Constructions Project Management Risks’ Framework

The characteristic and inherent risks in construction projects present key difficulties to stakeholders and project teams. Risk appraisal is a significant step toward potential variables identification and evaluation. In risk assessment, adequate categorization and prioritization aid planning, budge...

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Main Authors:	Ansah, Richard Hannis, Sorooshian, Shahryar, Shariman, Mustafa, Oluyinka, Oludapo Samson
Format:	Article
Language:	English
Published:	Romanian Society for Quality Assurance - SRAC 2017
Subjects:	HD28 Management. Industrial Management
Online Access:	http://umpir.ump.edu.my/id/eprint/19786/ http://umpir.ump.edu.my/id/eprint/19786/ http://umpir.ump.edu.my/id/eprint/19786/1/Constructions%20Project%20Management%20Risks%E2%80%99%20Framework.pdf

id	ump-19786
recordtype	eprints
spelling	ump-197862020-02-21T07:48:47Z http://umpir.ump.edu.my/id/eprint/19786/ Constructions Project Management Risks’ Framework Ansah, Richard Hannis Sorooshian, Shahryar Shariman, Mustafa Oluyinka, Oludapo Samson HD28 Management. Industrial Management The characteristic and inherent risks in construction projects present key difficulties to stakeholders and project teams. Risk appraisal is a significant step toward potential variables identification and evaluation. In risk assessment, adequate categorization and prioritization aid planning, budgeting and management of project related risks. In this paper, an analysis of the risks associated with the delay sources in the internal environment of Malaysian construction projects have been presented based on risk priority number (RPN) to determine the degree of severity, occurrence and detection. Through literature review, eighty one risks under four main delay sources were extracted for further analysis. From the results, the main risks include contractor’s financial problems, poor coordination by the contractor, change orders, client’s financial problems, errors and defective work, poor materials management, poor communication between consultant and contractor, unrealistic contract duration, poor procurement tools and methods, unavailability of materials and labors, ineffective coordination by project managers, poor construction site layout, changes in material types and specification, inaccuracies in estimation and budgeting, delays in approvals, respectively. This study would provide a decision tool for prioritizing and categorizing risks in construction projects to build a realistic and rational resources allocation guide. Romanian Society for Quality Assurance - SRAC 2017 Article PeerReviewed application/pdf en http://umpir.ump.edu.my/id/eprint/19786/1/Constructions%20Project%20Management%20Risks%E2%80%99%20Framework.pdf Ansah, Richard Hannis and Sorooshian, Shahryar and Shariman, Mustafa and Oluyinka, Oludapo Samson (2017) Constructions Project Management Risks’ Framework. Quality - Access to Success, 18 (158). pp. 90-95. ISSN 1582-2559 http://www.srac.ro/calitatea/en/arhiva/2017/2017-03-Abstracts.pdf
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Malaysia Pahang
building	UMP Institutional Repository
collection	Online Access
language	English
topic	HD28 Management. Industrial Management
spellingShingle	HD28 Management. Industrial Management Ansah, Richard Hannis Sorooshian, Shahryar Shariman, Mustafa Oluyinka, Oludapo Samson Constructions Project Management Risks’ Framework
description	The characteristic and inherent risks in construction projects present key difficulties to stakeholders and project teams. Risk appraisal is a significant step toward potential variables identification and evaluation. In risk assessment, adequate categorization and prioritization aid planning, budgeting and management of project related risks. In this paper, an analysis of the risks associated with the delay sources in the internal environment of Malaysian construction projects have been presented based on risk priority number (RPN) to determine the degree of severity, occurrence and detection. Through literature review, eighty one risks under four main delay sources were extracted for further analysis. From the results, the main risks include contractor’s financial problems, poor coordination by the contractor, change orders, client’s financial problems, errors and defective work, poor materials management, poor communication between consultant and contractor, unrealistic contract duration, poor procurement tools and methods, unavailability of materials and labors, ineffective coordination by project managers, poor construction site layout, changes in material types and specification, inaccuracies in estimation and budgeting, delays in approvals, respectively. This study would provide a decision tool for prioritizing and categorizing risks in construction projects to build a realistic and rational resources allocation guide.
format	Article
author	Ansah, Richard Hannis Sorooshian, Shahryar Shariman, Mustafa Oluyinka, Oludapo Samson
author_facet	Ansah, Richard Hannis Sorooshian, Shahryar Shariman, Mustafa Oluyinka, Oludapo Samson
author_sort	Ansah, Richard Hannis
title	Constructions Project Management Risks’ Framework
title_short	Constructions Project Management Risks’ Framework
title_full	Constructions Project Management Risks’ Framework
title_fullStr	Constructions Project Management Risks’ Framework
title_full_unstemmed	Constructions Project Management Risks’ Framework
title_sort	constructions project management risks’ framework
publisher	Romanian Society for Quality Assurance - SRAC
publishDate	2017
url	http://umpir.ump.edu.my/id/eprint/19786/ http://umpir.ump.edu.my/id/eprint/19786/ http://umpir.ump.edu.my/id/eprint/19786/1/Constructions%20Project%20Management%20Risks%E2%80%99%20Framework.pdf
first_indexed	2023-09-18T22:28:23Z
last_indexed	2023-09-18T22:28:23Z
_version_	1777416119827562496

Constructions Project Management Risks’ Framework

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