Have a personal or library account? Click to login
A construction–specific extension to a standard project risk management process Cover

A construction–specific extension to a standard project risk management process

Open Access
|Oct 2022

Figures & Tables

Risk identification categories_

Classification of risksReference
Investor's risk, Contractor's risk, Material supplier's risk, Project manager's risk, Government's risk, Other project stakeholder's riskLin et al. (2011)
Preliminary design, Detailed design, Tender, Financing the investment, Construction worksBanaitiene and Banaitis (2012)
Design, Resources, Productivity, Technical, Payment, Managerial, Client, SubcontractorsDikmen et al. (2007)
Engineering, Project management, Suppliers, ExecutionNieto-Morote and Ruz-Vila (2011)
Construction management, Construction safety-related, Engineering design, Social and economic, Natural hazardsKuo and Lu (2013)
Environment-related, Quality-related, Time-related, Cost-related, Safety-relatedZou et al. (2007)
Internal (Owner's, Contractor's, Subcontractor's, Designer's, Supplier's), External (Economic, Social and Cultural, Natural, Political, Others)El-Sayegh (2008)

Elements of standards_

StandardAuthorYearProcesses
Risk Management StandardInstitute of Risk Management (IRM)/National Forum for Risk Management in the Public Sector (ALARM)/Association of Insurance and Risk Managers (AIRMIC), UK.2002
  • Risk Assessment

    • 1.1

      Risk Analysis

      • 1.1.1

        Risk Identification

      • 1.1.2

        Risk Description

      • 1.1.3

        Risk Estimation

    • 1.2

      Risk Evaluation

  • Risk Reporting Threats and Opportunities

  • Decision

  • Risk Treatment

  • Residual Risk Reporting

  • Monitoring

Project Risk Analysis & Management (PRAM) Guide 2nd editionAssociation for Project Management (APM), UK.2004
  • Initiate

  • Identify

  • Assess

  • Plan responses

  • Implement responses

Guide to the Project Management Body of Knowledge (PMBoK®)Project Management Institute, USA.2016
  • Plan risk management

  • Risk identification

  • Qualitative risk analysis

  • Quantitative risk analysis

  • Plan risk responses

  • Implement risk responses

  • Monitoring risks

ISO 31000International Organization for Standardization.2018
  • Communication and consultation

  • Scope, context and criteria

  • Risk assessment

  • Risk treatment

  • Monitoring and review

  • Recording and reporting

DOI: https://doi.org/10.2478/otmcj-2022-0011 | Journal eISSN: 1847-6228 | Journal ISSN: 1847-5450
Language: English
Page range: 2666 - 2674
Submitted on: Dec 11, 2020
|
Accepted on: Jul 28, 2022
|
Published on: Oct 15, 2022
Published by: University of Zagreb
In partnership with: Paradigm Publishing Services
Publication frequency: 1 issue per year

© 2022 Dina Alfreahat, Zoltán Sebestyén, published by University of Zagreb
This work is licensed under the Creative Commons Attribution 4.0 License.