Risk Management Practices in Construction
A Global View
- © 2023
- Ayodeji E. Oke 0 ,
- Pelumi E. Adetoro 1 ,
- Seyi S. Stephen 2 ,
- Clinton O. Aigbavboa 3 ,
- Lukman O. Oyewobi 4 ,
- Douglas O. Aghimien 5
Federal University of Technology Akure, Akure, Nigeria
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Malawi University of Business and Applied Sciences, Blantyre, Malawi
University of johannesburg, johannesburg, south africa, federal university of technology minna, minna, nigeria, de mont fort university, leicester, uk.
Provides an overview of risk management regulations and procedures in countries across the world
Offers a comparative perspective between developed and developing countries
Discusses risk management in the context of sustainability in construction
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Table of contents (13 chapters)
Front matter, general introduction of the book, general introduction.
- Ayodeji E. Oke, Pelumi E. Adetoro, Seyi S. Stephen, Clinton O. Aigbavboa, Lukman O. Oyewobi, Douglas O. Aghimien
Risk Management in Selected Developing Countries
Risk management practices in malaysia, risk management practices in nigeria, risk management practices in qatar, risk management practice in saudi arabia, risk management practices in south africa, risk management practices in sri lanka, risk management practices in tanzania, risk management in selected developed countries, risk management practices in australia, risk management practices in canada, risk management practices in sweden, risk management practices in the united states of america, concluding summary of the book, general summary on risk management, back matter.
- Risk management
- Construction industry
- Project management
- Risk assessment
- Sustainable construction
- Project delivery
- Project performance
About this book
Authors and affiliations.
Ayodeji E. Oke
Pelumi E. Adetoro
Seyi S. Stephen, Clinton O. Aigbavboa
Lukman O. Oyewobi
Douglas O. Aghimien
About the authors
Pelumi Elijah Adetoro is a construction project manager and currently a postgraduate student of Infrastructure Development and Management at the Malawi University of Business and Applied Sciences, Blantyre, Malawi under the Africa Sustainable Infrastructure Mobility Scheme. He is a Building Information Management (BIM) enthusiast. His areas of specialization are academic consultancy, BIM education and general construction. He is a construction cost engineer with practical experience in costing and managing construction projects.
Seyi Segun Stephen is a Construction Manager and a graduate of Federal University of Technology, Akure, Nigeria. He is a Social Psychology and Behavioural Sciences Enthusiast. He also has a flair for literature and his areas of specialization are academic consultancy, psychological education and teaching. He is a Construction Manager and has authored books including Sustainable Construction in the era of the Fourth Industrial Revolution, Value Management Implementation in Construction, and Smart Cities: A Panacea for Sustainable Development. He is currently a postgraduate students at the University of Johannesburg, South Africa
Clinton Ohis Aigbavboa is a Professor in the Department of Construction Management and Quantity Surveying and Director of the DSI/ NRF Research Chair in Sustainable Construction Management and Leadership in the Built Environment and the cidb Centre of Excellence & Sustainable Human Settlement and Construction Research Centre, University of Johannesburg, South Africa. He completed his PhD in Engineering Management and has published several research papers in the area of housing, construction and engineering management and research methodology for construction students. He has extensive knowledge in practice, research, training and teaching.
Lukman Oyekunle Oyewobi has a background in Quantity Surveying and publishes in the general area of construction projects management and strategic management in construction. He is an Associate Professor in the Department of Quantity Surveying, Federal University of Technology Minna, Nigeria. He is a cooperate member of the Nigerian Institute of Quantity Surveyors and a Registered Quantity Surveyor with the Quantity Surveyors Registration Board of Nigeria. Dr Oyewobi has extensive tertiary teaching and research experience in the general area of Quantity Surveying.
Douglas Omoregie Aghimien is a Senior Lecturer in Built Environment at the Faculty of Art Design and Humanities, De Montfort University, Leicester, United Kingdom. He is a vibrant researcher with a keen interest in construction digitalisation, smart and sustainable construction, and value management. He has a PhD in engineering management from the University of Johannesburg and has published over 80 peer-reviewed articles, book and book chapters.
