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...

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Main Authors:	Bahamid, Rami A., Doh, Shu Ing
Format:	Conference or Workshop Item
Language:	English
Published:	2017
Subjects:	HD61 Risk Management
Online Access:	http://umpir.ump.edu.my/id/eprint/19464/ http://umpir.ump.edu.my/id/eprint/19464/1/fkasa-2017-rami-A%20Review%20of%20Risk%20Management%20Process.pdf

id	ump-19464
recordtype	eprints
spelling	ump-194642020-02-28T07:24:10Z http://umpir.ump.edu.my/id/eprint/19464/ A Review of Risk Management Process in Construction Projects of Developing Countries Bahamid, Rami A. Doh, Shu Ing HD61 Risk Management 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. 2017 Conference or Workshop Item PeerReviewed application/pdf en http://umpir.ump.edu.my/id/eprint/19464/1/fkasa-2017-rami-A%20Review%20of%20Risk%20Management%20Process.pdf Bahamid, Rami A. and Doh, Shu Ing (2017) A Review of Risk Management Process in Construction Projects of Developing Countries. In: The Global Congress on Construction, Material and Structural Engineering 2017 (GCoMSE 2017), 28-29 August 2017 , Johor Bahru, Malaysia. pp. 1-8..
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Malaysia Pahang
building	UMP Institutional Repository
collection	Online Access
language	English
topic	HD61 Risk Management
spellingShingle	HD61 Risk Management Bahamid, Rami A. Doh, Shu Ing A Review of Risk Management Process in Construction Projects of Developing Countries
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.
format	Conference or Workshop Item
author	Bahamid, Rami A. Doh, Shu Ing
author_facet	Bahamid, Rami A. Doh, Shu Ing
author_sort	Bahamid, Rami A.
title	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_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_sort	review of risk management process in construction projects of developing countries
publishDate	2017
url	http://umpir.ump.edu.my/id/eprint/19464/ http://umpir.ump.edu.my/id/eprint/19464/1/fkasa-2017-rami-A%20Review%20of%20Risk%20Management%20Process.pdf
first_indexed	2023-09-18T22:27:47Z
last_indexed	2023-09-18T22:27:47Z
_version_	1777416082246598656

A Review of Risk Management Process in Construction Projects of Developing Countries

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