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The impact of risk management practices on the performance of construction projects

AL Saadi, Nasser and Zakuan, Norhayati (2021) The impact of risk management practices on the performance of construction projects. Estudios de Economia Aplicada, 39 (4). pp. 1-10. ISSN 1133-3197


Official URL: http://dx.doi.org/10.25115/eea.v39i4.4164


Construction performance and risk management has been widely discussed in the literature from various perspectives. The main objective of performing risk management in construction industry is to ensure timely delivery of good construction within sepecific budget. However, the failure of many construction projects in meeting deadlines, cost and quality targets is continuously on the rise and there are signs of accentuating year after year suffering significant financial losses of construciton works in Oman. Therefore, there is a need for empirical evidences to explain the relationship between risk management and project performance. This study applied quantitative methods to examine this relationship. Construciton companies from grade excellent to grade second in Oman haven included in the survey. The result revealed that practicing risk managementimprove the performance of construciton project significantly. Based on this result it is essential to hire qualified project managers who has sufficient knowledge in risk managmeent and its main activities.

Item Type:Article
Uncontrolled Keywords:Construction Projects, Project Performance, Risk Management
Subjects:H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
ID Code:97955
Deposited By: Widya Wahid
Deposited On:10 Nov 2022 09:26
Last Modified:10 Nov 2022 09:26

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