Bibliographic Information
Book Title : Risk Management Practices in Construction
Book Subtitle : A Global View
Authors : Ayodeji E. Oke, Pelumi E. Adetoro, Seyi S. Stephen, Clinton O. Aigbavboa, Lukman O. Oyewobi, Douglas O. Aghimien
DOI : https://doi.org/10.1007/978-3-031-35557-8
Publisher : Springer Cham
eBook Packages : Business and Management , Business and Management (R0)
Copyright Information : The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2023
Hardcover ISBN : 978-3-031-35556-1 Published: 27 July 2023
Softcover ISBN : 978-3-031-35559-2 Due: 10 August 2024
eBook ISBN : 978-3-031-35557-8 Published: 26 July 2023
Edition Number : 1
Number of Pages : XXII, 175
Number of Illustrations : 4 b/w illustrations, 2 illustrations in colour
Topics : Risk Management , Construction Management , Sustainable Development , Civil Engineering
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The Effect of Risk Management Practices on Performance of Small and Medium Scale Enterprises
Enterprise Risk Management
The main objective of the research is to examine the effect of risk management practices on performance of Small and Medium Scale Enterprises (SMEs). The convenience sampling method was used for the study. The study used a sample size of 285 small and medium scale enterprise businesses for the analysis. The study used primary data obtained through questionnaire administration which was analysed using SPSS 25 and Microsoft Excel 2019. The study used both descriptive and inference analysis to analyse the data. According to the findings, low educational level of respondents helped to conclude that risk management is not widely practiced in SME businesses. Risk management practices are not well practiced in SME business because the SME owners possess low level of knowledge in the areas of identifying, assessing, treating and monitoring key operational risks. The positive relationship between risk management practices and performance is indicative that the proper practice of risk manage...
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Krewski, D. "Risk and risk management." Thesis, University of Ottawa (Canada), 1988. http://hdl.handle.net/10393/5272.
Černák, Peter. "Risk Management." Master's thesis, Vysoká škola ekonomická v Praze, 2009. http://www.nusl.cz/ntk/nusl-76579.
Derrocks, Velda Charmaine. "Risk management." Thesis, Nelson Mandela Metropolitan University, 2010. http://hdl.handle.net/10948/1480.
Lin, Yijia. "Mortality Risk Management." Digital Archive @ GSU, 2006. http://digitalarchive.gsu.edu/rmi_diss/14.
El-Ashry, A. E. M. E. "Aviation risk management." Thesis, City University London, 1986. http://openaccess.city.ac.uk/8250/.
COUTINHO, MARIANA RODRIGUES. "PROJECT RISK MANAGEMENT." PONTIFÍCIA UNIVERSIDADE CATÓLICA DO RIO DE JANEIRO, 2010. http://www.maxwell.vrac.puc-rio.br/Busca_etds.php?strSecao=resultado&nrSeq=17098@1.
Yan, Lu. "Risk Management Project." Digital WPI, 2012. https://digitalcommons.wpi.edu/etd-theses/648.
Shen, Chen. "Risk Management Project." Digital WPI, 2012. https://digitalcommons.wpi.edu/etd-theses/650.
Koskela, Niklas, and Carolina Aspfjäll. "Agile Risk Management." Thesis, Högskolan i Halmstad, Akademin för informationsteknologi, 2021. http://urn.kb.se/resolve?urn=urn:nbn:se:hh:diva-44975.
Vahdat, Kamran. "Seismic risk management." Thesis, University of Leeds, 2015. http://etheses.whiterose.ac.uk/9180/.
Cabrera, Brenda López. "Weather risk management." Doctoral thesis, Humboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät, 2010. http://dx.doi.org/10.18452/16181.
Chen, Ying. "Adaptive risk management." Doctoral thesis, Humboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät, 2007. http://dx.doi.org/10.18452/15581.
Bo, Hong. "Risk management and people management : a critical reflection on how risk management can be incorporated into current HR practices." Thesis, University of Portsmouth, 2014. https://researchportal.port.ac.uk/portal/en/theses/risk-management-and-people-management(b0dc2bec-189c-45e5-9d2f-b938542ab853).html.
