Abstracts – Browse Results
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Bowen, P A, Edwards, P J and Cattell, K (2009) Value management practice in South Africa: the built environment professions compared. Construction Management and Economics, 27(11), 1039–57.
Bryde, D J and Volm, J M (2009) Perceptions of owners in German construction projects: congruence with project risk theory. Construction Management and Economics, 27(11), 1059–71.
- Type: Journal Article
- Keywords: project management; risk management; owner; interview; Germany; risk perceptions
- ISBN/ISSN: 0144-6193
- URL: https://doi.org/10.1080/01446190903222403
- Abstract:
The construction industry is a major user of formal project risk management practices, yet risk is often dealt with inadequately, which is a contributory factor to poor performance. Conceptual developments propose a holistic view of risk incorporating threats and opportunities and the management of uncertainty. To optimize a risk management process there needs to be a reflection of this holistic view in management practice. A key project participant is the owner and understanding the perceptions of project risk of construction owners is an important step in assessing the degree to which practices reflect theory. Semi-structured interviews were conducted with 10 practitioners in German construction owner organizations to explore their perceptions of project risk. The results showed no common definition of project risk and a general belief that risk equated to threat. Some owners did manage opportunities and saw a link between threats and opportunities, yet this practice seemed more the result of experience than an awareness that it was an integral part of a theoretical risk management framework. Most owners perceived risk to encompass uncertainty and the sources of uncertainty perceived as most important were those linked to a longer timescale, such as the ability to let out buildings.
Doloi, H (2009) Relational partnerships: the importance of communication, trust and confidence and joint risk management in achieving project success. Construction Management and Economics, 27(11), 1099–109.
Liu, S-S and Wang, C-J (2009) Two-stage profit optimization model for linear scheduling problems considering cash flow. Construction Management and Economics, 27(11), 1023–37.
McGrath-Champ, S and Rosewarne, S (2009) Organizational change in Australian building and construction: rethinking a unilinear ‘leaning’ discourse. Construction Management and Economics, 27(11), 1111–28.
Nguyen, N H, Skitmore, M and Wong, J K W (2009) Stakeholder impact analysis of infrastructure project management in developing countries: a study of perception of project managers in state-owned engineering firms in Vietnam. Construction Management and Economics, 27(11), 1129–40.
Pietroforte, R, Gregori, T and Falagario, M (2009) The changing input structure of the US construction industry: a longitudinal analysis. Construction Management and Economics, 27(11), 1089–98.
Tseng, C-L, Zhao, T and Fu, C C (2009) Contingency estimation using a real options approach. Construction Management and Economics, 27(11), 1073–87.
Xia, B, Chan, A P C and Yeung, J F Y (2009) Identification of key competences of design-builders in the construction market of the People's Republic of China (PRC). Construction Management and Economics, 27(11), 1141–52.