Construction risk taxonomy: an international convergence of academic and industry perspectives

Barlish, Kristen, De Marco, Alberto and Thaheem, Muhammad Jamaluddin 2013, Construction risk taxonomy: an international convergence of academic and industry perspectives, American journal of applied sciences, vol. 10, no. 7, pp. 706-713, doi: 10.3844/ajassp.2013.706.713.

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Title Construction risk taxonomy: an international convergence of academic and industry perspectives
Author(s) Barlish, Kristen
De Marco, Alberto
Thaheem, Muhammad JamaluddinORCID iD for Thaheem, Muhammad Jamaluddin orcid.org/0000-0001-6092-7842
Journal name American journal of applied sciences
Volume number 10
Issue number 7
Start page 706
End page 713
Total pages 8
Publisher Science Publications
Place of publication Dubai, United Arab Emirates
Publication date 2013
ISSN 1546-9239
1554-3641
Summary Risk management is a topic heavily researched and important for industry professionals. Both academic and industry perspectives are critical to advancing this field, especially in risk identification and taxonomy. A unique comparison and convergence of these perspectives is developed in order to understand the most relevant risks for projects and to ensure they are addressed in the risk management process. This comparison is created via a content analysis of the relevant literature and a survey to industry professionals. The differences and similarities among risks are analyzed, revealing that both perspectives emphasize financial/economic risks. The literature tends to focus on political; acts of God classified risks, whereas the industry places emphasis on regulatory risks. An elaboration of variations is performed aiming to improve the literature-based taxonomy taking into account the industry perspective to ensure its risk management process responds to these risks and provides a clearer focus towards future research. © 2013 Science Publication.
Language eng
DOI 10.3844/ajassp.2013.706.713
Indigenous content off
Field of Research MD Multidisciplinary
HERDC Research category C1.1 Refereed article in a scholarly journal
Copyright notice ©2013, K. Barlish et al
Persistent URL http://hdl.handle.net/10536/DRO/DU:30123888

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