Dissertations / Theses: 'Construction industry – Risk management – Swaziland'

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Bonander, Johan, and Hampus Ulriksson. "Risk Management in Residential Construction – An analysis of the risk management process of a Swedish construction company." Thesis, KTH, Fastigheter och byggande, 2016. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-190211.

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Risk can be described as the absence of information when a decision is to be made at any time throughout a process. The construction industry is often considered as complex and defragmented due to working in a project based format; with a unique product and a process where there are times when decisions need to be made with insufficient information. Therefore, proper risk management processes can be vital to minimizing risks, maximizing opportunities and securing a successful project process. This master thesis has been conducted at a large Swedish construction company that houses both a constructing unit and a residential development unit. Consequently, the focus of this thesis has been on analyzing the risk management process when a residential project is both developed and constructed by the same company. The purpose of this master thesis is to describe and analyze risk management in a project based organization within the construction industry. The thesis aims to provide a better understanding of how risk management is used in practice but also what underlying factors that can affect risk management processes. The study will include both the perspective of the developer and the constructor; as well as their separate and joint processes facilitating risk management. In regards to the purpose of this thesis, a general risk management model has been used to provide a framework for analysis. This model consists of four steps: risk identification, risk assessment, risk mitigation and risk monitoring. The results from this study indicate that risk management within residential construction heavily depends on the personal knowledge and experience of project members. In turn, this creates discrepancies between how risk management is described in internal documents and how it is utilized in practice. Furthermore, it was found that risk management is considered an important part of the overall project process. However, opinions varied to what extent risk management was actually applied in projects. A reason for this could be that there is no joint understanding within the company of what processes are considered as part of risk management – thus, project members sometimes practice risk management without being aware of it.
Risk kan definieras som avsaknaden av information när ett beslut måste tas, vid något tillfälle, under en pågående process. Byggindustrin anses ofta vara en komplex och splittrad bransch då man arbetar i projektformat och med en komplicerad slutprodukt, vilket skapar otaliga tillfällen när beslut måste fattas med otillräcklig information. Därför är en väl fungerande riskhanteringsprocess viktig för att minimera risker, maximera möjligheter och säkerställa lyckade projekt. Detta examensarbete har genomförts på ett av de större svenska byggbolagen som har både bostadsutveckling och entreprenad inom den egna verksamheten. Därmed kommer detta examensarbete att fokusera på riskhanteringsprocessen inom bostadsbyggande då ett och samma företag agerar som både beställare och byggare. Syftet med detta examensarbete är att beskriva och analysera riskhanteringsprocessen inom ett projektbaserat företag i byggbranschen. Uppsatsen har som mål att skapa en bättre förståelse för hur riskhantering används i praktiken, samt för de underliggande faktorer som påverkar riskhantering. Studien kommer att inkludera både beställarens och byggarens perspektiv, samt deras respektive, och gemensamma, processer i relation till riskhantering. Med hänseende till studiens syfte har en generell modell för riskhantering använts för att ge ett ramverk till analysen. Denna modell består av fyra steg: riskidentifiering, riskvärdering, riskhantering och riskuppföljning. Studien visar på att riskhantering inom bostadsbyggande till stor del grundar sig på projektmedlemmarnas personliga kunskap och erfarenhet. Detta leder till att det finns skillnader mellan den avsedda processen för riskhantering och hur riskhanteringsarbetet faktiskt genomförs. Vidare fann studien att riskhantering ansågs vara en viktig del av projektprocessen i sin helhet. Trots detta varierade åsikter kring hur riskhantering faktiskt genomfördes i projekt. En anledning till detta kan vara att det inte finns någon gemensam syn på vilka processer som faktiskt ingår i riskhanteringsarbetet – detta innebär i sin tur att projektmedlemmar ibland bedriver riskhantering utan att vara medvetna om det.

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Shen, Li Yin. "Application of risk management to the Chinese construction industry." Thesis, University of Reading, 1990. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.335712.

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Ye, Xun. "Evaluation of risk factors of Macau public construction projects." Thesis, University of Macau, 2018. http://umaclib3.umac.mo/record=b3950670.

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Turac, Jannis. "Risks with construction project risk management : An insight into how professionals within the construction industry manage risk." Thesis, KTH, Ledning och organisering i byggande och förvaltning, 2020. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-277014.

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In one of the largest and most important industries in Sweden, the construction industry, the success of the projects can be closely related to how uncertainties of outcomes or risk are managed. For a construction project to be successful, different individuals and organizations need to provide their knowledge and experience to fulfill the project scope. Risk is something that, if properly managed, will make the project achieve and perhaps surpass these goals and if not, make the project underperform. There exist frameworks for how risk should be managed and also theories for how past experience influence future decisions. How risk within construction projects are managed is related to the experience of the team members as well as top management’s insight in the risk management process. Through a qualitative approach, based on literature as well as interviews, this master thesis provides an insight into how the key project participants are managing risk. Further, this study examines possible shortcomings with risk management practices and proposes management strategies for these. In this study, consultants working with both developers and contractors have been included to share their view. The results of this study show that current risk management practices deviate from the practice proposed within research and industry related literature. This makes the construction projects to rely heavily on individual’s knowledge and there is a risk that lessons learned will not be spread within the organization or the society. Further, risk and opportunities are often managed within the same framework which does not provide for risk to be managed accordingly and opportunities to be exploited. It is proposed that professionals within the industry have a risk propensity that is rather unchanged by gaining more experience but there exists a shift in how risk is perceived. These findings are closely related to how much insight top management within the organization have. Today, most efforts are concentrated on how the project is performing in relation to the budget and schedule which makes risk management a reactive rather than a proactive measure.
I en av Sveriges största och viktigaste branscher, byggbranschen, kan byggprojektens resultat vara nära relaterat till hur osäkerheter samt risk hanteras. För att ett byggprojekt ska bli framgångsrikt måste alla inblandande parter bidra med sina kunskaper och erfarenheter för att uppfylla projektets mål. Risk är någonting som genom en bra hantering antingen kan överträffa dessa mål eller istället göra att projektet misslyckas att nå dessa. Det finns ramverk för hur risker ska hanteras samt teorier för hur tidigare erfarenheter påverkar framtida beslut. Hur risker inom byggprojekt hanteras är relaterat till projektgruppernas erfarenhet samt företagsledningens insyn i riskhanteringsprocessen. Genom en kvalitativ studie baserad på såväl litteratur som intervjuer ger denna masteruppsats en inblick i hur de viktigaste projektdeltagarna hanterar risk. Vidare undersöker denna uppsats även vilka risker själva riskhanteringsprocessen har samt föreslår åtgärder för dessa. I denna studie har konsulter med erfarenheter av att arbeta med både beställare och byggentreprenörer inkluderats för att få en så bred syn som möjligt på hanteringen från de olika parterna. Resultatet av denna studie visar att den nuvarande riskhanteringsprocessen inom flera av organisationerna avviker från den modell som förespråkas av forskning och branschorganisationer. Detta gör att organisationerna ofta förlitar sig på individernas kunskap och att lärdomar sprids dåligt inom organisationen och samhället. Vidare så hanteras risker och möjligheter ofta på samma sätt vilket innebär att risker inte hanteras rätt och möjligheter utnyttjas inte. Dessutom verkar yrkesverksamma inom branschen ha en riskbenägenhet som är relativt oförändrad av erfarenhet men deras uppfattning av risk förskjuts. Resultaten är nära relaterade till hur stor insyn och delaktighet organisationernas ledning har i själva riskhanteringsprocessen. Idag handlar det mycket om att ledningen har en reaktiv inställning till risker, efter att dessa fallit ut, istället för att ta till proaktiva åtgärder.

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Rahman, Md Motiar. "Revitalising construction project procurement through joint risk management." Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 2003. http://hub.hku.hk/bib/B31244695.

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Sumer, Tuba Pelin. "Integrated Risk Management Applications In Offshore Windfarm Construction." Master's thesis, METU, 2011. http://etd.lib.metu.edu.tr/upload/12613730/index.pdf.

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This thesis is motivated by a construction company whose main business operation is foundation installations of offshore wind farm projects. Steel is the main input for most of the foundations. This construction company is confronted with price risk when involved in the procurement part of the foundations. The company receives a fixed payment for the project while paying variable raw material costs which depend on the steel spot price on the procurement date. The construction company should use financial markets to eliminate the price risk. However, in most wind farm projects, the steel requirement of a foundation is not known in advance, i.e., there is also a quantity risk. Therefore, it is not possible to completely eliminate the associated risk. In this thesis we analyze the hedging decisions of a value maximizing construction company confronted with both price and quantity risks under the presence of capital market imperfections.

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Yan, Changjun. "Risk management strategy of construction projects in China." Thesis, University of Bedfordshire, 2006. http://hdl.handle.net/10547/338912.

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Embarking on a construction project means taking a risk. Project risk management (PRM) provides an effective approach to improve decision making and minimise project risk. Project risks may not possess the same level of significance for different countries, markets and projects. Current research on PRM in China has been rather theoretical, addressing technology issues. Considering the current practice in the Chinese construction industry (CCl), the PRM needs understanding and support from the industry and a mature market environment. This research aims to establish PRM strategies for identifying and adopting the best practice to provide practical guidelines for the CCl, thus improving the PRM, motivating the reform of the Chinese construction market, and enabling the CCl to function in the competitive environment of globalisation. An extensive literature review and a number of case studies for construction projects in China have been conducted, addressing issues closely related to the research. A systematic analysis is employed and developed for project planning and decision making. Contractual risks are considered as the first step and catalyst for improving the PRM in the CCl. Built on the findings from the case studies and analysis, the research puts forward a framework of contractual risk management to study the concept, identification and classification of contractual risks. Contract interfaces are analysed for contractual risk management under various project procurement routes (PPRs). The potentially large improvements to the PRM and reform of the Chinese construction market from the introduction and application of innovative PPRs and their contractual conditions are addressed. Two mathematical models -a probabilistic analysis model and an effective information entropy model for key contractual risks -are presented. The validity and applicability of the models are demonstrated with sample data for the CCl. Detailed recommendations and guidelines for the implementation of the proposed strategies are suggested.

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Nketekete, Molefi. "Risk management practices on public sector construction projects: Case studies in Lesotho." Thesis, Nelson Mandela Metropolitan University, 2016. http://hdl.handle.net/10948/11228.

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Risk management (RM) is a knowledge area in project management (PM). The challenges of project complexity require astute RM. However, RM practices in Lesotho appear to lag behind international trends. Within the sub-Sahara African region, RM incompetence affects timely delivery of public projects owing to PM practices that do not address risks. This study, which adopts a case study approach, unravels the „how and why‟ of contemporary RM practices which are lacking in Lesotho, despite a poor record of project success in the construction industry. Through the reviewed literature and primary data collection, this study investigates three elements in order to determine the level of RM practice within Lesotho public sector construction projects. These elements were the basis of RM, the RM processes, and the peoples‟ perceptions which were essentially centred on the probability of risk and the impact thereof. The results from the study achieved through cross-case synthesis show that the level of RM practice in the Lesotho public sector construction projects is at variance with international practice. The notable gaps in practice include construction professionals who do not know about or who have not practiced project RM. The study thus propose that the Government of Lesotho (GoL) should invest in educating more people in the areas of construction project management or engage professionals with extensive project RM experience. The recommended initiatives should promote professionalism and accountability that are essential for bracing the RM practice in public sector construction projects.

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Cook, Iain Murray. "Risk analysis and management systems in South African construction project management practices." Thesis, Nelson Mandela Metropolitan University, 2016. http://hdl.handle.net/10948/3469.

