Harthi, B A A (2015) Risk management in fast-track projects: a study of UAE construction projects. PhD thesis, University of Wolverhampton, UK.
Abstract
This thesis is about risk management in fast-track construction projects. The aim of the study is to identify the risks in the UAE construction industry, understand how they are dealt with, and propose more effective frameworks for risk management in fast-track construction. A mixed method approach was used to fulfil the objectives of the study. 65 questionnaires were distributed to professionals in the construction industry, including contractors, sub-contractors, project managers and private consultants. Their responses were analysed using statistical techniques, and the results taken for discussion to a focus group of eleven experienced construction managers and experts. Secondary data was also collected via literature reviews of print and website articles, and of books and documents from company, government and industry-specific databases. The findings show that risks in construction projects can be internal or external, and that in the UAE, owner- and design-related risks are seen as the most significant. Knowledge about risk management is present, but more needs to be done to eradicate the problems associated with poorly managed fast-track construction projects. Using the suggestion of the focus group, a framework for risk mitigation was developed based on the Alien Eyes' risk and Qualitative Risk Management models. The study discusses the implications of risk management for practitioners and academicians in the construction industry. Poor risk management, which is usually the consequence of inadequate recognition of and/or responsiveness to risks and uncertainties, can have a devastating impact upon projects. It is hoped that practitioners applying the findings and suggestions in this study will see positive change, improved profitability and greater competitive advantage as a result.
| Item Type: | Thesis (Doctoral) |
|---|---|
| Uncontrolled Keywords: | competitive advantage; construction project; government; risk management; focus group |
| Index terms: | risk mitigation, questionnaire, sub-contractor, practitioner, construction manager, documents, construction project, literature review, focus group, construction industry, risk management, profitability, secondary data, database, owner, mixed method, project manager, competitive advantage |
| Subjects: | market analysis, production management, financial risk, economic analysis, practitioner, industry analysis, data management, sociology, professional development, data analysis and analytics, risk assessment, profession, data collection methods |
| Topics: | Risk Management, Project Management, Stakeholder Management, Roles and Professions, Cost Management, Business Strategy, Information Management, Research Practice, Digital Applications |
| 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