A review of risk management process in construction projects of developing countries
In the construction industry, risk management concept is a less popular technique. There are three main stages in the systematic approach to risk management in construction industry. These stages include: a) risk response; b) risk analysis and evaluation; and c) risk identification. The high risk re...
| Main Authors: | , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
IOP Publishing
2017
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| Subjects: | |
| Online Access: | http://umpir.ump.edu.my/id/eprint/32158/ http://umpir.ump.edu.my/id/eprint/32158/7/A%20review%20of%20risk%20management%20process.pdf |
| _version_ | 1848823949977190400 |
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| author | S. I., Doh R. A., Bahamid |
| author_facet | S. I., Doh R. A., Bahamid |
| author_sort | S. I., Doh |
| building | UMP Institutional Repository |
| collection | Online Access |
| description | In the construction industry, risk management concept is a less popular technique. There are three main stages in the systematic approach to risk management in construction industry. These stages include: a) risk response; b) risk analysis and evaluation; and c) risk identification. The high risk related to construction business affects each of its participants; while operational analysis and management of construction related risks remain an enormous task to practitioners of the industry. This paper tends towards reviewing the existing literature on construction project risk managements in developing countries specifically on risk management process. The literature lacks ample risk management process approach capable of capturing risk impact on diverse project objectives. This literature review aims at discovering the frequently used techniques in risk identification and analysis. It also attempts to identify response to clarifying the different classifications of risk sources in the existing literature of developing countries, and to identify the future research directions on project risks in the area of construction in developing countries. |
| first_indexed | 2025-11-15T03:05:16Z |
| format | Conference or Workshop Item |
| id | ump-32158 |
| institution | Universiti Malaysia Pahang |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T03:05:16Z |
| publishDate | 2017 |
| publisher | IOP Publishing |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | ump-321582022-01-26T05:07:55Z http://umpir.ump.edu.my/id/eprint/32158/ A review of risk management process in construction projects of developing countries S. I., Doh R. A., Bahamid TA Engineering (General). Civil engineering (General) In the construction industry, risk management concept is a less popular technique. There are three main stages in the systematic approach to risk management in construction industry. These stages include: a) risk response; b) risk analysis and evaluation; and c) risk identification. The high risk related to construction business affects each of its participants; while operational analysis and management of construction related risks remain an enormous task to practitioners of the industry. This paper tends towards reviewing the existing literature on construction project risk managements in developing countries specifically on risk management process. The literature lacks ample risk management process approach capable of capturing risk impact on diverse project objectives. This literature review aims at discovering the frequently used techniques in risk identification and analysis. It also attempts to identify response to clarifying the different classifications of risk sources in the existing literature of developing countries, and to identify the future research directions on project risks in the area of construction in developing countries. IOP Publishing 2017 Conference or Workshop Item PeerReviewed pdf en cc_by http://umpir.ump.edu.my/id/eprint/32158/7/A%20review%20of%20risk%20management%20process.pdf S. I., Doh and R. A., Bahamid (2017) A review of risk management process in construction projects of developing countries. In: IOP Conference Series: Materials Science and Engineering, Global Congress on Construction, Material and Structural Engineering (GCoMSE2017) , 28-29 August 2017 , Johor Bahru, Malaysia. pp. 1-9., 271 (012042). ISSN 1757-899X (Published) https://doi.org/10.1088/1757-899X/271/1/012042 |
| spellingShingle | TA Engineering (General). Civil engineering (General) S. I., Doh R. A., Bahamid A review of risk management process in construction projects of developing countries |
| title | A review of risk management process in construction projects
of developing countries |
| title_full | A review of risk management process in construction projects
of developing countries |
| title_fullStr | A review of risk management process in construction projects
of developing countries |
| title_full_unstemmed | A review of risk management process in construction projects
of developing countries |
| title_short | A review of risk management process in construction projects
of developing countries |
| title_sort | review of risk management process in construction projects
of developing countries |
| topic | TA Engineering (General). Civil engineering (General) |
| url | http://umpir.ump.edu.my/id/eprint/32158/ http://umpir.ump.edu.my/id/eprint/32158/ http://umpir.ump.edu.my/id/eprint/32158/7/A%20review%20of%20risk%20management%20process.pdf |