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Risk management (RM) should be seen as one of the most important functions in the South African built environment. Without the effective management of the risks associated with the industry, the noble vision of a sector that is efficient, profitable, and sustainable cannot be achieved. By embracing tried and tested policies that successfully mitigate risk, industry stakeholders will achieve many project successes, and will outlast any competitors that choose to ignore, or are ignorant of the fact, that the negative impact risk has on projects is inversely proportional to the level of RM employed. Construction Project Management (CPM) practices, realising that there are excellent business opportunities across South Africa’s borders, and faced with a competitive South African market, are engaging with developers and government entities involved in cross border projects in the hope of securing these potentially lucrative African projects. With this move into Africa comes increased uncertainty and risk for these CPM practices, and other project stakeholders. Similarly, CPM practices that have made the strategic decision to remain operational only within South Africa’s borders, are faced with a competitive and complex built environment and industry, made increasingly challenging by a weakening economy, exacerbated by industrial strikes, infrastructure deficiencies and a decrease in industry skill levels. This study reports on Project Managers’ (PMs’) perceptions of project failures and inefficiencies resulting from inadequate RM on projects, including the RM methodologies currently being employed. The study focused on perceptions of PMs who operate within South Africa’s borders, PMs that operate across border into other African countries, as well as PMs who operate exclusively within South Africa’s built environment framework. A study was undertaken incorporating qualitative methodologies via a normative survey. The survey was split into three main phases. Phase one employed the use of a pilot survey executed with the objective of further investigating the main sub-problems to gain more insight into the related issues and challenges. For the pilot survey, PMs were selected based on their engagement in CPM activities within South Africa as well as across South Africa’s borders into other African countries. Phase two of the main survey, with the sample stratum being the Association of Construction Project Managers (ACPM), was aimed at PMs within the ACPM who have engaged, or are engaging, in CPM activities both within South Africa’s borders as well as across South Africa’s borders into other African countries. Phase 3 of the main survey, with the sample stratum being the ACPM, was aimed at PMs within the ACPM who have engaged, or are engaging, in CPM activities within South Africa’s borders only and have not engaged in cross border activities. Survey findings identified the commercial sector and value of the projects undertaken by the practices, the level of risk associated with different client typologies, the link between inadequate RM and project inefficiency and failure, and the importance of RM on projects. Findings also identified that RM methodologies are employed by CPM practices, and that CPM practices generally endeavour to create a culture of risk awareness amongst employees. Further findings indicated that CPM practices may not always understand the risks associated with new industry sectors, regions or countries that they are considering operating within, and that that there is room for improvement regarding the effectiveness of current RM systems. Survey findings also indicated that risk is not always transferred to the correct project stakeholder most suited to managing the risk, and CPM practices are not always able to accurately quantify the costs associated with project risk. Furthermore, it was identified that CPM practices do not always undertaken risk assessments (RAs) at the correct project stage resulting in inadequate risk contingencies allowances, regular risk reviews are not always undertaken for projects, project pre-mortems are seen as valuable tools by CPM practices as a method to reduce future risk, and project post-mortems relative to ‘lessons learnt’ are not always undertaken. Conclusions outline the link between effective RM, project inefficiencies and project failure, as well as the increase or decrease in risk relative to ineffective or effective use of risk identification and management methodologies for time, cost, and quality factors respectively. Conclusions also outline the fact that although CPM practices generally understand the link between RM and project success, they are not always able to fully comprehend the risks associated with new industry sectors, regions or cross border countries. This indicates that without the adequate identification of risk, the RM process or steps that follow the qualitative risk identification process will have little or no value. This is indicative of the requirement for professional associations to consolidate risk data for industry activities with the aim of improving the level of RM industry wide. Recommendations highlight the importance of the compiling of sector specific risk registers, compiled by the South African Council for the Project and Construction Management Professions (SACPCMP) with registered member input, made available to all PMs via the SACPCMPs online database. Further recommendations include: the engendering, by senior management of CPM practices; a healthy ‘risk aware’ culture, by promoting RM practices aligned with best practice methodologies; the implementation of well balanced and formal RM systems throughout the CPM practice, with the aim of achieving effective RM without overburdening PMs with unnecessary documentation or ‘paperwork’; the attendance of risk conferences and workshops by all CPM practices, aimed at specifically identifying challenges that exist with RM and methods that can be employed to improve the status quo; the attendance of formal risk training courses, by all CPM practices, aimed at improving the knowledge base of PMs relative to effective RM, and the appointment of risk professionals, driven by the monetary value and risk levels of the project, to undertake the RM process and unburden PMs from the task, allowing PMs to concentrate on the other project knowledge areas.

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Rostami, Ali. "Risk management in small and medium enterprises in the UK construction industry." Thesis, Glasgow Caledonian University, 2015. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.687397.

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The competition and challenges facing construction enterprises during the recent recession have brought risk management to the forefront of SMEs' agenda. Enterprises risk management has been extensively addressed in standards and guidelines; however, none of those has explained the fundamental principles of applying the process to the situation that SMEs could adapt themselves to. Evidence indicated that the required amount of resources to support risk management implementation and its continued application are unrealistic for SMEs and beyond their capability and affordability. There is a small number of empirical research in the area of risk management for small and medium-sized organisations. Most studies addressed risk management practices in large enterprises with less attention to SMEs. In order to facilitate risk management implementation ID SMEs in the UK construction industry, in this study an explanatory mixed method was adopted to discuss risk management issues from the organisational perspective. A total of 453 usable postal questionnaires were received and 30 semi-structured interviews were conducted: to identify the key difficulties associated with implementation and practice of risk management; to evaluate the degree of SMEs' awareness of the risk management tools and techniques; and to assess the nature of the training provisions that will be of benefit to SMEs with regard to their risk management process. Results achieved from the study identified the need for a framework for scaling risk management. The Scaling Risk Management (SRM) framework was developed to support SMEs to recognise the importance of risk management, key difficulties in risk management implementation, and how to adjust risk management processes and allocate resources within the organisational capability. This framework was designed based on the Kolb's learning cycle. The SRM framework was validated by senior training advisors from the National Construction College of Scotland (CITB) and SMEs within a workshop. The study recommends that risk management needs to be connected to organisational business plan through the scaling risk management process. Results achieved from the study identified the need for a framework for scaling risk management. The Scaling Risk Management (SRM) framework was developed to support SMEs to recognise the importance of risk management, key difficulties in risk management implementation, and how to adjust risk management processes and allocate resources within the organisational capability. This framework was designed based on the Kolb's learning cycle. The SRM framework was validated by senior training advisors from the National Construction College of Scotland (CITB) and SMEs within a workshop. The study recommends that risk management needs to be connected to organisational business plan through the scaling risk management process.

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Bakheet, Moataz Talaat. "Contractors' risk assessment system." Diss., Georgia Institute of Technology, 1995. http://hdl.handle.net/1853/23163.

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Petrovic, Dario. "Risk Management in Construction Projects : A Knowledge Management Perspective from Swedish Contractors." Thesis, KTH, Fastigheter och byggande, 2017. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-215959.

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Projects within the construction sector is characterized as fragmented, temporary and complex which inherently brings upon risk exposure. Decision makers within the industry need reliant access to information and knowledge in order to manage risks in a sufficient and systematic way. Thus, the implementation of an effective risk management in relation to managing associated project risk knowledge may facilitate successful construction project endeavors. The purpose of this master thesis is to explore and evaluate project risk management within the Swedish construction industry, with the emphasis on the perspective of Swedish contractors. The aim is to examine the recognition and practical adoption of risk management in order to investigate how project knowledge is utilized in the process. The methodology consists of a literature review on risk management fundamentals, the diverse risk attitudes and knowledge management in relation to risk. Data collection and analysis are based on a mixed method approach in which conclusions are made in relation to theoretical groundwork. The empirical data is collected through the usage of an online survey and in-depth semi structured interviews with key professionals within the Swedish construction industry. The results from this research indicate that theoretical models and processes for risk management is fairly unknown within the industry, analogous methods are used within respective organizations but the sharing of definitions and concepts within the industry are absent and the methods are not as structured as described in risk management theory. However, findings suggest that the perception of actors within the industry regarding risk and the risk management process is one of high importance for obtaining project objectives. Furthermore, findings indicate that the interplay between knowledge- and risk management and the incorporation of these processes is underutilized among the contractors and developers.
Projekt inom byggsektorn karakteriseras ofta som fragmenterade, tillfälliga samt komplexa vilket i sin tur medför riskexponering. Beslutsfattare inom byggbranschen behöver tillförlitlig tillgång till information och kunskap för att kunna hantera risker på ett effektivt och systematisk sätt. Implementering av en produktiv riskhantering i samband med hanteringen av associerad projektriskkännedom och kunskap kan således underlätta framgångsrika byggprojektinsatser. Syftet med denna masteruppsats är att utforska och utvärdera projektriskhantering inom den svenska byggbranschen, med tonvikt på svenska byggentreprenörers perspektiv. Syftemålet är att undersöka erkännandet och det praktiska utförandet av riskhantering och på så vis undersöka hur projektkunskap utnyttjas i processen. Metoden består av en litteraturöversikt gällande riskhantering, diverse riskattityder och uppfattningar samt kunskapshantering i förhållande till risk. Datainsamling och analys baseras på en ”mixed-method research” där slutsatser görs i förhållande till teoretiskt grundarbete. Den empiriska insamlingen gjordes genom tillämpning av en online-undersökning samt djupgående semi-strukturerade intervjuer med professionella inom den svenska byggbranschen. Resultaten från denna forskning visar på att teoretiska modeller samt processer inom riskhantering är relativt okända inom branschen. I praktiken används likartade metoder inom respektive organisation men definitioner och begrepp skiljer sig sinsemellan, metoderna är dessutom inte lika strukturerade i jämförelse med riskhanteringsteorier inom litteraturen. Fynden i denna studie tyder dock på att uppfattningen kring risk och riskhanteringsprocessen, bland aktörer inom branschen, är att den är av stor betydelse för att uppnå projektmål. Vidare tyder resultaten på att samspelet mellan kunskap- och riskhantering samt dess inkorporering är underutnyttjat bland byggentreprenörer och byggherrar.

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Pan, Lung-Jui. "A study of risk management in dealing with contracts in the construction industry." Thesis, University of Glasgow, 1996. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.284721.

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Apine, Anete, and Valdés Francisco José Escobar. "Risk Management in Sustainable Projects in the Construction Industry : Cases of Swedish Companies." Thesis, Umeå universitet, Företagsekonomi, 2017. http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-132094.

