Hosseini, M R; Chileshe, N; Jepson, J and Arashpour, M (2016) Critical success factors for implementing risk management systems in developing countries. Construction Economics and Building, 16(1), pp. 18-32. ISSN 2204-9029
Abstract
A review of published studies on risk management in developing countries reveals that critical success factors for implementing risk management has remained an under-researched area of investigation. This paper is aimed at investigating the perceptions of construction professionals concerning the critical success factors (CSFs) for implementation of risk management systems (IRMS). Survey data was collected from 87 construction professionals from the Iranian construction industry as a developing country. The results indicate that four factors are regarded as highly critical: 'support from managers', 'inclusion of risk management in construction education and training courses for construction practitioners', 'attempting to deliver projects systematically', and 'awareness and knowledge of the process for implementing risk management'. Assessing the associations among CSFs also highlighted the crucial role of enhancing the effectiveness of knowledge management practices in construction organisations. Study also revealed that parties involved in projects do not agree on the level of importance of CSFs for implementing risk management in developing countries. This study contributes to practice and research in several ways. For practice, it increases understanding of how closely knowledge management is associated with the implementation of risk management systems in developing countries. For research, the findings would encourage construction practitioners to support effective knowledge management as a precursor to higher levels of risk management implementation on construction projects.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | critical success factors; construction industry; developing countries; risk management |
| Index terms: | effectiveness, investigation, risk management, manager, construction organization, construction professional, construction education, developing country, construction project, survey, construction practitioner, knowledge management, construction industry, implementation, critical success factor |
| Subjects: | industry analysis, contractual arrangements, professional education, production management, control systems, practitioner, development economics, professional development, risk assessment, data collection methods, organization, performance management |
| Topics: | International Construction, Quality Management, Education, Information Management, Research Practice, Project Management, Business Strategy, Procurement, Risk Management, Roles and Professions |
| 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