Kamal, A; Abas, M; Khan, D and Azfar, R W (2022) Risk factors influencing the building projects in Pakistan: From perspective of contractors, clients and consultants. International Journal of Construction Management, 22(6), pp. 1141-1157. ISSN 1562-3599
Abstract
Risk management in construction projects is an important process to achieve the project objectives in terms of cost, quality and time. Construction projects faces delays, cost overrun and quality defects due to avoidance of risk factors by contractors, clients and consultants. So the present study aims to investigate the risk factors that influence project objectives namely cost, quality and time of building construction projects in Pakistan from perspective of contractors, clients, and consultants. Risk factors were selected from literature survey and were finalized after consultation with construction experts. A questionnaire survey was prepared and various construction professionals were approached for feedback. Based on feedback of 164 experts, collected data was analysed statistically and were ranked based on relative importance index. As per the survey results, inadequate project management is the most critical factor effecting time performance of construction projects, rework due to error effect cost performance, and poor supervision effect quality of construction projects. Additionally, the study will help in planning and monitoring stages of the projects and shall improve the performance of construction industry of Pakistan.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | cost; Pakistan; quality; risk; time |
| Index terms: | building construction, relative importance index, face, rework, survey, time performance, Pakistan, construction project, questionnaire, cost performance, cost overrun, critical factor, construction professional, monitoring, risk factor, risk management, construction industry, supervision, project management |
| Subjects: | environmental hazards, industry analysis, building construction, project controls, professional development, project management theory and practice, production management, Geography, economics, financial and cost management, operations management, psychology, control systems, data collection methods, risk assessment |
| Topics: | Geographical Context, Project Management, Research Practice, Information Management, Cost Management, Construction Technology, Sustainability, Risk Management, Site Management, Organizational Design, Time Control |
| Descriptive scope: | 5 PCTEA |
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