Erlenmaier, Ulrich. "Risk management in banking credit risk management and bank closure policies /." [S.l. : s.n.], 2001. http://deposit.ddb.de/cgi-bin/dokserv?idn=963752502.
Robertson, Paul S. "Strategic organisational risk management : an investigation of UK risk management practices." Thesis, Cranfield University, 2004. http://dspace.lib.cranfield.ac.uk/handle/1826/2593.
Rahman, M. (Mohammad). "Risk management and measurement of risk management performance in complex projects." Master's thesis, University of Oulu, 2018. http://urn.fi/URN:NBN:fi:oulu-201808312690.
Wolf, Elke. "IS risks and operational risk management in banks /." Lohmar : Eul, 2005. http://www.gbv.de/dms/zbw/480662231.pdf.
Tang, Zhaofeng. "Quantitative risk management under systematic and systemic risks." Diss., University of Iowa, 2019. https://ir.uiowa.edu/etd/7035.
Ma, Shichao, and 马世超. "Stakeholder risk attitudes in safety risk management : exploring the relationship between risk attitude and safety risk management performance." Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 2015. http://hdl.handle.net/10722/210183.
Schrenk-Sigismund, Nina <1992>. "Risk Tolerance in Development NGOs. Developing a Risk Management Process as Part of Enterprise RIsk Management." Master's Degree Thesis, Università Ca' Foscari Venezia, 2020. http://hdl.handle.net/10579/17898.
Misiura, Anna. "Enterprise risk management in the airline industry : risk management structures and practices." Thesis, Brunel University, 2015. http://bura.brunel.ac.uk/handle/2438/11087.
Yener, Tina. "Risk management beyond correlation." Diss., lmu, 2011. http://nbn-resolving.de/urn:nbn:de:bvb:19-142730.
Thorp, Susan Jane Economics Australian School of Business UNSW. "Risk management in superannuation." Awarded by:University of New South Wales. Economics, 2005. http://handle.unsw.edu.au/1959.4/20858.
Lucy, Richard F. "Controlling refinery risk management." Thesis, This resource online, 1991. http://scholar.lib.vt.edu/theses/available/etd-03172010-020343/.
Heng, Yee-Kuang. "War as risk management." Thesis, London School of Economics and Political Science (University of London), 2004. http://etheses.lse.ac.uk/1714/.
McCormack, David. "Risk management database application." Thesis, Cardiff University, 1994. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.321367.
Aas, Roar. "Risk management using derivatives." Thesis, Heriot-Watt University, 1993. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.262000.
Boubala, Helene Gesika Oumbahouin. "Risk management of SMMEs." Thesis, Cape Peninsula University of Technology, 2010. http://hdl.handle.net/20.500.11838/1723.
Kubíček, Jan. "Risk Management Support System." Master's thesis, Vysoké učení technické v Brně. Fakulta informačních technologií, 2010. http://www.nusl.cz/ntk/nusl-237268.
Babková, Ivana. "Supply Chain Risk Management." Master's thesis, Vysoká škola ekonomická v Praze, 2008. http://www.nusl.cz/ntk/nusl-3307.
Monck, John-Paul Henry. "Governance and risk management." Thesis, The University of Sydney, 2017. http://hdl.handle.net/2123/18979.
Wei, Pengyu. "Essays on risk management." Thesis, University of Oxford, 2017. https://ora.ox.ac.uk/objects/uuid:e48bc231-4099-4cd2-b531-70c37af76228.
Giesbert, Lena-Anna. "Microinsurance and risk management." Doctoral thesis, Humboldt-Universität zu Berlin, Landwirtschaftlich-Gärtnerische Fakultät, 2014. http://dx.doi.org/10.18452/16900.
Hay-Gibson, Naomi V. "Risk and records management : investigating risk and risk management in the context of records and information management in the electronic environment." Thesis, Northumbria University, 2011. http://nrl.northumbria.ac.uk/3308/.
Sato, Braxton. "Management Accountants, Risk Management, and Effective Communication." Scholarship @ Claremont, 2012. http://scholarship.claremont.edu/cmc_theses/324.
