A review of infrastructure project risk management
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| date | 2014-08-17 08:17:56 |
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| id | 11239 |
| institution | UniSZA |
| internalnotes | Anthony, M., 2001. A systematic approach to risk management for construction. Struct. Surv., 19: 245-252. Beidleman, C.R., D. Fletcher and D. Veshosky, 1990. On allocating risk: The essence of project finance. Sloan Manage. Rev., 31: 47-55. Bent, F., 2006. From nobel prize to project management: Getting risks right. Project Manage. J., 37: 5-15. Bing, L., R.L.K. Tiong, W.W. Fan and D.A.S. Chew, 1999. Risk management in international construction joint ventures. J. Constr. Eng. Manage., 125: 277-284. Cervone, H.F., 2006. Project risk management. OCLC Syst. Serv., 22: 256-262. Chapman, C.B. and D.F. Cooper, 1983. Risk analysis: Testing some prejudices. Eur. J. Opera. Res., 14: 238-247. Chapman, C.B. and S.C. Ward, 1997. Project Risk Management: Processes, Techniques and Insights. John Wiley and Sons, Chichester, UK. Charette, R., 1989. Software Engineering Risk Analysis and Management. McGraw Hill Co., New York, USA., ISBN-13: 9780070106611, Pages: 325. Cooper, M.D., 2005. Exploratory analyses of the effects of managerial support and feedback consequences on behavioral safety maintenance. J. Organ. Behav. Manage., 26: 1-41. Craciun, M., 2011. A new type of risk in infrastructure projects. Mod. Econ., 2: 479-482. Earl, M.J., 1996. The risk of outsourcing IT. Sloan Manage. Rev., 37: 26-32. Elkington, P. and C. Smallman, 2002. Managing project risks: A case study from the utilities sector. Int. J. Project Manage., 20: 49-57. Fulmer, J., 2009. What in the world is infrastructure? PEI Infrastructure Investor July/August, 2009, pp: 30-32. Grant, K. and K. Witness, 2010. Measuring project risk management process for construction contractors with statement indicators linked to numerical scores. Eng. Constr. Arch. Manage., 17: 336-351. Hobbs, B. and M. Aubry, 2006. Desribing and analysing project management offices. Proceeding of 20th IPMA Aorld Congress on Project Management, Volume 1, October 15-17, 2006, Shanghai, China, pp: 588-593. ISO-31000, 2009. World first risk management standard. ISO, Geneva, Switzerland. Jha, K.N. and M.N. Devaya, 2008. Modelling the risks faced by indian construction companies assessing international projects. Constr. Manage. Econ., 26: 337-348. Keil, M., P.E. Cule, K. Lyytinen and R.C. Schmidt, 1998. Identifying. Commun. ACM, 41: 76-83. Khumpalsal, S., 2007. Risks in the construction project procurement process and the mitigation methods. J. Architect. Plann. Res. Stud., 5: 135-145. Kwak, Y.H. and C.W. Ibbs, 2002. Project management Process Maturity (PM) 2 model. J. Manage. Eng., 18: 150-155. Lu, S.T., Y.C. Kuo and S.H. Yu, 2010. Risk assessment model for the railway reconstruction project in Taiwan. Proceedings of the 9th International Conference on Machine Learning and Cybernetics, July 11-14, 2010, Qingdao, pp: 1017-1022. Miller, R. and D. Lessard, 2001. Understanding and managing risks in large engineering projects. Int. J. Project Manage., 19: 437-443. Nguyen, V., S.O.O. Thuyet and K.D. Prasanta, 2007. Risk management in oil and gas construction projects in Vietnam. Int. J. Energy Sect. Manage., 1: 175-194. O'Sullivan, S.M.S., 2003. Economics: Principles in Action. Pearson Prentice Hall, New Jersey, ISBN-13: 9780130634504, Pages: 592. Olofsson, A. and S. Ohman, 2007. Views of risk in Sweden: Global fatalism and local control: An empirical investigation of ulrich beck's theory of new risks. J. Risk Res., 10: 177-196. PMI, 2004. A Guide to the Project Management Body of Knowledge (PMBOK Guide). 3rd Edn., Project Management Institute, Newton Square, PA. Perminova, O., M. Gustafsson and K. Wikstrom, 2008. Defining uncertainty in projects: A new perspective. Int. J. Project Manage., 2: 73-79. Shen, L.Y., G.W.C. Wu and S.K.N. Catherine, 2001. Risk assessment for construction joint ventures in China. J. Construct. Eng. Manage., 127: 76-81. Sorge, M., 2004. The nature of credit risk in project finance. BIS Q. Rev., 6: 91-101. Tah, J.H.M. and V. Carr, 2000. A proposal for construction project risk assessment using fuzzy logic. J. Construct. Manage. Econ., 18: 491-500. Timothy, J.K., 2009. Project Management: A Contemporary Approach: Organize, Plan, Perform. Thomson Learning EMEA, Limited, Southwest, WV, USA, ISBN-13: 9780324657975, Pages: 449. Webb, A., 1994. Managing Innovative Projects. Chapman and Hall, London. Williams, T., 1995. A classified bibliography of recent research relating to project risk management. Eur. J. Oper. Res., 85: 18-38. |