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Sustainable construction projects are expanding in the market and green codes andstandards are advancing giving the ground for development of technology and materialsapplied. With every new material and technology utilised in the field, also risks aregrowing. The importance of risk management in sustainable construction projects isthus increasing and more experience and expertise is needed. So, the purpose of thisthesis is to examine and gain deeper understanding of project related risks in sustainableconstruction projects in Swedish companies operating in built environment. It is crucialto gain knowledge of good practices within the industry to be able to propose furtherinvestigation of the subject that could improve the existing risk management andsustainable construction project goals.This thesis examines the existing theory of the risk management process and sustainableprojects by shedding light on the trends within the construction industry. The intentionof the thesis is to add value to the existing gap in the theory that suggests thatconstruction industry is exposed to more risks and uncertainty than perhaps otherindustries, and that introducing sustainability adds more uncertainties and risks. Thisphenomenon is claimed to be due to the lack of knowledge and experience in the areaand, thus, practitioners seek for new ways how to tackle the arising issues. This thesisattempts to display how Swedish companies who are working with green and highperformance buildings identify and deal with risks.Two Swedish companies operating in built environment were chosen in order toinvestigate different ways of dealing with risks and the trend of sustainability inconstruction. Those in charge of risk and sustainability within the companies wereinterviewed applying semi-structured interviews and additional information wasgathered through multiple sources, such as annual reports, web pages and otherdocuments. This thesis has exploratory and qualitative research design and appliesabductive approach for the purpose and the nature of phenomena.The findings showed the different tools how risk management is applied in thecompanies and how it is related to the risks faced in green building construction. Theresults showed the importance of tools applied tackling sustainable construction projectsthat companies have applied and added to their processes in order to manageuncertainties that could occur if these processes were not implemented. As regards thegeneralisability towards findings, there still could be added more companies and futureresearch could imply also maturity of the companies to make findings more precise.However, after consideration of the processes learnt from companies, the proposedmodel for achievement of successful sustainable construction projects can be followedand applied in other companies operating in this industry.

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Willmer, Gillian. "Development of risk models for engineering construction projects." Thesis, Online version, 1988. http://ethos.bl.uk/OrderDetails.do?did=1&uin=uk.bl.ethos.327826.

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Bajpai, Atish. "An Environmental Risk Management Framework for a Nordic Construction Firm." Thesis, KTH, Industriell ekologi, 2006. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-32692.

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Construction is one of the oldest of industries in the world, with the first establishedconstruction company being established around 230 BC. One of the biggest industries inEurope, at an estimated €900 billion a year, it also accounts for 40% of total energy consumption and 40% of total waste generation in the EU1 . Although the majority ofthese are from the use phase of the built environment, there is a lack of a comprehensiveenvironmental risk management system for the construction phase. This study proposesan environmental risk management framework based on the Beer-Ziolkowski model of risk management for both site specific and non-site specific construction operations witha stakeholder centric approach. It proposes stakeholder involvement to identify the risksaided with trend analysis of strategic regulatory implications from the concernedauthority - Norwegian Ministry of Local Government and Regional Development and thecurrent orgnisational practice of objective environmental risk identification from ISO14001 guidance. Scope of site specific and non-site specific risks are narrowed down tosite operational setup and construction materials respectively, consistent with theorganisations view of the most important risks from those two classes of risks. Riskassessment is suggested through Fault Tree Analysis (FTA) method for site specific risksand European Union System for the Evaluation of Substances (EUSES) for non-sitespecific risks. Total Cost Accounting (TCA) of project alternative evaluation isrecommended with a view to internalise the external costs. A two tiered integration ofrisk information in the buisess process is suggested – categorised risk reduction processat the level of projects and general good practice aided with risk information at the policylevel. Being a framework for management of environmental risk as opposed to a methodfor a specific environmental risk, the principles and suggestions are broadly scoped withcase studies for identification and analysis of risks.Through the practice of prudent engagement of stakeholders and scientific risk assessments, this framework would help the organisation enable safer operational practices in the context of environmental effects. In foresight this in turn will have rendered the host firm more competent in terms of making sustainable business decisions.
Byggindustrin är en av de äldsta industrierna i världen. Det första företaget etabeleradesca 230 BC. Byggindustrin är även en av de största industrierna i Europa med €900miljarder i omsättning varje år, men ansvarar även för ungefar 40% av energiförbrukningen och 40% utav den totalla avfallsgeneringen i EU1. Trots att det mesta av dessa miljöfarliga aspekter kommer ifrån användningsphasen av den byggdamiljön, finns det en brist på omfattande hanteringssystem för miljörisker vid uppbyggnadsphasen. Denna studie föreslår en hanteringsmodell, baserad på Beer-Ziolkowski-modellen för riskhantering, som innehåller både byggplats baserade och icke byggplatsbaserade risker med en centrerad orientering vid just aktieägare samt andraberörda.Denna modell föreslår, att alla som skulle bli berörda vid förändring, engagerar sig för att identifiera risker med assistering utav strategisk vägledning hos den lämpliga förvaltningen - Kommunal- og regionaldepartementet samt med det närvarande organisationspraxisesn av indentifiering av de objektiva miljöriskerna med råd ifrån ISO140001. Omfattningarna av byggplats-beroende och icke byggplatsberoende riskkategorier fokuseras på layouten av byggplats och byggmaterial, enligt företagetsåsikt vilken av dessa två riskgrupper som är viktigast. Riskshantering föreslås med fel träanlys (FTA) metoden till byggplats beroende risker och European Union System for the Evaluation of Substances (EUSES) till icke byggplats beroende risker.Helkostnadsbokföring (TCA) för projektets olika alternativ rekommenderas som åtgärd för att inkludera de vanliga ytterliggande kostnaderna. En två spårig integration av risksbeskedet föreslås – katagoriserad riskminskning vid projektsnivå och vanliga goda affärsprincipier tillsammans med riskmedvetenhet på policy nivå.På grund av att modellen är en ram för riskhantering, som skilljer sig ifrån en metod fören särskild risk, granskas priciperna så som föreslaget med fallstudier för identifieringoch analys av risker.Genom att engagera aktieägare och andra intressenter men även natuvetenskaplig riskbedömning, ska denna modell hjälpa företaget till att möjligöra en säker bedrivningutav företagspraxisen i kombination med ett stärkt intresse utav miljöaspekter. I framtiden ska detta i sin tur ge företaget större kompetens när det gäller att planera och skapa en hållbar affärsplanering.
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17

Mohebbi, Amir Hassan, and Ngadhnjim Bislimi. "Project Risk Management : Methodology Development for Engineering, Procurement and Construction Projects - A Case Study in the Oil and Gas Industry." Thesis, Karlstads universitet, Fakulteten för ekonomi, kommunikation och IT, 2013. http://urn.kb.se/resolve?urn=urn:nbn:se:kau:diva-29142.

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This thesis studies the overall parameters affecting projects’ risks and analyze different methodologies of project risk management in order to narrow down and develop a customized methodology applicable for Engineering, Procurement and Construction (EPC) projects in the oil and gas industry. To approach this goal, Bidboland II Gas Treating Plant project was selected as an appropriate case study. This case project has been analyzed by combining various risk management methodologies, and based on this analysis a new methodology was suggested to the company for risk management. Additionally, necessary changes in the organization have been proposed to handle the project risk issues in different levels with higher performance. The developed methodology can be applicable for other companies involved in EPC projects.

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18

Ker-Fox, Gregory Mark. "Reliability modelling of performance functions containing correlated basic variables, with application to construction project risk management." Thesis, Stellenbosch : Stellenbosch University, 2002. http://hdl.handle.net/10019.1/53030.

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Thesis (PhD)--Stellenbosch University, 2002.
ENGLISH ABSTRACT: Correlation mechanisms describing systematic variations and common sensitivities are critical contributors to uncertainty in quantitative functions modelling project performance in terms of probabilistic or basic variables. Current reliability methods transform dependent vectors to an equivalent set of independent standard normal variates. A simple method is developed for dealing with correlation in the original variable space. An algebraic description of the direction cosine (or alpha) for performance functions under conditions of dependence is formally derived and numerically validated. The resultant General First Order Second Moment (GFOSM) method for correlated basic variables is shown to be equivalent to the orthogonal transformation method. Geometric and physical interpretations of the general direction cosine are developed, with alpha found to be equivalent to the correlation between a basic variable and performance function. Corresponding inequalities and normalizing conditions are also developed for alpha. Expressions for a number of applications utilising the general dependent form for the direction cosine are derived and demonstrated. The current definition of the direction cosine as an importance factor is validated for dependent conditions, and conditions established under which this descriptor is no longer adequate. Expressions are derived to measure the significance of a variable in terms of stochastic importance and function sensitivity, to establish reliability index sensitivity to the omission of non-critical items, quantifying variable elasticity and an elasticity index. The general FOSM method for correlated basic variables is applied to system analysis to generate modal correlation coefficients between failure modes. The general direction cosine is stable for multivariate linear functions and functions of limited curvature across a range of reliabilities and correlation levels. This characteristic further simplifies the process by providing for deterministic reliability modelling of performance functions containing dependent variables, avoiding the solution of the more complex joint density function. The extension of the current theory and the treatment of performance functions in the original vector space develop invaluable insight into the correlation mechanisms driving risk and reliability. This will assist project managers to better understand areas that can affect project performance, to focus management attention, develop mitigation strategies and to allocate resources for the optimal management of project risk.
AFRIKAANSE OPSOMMING: Korrelasie meganismes wat sistematiese afwykings en gemeenskaplike sensitiwiteite veroorsaak, is kritieke bydraers tot onsekerheid in kwantitatiewe funksies wat projek prestasie modelleer m terme van probabilistiese of basiese veranderlikes. Huidige betroubaarheidsmetodes transformeer afhanklike vektore tot 'n ekwivalente stel van standaard normaalonafhanklike veranderlikes. '0 Eenvoudige metode is ontwikkelom die effekte van korrelasie in die oorspronklike vektorspasie te hanteer. 'n Algebraise beskrywing van die rigtingseosines (genoem alfa) vir prestasiefunksies onder omstandighede van afhanklikheid is formeel afgelei en numeries gevalideer. Dit is bewys dat die resulterende Algemene Eerste Orde Tweede Moment metode vir gekorreleerde basiese veranderlikes ekwivalent is aan die tradisionele Ortogonale Transformasie metode. Geometriese en fisiese interpretasies vir die algemene rigtingscosinus is ontwikkel, met bewys dat alfa ekwivalent is aan die korrelasie tussen 'n basiese veranderlike en die prestasiefunksie. Ooreenstemmende ongelykhede en normaliserings-kondisies is ook vir alfa ontwikkel. Uitdrukkings vir 'n aantal toepassings wat gebruik maak van die algemene afhanklike vorm van die rigtingscosinus is afgelei en gedemonstreer. Die huidige definisie van die rigtingscosinus as 'n belangrikheidsfaktor is gevalideer vir kondisies van afhanklikheid en omstandighede is uitgewys wanneer dit onvoldoende is. Uitdrukkings is afgelei om stochastiese belangrikheid te meet asook funksie sensitiwiteit, die sensitiwiteit van die betroubaarheidsindeks tot die weglating van nie kritiese veranderlikes, sowel as die kwantifisering van elastisiteit en die elastisiteitsindeks. Die Algemene Eerste Orde Tweede Moment metode vir gekorreleerde' veranderlikes is toegepas op sisteem analise om die korrelasie tussen falingsmodes te genereer. Die algemene rigtingscosinus is stabiel vir liniêre funksies en funksies met 'n beperkte kromming oor 'n reeks betroubaarheidswaardes en korrelasie vlakke. Hierdie kenmerk vereenvoudig die metode verder deur voorsiening te maak vir deterministiese betroubaarheidsmodellering van prestasie funksies met afhanklike veranderlikes, deur die oplossing van die meer komplekse gesamentlike-digtheidsfunksies te vermy. Die uitbreiding van die huidige teorie en die hantering van prestasie funksies in die oorspronklike vektor spasie ontwikkel waardevolle insig in die korrelasie meganismes wat risiko en betroubaarheid oorheers. Hierdie insig sal projekbestuurders in staat stelom kritieke gebiede wat projek prestasie kan affekteer beter te verstaan, om hulle aandag daarop te fokus, om teenmaatreël-strategieë te ontwikkel en hulpbronne toe te ken vir die optimale bestuur van projek risiko.

