EFFECT OF RISK ANALYSIS ON PERFORMANCE OF CONSTRUCTION PROJECTS IN KUWAIT

EFFECT OF RISK ANALYSIS ON PERFORMANCE OF CONSTRUCTION PROJECTS IN KUWAIT

Authors

  • Rashid Aldaiyat MPW, Maintenance of road and networks department, Riqqa, Ahmadi, Kuwait

DOI:

https://doi.org/10.14311/CEJ.2021.03.0058

Keywords:

Risk analysis, Construction projects, Project performance, Kuwait

Abstract

Since construction projects are usually associated with high range of risks, risk analysis is an essential part within the decision-making processes in this industry. This study aims at finding the effect of appropriate risk analysis on enhancing the performance of the construction projects in Kuwait. Through this correlational descriptive study, a questionnaire was used to collect the main data where it was distributed on a sample of (150) engineers working in the construction projects in Kuwait. The results showed that risks analysis aspects are highly implemented in Kuwait and that the performance indices for the construction projects are high. Moreover, it was found that there is a statistically significant positive effect of risk analysis on the performance of the construction projects in Kuwait. Finally, the results showed that there were statistically significant differences in the effect of risk analysis on the performance of the construction projects attributed to the project type in favor of the private projects.

           

Downloads

Download data is not yet available.

References

N. Banaitiene and A. Banaitis, "Risk management in construction projects," Risk Management– Current Issues and Challenges. In N. Banaitiene (Ed.), Risk Management–Current Issues and Challenges, pp. 429-448, 2012.

K. Chatterjee, E. K. Zavadskas, J. Tamošaitienė, K. Adhikary, and S. Kar, "A hybrid MCDM technique for risk management in construction projects," Symmetry, vol. 10, no. 2, p. 46, 2018.

M. Loosemore, J. Raftery, C. Reilly, and D. Higgon, "Risk and Uncertainty in Projects," ed: New York, NY, USA: Taylor and Francis, 2006.

S. K. Viswanathan, K. K. Tripathi, and K. N. Jha, "Influence of risk mitigation measures on international construction project success criteria–a survey of Indian experiences," Construction Management and Economics, vol. 38, no. 3, pp. 207-222, 2020.

M. Gunduz and A. M. A. Yahya, "Analysis of project success factors in construction industry," Technological and Economic Development of Economy, vol. 24, no. 1, pp. 67–80-67–80, 2018.

S. M. El-Sayegh and M. H. Mansour, "Risk assessment and allocation in highway construction projects in the UAE," Journal of Management in Engineering, vol. 31, no. 6, p. 04015004, 2015.

S. M. El-Sayegh, S. Manjikian, A. Ibrahim, A. Abouelyousr, and R. Jabbour, "Risk identification and assessment in sustainable construction projects in the UAE," International Journal of Construction Management, pp. 1-10, 2018.

S. Tan and K. Moinuddin, "Systematic review of human and organizational risks for probabilistic risk analysis in high-rise buildings," Reliability Engineering & System Safety, vol. 188, pp. 233-250, 2019.

C. Feng and S. Lu, "Using BIM to automate scaffolding planning for risk analysis at construction sites," in ISARC. Proceedings of the International Symposium on Automation and Robotics in Construction, 2017, vol. 34: IAARC Publications.

A. KarimiAzari, N. Mousavi, S. F. Mousavi, and S. Hosseini, "Risk assessment model selection in construction industry," Expert Systems with Applications, vol. 38, no. 8, pp. 9105-9111, 2011.

K. G. Lovejoy, P. I. Cross, and P. S. Tippett, "Object-oriented method, system and medium for risk management by creating inter-dependency between objects, criteria and metrics," ed: Google Patents, 2010.

O. Zwikael, R. D. Pathak, G. Singh, and S. Ahmed, "The moderating effect of risk on the relationship between planning and success," International Journal of Project Management, vol. 32, no. 3, pp. 435-441, 2014.

M. Urbański, A. U. Haque, and I. Oino, "The moderating role of risk management in project planning and project success: evidence from construction businesses of Pakistan and the UK," Engineering Management in Production and Services, vol. 11, no. 1, pp. 23-35, 2019.

J.-S. Chou, N. Irawan, and A.-D. Pham, "Project management knowledge of construction professionals: Cross-country study of effects on project success," Journal of construction engineering and management, vol. 139, no. 11, p. 04013015, 2013.

D. Baloi and A. D. Price, "Modelling global risk factors affecting construction cost performance," International journal of project management, vol. 21, no. 4, pp. 261-269, 2003.

R. Takim and A. Akintoye, "Performance indicators for successful construction project performance," in 18th Annual ARCOM Conference, 2002, vol. 2, no. 4.

H. Kerzner, Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons, 2017.

A. Musta, "Impact of risk analysis related to time, quality and cost in construction projects," 2019.

N. K. Nassar, "An integrated framework for evaluation of performance of construction projects," in PMI® Global Congress, 2009, pp. 10-13.

A. Dziadosz and M. Rejment, "Risk analysis in construction project-chosen methods," Procedia Engineering, vol. 122, pp. 258-265, 2015.

O. Gregory, M. Yusuf, and K. Asinza, "Effect of Risk Identification and Risk Analysis on Performance of Road Construction Projects in Kenya: A Case Study of Kakamega County."

U. H. Issa, K. G. Marouf, and H. Faheem, "Analysis of risk factors affecting the main execution activities of roadways construction projects," Journal of King Saud University-Engineering Sciences, 2021.

J. M. Nzioki and M. N. Mwenda, "Promoting Performance of the Building Construction Industry through Risk Identification: A Case of Exchequer Funded Building Construction Projects in Machakos County, Kenya," 2020.

E. Kinyua, K. Ogollah, and D. K. Mburu, "Effect of risk management strategies on project performance of small and medium information communication technology enterprises in Nairobi, Kenya," International Journal of Economics, Commerce and Management, vol. 3, no. 2, pp. 1-30, 2015.

S. Nidumolu, "The effect of coordination and uncertainty on software project performance: residual performance risk as an intervening variable," Information systems research, vol. 6, no. 3, pp. 191-219, 1995.

M. M. d. Carvalho and R. Rabechini Junior, "Impact of risk management on project performance: the importance of soft skills," International Journal of Production Research, vol. 53, no. 2, pp. 321-340, 2015.

R. Rabechini Junior and M. Monteiro de Carvalho, "Understanding the impact of project risk management on project performance: An empirical study," Journal of technology management & innovation, vol. 8, pp. 6-6, 2013.

L. Jun, W. Qiuzhen, and M. Qingguo, "The effects of project uncertainty and risk management on IS development project performance: A vendor perspective," International Journal of Project Management, vol. 29, no. 7, pp. 923-933, 2011.

Downloads

Published

2021-10-25

How to Cite

Aldaiyat, R. (2021). EFFECT OF RISK ANALYSIS ON PERFORMANCE OF CONSTRUCTION PROJECTS IN KUWAIT: EFFECT OF RISK ANALYSIS ON PERFORMANCE OF CONSTRUCTION PROJECTS IN KUWAIT. Stavební Obzor - Civil Engineering Journal, 30(3). https://doi.org/10.14311/CEJ.2021.03.0058

Issue

Section

Articles