Siraj, N B and Fayek, A R (2019) Risk identification and common risks in construction: Literature review and content analysis. Journal of Construction Engineering and Management, 145(9): 03119004, ISSN 0733-9364
Abstract
This paper examines common risk identification tools and techniques, risk classification methods, and common risks for construction projects. A systematic review and detailed content analysis of 130 selected articles from well-regarded and relevant academic journals published over the last three decades was conducted. The findings of the content analysis showed that the majority of the selected articles identified risks for construction projects - mainly infrastructure projects - in Asia and Europe, and in most cases the identified risks were either classified based on their nature or listed without any categorization. For identifying risks, combinations of different information-gathering techniques were predominantly used in the selected articles, whereas diagramming and analysis-based techniques were seldom used. The most frequently identified risks were unpredicted change of inflation rate; design errors and poor engineering; and changes in government laws, regulations, and policies affecting the project. This paper addresses the lack of a systematic review and content analysis of published articles related to risk identification, and it provides researchers and industry practitioners with data on the most common risks affecting construction projects.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | construction; content analysis; risk classification; risk identification; risk management |
| Index terms: | journal, risk identification, inflation, systematic literature review, content analysis, regulation, Asia, design error, risk management, literature review, practitioner, construction project, Europe, infrastructure project |
| Subjects: | professional practice, data analysis and analytics, financial risk, political science, risk assessment, regions and continents, practitioner, economic analysis, research dissemination and communication, research evaluation and metrics, physical geography and landforms, infrastructure and transport systems, production management |
| Topics: | Business Strategy, Geographical Context, Governance, Risk Management, Engineering Principles, Design Practice, Roles and Professions, Project Management, Research Practice, Cost Management |
| Descriptive scope: | 4 PCEA |
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