An Assessment Of Risk Identification In Large Construction Projects In Iran

One of the most important issue that a project manager must address in construction project management is risk management. Risk management includes identifying risks, assessing risks either quantitatively or qualitatively, choosing the appropriate method for handling risks, and then monitoring an...

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Main Authors: Tadayon, Mehdi, Jaafar, Mastura, Nasri, Ehsan
Format: Article
Language:English
Published: Penerbit Universiti Sains Malaysia 2012
Subjects:
Online Access:http://eprints.usm.my/42151/
http://eprints.usm.my/42151/1/Art_4_jcdc17-s1.pdf
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author Tadayon, Mehdi
Jaafar, Mastura
Nasri, Ehsan
author_facet Tadayon, Mehdi
Jaafar, Mastura
Nasri, Ehsan
author_sort Tadayon, Mehdi
building USM Institutional Repository
collection Online Access
description One of the most important issue that a project manager must address in construction project management is risk management. Risk management includes identifying risks, assessing risks either quantitatively or qualitatively, choosing the appropriate method for handling risks, and then monitoring and documenting risks. By identifying risks in an early stage of planning and assessing their relative importance, project managers can identify methods used to reduce risks and allocate the best people to mitigate them. Thus, this research focuses on risk identification, as opposed to other processes of risk management. In Iran, "brain-storming sessions" is the most popular method used frequently to identify the risks in projects as deduced from a questionnaire survey from participants in large construction projects. Time and cost management need to be fully integrated with the identification process. Time constraints and project managers with sufficient experience are critical when identifying the level of risk for large and/or complex projects. The most considerable types of risk in construction projects are financial risks, construction risks, and demand or product risks.
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spelling usm-421512018-09-27T07:41:20Z http://eprints.usm.my/42151/ An Assessment Of Risk Identification In Large Construction Projects In Iran Tadayon, Mehdi Jaafar, Mastura Nasri, Ehsan TH1-9745 Building construction One of the most important issue that a project manager must address in construction project management is risk management. Risk management includes identifying risks, assessing risks either quantitatively or qualitatively, choosing the appropriate method for handling risks, and then monitoring and documenting risks. By identifying risks in an early stage of planning and assessing their relative importance, project managers can identify methods used to reduce risks and allocate the best people to mitigate them. Thus, this research focuses on risk identification, as opposed to other processes of risk management. In Iran, "brain-storming sessions" is the most popular method used frequently to identify the risks in projects as deduced from a questionnaire survey from participants in large construction projects. Time and cost management need to be fully integrated with the identification process. Time constraints and project managers with sufficient experience are critical when identifying the level of risk for large and/or complex projects. The most considerable types of risk in construction projects are financial risks, construction risks, and demand or product risks. Penerbit Universiti Sains Malaysia 2012 Article PeerReviewed application/pdf en http://eprints.usm.my/42151/1/Art_4_jcdc17-s1.pdf Tadayon, Mehdi and Jaafar, Mastura and Nasri, Ehsan (2012) An Assessment Of Risk Identification In Large Construction Projects In Iran. Journal of Construction in Developing Countries , 17 (1). pp. 57-69. ISSN 1823-6499 http://web.usm.my/jcdc/vol17_s1_2012/Art%204_jcdc17-s1.pdf
spellingShingle TH1-9745 Building construction
Tadayon, Mehdi
Jaafar, Mastura
Nasri, Ehsan
An Assessment Of Risk Identification In Large Construction Projects In Iran
title An Assessment Of Risk Identification In Large Construction Projects In Iran
title_full An Assessment Of Risk Identification In Large Construction Projects In Iran
title_fullStr An Assessment Of Risk Identification In Large Construction Projects In Iran
title_full_unstemmed An Assessment Of Risk Identification In Large Construction Projects In Iran
title_short An Assessment Of Risk Identification In Large Construction Projects In Iran
title_sort assessment of risk identification in large construction projects in iran
topic TH1-9745 Building construction
url http://eprints.usm.my/42151/
http://eprints.usm.my/42151/
http://eprints.usm.my/42151/1/Art_4_jcdc17-s1.pdf