Rodriguez, Eduardo. "Knowledge management applied to enterprise risk management." Thesis, Aston University, 2010. http://publications.aston.ac.uk/15785/.
Hermansson, Hélène. "Rights at Risk : Ethical Issues in Risk Management." Doctoral thesis, KTH, Filosofi och teknikhistoria, 2007. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-4570.
Hermansson, Hélène. "Rights at risk : ethical issues in risk management /." Stockholm : Filosofi och teknikhistoria, Kungliga Tekniska högskolan, 2007. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-4570.
Novák, Martin. "Value at Risk models for Energy Risk Management." Master's thesis, Vysoká škola ekonomická v Praze, 2010. http://www.nusl.cz/ntk/nusl-71889.
Abou-Reslan, Linda, and Sandra Pehrson. "Risk and Risk Management in Swedish fintech startups." Thesis, Uppsala universitet, Företagsekonomiska institutionen, 2019. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-386467.
Zhang, Lequn. "Extreme Risk Forecast for Quantitative Financial Risk Management." Thesis, Curtin University, 2022. http://hdl.handle.net/20.500.11937/89362.
Hager, Peter. "Corporate Risk Management : Cash Flow at Risk und Value at Risk /." Frankfurt am Main : Bankakademie-Verl, 2004. http://www.gbv.de/dms/zbw/378196367.pdf.
Sithipolvanichgul, Juthamon. "Enterprise risk management and firm performance : developing risk management measurement in accounting practice." Thesis, University of Edinburgh, 2016. http://hdl.handle.net/1842/20949.
Eriksson, Kristofer. "Risk Measures and Dependence Modeling in Financial Risk Management." Thesis, Umeå universitet, Institutionen för fysik, 2014. http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-85185.
Bigdeli, Farah. "Risk Assessment and Risk Management of Nano-Material Toxicity." ScholarWorks@UNO, 2009. http://scholarworks.uno.edu/td/921.
Kallenberg, Kristian. "Business at risk : four studies on operational risk management." Doctoral thesis, Stockholm : Economic Research Institute, Stockholm School of Economics (EFI), 2008. http://www2.hhs.se/efi/summary/776.htm.
Melyekhov, Yevgen. "Risk management ve správě společností." Master's thesis, Vysoká škola ekonomická v Praze, 2016. http://www.nusl.cz/ntk/nusl-264356.
Eid, Wael Kamal Amin. "Mapping the risks and risk management practices in Islamic banking." Thesis, Durham University, 2012. http://etheses.dur.ac.uk/3582/.
Bärlocher, Christian. "Operational Risk Management und Anreizsysteme." St. Gallen, 2009. http://www.biblio.unisg.ch/org/biblio/edoc.nsf/wwwDisplayIdentifier/01648385002/$FILE/01648385002.pdf.
Weber, Frederik. "Longevity risk impact, evaluation, management." Karlsruhe VVW, 2009. http://d-nb.info/1000446581/04.
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Department of Civil and Environmental Engineering Division of Construction Management. Chalmers University of Technology SE-412 96 Göteborg Sweden Telephone: + 46 (0)31-772 1000. Sweden 2011. Risk Management Practices in a Construction Project - a case study. Master of Science Thesis in the Master's Programme.
Thesis submitted in partial fulfillment of the requirements for a master's degree in Business Administration. ... risk management practices to ensure that they are still able to remain in a changing work environment. The current study was conducted on Jordanian insurance companies. Therefore,
1.1.1 Risk Management Practices Risk is defined as the uncertainty associated with a future outcome or event (B anks, 2004). Further, risk is a concept that denotes a potential negative impact to an asset or some characteristic of value that may arise from some present process or future event (D ouglas and Wildavsky, 1982).
continues to unfold at the time of writing this thesis, it has already million claimed 2.8 lives as of 30 March 2021 (19 MapCOVID-, n.d.). Despite the many difficulties of this time, it also provides an opportunity to understand, document, and learn from the disaster risk management efforts and challenges in order to be better prepared for future
defined and described in a set of real risk assessments. This thesis also aims to serve as a contribution to society by influencing in a positive way future practices within risk management and risk assessments. 2 1.2 Objective The main objective of this work is to evaluate the consistency between the way risk is defined and ...
approaches to risk management in international projects within one company vary. More specifically, this thesis looks at how and whether standardized Multiconsult risk management practices have been consistently implemented in the Mt. Coffee hydropower plant project in Liberia and the Jurong Rock Caverns subsea oil storage project in Singapore.