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Iftikhar, Rehab, and Suneeta Menon. "Project risk response success : An empirical study on project risk response success factors in the construction industry of Sweden." Thesis, Umeå universitet, Handelshögskolan vid Umeå universitet (USBE), 2011. http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-52004.

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Risk is everywhere and it is something which we face in everyday life. Same is the case with projects. Projects are complex and risks are inherent in projects. It is not unusual for unexpected events to occur and for uncertainty to emerge in projects. These events contribute to project riskswhich require to be dealt with so that projects could continue to run effectively. The need for good project risk management is therefore especially important as it could determine the successof the project or otherwise. However, research on the factors that make project risk response successful has been neglected. Contemporary researchers focused on risk management phases other than risk response. Our main focus in this paper is to indicate determinants of project risk response success and their relative importance in the construction industry of Sweden. The construction industry is considered as construction projects are not only important but they identify tangibly with the physical outputs of projects and exemplify the uncertainty and risks that are present in this type of projects. Sweden is chosen as the context of our study owing to the immense contributions of the construction sector towards the country’s growth and GDP. On thebasis of extensive literature review, we have come up with the determinants for project risk response success and developed a proposed conceptual model. A quantitative study is undertaken with the administration of questionnaires. The empirical data is gathered from project managers in the construction industry of Sweden for this purpose. Project managers are selected as respondents as they would be the ones controlling and managing projects, along with responding to the various risks subjected to in projects. Hypotheses have been generated for this research and the results are analyzed to determine if these hypotheses are to be accepted or rejected. For data analysis, SPSS is used. The results are drawn by the use of statistical tools like ANOVA, correlation and t-tests. These outcomes will lead to the conclusion of our study as to what the factors are that determine project risk response success and their relative importance. A revised conceptual model is finally developed to address the findings of our research. This research found a set of seven success factors which can be used as a guideline for project risk response success. These factors are (1) Team competency and skills, (2) Effective communication, (3) Active leadership, (4) Negotiation and coordination, (5)Hierarchical structure, (6) Behaviour and (7) Empowerment. These determinants of project risk response success can be generalized to the construction industry in Sweden. Keywords: project risk, project risk management, uncertainty, unexpected events, risk response, construction industry.

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Schoonwinkel, Sune. "A risk and cost management model for changes during the construction phase of a civil engineering project." Thesis, Stellenbosch : Stellenbosch University, 2012. http://hdl.handle.net/10019.1/20312.

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Thesis (MScEng)--Stellenbosch University, 2012
ENGLISH ABSTRACT: The construction project environment is dynamic and prone to change. Project change can be defined as any event that alters a project’s original scope, execution time or the cost of the works. Improper management of the projects’ changes could therefore adversely impact on the actual cost and duration of the project which may lead to project cost overruns and even claims and legal disputes. During the construction phase of a project, change affects every aspect of productivity – the planned schedules and deadlines, work methodology, resource procurement, as well as the budget and thus it could prevent the achievement of the project objectives. A project manager, therefore, wants to limit the number of change to a project. However, during a construction project there may be quite a number of changes. Managing a construction project is difficult, in that all the relevant information is rarely available at the initial stage of a project to enable one to plan and design the project accurately and make the best possible decisions. As information becomes available during the construction phase of the project, it can lead to various changes. Design errors or variations, unforeseen site conditions and vagueness in the original scope are but some of the reasons for change. No matter the size of the change, each alteration to the works has a cost, time and risk implication. Due to tight time constraints on most projects, every change requires quick, robust decision making, so as not to delay the project, which therefore results in changes not being comprehensively evaluated. Decisions are often made on intuition or experience, without an assessment of the risks involved or the influence on the cost of the project and without applying well-known project management techniques. The aim of this research was to determine what a change management process for a civil engineering project should look like, specifically the cost and risk management of changes. It investigated the current state of change management of construction projects in practice, by doing a case study and various interviews with project managers. Based on the findings of the research and the industry requirements, a model was developed for managing the costs and risks of changes. The Model was validated by means of an expert evaluation review. The change management model developed as part of this thesis can be used to analyse the cost, time and quality impact of the change, and to do a detailed risk assessment. The Model also reviews the proposed change in order to determine whether the change is necessary. It is a generic tool that can be used by engineers and their project team to enhance the management of changes that happens during the construction phase of a project for any civil construction project.
AFRIKAANSE OPSOMMING: Die konstruksie omgewing is dinamies en geneig tot verandering. Projek verandering kan gedefinieer word as enige gebeurtenis wat die projek se aanvanklike omvang verander of lei to verlenging van die tydsduur of vermeerdering van die koste van die projek. Wanbestuur van projek veranderinge kan ‘n nadelige impak op die projek kostes en tydsduur hê wat kan lei tot oorskryding van die begroting en selfs eise en regsdispute. Verandering kan elke aspek van produktiwiteit tydens die konstruksie fase van ‘n projek affekteer. Dit affekteer die beplande skedules, spertye, werk metodologie, hulpbron bestuur, asook die begroting. Dus kan dit verhoed dat die projek doelwitte bereik word. ‘n Projek bestuurder wil daarom die hoeveelheid en omvang van veranderinge beperk. ‘n Konstruksie projek kan egter heelwat veranderinge ondergaan. Om ‘n konstruksie projek te bestuur is moeilik aangesien al die relevante informasie selde beskikbaar is tydens die begin fases van ‘n projek wat nodig is om die beplanning en ontwerp van die projek so akuraat moontlik te doen en die regte besluite te neem. Soos informasie beskikbaar raak tydens die konstruksie fase van die projek, lei dit dikwels to verskeie veranderinge. Ontwerp foute of variasies, onvoorsiene terrein toestande en onduidelikheid oor die projek omvang is van die redes vir veranderinge. Ongeag die grootte van die verandering het elke wysiging tot die projek ‘n koste, tyd en riskiko implikasie. As gevolge van tydsbeperkinge vereis elke verandering vinnige en kragtige besluitneming om sodoende nie die projek te vertraag nie. Dit lei daartoe dat veranderinge nie omvattend geëvalueer word nie. Besluite word dikwels geneem op intuïsie of ervaring, sonder 'n beoordeling van die risiko's wat betrokke is of die bepaling van die invloed op die koste van die projek, en sonder die toepassing van erkende projek bestuur tegnieke. Die doel van hierdie navorsing was om vas te stel hoe 'n verandering bestuur proses moet lyk vir ‘n siviele ingenieurswese projek, spesifiek die koste en risiko bestuur van die verandering. Die huidige stand van verandering bestuur van konstruksie projekte in die praktyk is ondersoek deur middel van 'n gevallestudie en verskeie onderhoude met die projek bestuurders. 'n Model is ontwikkel vir die bestuur van die koste en risiko's van veranderinge gebaseer op die bevindinge van die navorsing en ook die vereistes van die bedryf. Die model is getoets met behulp van evaluering deur professionele ingenieurs. Die verandering bestuur model wat ontwikkel is as deel van hierdie proefskrif kan gebruik word om die koste, tyd en kwaliteit impak van ‘n verandering te analiseer, asook om 'n omvattende risiko assessering te doen. Die model hersien ook die voorgestelde verandering om te bepaal of die verandering nodig is. Dit is 'n generiese hulpmiddel wat deur ingenieurs en hul projek span gebruik kan word vir die bestuur van die veranderinge wat tydens die konstruksie fase van siviele projekte plaasvind.

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Liang, Yanhong, and 梁艳红. "A study of public private partnership project success factors and risk management integration in mainland China." Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 2012. http://hdl.handle.net/10722/194601.

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To solve the conflict between limited fiscal funds and increasing demands to strengthen infrastructure construction, Public Private Partnership (PPP) was introduced by the Chinese government as an effective approach to make use of private investment to implement infrastructure projects. To provide services or facilities for public use, in PPP, participants pool their skills and resources while at the same time sharing the risks and rewards. The application of PPP could not only ease the government’s financial pressure, but also improve the efficiency of infrastructure construction and ensure the service quality of projects. Although PPP produces these benefits, the complexity and long-term features of PPP projects expose participants to more risks than in traditional projects. Therefore, risk management of participants is critical to the success of PPP projects. As an innovative procurement approach involves a variety of stakeholders over a long time span, it is necessary to investigate how to appraise and recognize PPP project success. In addition, although risk management has attracted much attention, few studies examine the detailed link between various dimensions of risk management and PPP project success. This research therefore intends to fill these two gaps. Compared with countries in the West, PPP was introduced into China relatively recently. A comparative study was employed in this research in order to understand the Chinese situation and to make use of the experience of other countries to critique PPP project performance in Mainland China. In this study, a two-pronged research program—comprising quantitative and qualitative approaches—was used to test and validate the tripartite theoretical model which was set up based on Transaction Cost Economics (TCE), Resource-based View (RBV) and Relational Exchange Theory (RET). In the quantitative study, questionnaire surveys were conducted concurrently in Mainland China and other places. Hierarchical Multiple Regression was used to explore the relationships posited in the research framework. To provide supportive and complementary evidence to the quantitative data, a case study of a PPP project in Mainland China was undertaken. Open-ended interviews and the thematic analysis technique were adopted in the case study. Taken together, the findings indicated that although the facets of risk management significantly affect project success, there are subtle different influences on different stakeholders’ benefits. For example, the uncertainty of social issues and economic issues will affect public partner’s benefits while the uncertainty of political & institutional issues, economic issues and project specific issues are directly influence private partner’s benefits. To maximize their own interests, different stakeholders should pay more attention to the influencing factors that are specifically associated with them. Meanwhile, it is demonstrated that individual efforts on risk management also contribute to the benefits of other stakeholders as well as to the whole industry development. In addition, the comparative study suggests that public partners of PPP projects in Mainland China could refer to the risk management experience of public partners from other countries to make an appropriate risk management commitment and better manage risks. On the other hand, private partners of PPP projects in Mainland China need to pay more attention to the macro-control of the government so as to protect their rights and interests.
published_or_final_version
Real Estate and Construction
Doctoral
Doctor of Philosophy

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22

Pillay, Kersey Robin. "The costs of construction accidents." Thesis, Cape Peninsula University of Technology, 2014. http://hdl.handle.net/20.500.11838/1044.

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Dissertation submitted in fulfilment of the requirements for the degree Master of Technology: Construction Management Department of the Built Environment in the Faculty of Construction Management and Quantity Surveying at the Cape Peninsula University of Technology 2014
The construction industry contributes significantly to national economic growth and offers substantial opportunities for job creation; however the industry has continually been plagued by workplace accidents. Moreover, employers may not realize the economic magnitude of workplace injury and ill health arising from construction activities. These accidents represent a considerable economic and social burden to employers, employees and to society as a whole. Despite governments and organisations worldwide maintaining an on-going commitment towards establishing a working environment free of injury and disease, a great deal of construction accidents continues to frequent our society. Given the high rate of construction accidents experienced, employers are not entirely mindful of the actual costs of construction accidents, especially when considering the hidden or indirect costs of accidents. Various safety research efforts have attempted to quantify the true costs of worker injuries, however localised systematic information on cost of construction accidents at work is not readily available from administrative statistical data sources, therefore this study was carried out in order to estimate the costs, like lost workdays or lost income, are clearly visible and can readily be expressed in monetary value; for a large part however, economic consequences of accidents are somewhat hidden. Indirect costs following an accident may be disregarded, damage to the company image is difficult to quantify and pricing human suffering and health damage is subject to discussion. Nevertheless, it is possible to get an adequate insight into the costs of accidents and the potential benefits of accident prevention.

