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Identification and Management of Risks in Construction Projects

Received: 25 September 2015     Accepted: 4 October 2015     Published: 30 October 2015
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Abstract

Today, risk management in construction projects is considered to be a very important managerial process for achievement of project’s objectives in terms of time, costs, quality, safety, and environmental sustainability. Instead of employing a systematic approach for identification of risks, their probability and their effects, most of the studies conducted in this area have focused only on a few aspects of risk management in construction project. However, the present study aims to identify and analyze the risks associated with development of construction in the greater city of Tehran, employing a comprehensive approach that is consisted of five aspects. In order to conduct this descriptive-analytical research, after studying, identification and categorization of different types of risks and preparing a relevant questionnaire, a number of 52 active construction companies from different areas have been randomly selected to be questioned about the impact of those risks on construction projects. After the collection and observation of the data, the output was examined by Pearson correlation also, using charts and tables. The results indicated that “tight project schedule” – present in all five categories- imposed the maximum risk. Also “design variations”, “excessive approval procedures in administrative government departments” and “unsuitable construction program planning” were identified as next high risk factors.

Published in American Journal of Civil Engineering (Volume 3, Issue 5)
DOI 10.11648/j.ajce.20150305.15
Page(s) 170-177
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2015. Published by Science Publishing Group

Keywords

Risk, Risk Management, Construction Projects

References
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[2] Ahmadi-jazzi R, “a study of the causes of delay in construction projects in Iran and its solutions”, M.A thesis, Iran’s science and technology university, 2006.
[3] “What is risk management”, website of Iran’s I.T. professional forum www.itpro.ir/.
[4] “Analytical report on the causes and solutions of construction projects’ costs increase”, organization of budget and programming.
[5] Savadkoohi F, “crisis management in urban-construction projects”, 2007.
[6] Shakeri E, Ghorbani A, “value engineering and management of conflicts and dispute in construction projects”,2n international conference of value engineering, 2005.
[7] Shakeri E, Ghorbani A, “project management and identification of the main claims and disputes of contractors”, 2n international conference of value engineering, 2005.
[8] Sehat S, Alavi S.S, “the necessity of application of risk management to third party insurance, and the impact of new third party insurance laws on the related risks”, Journal of Insurance world news No.144 & 145, 2010.
[9] Abbasnia R, Moradisangi V, “quality costs in construction projects”, 6th international conference of project management, 2010
[10] Vatankhah R, “a study of the causes of delay in construction projects of schools renewal organization”, M.A thesis, Tarbiat Modarres university, 2003.
[11] Harischian M, Moshtaridoost T, Rahimi-Aloughare I, “application of comprehensive quality management in improvement of construction projects’ performance quality”, 3rd international conference of project management, 2007.
[12] Alfredo Federico Serpella, “Risk management in construction projects: a knowledge-basedapproach”, 27th IPMA World Congress”, 2014: 654.
[13] Cesarini, George; Hall, Geoffrey and Kupiec, Matthew; “Building a proactive safety culture in the construction industry”, ACE USA, 2013.
[14] Kai Way LI and Cheng-Lung LEE, “Postural Analysis of Four Jobs on Two Building Construction Sites: an Experience of Using the OWAS Method in Taiwan”, Journal of Occupational Health”, 1999.
[15] N. Jaffar*, A. H. Abdul-Tharim, I. F. Mohd-Kamar, N. S. Lop, “A Literature Review of Ergonomics Risk Factors inConstruction Industry”,Universiti Teknologi MARA Perak, Seri Iskandar, 32610 Perak, Malaysia, 2011.
[16] Marras W.S & Karwowski W. Interventions, Controls, and Applications in Occupational Ergonomics. “The Occupational Ergonomics Handbook (2nd Edition) Taylor&Francis”, London, 2006.
[17] Mansfield, N. /Ugwu,O./Doran, T.," Causes of delay and cost overruns in Nigerian constructionptojects "International Journal of project management, 12 p. 254-260, nov1994.
[18] Mezher, Toufic / Jamali, Dima / Zreik, Carine, article, " The role of financial institutions in thesustainable development of Lebanon " May 2002.
Cite This Article
  • APA Style

