A review of risk management process in construction projects of developing countries

Bahamid, R. A.; Doh, Shu Ing

doi:10.1088/1757-899x/271/1/012042

Cited by 47 publications

(37 citation statements)

References 32 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…A number of definitions can be found in the literature, for example, Bahamid & Doh (2017) explains the essence of this concept: The risk management process involves the systematic application of management policies, processes and procedures for contextual tasks, identification, analysis, evaluation, treatment, monitoring and risk communication (Bahamid & Doh, 2017). Bazin (2017) described the Risk Management Process (RMP) is the important principle of risk assessment and risk management in the project.…”

Section: The Concept Of Risk Managementmentioning

confidence: 99%

The Impact of Risk Management Practices on the Performance of Construction Projects

Alsaadi¹,

Norhayatizakuan²

2021

EEA

View full text Add to dashboard Cite

Construction performance and risk management has been widely discussed in the literature from various perspectives. The main objective of performing risk management in construction industry is to ensure timely delivery of good construction within sepecific budget. However, the failure of many construction projects in meeting deadlines, cost and quality targets is continuously on the rise and there are signs of accentuating year after year suffering significant financial losses of construciton works in Oman. Therefore, there is a need for empirical evidences to explain the relationship between risk management and project performance. This study applied quantitative methods to examine this relationship. Construciton companies from grade excellent to grade second in Oman haven included in the survey. The result revealed that practicing risk managementimprove the performance of construciton project significantly. Based on this result it is essential to hire qualified project managers who has sufficient knowledge in risk managmeent and its main activities.

show abstract

Section: The Concept Of Risk Managementmentioning

confidence: 99%

The Impact of Risk Management Practices on the Performance of Construction Projects

Alsaadi¹,

Norhayatizakuan²

2021

EEA

View full text Add to dashboard Cite

show abstract

“…According to [9], there are three stages in the methods of managing risk in the construction industry a) risk identification; b) risk analysis and evaluation; and c) risk response.…”

Section: Risk Managementmentioning

confidence: 99%

Risk Management of Construction in Sudan

Ali

Ahmed

2021

FJES

View full text Add to dashboard Cite

This paper aims to study the humanitarian risks in construction projects that affect the objectives of the project from time, cost and quality, and to identify, analyze and develop the appropriate strategy, monitor and control and specifically the risk of factors affecting construction projects. A questionnaire was designed to collect data and identify risks in construction projects and then distributed to several public and private sector companies registered with the Organizing Council for engineering works contractors in Sudan, and after the risks facing the construction projects were identified through the questionnaire and telephone interviews with The engineers and managers of these companies, these risks were analyzed by Google Form. The results of the questionnaire showed that inflation, increased prices of materials in the market, weak site management, delayed payments from the contractor and awarding the design to unqualified designers, that is the most important factors affecting the objectives of construction projects in Sudan, and the contractor is the most vulnerable among the parties to the project.

show abstract

“…Upravljanje rizikom može se definisati kao organizovan i sveobuhvatan metod usmeren ka analizi, identifikaciji i reagovanju u odnosu na faktore rizika kako bi se postigli zacrtani ciljevi [3]. Takođe, upravljanje rizikom se smatra za jednu od najuspešnijih inženjerskih metodologija za rešavanje problema, smanjenja troškova i poboljšanja performansi.…”

Section: Svrha Kombinovanja Inženjeringa Vrednosti I Upravljanja Rizikomunclassified

Integral approach to risk analysis and value engineering

Anđelić¹,

Rakićević²,

Nikolic³

2020

Tehnika

View full text Add to dashboard Cite

Analiza i inženjering vrednosti sa jedne strane i analiza rizika sa druge strane predstavljaju dva veoma značajna pristupa čija primena nailazi na široku prihvaćenost u različitim naučnim oblastima. U ovom radu biće izložene mogućnosti kombinovanja ove dve metodologije, zarad obuhvatnijeg pristupa prilikom rešavanja poslovnih problema. Sagledavanjem koncepta i načela na kojima se zasnivaju ovi pristupi uočava se mogućnost njihove integracije u realizaciji projekata. Široke mogućnosti kombinovanja metoda ove dve oblasti biće prikazane na primeru kombinovanja FAST i FMEA metode, gde je prikazano kako se za neznatno povećanje vremena mogu postići benefiti obe ove metode, na primeru iz automobilske industrije, konkretno na primeru ručice za vrata automobila.

show abstract

A review of risk management process in construction projects of developing countries

Cited by 47 publications

References 32 publications

The Impact of Risk Management Practices on the Performance of Construction Projects

The Impact of Risk Management Practices on the Performance of Construction Projects

Risk Management of Construction in Sudan

Integral approach to risk analysis and value engineering

Contact Info

Product

Resources

About