Enhancing the effectiveness of risk management practices in Sri Lankan road construction projects: a Delphi approach

Perera, B.A.K.S., Rameezdeen, Raufdeen, Chileshe, Nicholas and Hosseini, M. Reza 2014, Enhancing the effectiveness of risk management practices in Sri Lankan road construction projects: a Delphi approach, International journal of construction management, vol. 14, no. 1, pp. 1-14, doi: 10.1080/15623599.2013.875271.

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Title Enhancing the effectiveness of risk management practices in Sri Lankan road construction projects: a Delphi approach
Author(s) Perera, B.A.K.S.
Rameezdeen, Raufdeen
Chileshe, Nicholas
Hosseini, M. RezaORCID iD for Hosseini, M. Reza orcid.org/0000-0001-8675-736X
Journal name International journal of construction management
Volume number 14
Issue number 1
Start page 1
End page 14
Total pages 14
Publisher Taylor & Francis
Place of publication London, Eng.
Publication date 2014
ISSN 1562-3599
Keyword(s) risk management
construction industry
Delphi study
road projects
Sri Lanka
Summary The purpose of this study was twofold: (1) Identifying the risks that are critical for risk management of road construction projects in Sri Lanka on a life cycle basis and (2) defining the shares of the parties involved in projects in terms of handling the identified risks. A Delphi study was conducted among 33 Sri Lankan experts (consultants, project managers, contractors) in three rounds. The findings showed that the construction and design phases are prone to many major risks. Moreover, ‘delays in payment by the client’ was the most critical risk factor in the construction stage. Furthermore, it was established that some major risks could occur in more than one phase of the project life cycle, stressing the necessity of handling these risk factors as a prerequisite for project success. The discussions presented in this study would enhance the effectiveness of implementing risk management practices in Sri Lankan road construction projects. From a broader vantage point, it will also serve the risk management body of knowledge in the construction industry.
Language eng
DOI 10.1080/15623599.2013.875271
Field of Research 120201 Building Construction Management and Project Planning
Socio Economic Objective 970112 Expanding Knowledge in Built Environment and Design
HERDC Research category C1.1 Refereed article in a scholarly journal
ERA Research output type C Journal article
Copyright notice ©2014, Taylor & Francis
Persistent URL http://hdl.handle.net/10536/DRO/DU:30089456

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