elderly Men; Nocturnal Voiding is an Independent Risk Factor of Decreased Libido

2021 ◽  
Vol 9 (5) ◽  
pp. 100426
Author(s):  
Kazuyoshi Shigehara ◽  
Yuki Kato ◽  
Masashi Iijima ◽  
Shohei Kawaguchi ◽  
Takahiro Nohara ◽  
...  
Keyword(s):  
Risk Factors ◽  
Risk Factor ◽  
Independent Risk Factor ◽  
Middle Aged ◽  
Elderly Men ◽  
Factors Affecting

Critical risk factors in international construction projects

2020 ◽  
Vol 27 (5) ◽  
pp. 1169-1190 ◽  
Author(s):  
Satish Kumar Viswanathan ◽  
Kumar Neeraj Jha
Keyword(s):  
Risk Factors ◽  
Risk Factor ◽  
Construction Projects ◽  
International Market ◽  
The Body ◽  
Content Type ◽  
Specific Risk Factor ◽  
International Construction ◽  
Specific Risk ◽  
Overall Performance

Purpose International construction projects encompass various risks, and it is essential to evaluate and manage them to achieve project and firms’ success. As approaches to addressing international market risks vary from one country to another, the purpose of this paper is to identify the critical risk factors of embarking on international construction projects according to Indian experiences. Design/methodology/approach After primarily verifying the identified 26 risk variables, a questionnaire survey was conducted to draw upon the views of experts who possess international project experience. The 105 responses were analyzed using univariate and multivariate techniques. An analysis of variance identified the significant variables that influence overall performance on international construction projects, which were then grouped according to underlying relationships using factor analysis to determine the specific risk factors. Furthermore, considering these risk factors as independent variables and overall project performance as a dependent variable, a stepwise regression analysis was carried out to identify relatively critical risk factors. Findings The results revealed that of the identified four risk factors, the project-specific risk factor emerged as the foremost critical risk factor, the economic and market-specific risk factor was the second most critical risk factor, the firm-specific risk factor was the third most critical risk factor and the political-specific risk factor was the least critical risk factor. These findings were also validated appropriately. Research limitations/implications This study was limited to the data acquired from Indian construction firms, predominantly consultants and contractors. Though the survey respondents possessed adequate familiarity in international construction, commonly perceived limitations in self-reported surveys such as the lack of conscientious responses and reporting bias were not an exception in this research. Practical implications The risk factors and their criticality – as identified in this study – can aid the multinational firms and international aspirants to prioritize the critical aspects and develop a suitable risk mitigation strategy to achieve greater project success in international market. Originality/value By investigating the various risk factors that influence overall performance of international construction projects, this research considerably contributes to the body of knowledge pertaining to international construction risk management that will enable firms from India and similar developing nations to emphasize on critical risk factors.

scholarly journals HUBUNGAN DAN PENGARUH FAKTOR - FAKTOR RISIKO DESIGN AND BUILD TERHADAP KESUKSESAN PROYEK PEMBANGUNAN SEKOLAH PERMANEN DI KABUPATEN PIDIE JAYA DAN BIREUEN

2019 ◽  
Vol 2 (4) ◽  
pp. 351-359
Author(s):  
Faisal Faisal ◽  
Abdullah Abdullah ◽  
Mochammad Afifuddin
Keyword(s):  
Risk Factors ◽  
Construction Projects ◽  
Quantitative Methods ◽  
Project Success ◽  
Public Works ◽  
Dominant Factor ◽  
Construction Technology ◽  
Qualitative And Quantitative Methods ◽  
Planning Ability ◽  
High Level

The earthquake on December 7, 2016 measuring 6.4 on the Richter Scale (SR), which hit the districts of Pidie, Pidie Jaya and Bireuen, has caused fatalities, damage to infrastructure and public facilities. In an effort to accelerate post-disaster rehabilitation and reconstruction, based on INPRES No. 5 of 2017, Aceh Provincial Building and Environmental Management Work Unit of the Ministry of Public Works and Public Housing, carried out the rebuilding of permanent schools using RISHA construction technology with a system of design and build contracts in Pidie Jaya District and Bireuen. This study aims to analyze the relationship and influence of design and build risk factors on the success of permanent school construction projects in Pidie Jaya and Bireuen Districts. This study uses qualitative and quantitative methods. Respondents were directed at 13 planning personnel, 25 implementing personnel, 21 construction management personnel and 13 owner staff. The independent variables in this study are the risk factors of design and build which consist of the owner management ability factor, procurement process, planning ability, implementation ability, project manager's ability, and project scope factors, while the dependent variable is the success of the project. The results of the study show that there is a low level of relationship between the factors of the project manager's ability, a sufficient level of relationships from the factors of implementation ability, procurement processes and project scope factors, a high level of relationship between planning ability factors and management owner's ability factors to project success. All design and build risk factors have a significant effect on project success, which is 68.8%. The dominant factor affecting project success is the project scope factor, with a regression coefficient of 0.162. In this case if the project scope factor is handled properly by all parties involved, then the success of the project will increase by 16.2%.

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