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Sansakorn, Preeda. "Development of a risk assessment methodology and safety management model for the building construction industry : case studies from Thailand." Thesis, University of Birmingham, 2018. http://etheses.bham.ac.uk//id/eprint/8249/.

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The building construction industry is growing all over the world and considered as a labour-intensive industry. It is associated with significant safety risks and losses resulting from major accidents. These critical safety risks are largely due to lack of awareness, which causes poor performance. Furthermore, in construction management projects, risk assessment tools are still widely employed by adopting two traditional parameters, severity of consequence (SC) and probability of occurrence (PO), to analyse the safety risk level. It is not clear, however, whether this analysis can evaluate the safety risk magnitude appropriately, which necessitates the introduction of another parameter, probability of consequence (PC), to improve the risk evaluation. The fuzzy reasoning technique (FRT) is useful for quantifying and dealing effectively with the lack of certainty related to the domain of building construction projects. PC was incorporated into the model which allows safety risks to be assessed correctly. Furthermore, the modified fuzzy analytical hierarchy process (MFAHP) and fuzzy technique for order preference by similarity to ideal solution (FTOPSIS) methods are integrated into a new construction safety risks model for the evaluation of important safety risks. Four specific case studies are employed to illustrate the applicability and performance of the proposed model.

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El, Khawas Abdel Rahim, and Sanaz Aghaei. "Uncertainties and cost overruns in Construction Industry : An explanatory multiple case study investigating the differences in cost management under uncertainties in conventional and green construction companies." Thesis, Jönköping University, Internationella Handelshögskolan, 2020. http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-48726.

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Abstract Background Construction industry greatly affect the environment in the aspect of energy consumption and its contribution to global warming. Accordingly, green building construction is significantly growing, which makes it an interesting topic for researchers. Green buildings are defined as buildings constructed according to sustainability standards that keeps the natural environment healthy. However green construction is challenging in the economic aspect and the cost efficiency. Based on the researches, uncertainty is a main reason for cost overrun. In addition, procedures in early stages of the project is of great importance and have influence on the costs. However, further study is needed to identify the differences between conventional and green construction companies regarding uncertainties, cost overrun, and uncertainty mitigation techniques. Purpose The focus of this research is to compare two types of construction companies (conventional and sustainable) in the aspect of uncertainties as inevitable part of risks, it’s effect on cost overrun, and techniques being used in the pre-construction phase to mitigate them. Method Multiple-case study was conducted, and two construction companies were selected of each type. This research is a qualitative study with abductive approach. The empirical data were collected by conducting semi-structured interviews with several positions in each company. Also, secondary data were collected from companies’ archival reports and documents, and from scientific blogs. Conclusion The findings of this research indicate that sustainability creates fields of uncertainties extra to those existing in conventional construction. The study revealed the direct effect of uncertainties on cost, and the indirect effect by generating events which cause overruns in cost. Moreover, Companies work on improving managerial skills in the preconstruction phase to mitigate the effect of uncertainties and to reduce probability of cost overrun occurrence in both sustainable and convention construction companies. While in sustainable construction, additional techniques and efforts are needed as technology, artificial intelligence, and hiring external resources and staff.

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Lee, Kin-wang. "A study of business risks of public housing construction in Hong Kong and risk management methods adopted by contractors." Curtin University of Technology, Curtin Business School, 2004. http://espace.library.curtin.edu.au:80/R/?func=dbin-jump-full&object_id=15596.

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The research conducted in this thesis studies the business risks considered as critical by construction contractors in the public housing construction industry in Hong Kong and the risk management methods adopted by these contractors. There is an inherent weakness in the public housing construction procurement in which price has been the overriding factor in the award of contracts and this has led to poor quality. A quantitative research method was adopted. The data for analysis included share price of listed construction contractors and other listed companies in Hong Kong. In addition, annual turnover of listed construction contractors from its company reports and available public housing projects to be tendered versus the number of prospective contractors were analysed. A main survey and a supplementary survey were also conducted after a qualitative initial study was launched to find out themes for the questions in the main survey. It is suggested that business risks of construction industry in Hong Kong are high when compared with non-construction business. As a consequence, risk premium from stocks of listed construction contractors should be higher than stocks of non- construction business. It is further suggested that risk premium of stocks of listed public housing construction contractors should be lower than other listed non- residential public buildings construction contractors due to adoption of subcontracting as risk management in the public housing construction industry. All these were being verified using share price, number of available public housing construction projects and company reports.
The main survey was conducted to find out the perceptions of the public housing construction contractors on the business risks of its business due to: (a) its client, the Hong Kong Housing Authority, (b) statutory requirements, (c) penalty from poor performance and its ramifications, (d) suppliers and (e) staffing. The main survey also sought public housing construction contractors’ perception on the relative effectiveness of risk management proposals and quality improvement proposals. The supplementary survey looked at reasons for subcontracting in the Hong Kong construction industry. Exploratory factor analysis was carried out initially, which reduced the 47-item main survey questionnaire to 40 items with 8 factors and the 22-item supplementary survey to 20 items with 3 factors. In the main survey, for each of the factor identified, t-test of the mean on each of the item and of the summated items under each factor indicated the perceived business risks of public housing construction were: (a) critical due to "client" (the Hong Kong Housing Authority) - 7 critical items out of 9 items; (b) not critical due to "statutory requirements" -none of the 5 items is critical; (c) critical due to "poor performance ramifications" - all 2 items are critical; (d) critical due to "suppliers" - all 4 items are critical; (e) not critical due to "staff' -none of the 4 items is critical. For effectiveness of risk management measures to mitigate business risks due to suppliers and staffing, t-test of the mean was carried out. Risk management methods to mitigate business risks from: (a) "suppliers" were not perceived as effective - 1 effective item out of 3 items; (b) "staffing" were perceived as effective - 5 effective items out of 7 items. For effectiveness of quality improvement proposals, t-test of the mean indicated there were 3 effective items out of 6 items.
Overall the quality improvement proposals were perceived as effective. For the supplementary survey to find out reasons for subcontracting in the Hong Kong construction industry, from the subcontractors' point of view, the business practice of main contractors was perceived as critical to the operation of subcontractors (all 7 items). On the other hand, relevant reason for further (secondary) subcontracting from subcontractors was due to lack of expertise (1 item out of 5 items). For quality improvement proposals, 6 items (workers registration, strengthen supervision by contractors on subcontractors, strengthen supervision by client, registry of subcontractor, award contract based on quality and treat subcontractor as business partners) were perceived as effective. Regression was carried out for the main survey and it was found that various statutory requirements were not significant predictors for the extent of pecuniary fines due to violations of statutory requirements. However site safety obligations were found to be a significant predictor to predict the period of suspension from tendering which would be considered as critically affecting the business of the contractor. For the supplementary survey, the regression was centred on relevant reasons for subcontracting (as independent variables) and extent of subcontracting (as dependent variable). The tests indicated that subcontracting to reduce risk of over expansion and price could be significant factors to predict the extent of subcontracting. To supplement what has been proposed as a possible solution (partnering) in improving the adversarial relationship amongst contracting parties in the construction industry, a case study was carried out to see how a local non-government organisation managed an underground transit system construction project by using "partnering".
The case study indicated partnering could be useful to improve the inter-organisation co-operation in the construction industry. From the main survey, supplementary survey and the subsequent analysis as well as the case study, the most significant implication of this research is the need to have equitable terms in the contract between clients and its construction contractors. In the competitive public housing construction industry in Hong Kong, award of contract by price alone to the lowest bidder would not induce quality performance from construction contractors. To cater for fluctuating workload and risk of over- expansion, subcontracting is a form of risk management practiced by construction contractors. Subcontracting cannot be stamped out and to induce quality performance from construction contractors and subcontractors, what is essential between clients and construction contractors (equitable terms) is equally applicable between construction contractors and its subcontractors.

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Eppenberger, Marius. "Older construction workers : a study of related injuries, underlying causes and estimated costs /." Thesis, [S.l. : s.n.], 2008. http://dk.cput.ac.za/cgi/viewcontent.cgi?article=1033&context=td_cput.

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Albarello, Cristiane Botezini. "Gerenciamento de riscos em projetos na indústria da construção no Estado do Rio Grande do Sul." reponame:Biblioteca Digital de Teses e Dissertações da UFRGS, 2014. http://hdl.handle.net/10183/109014.

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A indústria da construção é significativa para o desenvolvimento socioeconômico dos países em âmbito mundial e o gerenciamento de projetos consiste na principal atividade das empresas de distintos segmentos que integram o setor. No entanto, caracteriza-se por elevada exposição a riscos de diversas naturezas, os quais influenciam diretamente o sucesso dos projetos, havendo evidências de que práticas de gerenciamento de riscos formais não têm sido efetivamente adotadas pelas empresas. Este estudo apresenta os resultados de uma pesquisa survey, a partir da análise de 178 questionários respondidos no período de novembro de 2013 a março de 2014. A pesquisa objetivou analisar o gerenciamento de riscos nas empresas da indústria da construção, no Estado do Rio Grande do Sul, para compreender a exposição em projetos, propondo três objetivos específicos: conhecer a atitude frente aos riscos das empresas participantes, para compreender a exposição em projetos de construção com base na teoria da utilidade; identificar se as empresas participantes gerenciam riscos de maneira formal ou informal, a fim de verificar as práticas, os processos e as técnicas frequentemente aplicados; explicitar os principais riscos enfrentados nos projetos de construção, no cenário atual e na percepção das empresas participantes. Houve, pelo menos, duas justificativas para a realização deste estudo: a adoção de práticas formais no gerenciamento de riscos tem sido referenciada como cada vez mais emergente para a indústria da construção; e pesquisas survey sobre gerenciamento de riscos em projetos são relevantes para prover informações significativas tanto de interesse científico acadêmico quanto para o contexto da prática empresarial. A partir da análise dos resultados, confirmou-se na literatura especializada estudada que a indústria da construção tende a perceber riscos como efeitos negativos no desempenho dos projetos. A atitude da amostra, frente aos riscos, mostrou-se neutra, tendendo à ousadia, havendo maior motivação das empresas para exporem-se a situações arriscadas diante da percepção de margens de ganho mais elevados nos contratos, ao passo que as empresas demonstraram menor tolerância diante da percepção de maiores perdas nos contratos. A maioria das empresas participantes sinalizou adotar gerenciamento informal de riscos, embora contrapondo à literatura estudada, menos da metade destas sinalizaram adotar alguma reserva de contingência orçamentária para os riscos dos projetos de construção. Das empresas que sinalizaram adotar gerenciamento formal de riscos, evidenciou-se que, em geral, há baixa frequência de aplicação de práticas, processos sistematizados e técnicas de gerenciamento de riscos, conforme recomendam os principais documentos referenciados na área. Identificou-se, ainda, que os fatores de riscos de maior probabilidade e impacto nos projetos, no cenário atual e na percepção das empresas amostradas, consistiram em: dificuldades na regulamentação ambiental; falhas na garantia da segurança do trabalho; e escassez de profissionais e/ou profissionais qualificados. Além de que, os maiores níveis de riscos inerentes à complexidade dos projetos em execução foram atribuídos aos elementos: experiência profissional; restrição extrema de tempo; e número de partes e interdependências.
The construction industry is significant for the socioeconomic development of countries worldwide, and managing projects is the main commercial activity of different segments comprising the business sector. However, it is characterized by high exposure to risks of various natures, which influence directly the success of the projects. Besides, it has been evident that management practices of formal risks have not been effectively adopted by companies. This study presents the results of a survey from the analysis of 178 questionnaires answered from November, 2013 to March, 2014. This paper analyzes the risk management projects in the construction industry in the state of Rio Grande do Sul, proposing three specific objectives: to know how companies react from the risks, in order to understand their exposure to construction projects based on the theory of utility; to identify if the participating companies manage the risks formally or informally, in order to check the practices, processes, and techniques frequently applied; to explain the main risks faced in building projects in the current scenario and the perception of the participating companies. There were, at least, two reasons for this study: the adoption of formal practices in risk management has been referenced as more and more emerging for the construction industry; besides, surveys on risk management in projects are pertinent to provide relevant information, as for the academic field as for businesses. However, little has been done in the Brazilian construction industry. The analysis of the results confirmed the theory studied, that is, that the construction industry tends to perceive risks as negative effects on project performance. The attitude of the sample proved to be neutral, almost daring, with greater motivation of companies to expose themselves to risky situations on the perception of higher profit from the contracts, while less tolerant when facing larger losses. Most participating companies signaled to adopt informal risk management, although, in contrast to the theory, less than half of those, signaled to adopt reserve of budget contingency for the risks. The companies which adopted formal risk management confirmed, in general, the low frequency of practices, processes and techniques of systematic risk management, as recommended by the related literature. It was also found that the risk factors of highest probability and impact on the projects, in the current scenario, and in the perception of the sampled companies were: difficulties in environmental regulation; failures in ensuring safety; and shortage of professional and/or qualified workforce. Apart from that, the highest levels of risk inherent in the complexity of projects in execution were assigned to the following elements: professional experience, extreme time constraint, and number of parts and interdependencies.

