Tadayon, M; Jaafar, M and Nasri, E (2012) An assessment of risk identification in large construction projects in Iran. Journal of Construction in Developing Countries, 17(S1), pp. 57-69. ISSN 1823-6499
Abstract
One of the most important issue that a project manager must address in construction project management is risk management. Risk management includes identifying risks, assessing risks either quantitatively or qualitatively, choosing the appropriate method for handling risks, and then monitoring and documenting risks. By identifying risks in an early stage of planning and assessing their relative importance, project managers can identify methods used to reduce risks and allocate the best people to mitigate them. Thus, this research focuses on risk identification, as opposed to other processes of risk management. In Iran, "brain-storming sessions" is the most popular method used frequently to identify the risks in projects as deduced from a questionnaire survey from participants in large construction projects. Time and cost management need to be fully integrated with the identification process. Time constraints and project managers with sufficient experience are critical when identifying the level of risk for large and/or complex projects. The most considerable types of risk in construction projects are financial risks, construction risks, and demand or product risks.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | construction projects; Iran; risk identification; risk management |
| Index terms: | large construction project, relative importance, survey, risk identification, questionnaire, construction project, project manager, cost management, risk management, construction project management, monitoring, complex project |
| Subjects: | financial risk, project management theory and practice, organizational theory, production management, accounting and finance, strategic project management, control systems, profession, risk assessment, data collection methods |
| Topics: | Roles and Professions, Risk Management, Cost Management, Project Management, Research Practice, Site 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