Identification and Management of Risks in Construction Projects

Mohammad Ali Rezvani Befrouei; Mohammad Taghipour

doi:doi:10.11648/j.ajce.20150305.15

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Identification and Management of Risks in Construction Projects

Mohammad Ali Rezvani Befrouei, Mohammad Taghipour

Published in American Journal of Civil Engineering (Volume 3, Issue 5)

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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[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.
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[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”, 6^th 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”, 3^rd international conference of project management, 2007.
[12]	Alfredo Federico Serpella, “Risk management in construction projects: a knowledge-basedapproach”, 27th IPMA World Congress”, 2014: 654.
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[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.

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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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TY  - JOUR
T1  - Identification and Management of Risks in Construction Projects
AU  - Mohammad Ali Rezvani Befrouei
AU  - Mohammad Taghipour
Y1  - 2015/10/30
PY  - 2015
N1  - https://doi.org/10.11648/j.ajce.20150305.15
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
SP  - 170
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

Mohammad Ali Rezvani Befrouei

Department of Civil Engineering, Non-profit Institution of Highe
Mohammad Taghipour

Research Assistant of Non-profit Institution of Higher Education

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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

Copy | Download

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}
}

Copy | Download

TY  - JOUR
T1  - Identification and Management of Risks in Construction Projects
AU  - Mohammad Ali Rezvani Befrouei
AU  - Mohammad Taghipour
Y1  - 2015/10/30
PY  - 2015
N1  - https://doi.org/10.11648/j.ajce.20150305.15
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
SP  - 170
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  -

Copy | Download