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![Risk register with matrix of risk, source [own work].](profile/Agnieszka-Dziadosz/publication/283960257/figure/fig1/AS:322078952706050@1453801014068/Risk-register-with-matrix-of-risk-source-own-work.png)
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![Fig. 3. Risk register with matrix of risk, source [own work].](profile/Agnieszka-Dziadosz/publication/283960257/figure/fig1/AS:322078952706050@1453801014068/Risk-register-with-matrix-of-risk-source-own-work_Q320.jpg)
The risk is a measurable part of uncertainty, for which we are able to estimate the occurrence probability and the size of damage. The risk is assumed as a deviation from the desired level. It can be positive or, which most often happens, it can be negative. Therefore, the risks analysis is so important for project selection and coordination of con...
Contexts in source publication
Context 1
... relatively simple, clear and easy to make. According to the PRINCE 2 methodology it was developed the risk register where, for imaging of an adequate scale of risk impact on a project, the risk matrix was used. In this case, in accordance with the procedure of risk management, at the same time some possible risk response strategies are suggested (Fig. 3). It is worth notice that there is not one collective assessment of the risk level. The main goal of application of this approach -identification and preliminary assessment of risk. Relatively easy in the analysis and interpretation of results and in their implementation, it is a summary of the current control of risk factors state in ...
Context 2
... is developed the response strategies -the method/procedure which could take some appropriate actions, or minimizing of the further effects of the undesirable events for the smooth realization of a project i.e. avoid, mitigation, transfer, etc.). The examples of some possible strategies are presented in the appropriate column of the Risk Register (Fig. ...
Citations
... However, these construction risk factors must be verified following experienced construction companies' parameters (Dziadosz, Tomczyk and Kapliński, 2015). Dziadosz and Rejment (2015) posit that the process of identification of risk is as important as the process of validation. The identification of factors that constitute construction risk itself poses a significant problem because these factors must be classified into different groups, following origin or impact size of the risk. ...
... Swiss Re's suggested rating forms could be useful as they allow for an easy and quick evaluation. The major significant risk components for assessment and evaluation processes are covered in the ensuing sections, which are followed by several risk assessment, Risk control, inspection, and underwriting Rejment, 2015, Dziadosz, et al., 2015). Preparing an inventory of the property both on and off the work site, determines the extent and frequency of potential physical loss expected, and, eventually, the potential claims. ...
Comprehensive protection during construction projects is the goal of Contractors' All-Risk (CAR) insurance, which is a specialistized kind of insurance policy. The specific purpose is to protect against property damage and third-party liability, which can arise during construction operations. This study examined the conceptualisation and scope of CAR insurance, with a view to evaluating the factors considered in choosing insurance cover. It adopted a conceptual approach, reviewing the broader coverage provided by CAR insurance, the way it is designed and customized to meet the unique requirements of construction projects and contractors from secondary data, using policy statements, journals and brochures. The study reviews the provisions of CAR as cover against unintentional damage to materials, construction equipment, and both temporary and permanent works. CAR insurance also covers third-party liability to shields contractors from lawsuits resulting from injuries or property damage to third parties that may be caused by construction activities. The study concluded that CAR insurance is essential for reducing risks in big building projects where mishaps or unforeseen losses could put a substantial burden on finances. Depending on the requirements of the project, CAR insurance can be extended to cover more particular risks.
... The risk matrix is one of the most helpful techniques for project risk analysis, identification, and preliminary risk assessment [74]. The matrix was created to provide risk categories based on combining impact and probability [75]. ...
Construction projects are inherently fragmented and complex, influenced by various risk factors that can significantly affect both costs and schedules. Identifying and prioritizing these risk factors is crucial for enhancing project management and achieving successful outcomes. This research aimed to identify the most significant risk factors affecting construction projects in terms of cost and schedule performance within the Dire Dawa City Administration and Harari Region, considering the perspectives of contractors, clients, and consultants to provide actionable insights for risk mitigation. A comprehensive literature review and pilot survey initially identified 41 risk factors, which were refined through an iterative process to select 42 factors for a detailed questionnaire survey. Additionally, semi-structured interviews were conducted to gather qualitative insights. Data analysis employed mean ratings to identify the top ten risk factors, utilizing Probability Impact (P-I) Matrix and regression techniques to assess each factor’s significance. The results highlighted six critical risk factors among the ten identified as most impactful: inflation, increases in material prices, exchange rate fluctuations, payment delays, poorly coordinated design, and material delays. The findings indicated strong positive correlation values (R = 0.800 and R = 0.840) in both models, suggesting that as one variable increases, the other tends to increase as well. These insights provide valuable guidance for project managers, emphasizing the need to focus on these critical risk factors to improve cost and schedule management, ultimately enhancing project outcomes and minimizing cost overruns in the region.
