hosseini-criticalsuccess-2016.pdf (1008.82 kB)
Critical success factors for implementing risk management systems in developing countries
journal contribution
posted on 2023-08-08, 05:05 authored by M Reza Hosseini, N Chileshe, J Jepson, M ArashpourA 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.
History
Journal
Construction Economics and BuildingVolume
16Pagination
18-32Location
Sydney, N.S.W.ISSN
2204-9029eISSN
1837-9133Language
EnglishPublication classification
C Journal article, C1 Refereed article in a scholarly journalCopyright notice
2016, The AuthorsIssue
1Publisher
UNIV TECHNOLOGY, SYDNEY-UTS EPRESSUsage metrics
Categories
No categories selectedKeywords
Social SciencesManagementBusiness & EconomicsCritical success factorsrisk managementthe construction industrydeveloping countriesCONSTRUCTION PROJECTSIDENTIFICATIONPRODUCTIVITYMODELcritical success factorsSchool of Architecture and Built Environment970112 Expanding Knowledge in Built Environment and Design120201 Building Construction Management and Project Planning3302 Building
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