Record Details

Critical success factors for implementing risk management systems in developing countries

Construction Economics and Building

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Field Value
 
Title Critical success factors for implementing risk management systems in developing countries
 
Creator Hosseini, M.Reza
Chileshe, Nicholas
Jepson, Jacqueline
Arashpour, Mehrdad
 
Subject Construction Management
Critical success factors, risk management, the construction industry, developing countries.
Risk Management
 
Description A review of published studies on risk management in developing countries reveals that critical success factors for implementing risk management has remained an under-researched area of investigation. This paper is aimed at investigating the perceptions of construction professionals concerning the critical success factors (CSFs) for implementation of risk management systems (IRMS). Survey data was collected from 87 construction professionals from the Iranian construction industry as a developing country. The results indicate that four factors are regarded as highly critical: ‘support from managers’, ‘inclusion of risk management in construction education and training courses for construction practitioners’, ‘attempting to deliver projects systematically’, and ‘awareness and knowledge of the process for implementing risk management’. Assessing the associations among CSFs also highlighted the crucial role of enhancing the effectiveness of knowledge management practices in construction organisations. Study also revealed that parties involved in projects do not agree on the level of importance of CSFs for implementing risk management in developing countries. This study contributes to practice and research in several ways. For practice, it increases understanding of how closely knowledge management is associated with the implementation of risk management systems in developing countries. For research, the findings would encourage construction practitioners to support effective knowledge management as a precursor to higher levels of risk management implementation on construction projects. 
 
Publisher UTS ePRESS
 
Contributor —
 
Date 2016-03-08
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
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Quantitative, Survey
 
Format application/pdf
text/html
 
Identifier http://epress.lib.uts.edu.au/journals/index.php/AJCEB/article/view/4651
10.5130/AJCEB.v16i1.4651
 
Source Construction Economics and Building; Vol 16, No 1 (2016): Construction Economics and Building; 18-32
2204-9029
 
Language eng
 
Relation http://epress.lib.uts.edu.au/journals/index.php/AJCEB/article/view/4651/5228
http://epress.lib.uts.edu.au/journals/index.php/AJCEB/article/view/4651/5243
 
Coverage Developing Countries
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Rights Copyright (c) 2016 M.Reza Hosseini, Nicholas Chileshe, Jacqueline Jepson, Mehrdad Arashpour
http://creativecommons.org/licenses/by/4.0