How procurement options influence risk management in construction projects

Osipova, Ekaterina; Eriksson, Per-Erik

doi:10.1080/01446193.2011.639379

Cited by 89 publications

(68 citation statements)

References 34 publications

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“…This is congruent with the finding of Osipova andEriksson (2011: 1151) who point out that most of the risks eventuate in the construction phase. Risks during this stage are normally due to poor monitoring and control of risks (Goh & Abul-Rahman, 2013: 21).…”

Section: Stage Of Project Where Risks Should Be Mitigatedsupporting

confidence: 91%

Deciphering priority areas for improving project risk management through critical analysis of pertinent risks in the Zambian construction industry

Tembo-Silungwe

Khatleli

2017

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Risk identification is the first step in the riskmanagement process. A plethora of current studies in literature dwell overwhelmingly on risk identification much to the exclusion of the source, and the possible mitigation interventions. In a limited effort to address this deficiency in the body of knowledge, this article reports the results of a study conducted using 15 purposive semi-structured interviews and 198 questionnaires targeting clients, contractors and consultants in the building sector in Zambia. This study uses threats to identify improvement areas in the Zambian Construction Industry (ZCI). As a consequence, this research uses the pertinent risk factors as a point of critical analysis to recommend improvement areas for project risk management.Findings show that most of the risks could be categorised as managerial, technical and finance related and could severally be associated with clients, consultants, and contractors compared to project managers. These could be mitigated in the pre-contract phase and construction phase, with the most deficient knowledge areas being cost management, procurement management, integration management, communication manage ment, and scope management. This article provides areas of focus for built environ ment professionals to improve project delivery and thereby enhance project execution efficiency.

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Section: Stage Of Project Where Risks Should Be Mitigatedsupporting

confidence: 91%

Deciphering priority areas for improving project risk management through critical analysis of pertinent risks in the Zambian construction industry

Tembo-Silungwe

Khatleli

2017

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“…In addition to the aforementioned methods, Smith et al (2014); Kutsch and Hall, (2010) add doing nothing as a distinct response or treatment method. Lu and Yan (2013;Osipova and Eriksson, (2011);Lehtiranta, (2014) advocates for risk sharing. Additionally, PMI (2008) outlines exploit, share, enhance and accept as response mechanism for positive risks.…”

Section: Risk Allocation Methods and Mechanisms Used Within Methodsmentioning

confidence: 99%

“…Further to this, partnering and alliancing (Lehtiranta, 2014); and target cost contracting (Wamuziri and Seywright, 2005) have opened up avenues for risk sharing. This view is supported by Osipova and Eriksson (2011). It is however, common practice that this method of risk allocation is used when no other method can be utilized.…”

Section: Sharementioning

confidence: 98%

“…The form of payment defines who takes a risk if the final cost of construction activities is higher than the estimated cost (Osipova and Eriksson, 2011). The form of payment is achieved by using an appropriate contract type that needs to be chosen with the possible risks allocated appropriately.…”

Section: Risk Allocation In Architectural Engineering and Constructimentioning

confidence: 99%

“…The starting point in risk allocation is the selection of an appropriate contract type based on the characteristics of a project (Dhanushkodi, 2012;Osipova and Eriksson, 2011). Zagloul and Hartman (2003); Moazzami et al, (2011) agree that inappropriate contract types lead to inappropriate risk allocation.…”

Section: The Proposed Conceptual Modelmentioning

confidence: 99%

See 2 more Smart Citations

A Conceptual Model for Risk Allocation in the Construction Industry

Tembo-Silungwe¹,

Khatleli²

2017

American Journal of Applied Sciences

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Appropriate risk allocation influences positive project delivery on construction projects while inappropriate allocation results in disputes, quality shortfalls, time and cost overruns. The existing body of knowledge provides guides on how risks should be allocated between the contracting parties. Nevertheless, the full appreciation of risks allocation is rarely given as risk allocation is more than just which party should bear a risk. This study provides a conceptual model of the various ways risks could be allocated. (2013) are used to demonstrate the practicality of the conceptual model. An understanding of risk allocation prerequisites might help to mitigate risks that influence project performance negatively. The use of this conceptualization may help to assign a risk with more than one treatment option to maximize a positive outcome of a negative risk factor.

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Ethical Selection and Appointment Processes for the Construction Industry

2022

Professional Ethics in Construction and Engineering

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How procurement options influence risk management in construction projects

Cited by 89 publications

References 34 publications

Deciphering priority areas for improving project risk management through critical analysis of pertinent risks in the Zambian construction industry

Deciphering priority areas for improving project risk management through critical analysis of pertinent risks in the Zambian construction industry

A Conceptual Model for Risk Allocation in the Construction Industry

Ethical Selection and Appointment Processes for the Construction Industry

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