Corpus ID: 6534887

Identifying Key Risks in Construction Projects : Life Cycle and Stakeholder Perspectives

@inproceedings{Zou2006IdentifyingKR,
  title={Identifying Key Risks in Construction Projects : Life Cycle and Stakeholder Perspectives},
  author={P. Zou and Guomin Zhang and Jiayuan Wang},
  year={2006}
}
Managing risks in construction projects has been recognised as a very important management process in order to achieve the project objectives in terms of time, cost, quality, safety and environmental sustainability. However, until now most research has focused on some aspects of construction risk management rather than using a systematic and holistic approach to identify risks and analyse the likelihood of occurrence and impacts of these risks. This paper aims to identify and analyse the risks… Expand

Figures and Tables from this paper

CONSTRUCTION STAKEHOLDERS’ PERSPECTIVE ON EXTERNAL RELATED RISK FACTORS INFLUENCING CONSTRUCTION PROJECT PERFORMANCE
Abstract The construction industry is extremely complex, with dynamic project environments creating an atmosphere of high uncertainty and risk. For that reason, risks in construction project haveExpand
A STUDY FOR SIGNIFICANT RISKS AND THEIR EFFECTS ON CONSTRUCTION PROJECTS IN ERBIL CITY
To accomplish a construction project successfully, it is important to manage the risk in terms of cost, time, and quality. Risks always exist in construction projects and often cause schedule delayExpand
CONSIDERING THE INTEGRATED VALUE ENGINEERING AND RISK MANAGEMENT TECHNIQUES DURING THE DESIGN PHASE IN CONSTRUCTION PROJECTS - ITS IMPLICATIONS TO PROJECT OBJECTIVES (A Case Study on Certain Irrigation Projects, North Sulawesi Province)
In encouraging of the success of irrigation projects, the implementation of value engineering technique as well as managing risks as recognized and as important in management process has been placedExpand
Enhancing the effectiveness of risk management practices in Sri Lankan road construction projects: A Delphi approach
The purpose of this study was twofold: (1) Identifying the risks that are critical for risk management of road construction projects in Sri Lanka on a life cycle basis and (2) defining the shares ofExpand
Risk Management Practices in a Construction Project - a case study
Risk management is a concept which becomes very popular in a number of businesses. Many companies often establish a risk management procedure in their projects for improving the performance andExpand
Assessment of Construction Project «Pure» Risks
Construction industry has many drivers. The main one is investments. The bigger investment is the more importance takes the assessment of construction production. The investor makes the decision toExpand
Quantity Surveyors’ Perception of Risk Management Techniques in Construction Projects
The duties of Quantity surveyors, who are the construction economists is to support cost-effective of construction spanning through the pre-construction stage to post-construction stage of projects.Expand
A Life-Cycle Framework for Managing Risks in Public Private Partnership Housing Projects
Abstract Public private partnership projects have been adjudged to contain more risks than traditionally procured projects due to more number of parties involved and their varying interests. TheseExpand
Importance of Knowledge Areas on Material Management and its Influence over Project Life Cycle
In Construction projects worldwide, nearly 50-60% of the project cost is estimated for materials involved in the project. This shows the importance of material management in construction industry.Expand
IDENTIFYING KEY RISKS IN BUILDING PERFORMANCE
Successful development project is crucial to all project stakeholders. Meeting the dateline to complete a project will be an added advantage for both the developer and the owner. As projectExpand
...
1
2
3
4
5
...

References

SHOWING 1-10 OF 24 REFERENCES
The controlling influences on effective risk identification and assessment for construction design management
Abstract Project risk management (PRM) can provide a decisive competitive advantage to building sponsors. For those sponsors who take risks consciously, anticipate adverse changes, protect themselvesExpand
Project risk action management
This paper examines the requirements for project risk action management techniques which can assist clients and project managers to assess and pre-empt potential sources of risk. These sources may beExpand
Risk management for overseas construction projects
Abstract Contracting overseas construction projects is usually considered a ‘high risk business’, mostly because of a lack of adequate overseas environmental information and overseas constructionExpand
Risk management in the conceptual phase of a project
Abstract This paper sets out the results of a study into the use of risk management in the conceptual phase of the construction project development cycle in the Australian construction industry. TheExpand
Risk analysis and management in construction
Abstract The paper describes, on the basis of a questionnaire survey of general contractors and project management practices, the construction industry's perception of risk associated with itsExpand
Risk-management perspective on the project lifecycle
Shortcomings in the project-management process can be major sources of project risk. The paper highlights these sources of risk and places them in the project lifecycle. The project lifecycle isExpand
Managing Construction Risks
Construction is a process governed by complicated contracts and involving complex relationships in several tiers, and there are many risks involved in construction projects. Generally, there areExpand
Identifying elements of poor construction safety management in China
Construction is one of the most hazardous industries due to its unique nature. Measured by international standards, construction site safety records in China are poor. This paper aims to examine theExpand
Risk management trends in the Hong Kong construction industry: a comparison of contractors and owners perceptions
This paper reports a study carried out to compare the attitudes and perceptions of Hong Kong construction contractors and owners on the importance of various construction risks and also how the risksExpand
Project risk management in Hong Kong
Abstract This paper identifies what practitioners in Hong Kong consider to be the most serious project delay risks and the effective actions for managing these risks. Practitioners' risk managementExpand
...
1
2
3
...