Risk Management in the Chinese Construction Industry

Tang, Wenzhe; Qiang, Maoshan; Duffield, Colin; Young, David M.; Lu, Youmei

doi:10.1061/(asce)0733-9364(2007)133:12(944)

Cited by 151 publications

(95 citation statements)

References 50 publications

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“…When it is required to check whether the mean values of a specific variable from more than two independent groups are significantly consistent, the one-way ANOVA test is normally conducted [29,30]. Similar to the t-test, the value of a parameter "Sig" needs to be established when conducting the ANOVA test in order to read the level of difference between more than two groups of professionals about their perceptions of a specific variable's importance.…”

Section: One-way Anova Testmentioning

confidence: 99%

Critical Factors Affecting the Quality of Industrialized Building System Projects in China

et al. 2017

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Whilst the benefits of applying an industrialized building system (IBS) have been well recognized globally in the construction industry, the application of IBS is particularly limited in developing countries such as China, and quality is considered one of the key issues affecting its application. This paper identifies a number of the key quality factors which present barriers to the promotion of IBS within the context of the Chinese construction industry. These include key factors such as "Inaccurate design of the connecting points between core components", "Lack of design norms and standards for IBS components", "Lack of quality criteria for IBS components", "Lack of production norms and standards for IBS components", "Lack of quality management system in production process", and "Lack of technical guidelines for the construction of IBS projects". The data used for analysis are derived from a comprehensive practical survey. The validity of the data is examined by using a statistical method. The findings from the study provide valuable references for formulating effective measures to mitigate the negative effects of these quality factors on IBS application in China, thereby ensuring that practice of the IBS system can be further developed within the country.

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Section: One-way Anova Testmentioning

confidence: 99%

Critical Factors Affecting the Quality of Industrialized Building System Projects in China

et al. 2017

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“…Table 7 shows that each study identifies five risks in the top 10 list of the other study. Three risk factors in the Tang et al [7] study are less in ranking within the top 10 risk factors and two risk factors are not found in the other research. The top three risk factors are existing in both studies with slight difference in the ranking order.…”

Section: Comparison With the International Construction Industriesmentioning

confidence: 58%

“…The top three risk factors are existing in both studies with slight difference in the ranking order. Changing needs risk is not found in Tang et al's [7] study. Also, political instability is not found.…”

Section: Comparison With the International Construction Industriesmentioning

confidence: 77%

“…Tang et al [7] conducted a study to report the findings of an empirical Chinese industry survey on the importance of project risks, application of risk management techniques, status of the risk management system, and the barriers to risk management, which were perceived by the main project participants. Table 7 shows that each study identifies five risks in the top 10 list of the other study.…”

Section: Comparison With the International Construction Industriesmentioning

confidence: 99%

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Risk Analysis for Mega Shopping Mall Projects in Egypt

Ezeldin¹,

Ibrahim²

2015

JCEA

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Mega shopping mall projects have seen dramatic growth and great development in recent years in Egypt. Many new mega shopping mall projects are under construction and expecting to start working in the few coming years. In the absence of researches studying the Egyptian mega shopping mall projects, this study tries to highlight the most critical risks that face these projects and the associated most effective response methods to be employed. The scope covers the analysis from different perspectives by including owners/developers, designers, consultants, project managers, and contractors that have previous experience in large-scale projects such as shopping mall projects. In this study, 30 construction project risks are classified into six main categories according to their type and 150 risk mitigation/elimination measures are introduced to overcome the impact of risks under each of these risk categories. The results reveal that the main risk category that faces the mega shopping mall projects in Egypt is the one including the financial risk factors. The most critical risk factor that faces these projects is the financial ability of the client. These results are similar to findings by previous researches conducted for large projects in other countries.

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“…Zou et al [15] introduced 85 risk factors for construction in China that were prioritized according to their effects on distinctive project objectives in terms of time, quality, environment, cost and safety. At the same time, Tang et al [82] in their research for the construction industry in China presented 32 risk factors in five groups: quality, design, safety, financial and facility. Karim et al [83], in their research about contractor's perceptions of significant risks in construction projects in Malaysia, classified 25 risks in five categories such as construction, political, design, financial and environment.…”

Section: Classification and Identification Of Risksmentioning

confidence: 99%

DEMATEL-ANP Risk Assessment in Oil and Gas Construction Projects

et al. 2017

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Oil and gas construction projects are complex and risky because of their dynamic environment. Furthermore, rising global energy demand has increased the need for trustworthy risk assessment models for such projects that can provide adequate and precise policy planning. Traditional risk assessments in oil and gas construction projects do not consider the interrelationships of factors in the best-fit models. The Decision Making Trial and Evaluation Laboratory (DEMATEL) and Analytic Network Processes (ANP), called the DEMATEL-ANP approach, have been applied to other research disciplines to address this shortcoming. This method is able to construct a structural relationship among the different influence factors to visualize complex correlations. Thus, the purpose of this study is to showcase the DEMTAL-ANP risk assessment model to assess the overall risk factors of OGC projects. This study thus identifies the crucial risk criteria of such projects. Data were collected in 2016 through interviews with experts active in OGC projects in Iran. DEMATEL in this situation is used to determine the interdependencies' relative strengths among the risks. The ANP method is applied to assess the relative importance of the risk factors and to determine the best strategy for implementation of a risk management program. The results presented in this study are a novel adaptation of the risk assessment methodology to OGC projects that determines the important risk factors that directly affect the project success, which in turn helps in formulation of policies for ensuring reliable energy supply planning.

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Risk Management in the Chinese Construction Industry

Cited by 151 publications

References 50 publications

Critical Factors Affecting the Quality of Industrialized Building System Projects in China

Critical Factors Affecting the Quality of Industrialized Building System Projects in China

Risk Analysis for Mega Shopping Mall Projects in Egypt

DEMATEL-ANP Risk Assessment in Oil and Gas Construction Projects

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