| originalfilename | 5447-01-FH02-FPPP-14-01077.jpg |
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| spelling | 11239 https://intelek.unisza.edu.my/intelek/pages/view.php?ref=11239 https://intelek.unisza.edu.my/intelek/pages/search.php?search=!collection407072 Restricted Document Article Journal UniSZA Unisza unisza image/jpeg inches 96 96 800 23 23 1428 2014-08-17 08:17:56 1428x800 5447-01-FH02-FPPP-14-01077.jpg UniSZA Private Access A review of infrastructure project risk management International Business Management Every successful project is highly dependent on the effective management of related risk exposures. The challenge is obviously the task of identifying and assessing the potential risks for projects to ensure that such risks could possibly be mitigated effectively with managerial efficiency. This study provides, a discussion of the various types of potential risks encountered during and throughout the entire course of project management. For that matter, managing infrastructure projects on a large scale, especially those projects which are being funded by Sukuk (Islamic Bond) can be rather complex primarily when dealing with both the project and Sukuk risks during the implementation of these projects. Rigorous review on earlier literature on risk-related were conducted to identify the different types of risk exposures. The types of risk can be identical and possibly encountered when managing infrastructure projects. With the identification of the various types of risk, the stakeholders (owners, joint venture partners, consultants, clients, sponsors and the financiers) could possibly have a much better understanding of the various types of risk involved in managing infrastructure projects, especially at the intiation stage of the projects and also during the preparation of the project charter for infrastructure projects which are being funded by the Islamic capital market. 8 6 Medwell Journals Medwell Journals 342-347 Anthony, M., 2001. A systematic approach to risk management for construction. Struct. Surv., 19: 245-252. Beidleman, C.R., D. Fletcher and D. Veshosky, 1990. On allocating risk: The essence of project finance. Sloan Manage. Rev., 31: 47-55. Bent, F., 2006. From nobel prize to project management: Getting risks right. Project Manage. J., 37: 5-15. Bing, L., R.L.K. Tiong, W.W. Fan and D.A.S. Chew, 1999. Risk management in international construction joint ventures. J. Constr. Eng. Manage., 125: 277-284. Cervone, H.F., 2006. Project risk management. OCLC Syst. Serv., 22: 256-262. Chapman, C.B. and D.F. Cooper, 1983. Risk analysis: Testing some prejudices. Eur. J. Opera. Res., 14: 238-247. Chapman, C.B. and S.C. Ward, 1997. Project Risk Management: Processes, Techniques and Insights. John Wiley and Sons, Chichester, UK. Charette, R., 1989. Software Engineering Risk Analysis and Management. McGraw Hill Co., New York, USA., ISBN-13: 9780070106611, Pages: 325. Cooper, M.D., 2005. Exploratory analyses of the effects of managerial support and feedback consequences on behavioral safety maintenance. J. Organ. Behav. Manage., 26: 1-41. Craciun, M., 2011. A new type of risk in infrastructure projects. Mod. Econ., 2: 479-482. Earl, M.J., 1996. The risk of outsourcing IT. Sloan Manage. Rev., 37: 26-32. Elkington, P. and C. Smallman, 2002. Managing project risks: A case study from the utilities sector. Int. J. Project Manage., 20: 49-57. Fulmer, J., 2009. What in the world is infrastructure? PEI Infrastructure Investor July/August, 2009, pp: 30-32. Grant, K. and K. Witness, 2010. Measuring project risk management process for construction contractors with statement indicators linked to numerical scores. Eng. Constr. Arch. Manage., 17: 336-351. Hobbs, B. and M. Aubry, 2006. Desribing and analysing project management offices. Proceeding of 20th IPMA Aorld Congress on Project Management, Volume 1, October 15-17, 2006, Shanghai, China, pp: 588-593. ISO-31000, 2009. World first risk management