Risk management framework for construction projects in developing countries
Wang, S.
Risk management framework for construction projects in developing countries - 2004 - Construction Management and Economics 22(3) March 2004, 237-252(16) .
Research seeking to identify and evaluate risks and their effective mitigation measures and to develop a risk management framework, which the international investors, developers and contractors can adopt when contracting construction work in developing countries. A survey was conducted and 28 critical risks identified, categorised into hierarchical levels and their criticality evaluated and ranked. For each of the identified risks, practical mitigation measures have also been proposed and evaluated. Almost all mitigation measures have been perceived by the survey respondents as effective. A risk model, named Alien Eyes' Risk Model, which shows the hierarchical levels of the risks and the influence relationship among the risks, is also proposed. Diagrams, tables and references. [Taken from journal abstract].
RISK MANAGEMENT
DEVELOPING COUNTRIES
RISK IDENTIFICATION
INTERNATIONAL CONSTRUCTION
Risk management framework for construction projects in developing countries - 2004 - Construction Management and Economics 22(3) March 2004, 237-252(16) .
Research seeking to identify and evaluate risks and their effective mitigation measures and to develop a risk management framework, which the international investors, developers and contractors can adopt when contracting construction work in developing countries. A survey was conducted and 28 critical risks identified, categorised into hierarchical levels and their criticality evaluated and ranked. For each of the identified risks, practical mitigation measures have also been proposed and evaluated. Almost all mitigation measures have been perceived by the survey respondents as effective. A risk model, named Alien Eyes' Risk Model, which shows the hierarchical levels of the risks and the influence relationship among the risks, is also proposed. Diagrams, tables and references. [Taken from journal abstract].
RISK MANAGEMENT
DEVELOPING COUNTRIES
RISK IDENTIFICATION
INTERNATIONAL CONSTRUCTION