The DOI matches its Crossref record; 9 of the 9 references it cites were found in a registry or an index.
Risk management framework for construction projects in developing countries
Abstract
It is important to manage the multifaceted risks associated with international construction projects, in particular in developing countries, not only to secure work but also to make profit. This research seeks to identify and evaluate these risks and their effective mitigation measures and to develop a risk management framework which the international investors/developers/contractors can adopt when contracting construction work in developing countries. A survey was conducted and twenty‐eight critical risks were identified, categorized into three (country, market and project) hierarchical levels and their criticality evaluated and ranked. For each of the identified risks, practical mitigation measures have also been proposed and evaluated. Almost all mitigation measures have been perceived by the survey respondents as effective. A risk model, named Alien Eyes' Risk Model, which shows the hierarchical levels of the risks and the influence relationship among the risks, is also proposed. Based on the findings, a qualitative risk mitigation framework was finally proposed which will benefit the risk management of construction project in developing countries.
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Cites
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Flanagan, R. (1993) · Medical Entomology and Zoology · Cited by 640
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An analysis of contractors' approaches to risk identification in New South Wales, Australia
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Risk analysis for revenue dependent infrastructure projects
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Cited by
Risk assessment and allocation in the UAE construction industry
El-Sayegh, S. M. (2008) · International Journal of Project Management · doi:10.1016/j.ijproman.2007.07.004 · Cited by 468
Identifying and assessing critical risk factors for BIM projects: Empirical study
Chien, K.-F., Wu, Z.-H., & Huang, S.-C. (2014) · Automation in Construction · doi:10.1016/j.autcon.2014.04.012 · Cited by 317
Eybpoosh, M., Dikmen, I., & Talat Birgonul, M. (2011) · Journal of Construction Engineering and Management · doi:10.1061/(asce)co.1943-7862.0000382 · Cited by 217
Risk paths in international construction projects: Case study from Chinese contractors
Liu, J., Zhao, X., & Yan, P. (2016) · Journal of Construction Engineering and Management · doi:10.1061/(asce)co.1943-7862.0001116 · Cited by 203
The cost performance and causes of overruns in infrastructure development projects in Asia
Andrić, J. M., Mahamadu, A.-M., Wang, J., Zou, P. X. W., & Zhong, R. (2019) · Journal of Civil Engineering and Management · doi:10.3846/jcem.2019.8646 · Cited by 61
Metadata
- Authors
- Wang, S. Q., Dulaimi, M. F., & Aguria, M. Y.
- Venue
- Construction Management and Economics
- Publisher
- Informa UK Limited
- Published
- 2004-03
- Volume
- 22
- Issue
- 3
- Pages
- 237-252
- ISSN
- 0144-6193 (ISSN-L)
- 1466-433X
- OpenAlex
- W2159378616
- Cited by
- 445
- References
- 9
- FWCI
- 5.76
- Type
- journal article
- Language
- en
- Open access
- closed
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Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