standard. ISO, Geneva, Switzerland. Jha, K.N. and M.N. Devaya, 2008. Modelling the risks faced by indian construction companies assessing international projects. Constr. Manage. Econ., 26: 337-348. Keil, M., P.E. Cule, K. Lyytinen and R.C. Schmidt, 1998. Identifying. Commun. ACM, 41: 76-83. Khumpalsal, S., 2007. Risks in the construction project procurement process and the mitigation methods. J. Architect. Plann. Res. Stud., 5: 135-145. Kwak, Y.H. and C.W. Ibbs, 2002. Project management Process Maturity (PM) 2 model. J. Manage. Eng., 18: 150-155. Lu, S.T., Y.C. Kuo and S.H. Yu, 2010. Risk assessment model for the railway reconstruction project in Taiwan. Proceedings of the 9th International Conference on Machine Learning and Cybernetics, July 11-14, 2010, Qingdao, pp: 1017-1022. Miller, R. and D. Lessard, 2001. Understanding and managing risks in large engineering projects. Int. J. Project Manage., 19: 437-443. Nguyen, V., S.O.O. Thuyet and K.D. Prasanta, 2007. Risk management in oil and gas construction projects in Vietnam. Int. J. Energy Sect. Manage., 1: 175-194. O'Sullivan, S.M.S., 2003. Economics: Principles in Action. Pearson Prentice Hall, New Jersey, ISBN-13: 9780130634504, Pages: 592. Olofsson, A. and S. Ohman, 2007. Views of risk in Sweden: Global fatalism and local control: An empirical investigation of ulrich beck's theory of new risks. J. Risk Res., 10: 177-196. PMI, 2004. A Guide to the Project Management Body of Knowledge (PMBOK Guide). 3rd Edn., Project Management Institute, Newton Square, PA. Perminova, O., M. Gustafsson and K. Wikstrom, 2008. Defining uncertainty in projects: A new perspective. Int. J. Project Manage., 2: 73-79. Shen, L.Y., G.W.C. Wu and S.K.N. Catherine, 2001. Risk assessment for construction joint ventures in China. J. Construct. Eng. Manage., 127: 76-81. Sorge, M., 2004. The nature of credit risk in project finance. BIS Q. Rev., 6: 91-101. Tah, J.H.M. and V. Carr, 2000. A proposal for construction project risk assessment using fuzzy logic. J. Construct. Manage. Econ., 18: 491-500. Timothy, J.K., 2009. Project Management: A Contemporary Approach: Organize, Plan, Perform. Thomson Learning EMEA, Limited, Southwest, WV, USA, ISBN-13: 9780324657975, Pages: 449. Webb, A., 1994. Managing Innovative Projects. Chapman and Hall, London. Williams, T., 1995. A classified bibliography of recent research relating to project risk management. Eur. J. Oper. Res., 85: 18-38. |
| spellingShingle | A review of infrastructure project risk management |
| summary | Every successful project is highly dependent on the effective management of related risk exposures. The challenge is obviously the task of identifying and assessing the potential risks for projects to ensure that such risks could possibly be mitigated effectively with managerial efficiency. This study provides, a discussion of the various types of potential risks encountered during and throughout the entire course of project management. For that matter, managing infrastructure projects on a large scale, especially those projects which are being funded by Sukuk (Islamic Bond) can be rather complex primarily when dealing with both the project and Sukuk risks during the implementation of these projects. Rigorous review on earlier literature on risk-related were conducted to identify the different types of risk exposures. The types of risk can be identical and possibly encountered when managing infrastructure projects. With the identification of the various types of risk, the stakeholders (owners, joint venture partners, consultants, clients, sponsors and the financiers) could possibly have a much better understanding of the various types of risk involved in managing infrastructure projects, especially at the intiation stage of the projects and also during the preparation of the project charter for infrastructure projects which are being funded by the Islamic capital market. |
| title | A review of infrastructure project risk management |
| title_full | A review of infrastructure project risk management |
| title_fullStr | A review of infrastructure project risk management |
| title_full_unstemmed | A review of infrastructure project risk management |
| title_short | A review of infrastructure project risk management |
| title_sort | review of infrastructure project risk management |