Perera, B A K S; Rameezdeen, R; Chileshe, N and Reza Hosseini, M (2014) Enhancing the effectiveness of risk management practices in Sri Lankan road construction projects: A Delphi approach. International Journal of Construction Management, 14(1), pp. 1-14. ISSN 1562-3599
Abstract
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 of the parties involved in projects in terms of handling the identified risks. A Delphi study was conducted among 33 Sri Lankan experts (consultants, project managers, contractors) in three rounds. The findings showed that the construction and design phases are prone to many major risks. Moreover, 'delays in payment by the client' was the most critical risk factor in the construction stage. Furthermore, it was established that some major risks could occur in more than one phase of the project life cycle, stressing the necessity of handling these risk factors as a prerequisite for project success. The discussions presented in this study would enhance the effectiveness of implementing risk management practices in Sri Lankan road construction projects. From a broader vantage point, it will also serve the risk management body of knowledge in the construction industry.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Delphi study; risk management; road projects; Sri Lanka |
| Index terms: | Delphi method, project manager, project success, life cycle, risk management, road construction, design phase, risk factor, Sri Lanka, effectiveness, construction industry, road project, body of knowledge |
| Subjects: | data collection methods, profession, risk assessment, value management, professional practice, knowledge management, civil engineering, performance management, infrastructure engineering, project management theory and practice, Geography, environmental hazards, industry analysis |
| Topics: | Sustainability, Risk Management, Roles and Professions, Research Practice, Project Management, Geographical Context, Engineering Principles, Information Management, Quality Management, Design Practice |
| Descriptive scope: | 4 PCTE |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here