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Štěpánková, Vladěna. "Finanční dopady rizik ve stavebnictví a jejich řízení." Doctoral thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2017. http://www.nusl.cz/ntk/nusl-364622.

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The present dissertation studies financial impacts of risks in the construction industry, providing one of possible ways of the risks expression and monitoring, through which they can be efficiently managed. Theoretical assumptions and selected methodology provided basis for an overall analysis of the Czech Republic construction market, identifying possible external risks sources including their processing and description. The present dissertation aims at finding major risks and assessing their financial impacts that pose threats to companies active in the construction sector, indeed a specific sector for doing business. These risks have been compiled in a Risk Catalogue intended as a guide for selected risks management. To elaborate on the risks identified, two specific companies have were selected, having provided their data (financial reports, accounts statements, number of projects contracted including their volume and type, personnel information, etc.), as well as key indicators they have been using. The dissertation outcome presents construction sector analysis and Risk Register compilation. The work clearly defines the procedure of the Register compilation, possibly to be used by construction companies with respect to recurrent activities and the risks involved. The Catalogue sorts risks in categories and defines their possible occurrence as well as their financial impact on the company. Furthermore, it presents their possible management, i.e. how they can be minimized or even eliminated, as well as necessary costs involved. Indeed, the costs have to be considered in the sense of financial impacts so that it does not result in covering risks with rather low financial impact.

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Svensson, Sandra. "Förenklad riskbedömning av byggvaruprodukter innehållande kemiska ämnen : För anställdas hälsa på kommunalägda Bostads AB Mimer." Thesis, Mälardalens högskola, Akademin för ekonomi, samhälle och teknik, 2015. http://urn.kb.se/resolve?urn=urn:nbn:se:mdh:diva-28884.

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This bachelor thesis is about chemical products from the construction industry which are being used by the company Bostads AB Mimer (Mimer), owned by the municipality Västerås in Sweden. The company owns apartments and houses around the city. The aim of this bachelor thesis is to do a simplified risk assessment of the chemical products from a health and environmental point. The report also gives suggestions of substitutional products. The thesis work consists of a literature study, an analysis of how other companies within the housing sector are working with chemical products and a case study, in addition to the simplified risk assessment. The case study contains a selection of Mimer's chemical products. In order to succeed with the simplified risk assessment, the chemical product’s risks and hazards has been identified through safety data sheets (SDS). Different aspects have been taken into account in the simplified risk assessment. The selection of the chemical products were made after existence frequency and legislative product labeling. The report's results gave 16 selected chemical products, that are risk assessed. Of the 16 chemical products, eight products have a high risk score from a heath point. Suggestions of less hazardous chemical products are given to nine chemical products. The essay's conclusions are that some of the selected chemical products are hazardous to the health and the environment, due to their chemical substances. The staff at Mimer's has a high frequency of use of the chemical products in general. Most of the other companies in the housing sector that were investigated in the analysis, had a systematic work on chemicals.

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Ibidapo, Olutope Olamiwale. "Evaluation of risk management practices in the construction industry in Swaziland." 2014. http://encore.tut.ac.za/iii/cpro/DigitalItemViewPage.external?sp=1001380.

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M. Tech. Quantity Surveying (Structured)
Risk is a predominant phenomenon and an inherent challenge in the construction industry; the ability to control its occurrence minimises its impact on the operation of the industry and determines the profitability of the construction projects. This research was carried out to examine the project phases during which the construction industries in Swaziland carry out risk management, to identify and examine the methods, tools, procedures for and approaches to risk management. Furthermore, the research intended to identify the criteria for risk sharing amongst parties in the Swaziland Construction industries.

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Walewski, John. "International project risk assessment." Thesis, 2005. http://hdl.handle.net/2152/1751.

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Wang, Yu-ren. "Applying the PDRI in project risk management." Thesis, 2002. http://wwwlib.umi.com/cr/utexas/fullcit?p3108531.

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Wong, Evia Oi Wan. "Strategic risk sharing to improve the construction industry in Hong Kong /." 1999. http://arrow.unisa.edu.au:8081/1959.8/84584.

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Silverio, Eduardo Sosa. "Enhancing risk identification workshops an idea generation approach /." 2010. http://hdl.handle.net/10048/1144.

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Thesis (M. Sc.)--University of Alberta, 2010.
Title from pdf file main screen (viewed on July 8, 2010). A thesis submitted to the Faculty of Graduate Studies and Research in partial fulfillment of the requirements for the degree of Master of Science in Construction Engineering and Management, Civil & Environmental Engineering Department, University of Alberta. Includes bibliographical references.

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Alsalman, Ali Abdullah. "Construction risks allocation : optimal risk allocation decision support model." Thesis, 2012. http://hdl.handle.net/1957/36018.

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It has been suggested that projects in the construction industry are subject to risks more than other industries. However, there is often little parity in allocation of risks in the construction industry. Usually, project participants allocate risks by aversion where owners tend to shift risks to the primary contractor, who in turn transfers them to the subcontractors. As a result of this, risks are not necessarily allocated/ re-allocated to the party that is best able to manage them efficiently and effectively. Risk allocation can significantly influence the behavior of the project participants and hence affects project schedule, cost and performance. Inappropriate risk allocation has led to adversarial relationships between contracting participants and has consequently increased project cost. The objective of this dissertation is to shed light on the current practices of risk allocation in the construction industry. The dissertation consists of three sections. The first section investigates and evaluates the problems of the current practice of risks allocation and their impacts on project performance. The second section investigates, identifies, and classifies barriers to optimal risk allocation. The third section looks into allocating construction risk from a more cooperative and rational perspective. The goal is to provide the construction industry with a rational decision-making mechanism that will provide an alternative to the current practice of typically allocating risks by aversion. To meet the objectives, structured survey questionnaires for Sections One and Two were used. The first survey found that the current practice of risk allocation has four major problems. These problems include: 1. Dispute, claims and tension leads to adversarial relationships. 2. Competitive relationship leads to aggressive relationships. 3. Subjective pricing of risk leading to higher contingency. 4. Allocation by aversion that leads to misallocation of risks. The second survey found thirteen barriers to optimal risk allocation, which were classified into three main categories: behavioral, technical, and organizational barriers. Lack of an efficient risk allocation mechanism ranks at the top of the identified barriers. These findings were linked, in causal-effects relationships, to formulate an analytic model for the current practice of risk allocation. This dissertation uses the research findings and the rational decision-making process to develop a practical mechanism for optimizing risk allocation. The developed mechanism was then fine-tuned and validated by a Delphi expert panel technique. The developed mechanism should aid construction industry professionals and construction project participants in making rational and economical risk allocation decisions to alleviate the identified above-mentioned problems, overcome the identified barriers, and improve project efficiency by minimizing the negative impacts of the current practice of risk allocation on project cost, schedule and overall project performance.
Graduation date: 2013
Access restricted to the OSU Community at author's request from Jan. 4, 2013 - July 4, 2013

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"The Zachman Framework applied to construction engineering risk management." Thesis, 2012. http://hdl.handle.net/10210/5140.

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M.Ing.
The research is based on the complexity of project management and risk management fields and how applying each field on its own can be problematic. This poses an everyday challenge to project managers when implemented simultaneously and such a problem predominantly exists in the engineering construction field.The challenge faced by project managers is approached throughout the research study by introducing a commonly used six order matrix framework with a high success rate in analysing and dissecting complex fields into small fragments. The framework is known as the Zachman Framework for Enterprise Architecture. However this is only done once a thorough literature review of both project and risk management as well as the limitations of the Zachman Framework have been well documented.Once the Zachman Framework for Construction adaptation is complete, it is then applied to an inner city construction case study. The results of the case study are used to determine if throughout the project lifecycle it has been possible to analyse and implement all project and risk management requirements simultaneously with little or no correction of project constraints.Using a developed integrated risk management tool which graphically tracks aggregate risk( s) in cost and time together with the Zachman Framework for Construction, the case study results reveal that it is possible to increase the ability to simultaneously manage risk and normal activities by concluding that the project constraints (i.e. cost) are accurately estimated and accomplished. In conclusion the research study,discussion and recommendations are made in order to implement all cells within the Zachman Framework for Construction therefore increasing the success of any project and risk management construction field.

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Li-LingLiu and 劉麗玲. "Risk Management of Strategic Alliance In Construction Industry - the Example of Turnkey Projects." Thesis, 2015. http://ndltd.ncl.edu.tw/handle/9wtum4.

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碩士
國立成功大學
高階管理碩士在職專班(EMBA)
103
In recent years, the projects for public constructions have gradually replaced the traditional contracts with turnkey contracts, and therefore many constructors have formed strategic alliances with different companies to bid for the public construction projects. While there are advantages in this strategy alliance, there is still a conservable level of risk. This study analyzes three laws suits the case company encountered in turnkey contracts. After summarizing the process and results of legal negotiations or judgments, this study identifies the causes of disputes and develops possible preventive responses to potential disputes, with the intention to provide the government and the participants of turnkey contract with guidelines to control the risk and reduce losses in future contracting.

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Maia, Manuel Carlos Teixeira da Costa. "Enterprise risk management and firm value : evidence from the construction & engineering industry." Master's thesis, 2020. http://hdl.handle.net/10400.14/32072.