... Construction risks are of various types as health hazards, chemical hazards, physical hazards, design risks, economical risks, social risks, environmental risks, technical risks, time risks, financial risks, etc. [2,9]. These risks if not controlled in time may affect the progress of construction in terms of time and cost (Everett and Frank, 1996). ...
... These risks if not controlled in time may affect the progress of construction in terms of time and cost (Everett and Frank, 1996). To analyze and identify risks systematically, and to prune the untimely outcome of risks, risk management is necessary for the construction [2]. Risk management is useful in estimating the impact of hazards on infrastructure projects such as bridges [1]. ...
... The use of the Likert scale helps conduct a questionnaire survey and to measure the severity of risks. A combination of the Questionnaire survey and the Relative Importance Index (RII) is certainly helpful in decision making to mitigate risks in construction [2,9]. The analytic hierarchy process (AHP) and RII along with the questionnaire survey helped to find out delays in the scheduling of Nuclear Power Plant (NPP) in Korea. ...
The construction of diverse civil projects is challenging owing to the numerous hazards involved. As a result, risk analysis is essential for civil project selection and construction work coordination. During the construction project planning and programming stages, risk analysis is viewed as the study of undesirable events. Construction risk is susceptibility to any potential loss. As the construction industry is essential to a country’s economy, it is crucial to research and examine various risk detection and management strategies. We develop the model with a real-time case study to analyze the risk in construction projects in this paper. Risk is defined as an estimation of the likelihood, severity, and exposure of all risks associated with a construction stage. We propose the integrated approach for risk assessment in construction projects using the spatial risk assessment and Geographic Information System (GIS) techniques. We discover the different risks in construction projects from the literature review analysis to the design of the questionnaires. The proposed study records the responses from the various construction projects for prepared questionnaires. We present the National Highway 150 E of India case study to demonstrate the advantages of spatial risk assessment and a GIS-based approach. The outcomes of the proposed study reveal the major risks in construction projects. Therefore, our study recommends a generalized spatial risk assessment and a GIS-based method for various construction projects.
... Both types of risk should be identified and managed. The problem of risk was also reflected in the project management standards: POMBOK and PRINCE 2. The risk management has been designated as one of the main areas of the Project Management Body of Knowledge (PMBOK) by the Project Management Institute (Dziadosz & Rejment, 2015). In Prince 2 risk is divided into two types: project risk and business risk. ...
The future of quality is a topic of paramount importance as we navigate the rapidly evolving landscape of technology, innovation, and societal change. Conference "Quality of the Future -Future of Quality," brings together leading experts, researchers, and practitioners to explore the multifaceted aspects of quality management in the context of the challenges and opportunities that lie ahead. Quality has long been a cornerstone of organizational success, driving efficiency, competitiveness, and customer satisfaction. However, the future demands a more holistic and integrated approach to quality, one that not only addresses operational excellence but also embraces the principles of sustainable development, economic security, and social responsibility. As we look to the future, the conference participants have identified critical success factors for the effective implementation of quality management programs, emphasizing the importance of leadership, organizational culture, and employee engagement. The case studies presented demonstrate the tangible benefits that can be achieved through the adoption of lean management and other quality-focused approaches, serving as inspiration for organizations seeking to enhance their overall excellence. The future of quality is not merely about achieving operational perfection; it is about cultivating a culture of continuous improvement, innovation, and a deep commitment to sustainable development. The insights shared in these proceedings will undoubtedly contribute to the ongoing dialogue and drive the advancement of quality management practices, empowering organizations to navigate the challenges and seize the opportunities that lie ahead
... Both types of risk should be identified and managed. The problem of risk was also reflected in the project management standards: POMBOK and PRINCE 2. The risk management has been designated as one of the main areas of the Project Management Body of Knowledge (PMBOK) by the Project Management Institute (Dziadosz & Rejment, 2015). In Prince 2 risk is divided into two types: project risk and business risk. ...
