Risk management in Singapore construction joint ventures

Kwon, A H C; Then, D and Skitmore, R M (2000) Risk management in Singapore construction joint ventures. Journal of Construction Research, 1(2), pp. 139-149. ISSN 1609-9451

Abstract

The risks of failure of construction joint ventures (JVs) are high and the financial consequences are expensive. This paper sets out to identify the nature of these risks and the means by which they are managed, through the study of the critical factors that contribute to successful JVs and the risk factors associated with JV operations. The results of a survey of JV participants in Singapore are presented. These indicate the overall risk factors facing contractors, the risk management measures that are felt to be effective, and the critical success factors involved at different stages of the project.

Item Type: Article
Uncontrolled Keywords: critical success factors; joint ventures; project stages; risk management; Singapore
Index terms: critical success factor, survey, risk factor, risk management, joint venture, Singapore, critical factor
Subjects: control systems, data collection methods, risk assessment, business, environmental hazards, Geography
Topics: Sustainability, Risk Management, Project Management, Geographical Context, Research Practice, Business Strategy
Descriptive scope: 3 PCE

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