    Mohammad Ali Rezvani Befrouei, Mohammad Taghipour. (2015). Identification and Management of Risks in Construction Projects. American Journal of Civil Engineering, 3(5), 170-177. https://doi.org/10.11648/j.ajce.20150305.15

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    ACS Style

    Mohammad Ali Rezvani Befrouei; Mohammad Taghipour. Identification and Management of Risks in Construction Projects. Am. J. Civ. Eng. 2015, 3(5), 170-177. doi: 10.11648/j.ajce.20150305.15

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    AMA Style

    Mohammad Ali Rezvani Befrouei, Mohammad Taghipour. Identification and Management of Risks in Construction Projects. Am J Civ Eng. 2015;3(5):170-177. doi: 10.11648/j.ajce.20150305.15

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  • @article{10.11648/j.ajce.20150305.15,
      author = {Mohammad Ali Rezvani Befrouei and Mohammad Taghipour},
      title = {Identification and Management of Risks in Construction Projects},
      journal = {American Journal of Civil Engineering},
      volume = {3},
      number = {5},
      pages = {170-177},
      doi = {10.11648/j.ajce.20150305.15},
      url = {https://doi.org/10.11648/j.ajce.20150305.15},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ajce.20150305.15},
      abstract = {Today, risk management in construction projects is considered to be a very important managerial process for achievement of project’s objectives in terms of time, costs, quality, safety, and environmental sustainability. Instead of employing a systematic approach for identification of risks, their probability and their effects, most of the studies conducted in this area have focused only on a few aspects of risk management in construction project. However, the present study aims to identify and analyze the risks associated with development of construction in the greater city of Tehran, employing a comprehensive approach that is consisted of five aspects. In order to conduct this descriptive-analytical research, after studying, identification and categorization of different types of risks and preparing a relevant questionnaire, a number of 52 active construction companies from different areas have been randomly selected to be questioned about the impact of those risks on construction projects. After the collection and observation of the data, the output was examined by Pearson correlation also, using charts and tables. The results indicated that “tight project schedule” – present in all five categories- imposed the maximum risk. Also “design variations”, “excessive approval procedures in administrative government departments” and “unsuitable construction program planning” were identified as next high risk factors.},
     year = {2015}
    }
    

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    T1  - Identification and Management of Risks in Construction Projects
    AU  - Mohammad Ali Rezvani Befrouei
    AU  - Mohammad Taghipour
    Y1  - 2015/10/30
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    DO  - 10.11648/j.ajce.20150305.15
    T2  - American Journal of Civil Engineering
    JF  - American Journal of Civil Engineering
    JO  - American Journal of Civil Engineering
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    EP  - 177
    PB  - Science Publishing Group
    SN  - 2330-8737
    UR  - https://doi.org/10.11648/j.ajce.20150305.15
    AB  - Today, risk management in construction projects is considered to be a very important managerial process for achievement of project’s objectives in terms of time, costs, quality, safety, and environmental sustainability. Instead of employing a systematic approach for identification of risks, their probability and their effects, most of the studies conducted in this area have focused only on a few aspects of risk management in construction project. However, the present study aims to identify and analyze the risks associated with development of construction in the greater city of Tehran, employing a comprehensive approach that is consisted of five aspects. In order to conduct this descriptive-analytical research, after studying, identification and categorization of different types of risks and preparing a relevant questionnaire, a number of 52 active construction companies from different areas have been randomly selected to be questioned about the impact of those risks on construction projects. After the collection and observation of the data, the output was examined by Pearson correlation also, using charts and tables. The results indicated that “tight project schedule” – present in all five categories- imposed the maximum risk. Also “design variations”, “excessive approval procedures in administrative government departments” and “unsuitable construction program planning” were identified as next high risk factors.
    VL  - 3
    IS  - 5
    ER  - 

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Author Information
  • Department of Civil Engineering, Non-profit Institution of Highe

  • Research Assistant of Non-profit Institution of Higher Education

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