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O principal objetivo deste trabalho é investigar a relação entre a Gestão de Risco Empresarial (GRE), em particular relativamente ao seu nível de implementação, e o valor empresarial. O trabalho foi desenvolvido em contexto organizacional através de um Estágio Curricular com duração de seis meses no departamento de Risco e Compliance do Grupo Mota-Engil, uma empresa de construção portuguesa. Assim, este estudo aborda as implicações de avaliação da GRE em empresas da indústria da Engenharia e Construção. Contribui para a literatura na GRE através do desenvolvimento de uma nova medida para o nível de implementação de GRE, baseada no mais recente programa de GRE desenvolvido pela COSO (Committee of Sponsoring Organizations of the Treadway Commission) em 2017. Segundo o meu conhecimento, é também o primeiro trabalho que investiga a relação entre a GRE e o valor empresarial na indústria da Engenharia e Construção, uma indústria considerada como uma das principais candidatas à adoção da GRE (Durm, 2009). Em termos práticos, o trabalho procura também contribuir para uma maior perceção por parte do Grupo Mota-Engil relativamente à importância da GRE no seu contexto específico, fazendo uma análise orientada para empresas definidas como comparáveis. Os principais resultados não mostram evidência de uma relação entre a GRE e o valor empresarial. Testes adicionais realizados corroboram os principais resultados, não havendo evidência de uma relação significativa entra a adoção da GRE e o valor empresarial. No entanto, a GRE parece estar associada a um melhor desempenho contabilístico. Estes resultados contrariam a teoria económica, mas são consistentes com outros estudos previamente realizados. Apesar de o estudo da GRE e das suas implicações em termos de valor estar ainda em uma fase embrionária, esta investigação pode constituir um ponto de partida para o seu estudo na indústria da Engenharia e Construção.
This main purpose of this work is to investigate whether a relation exists between Enterprise Risk Management (ERM), in particular its level of implementation, and firm value. The work was developed in organizational context through a six-month internship in the Risk and Compliance area of the Portuguese contractor Mota-Engil Group. As so, this study addresses the valuation implications of ERM on companies of the Construction & Engineering industry. It contributes to the ERM literature by studying the value implications of ERM using a new proxy to measure the level of ERM implementation, based on the most recent ERM Framework developed by the Committee of Sponsoring Organizations (COSO, 2017). To my best knowledge, it is also the first work that investigates the relation between ERM and firm value in the Construction & Engineering industry, an industry advocated to be a prime candidate to adopt ERM (Durm, 2009). In practical terms, it is also intended to contribute for the awareness of the Mota-Engil Group about the importance of ERM on its specific context, providing an analysis guided for the defined comparable companies. The main results provide no evidence of a relation between ERM and firm value. Additional tests corroborate the main results as there is no evidence of a significant effect of the engagement of ERM on firm value. However, ERM seems to be associated with better accounting performance. These results contradict the economic theory, but are consistent with some previous studies. Although the study of ERM and its value implications is still on its infancy, this research can provide a starting point for its study in the Construction & Engineering industry.

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Fischer, Riaan. "Barriers to effective risk management on small construction projects in South Africa." Thesis, 2016. http://hdl.handle.net/10539/22183.

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A research report submitted to the Faculty of Engineering and the Built Environment, University of the Witwatersrand, Johannesburg, in partial fulfilment of the requirements for the degree of Master of Science in Building, 2016.
This study aims to determine the barriers to effective risk management on small construction projects that exist within the South African construction industry. This was based on the realisation that few studies exist on risk management for small construction projects. This study sets out to fill this gap in the existing literatures with specific reference to the South African construction industry particularly for small projects. The research methodology was based on cross-sectional survey of registered industry practitioners with the South African Council for Project and Construction Management Professions (SACPCMP) using a semi-structured questionnaire administered online. From 325 practitioners that viewed the online questionnaire, 57 responded, this translates to a response rate of 17.5%. The respondents rated the identified barriers to effective risk management, the perception that risk management implementation will impact on project performance and provided qualitative feedback on contractual and attitudinal issues pertaining to risk management implementation. The barriers identified as inhibiting effective risk management the most were lack of knowledge, complexity of analytical tools and lack of time. The research revealed that perception of key decision makers pertaining to risk management, impact on risk management implementation. The consensus from the participants was that implementing risk management would positively impact on project performance, especially quality performance. The results revealed that in the South African construction industry Sixty-nine percent of the practitioners indicated SMMEs lack the required skill to implement risk management effectively. Sixtynine percent of the practitioners indicated that risk is not allocated to the party best equipped to manage the risks. Lastly fifty-six percent of respondents noted that construction partnering and shared risk management may assist in overcoming the barriers to effective risk management implementation as presented in the current research.
EM2017

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TAN, WANG-SHU, and 譚旺樹. "Empirical Research on Occupational Disaster Risk Management - Take the construction industry as an example." Thesis, 2019. http://ndltd.ncl.edu.tw/handle/4hvtd5.

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碩士
崇右影藝科技大學
經營管理系
107
Occupational safety and health management has an emphasis on disaster risk management as it is an important part of business management. A major occupational injury can lead to loss of property, cause injuries to personnel, and even cause a crisis within the company, so occupational injury risk management is an important issue for a company’s sustainable operation. Over the years, major work-related disasters have led to the deaths of countless workers as well as the suffering of their families, which caused the government to convene the CEO Working Safety Conference, which discusses workplace environment improvement methods, as well as further developing of risk management laws that ensure the safety of workers. An investigation over the past decade was held into major work-related disasters in the construction industry, which is the highest incidence rate in the industry sector (at 47%). It is obvious that there is still a lot of room for improvement in creating occupational injury risk management system. This study used the major disaster relief information and the major occupational injury case platform information obtained from the Bureau of Labor Insurance, Ministry of Labor from 1998 to 2017, to determine occupational injuries within the construction industry during this time period. A literature review analysis method was used with the Plato analysis and the domino theory to relate with statistical chart and case empirical risk assessment methods to determine: (1) the relationship between high-risk causes of major occupational injuries and occupational safety and health management within the construction industry; (2) the characteristics of the major industrial disaster relief workers in the construction industry and other high-risk groups; (3) blind spots in safety and health management and occupational risk assessment within Taiwan’s construction industry; and (4) how risk management can be used to reduce the number of major occupational injuries through improved safety and health management strategies. The results of the study have determined the basic causes of major occupational injuries, which is mostly the failure to implement occupational safety and health management within small-scale regions of the construction industry. The types of high-risk injuries are mostly falling, tumbling, or collapsing (72.14%). This study focuses on the research results, and the cause and effect diagram are used to create risk improvement strategies for personnel, overall safety management, those working with machinery, and in the workplace environment. A mind map was used to formulate a construction industry risk management plan that can reduce the impact of the occupational injury risk for the company, and effectively improve the workplace safety for construction industry workers.

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Okumbe, James Ouko. "Assessment of mechanisms to manage financial risks in the South African construction industry." 2014. http://encore.tut.ac.za/iii/cpro/DigitalItemViewPage.external?sp=1001524.

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D. Tech. Civil Engineering
Construction contracts have provisional clauses to control financial risks, but studies have shown that cost overruns are still common, which require the inclusion of additional management techniques to improve cost estimates. The research investigated, analysed and identified the shortcomings that exist within the current mechanisms to manage financial risk. A new risk ranking model that can be used to eliminate construction cost overruns in South Africa was developed. The study sought the views from a variety of construction professionals, based on knowledge and experiences within their own organisations, to explore new mechanisms to limit the risk impact of persistent cost overruns.

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"Assessment and Development of Contractors’ Mitigation Practices Towards Risks out of Contractors’ Control in the Saudi Construction Industry." Doctoral diss., 2018. http://hdl.handle.net/2286/R.I.49236.

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abstract: Recent studies have identified that contractors in the Saudi construction industry are not the main party that cause risks as owners and other parties have the major share of causing risks. However, with the identification that risks out of contractors’ control are a leading cause of low performance, there is a lack of efficient risk mitigation practices in Saudi to manage these risks. The main aim of this dissertation is to assess the current practices applied by contractors to minimize risk out of their control and develop a risk mitigation model to manage these risks. The main objectives of the study are: investigating the risks that are out of contractors’ control, assessing the contractors’ current risk mitigation and performance measurement practices, and finally developing and validating a risk mitigation model to minimize risks out of contractors’ control and measure performance of involved project parties. To achieve the study aim, a mixed methodological approach was adopted. Theoretical approaches were utilized to review previous research and to develop a conceptual risk mitigation framework followed by a practical approach that is considered with collecting data from contractors. The quantitative method was mainly used to meet the study objectives through distributing a survey in the form of a questionnaire. As a consolidation of the study findings, the top ranked risks that are out of contractors’ control were identified. Furthermore, the results identified that the contractors’ current risk management and performance measurement practices are not effective in minimizing projects risks caused by other parties and ineffective in measuring performance of all parties. The developed model focuses on increasing accountability of project parties through mitigating project parties’ activities and risks with measuring the deviations and identifying sources of deviations. Transparency is utilized in the model through sharing weekly updates of the activities and risks combined with updated information of performance measurements of all project parties. The study results showed that project risks can be minimized and projects’ performance can be increased if contractors shift their focus using the developed model from only managing their own activities and risks to managing all project parties’ activities and risks.
Dissertation/Thesis
Doctoral Dissertation Construction Management 2018

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"Improving the Saudi Arabia Procurement System: Perception and Development of the Construction Industry." Doctoral diss., 2017. http://hdl.handle.net/2286/R.I.45001.

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abstract: ABSTRACT The current Saudi Arabian (SA) procurement system leads to many losses in money and benefits in projects. Also, the use of the traditional procurement system in SA has been identified as one of the causes for poor performance in the delivery of construction and the major risk to the SA government. A questionnaire has been developed and carefully designed based on literature review. The purpose of the survey was to identify the validity of the recent claims that the procurement system in SA is broken and to improve the current SA procurement system. The questionnaire was sent out to 1,396 participants including included 867 engineers, 256 consultants, 93 contractors, 35 owners and 132 architects and 13 academics. All participants have been registered and licensed professionals at the SA Council for professional engineers, who work in both private and public sectors. The participants are interested in the SA procurement and contracts system with experience ranging from one to more than twenty-five years with the majority of twenty-five years of experience in common construction sectors such as; residential and commercial buildings, healthcare buildings, industrial building and heavy civil construction. Most of the participants from both private and public sectors agreed with the survey questions subject matter regarding: zone price proposals, contractors' evaluation, risks, planning, projects' scope, owners concern and weekly risks reports (WRR). The survey results showed that the procurement system is the major risk to projects, affects construction projects negatively and is in need of improvement. Based on the survey and literature review, a model, called Saudi government performance procurement model (SGPPM), has been developed in which the most expert contractor is chosen through four phases: submittals& education, vendors selection, illustration and execution. The resulting model is easy to implement by SA government and does not require special skills or backgrounds.
Dissertation/Thesis
Doctoral Dissertation Construction Management 2017

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Asgari, Sadegh. "Modeling Construction Competitive Bidding: An Agent-Based Approach." Thesis, 2016. https://doi.org/10.7916/D8BG2NW7.

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The construction industry is a complex, multi-level system that includes a large collection of independent, heterogeneous organizations and institutions and is associated with several economic sectors and markets. Because of its unique characteristics, the construction industry as one of the major economic sectors and contributors to the economic development of the nation needs its own specific and dedicated economics. The shortcomings of the existing methodologies call for the use of more sophisticated modeling tools that can capture more important aspects of the real world and its complexity in particular the interconnections among elements of the system, their idiosyncrasies, and emergent behavior. As a pioneer attempt in the exploration of a new theory of construction economics, this study aims to found the first building blocks of the comprehensive economic model of the construction industry. In this dissertation, an agent-based approach is applied to model the low-bid lump-sum construction competitive bidding by which most construction works are allocated. This model has several advantages over the previous analytical and empirical models including the capability of observing the bidding process dynamics, the interaction between the heterogeneous and learning agents, and the emergent bidding patterns arising from multiple scenarios of market conditions and contractors’ attributes. Then the model is used as a virtual laboratory for conducting a variety of experiments to answer several important research questions in the field of construction economics. The main research objectives of this study are to: (1) analyze the effectiveness of major quantitative methods in the bidding environment under a variety of market conditions (2) study the effect of contractors’ risk behavior, cost estimating and project management skills, and complexity of projects on contractors’ choice of optimal markup, long-term financial growth and market share (3) investigate the impact of risk behavior and need for work on contractors’ performance. The results presented in this dissertation offer new understandings and insights on the construction bidding environment and recommendations for both owners and contractors’ competitive success, which are not available using conventional approaches. In particular, results suggest that (1) using Friedman model can result in considerably higher market share whereas using Gates model can result in higher profit per project, (2) the optimal policy for contractors is moderation in both dimensions of risk attitude and need for work, (3) the comparative performance of slightly and extremely risk averse contractors are depending on level of cost estimating accuracy and project execution skills of contractors as well as the level of project complexities.