Jagiellonska 57/59 03-301 Warsaw Poland 1 fRisk Management Theory 2 Abstract The aim of this paper is to develop a methodology for thorough empirical testing of major contemporary corporate risk management theories: financial theory, agency theory, stakeholder theory and new institutional economics. Unlike in previous research, the tests are ...
Manuscript (Final Revision): Effect of Risk Management Practices Page 2 1 Introduction to risk management in new product development 1.1 The importance of risk management in new product development programs There are several definitions of risk depending on the application. In decision theory, risk is related to making decisions
The purpose of this study was to investigate the current risk management practices and the risk management system that is adopted by the chosen company. The study used both primary and ... This thesis evaluated how the risk management process is used in the manufacturing industry and how the practitioners are managing risks in everyday ...
the PhD thesis at Napier University Edinburgh, UK, is the first study of its ... success of the risk management practices depends largely on the owner's perception towards risk and formation of ...
implementation of effective risk management practice in construction project enhancement and delivery. The second part gives vivid information about risk management practices in some selected developing countries such as Malaysia, Nigeria, Qatar, Saudi-Arabia, South Africa, Sri-Lankan, and Tanzania. Each chapter
The result further showed that attitude to risk positively affects risk management practices and that there is a strong positive correlation between risk identification and risk management. 2.6 Conceptual Framework The conceptual framework of this study demonstrates the various components of the risk management process and how it influences ...
Enterprise risk management (ERM) is a holistic risk management approach. Prior literature has largely focused on the value enhancing effect of ERM (Kraus and Lehner, 2012). In this study I will make an attempt to prove the positive relation between ERM and internal control quality.
This thesis was carried out to fulfill the master's degree in Risk Management at the Faculty of Science and Technology, University of Stavanger. It would not have been possible without the support and encouragement from people around me. I wish to thank all the people whose assistance was a milestone in the completion of this project.
top management's insight in the risk management process. Through a qualitative approach, based on literature as well as interviews, this master thesis provides an insight into how the key project participants are managing risk. Further, this study examines possible shortcomings with risk management practices and proposes management
Risk management practices: these are approaches used to identify, mitigate, control, prevent and avoid incidences or activities that can affect negatively the implementation or lifecycle of a project Risk prevention: The process of advocating for early detection of risks and coming up with ways of enhancing staff capacity, work plans and ...
The main contribution of this thesis is to assess airline risk management systems, identify core drivers of effective risk management practice, and provide a framework with the aim of guiding airlines in the development of enterprise-wide risk management approaches aligned with the requirements of their institutional and technical contexts.
companies concerning project risk management. The thesis aims to build a model of project risk management as a effective solutions for small businesses. The research is ... on interview techniques were conducted to show the practice of project risk management in the case company. Keywords: risk management, risk, project risk management,
Risk Management in Banks: Determination of Practices and Relationship with Performance By Muhammad Ishtiaq A thesis submitted to the University of Bedfordshire in partial fulfilment of
The aim of this paper is to review the impact of entrepreneurs' attitudes toward the defined business risks on the perception of the future of small and medium-sized enterprises (SMEs). 454 SMEs from the Czech Republic (CR) participated in the research and completed an online questionnaire. Structural equation modelling and factor analysis were ...
Project Risk Management Practice in the Case of Jimma University Projects" under our supervision. This work is original work of the student and it is sufficient for submission as the ... undertake this thesis while on my regular government duty. I would like to extend my special thanks to my advisor Mr. Abel Worku for his assistance and ...
A thesis submitted to the University of Bedfordshire in partial fulfilment of the requirements for the degree of Doctor of Philosophy: en: ... conducts questionnaire data analysis by using ordinary least-squares regression to assess the different aspects risk management practices of banks in Pakistan. Finally, two-stage data envelopment ...