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Mathenge, Njeri Karuga. "Designers' perspectives on early contractor involvement as a means to improve the safety performance on construction sites." Thesis, 2016. http://hdl.handle.net/10539/20119.

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A Research Report proposal submitted to the Faculty of Engineering and the Built Environment, University of the Witwatersrand, in partial fulfilment of the requirements for the degree of Masters of Science (Building) Project Management in Construction. Johannesburg 2015
The construction industry is one of the major industries in the world and has one of the poorest records in Occupation Health and Safety. In developing countries with improved political and economic stability in recent years, infrastructure developments have significantly increased which has implications for the industry to deliver projects safely. Many designers’ in the construction industry in developed countries believe that contractors have knowledge to offer concerning safety as they have the experiences from different projects and can pin point potentially hazardous risks in the design phase of the project and consequently improve on the Health and Safety and Safety Performance of a project. This research aimed to discover what designers’ in the South African construction industry perceived about the use of ECI in the industry and its effect on the safety performance on construction sites. A review of the literature showed that the designers in the construction industry had various perceptions towards trust and commitment of the contractor towards safety and liability issues among other concerns. Twenty-nine questions were identified, which formed the basis of the quantitative analysis that was undertaken. Five hundred architects, engineers and project managers were identified from the Gauteng Province of South Africa and a questionnaire survey emailed to them. A census sample was used in this research and despite the low response rate (9%) from the participants; the data collected was seen as representative of the population. Analysis of the data collected from this survey revealed that designers believe that the use of ECI in the construction industry may improve the safety performance of the project as well as including contractors earlier in the design phase may be beneficial in enhancing safety during construction. The research also revealed that the designers believe that contractors have knowledge to offer in designing for safety as well as identifying potentially hazardous risks that may elude the designers during the design phase. From the data collected, a number of recommendations were developed to promote the use of ECI in developing countries including a review of policies and guidelines in the construction regulations so as to boost the use of ECI and consequently reduce the number of accidents and fatalities in the industry and as well as improve the overall safety performance of construction sites in South Africa. The overall finding of this research show that the designers in the South African construction industry have a positive attitude towards the use of ECI in the construction industry and are ready to implement it mainly due to the fact that it has a positive impact on the health and safety of workers as well as the overall safety performance of construction sites.

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Maroge, Joshua. "An investigation into the use of safety risk management to improve project parameters in the construction industry in South Africa." Thesis, 2013. http://hdl.handle.net/10539/12421.

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Construction industry has for many years developed a very bad reputation for coping with project schedule, cost, quality and safety. Not only does construction industry deliver expensive buildings late, it contributes to disproportionate numbers of work-related injuries and fatalities as well. Project safety risk management is acknowledged as one of the techniques that can be implemented on construction projects to enhance performance of the construction contractors in South Africa. This research report investigates the use of project safety risk management by contractors, and evaluates the relationship that exists between project safety risk management and project parameters relative to schedule, cost, quality and safety in the construction industry in South Africa. The research report adopted empirical study in order to achieve the objectives. An in depth literature review was carried out in order to identify safety project management processes that can be used by construction contractors. To establish how project safety risk management is currently being implemented in the South African construction industry and its importance to projects parameters, a research question was developed based on the information from literature review. The research questionnaire was sent out to 101 construction contractors in the Gauteng province of South Africa. Fifty eight (58) contractors completed the questionnaire. The study has established that positive relationship exists between projects safety risk management and project parameters in the construction industry in South Africa. This study recommends that construction contractors in South Africa should proactively implement project safety risk management processes in order to improve projects performance. Furthermore, the study recommends that project safety risk management should not be implemented only during the construction phase by contractors, but should be implemented on all phases of the project cycle by all the stakeholders including clients and professional team.

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Mkhulisa, Nhlanhla Nsizwa Patrick. "Evaluation of disaster risk management in flood prone areas: a case study of Bramfischerville." Thesis, 2017. https://hdl.handle.net/10539/24197.

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Thesis is submitted in partial fulfilment for the degree of Master of Science in Development Planning to the Faculty of Engineering and the Built Environment, School of Architecture and Planning at the University of the Witwatersrand, Johannesburg, 2017
Throughout the 21st century, floods have caused major disasters in urban areas worldwide and especially in Africa. Several factors influence the ability of government to manage flood disasters through the phases of, preparedness, mitigation, response and recovery at a local level. The vulnerability of poor communities to flood disasters exacerbates the impact of the flooding on their livelihoods. The inability of governments to communicate effectively with communities about preparedness strategies for flood mitigation has resulted in much damage in urban areas. The study used semi-structured interviews with Disaster Management officials and community members involved in flooding to evaluate the Disaster Risk Management in Bramfischerville. The fieldwork took place in Bramfischerville that was affected by the 2009 floods. The research revealed that the 2009 Bramfischerville floods were caused by heavy rains, the building of RDP housing on a floodplain and ineffective implementation of Disaster Management strategies by the CoJ. This research argues that in order to understand flood disasters, cooperation between all stakeholders involved in Disaster Management is vital in knowledge accumulation. The 2009 floods had negatively impacted the livelihoods of people in Bramfischerville. Their houses were damaged and they had difficulty traveling to work and school. In this view, the costs associated with floods are continuously being a debt for the people living in Bramfischerville. This research found that the disjuncture between the community and the City of Johannesburg (CoJ) officials exacerbates the negative impacts floods have on people’s livelihoods in Bramfischerville.
MT2018

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"Analysis of the State of Practice and Best Practices for Alternative Project Delivery Methods in the Transportation Design and Construction Industry." Doctoral diss., 2014. http://hdl.handle.net/2286/R.I.27405.

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abstract: Alternative Project Delivery Methods (APDMs), namely Design Build (DB) and Construction Manager at Risk (CMAR), grew out of the need to find a more efficient project delivery approach than the traditional Design Bid Build (DBB) form of delivery. After decades of extensive APDM use, there have been many studies focused on the use of APDMs and project outcomes. Few of these studies have reached a level of statistical significance to make conclusive observations about APDMs. This research effort completes a comprehensive study for use in the horizontal transportation construction market, providing a better basis for decisions on project delivery method selection, improving understanding of best practices for APDM use, and reporting outcomes from the largest collection of APDM project data to date. The study is the result of an online survey of project owners and design teams from 17 states representing 83 projects nationally. Project data collected represents almost six billion US dollars. The study performs an analysis of the transportation APDM market and answers questions dealing with national APDM usage, motivators for APDM selection, the relation of APDM to pre-construction services, and the use of industry best practices. Top motivators for delivery method selection: the project schedule or the urgency of the project, the ability to predict and control cost, and finding the best method to allocate risk, as well as other factors were identified and analyzed. Analysis of project data was used to compare to commonly held assumptions about the project delivery methods, confirming some assumptions and refuting others. Project data showed that APDM projects had the lowest overall cost growth. DB projects had higher schedule growth. CMAR projects had low design schedule growth but high construction schedule growth. DBB showed very little schedule growth and the highest cost growth of the delivery methods studied. Best practices in project delivery were studied: team alignment, front end planning, and risk assessment were identified as practices most critical to project success. The study contributes and improves on existing research on APDM project selection and outcomes and fills many of the gaps in research identified by previous research efforts and industry leaders.
Dissertation/Thesis
Doctoral Dissertation Civil Engineering 2014

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49

Осипова, А. Г., and A. G. Osipova. "Совершенствование учетно-аналитического обеспечения в управленческой деятельности на строительных предприятиях : магистерская диссертация." Master's thesis, 2017. http://hdl.handle.net/10995/48441.

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В сложившейся экономической ситуации организации строительной отрасли резко нуждаются в проведении работы по разработке методических рекомендаций по организации управленческого учета. Системообразующим и неотъемлемым элементом управленческого учёта является управленческая отчётность. Однако в настоящее время не существует каких-либо специальных отраслевых методических рекомендаций по организации управленческого учета в фирмах строительной отрасли, а также какой- либо универсальной модели управленческой отчётности. Необходимо сформировать новый подход к механизму формирования управленческого учёта исходя из цели организации эффективно¬го функционирования деятельности строительной фирмы. Данная проблема для строительства довольно значима, и в настоящее время необходимо постоянно совершенствовать отдельные элементы учетно-аналитической системы, основу которой составляет управленческий учёт.
Drastically need to work on the development of methodological recommendations on the organization of management accounting. The backbone and an integral element of management accounting is management accounting. However, at present there are no industry-specific methodical recommendations on the organization of management accounting in companies of the construction industry, as well as any universal model of management reporting. It is necessary to create a new approach to the mechanism of formation of management accounting based on the goals of the organization and effective functioning of the activities of the construction company. The problem for construction is quite important and currently it is necessary to continuously improve the individual elements of accounting and analytical system, which is based on management accounting.

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Matangira, Peace Aaron. "Investigating climate change intervention strategies in opencast mining contracting and plant hire companies: a case of mutual construction company group of companies, South Africa." Diss., 2017. http://hdl.handle.net/10500/23270.

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Climate change has come to be understood as a deleterious phenomenon, which threatens business, society and ecological systems, thus making it imperative to understand its impact on human, social and economic activities as well as the impact of these activities on climate change. Against this background, this research sought to determine climate change intervention strategies in the mining supply chain in general, specifically focussing on opencast mining contracting and plant hire companies’ practices. This focus on the mining industry was driven by its importance in South Africa and globally, despite its significant direct and indirect contribution to climatic changes. The mixed-methods multiple case study focused on the climate change management of the Mutual Construction Company Group of Companies (MCCGC), an open cast toll mining firm and equipment supplier. Limited to two sites, Pilanesberg Platinum Mines (PPM) and Tharisa Minerals (Tharisa) Mines, the researcher gathered data through interviews, questionnaires, observations and document review. Data was analysed through deductive content analysis. The research made three major findings: (i) the MCCGC, like its principals PPM and Tharisa, does not have an explicit climate change management strategy. Instead, climate change is managed indirectly through implicit strategies seeking to manage environment, health and safety concerns of the mines, (ii) as a contractor, the MCCGC has had to adopt PPM and Tharisa’s implicit approach to climate change management strategies to meet contractual obligations, instead of an explicit approach and, (iii) the MCCGC and its principals’ commitment to environment, health and safety management, and implicitly climate change management, is not mere rhetoric but is being put into practice. The research concluded that MCCGC’s lack of expressed climate change management intentions and practices exposed the firm to climate change risks, most notably financial risks and reputation risks. Financial risks arise from possible ex post climate change liability. In addition, MCCGC is risking its contract tenures, particularly if the two mines change ownership and the new owners insist on an explicit rather than implied climate change strategy with all its suppliers. Reputational risks arise from the possible failure to attract new clientele and investors who may perceive MCCGC as a risky partner, due to an inept climate change intervention strategy
College of Agriculture and Environmental Sciences
M. Sc. (Environmental Management)

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Dissertations / Theses on the topic 'Construction industry – Risk management – Swaziland'

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