... It's a decisionmaking process that enables the organization to exploit opportunities by increasing the probability and frequency period of desired occurrences and decreasing the negative consequences of undesired occurrences. (Bahamid and Doh 2017), (Dziadosz and Rejment 2015) mentioned that many techniques exist for risk identification, such as brainstorming and workshops, checklists and prompt lists, questionnaires, expert interviews, etc. They were sure there was no single "best method" for risk identification. ...
... In the industrial context, MCDM is used for project risk assessment, optimization of production processes, and supply chain management, which allows operational efficiency to be improved and costs to be reduced [197][198][199]. An example is the application of the ELECTRE method for risk assessment of construction projects, where various criteria, such as cost, time of completion, and quality of workmanship, are taken into account [200,201]. ...
In the context of sustainable development and global challenges such as climate change and energy security, this paper conducts a bibliometric analysis of scientific journals on multi-criteria decision-making (MCDM) methods with an emphasis on their applications in environmental and energy engineering. The study used the CiteSpace software program 6.2.R6 Advanced to analyze citation networks and identify key publications, authors, and research topics. The simulations carried out made it possible to identify the main research centers and patterns of international cooperation, pointing to the key countries and institutions involved in MCDM research. The results of the analysis reveal the research areas of greatest interest and the main directions for future research. These results can support scientists, researchers, and policymakers in making more informed and sustainable decisions, contributing to the achievement of the Sustainable Development Goals.
... Aung & Htet (2023), for instance, has aptly emphasized the pivotal role played by meticulous project planning and comprehensive risk identification in mitigating uncertainties and bolstering project success rates. Similarly, the seminal contributions of Dziadosz & Rejment (2015) have underscored the palpable impact wielded by economic dynamics, such as fluctuating material costs and protracted funding delays, on the overall feasibility and financial viability of construction endeavors. However, within the distinctive purview of the Indian construction milieu, scholarly endeavors spearheaded by Sobieraj & Metelski (2022) have meticulously elucidated the regulatory risks precipitated by volatile government policies, labyrinthine bureaucratic procedures, and convoluted land acquisition processes. ...
This paper presents a comprehensive investigation into the risk factors prevalent in building construction projects within the Indian context, focusing on their identification, ranking, and management strategies. Through data collected from 206 construction professionals via an online questionnaire, the study employs robust reliability analysis, yielding a high Cronbach's Alpha coefficient of 0.898, affirming the questionnaire's internal consistency and reliability. Utilizing the Relative Importance Index (RII) and Safety Risk Score (SRS), the research ranks critical risk factors, including poor stakeholder communication, inaccurate cost estimation, funding delays, and market demand fluctuations, underlining the necessity of addressing these challenges to mitigate potential impacts on project outcomes. The paper emphasizes the significance of proactive risk management strategies to ensure project success and resilience amidst evolving circumstances, providing valuable insights into construction project risks specific to the Indian landscape and offering recommendations for enhancing risk management practices in the field.
... Missing deadlines and overrunning costs in construction projects knows no geographical boundaries and it is a global phenomenon. The research was conducted in various locations around the world [China [10], the Netherlands [14], Saudi Arabia [16,42], Great Britain [28], Nigeria [34,46], Sweden [41], Turkey [44], Egypt [47], Poland [48,49], Lithuania [50], Korea [51], United Arab Emirates [52], Chile [53], Qatar [54], Australia [55,56], Serbia [57,58], and many others). ...
The main and primary goal of the research in this paper is to analyze the actual current situation in domestic civil engineering, by determining the causes of missing deadlines and exceeding budgets of civil engineering projects. Since the results of this research also indicate the most likely problems that could arise during the construction of a project, the findings and conclusions could be used in risk assessment and drawing up dynamic plans for actual projects, which would improve the situation in domestic civil engineering and increase productivity of this important industry.
The results obtained in this paper provide a modern approach to the problem of risk in construction, provide a realistic insight into risk factors on civil engineering projects in the Republic of Serbia and the surrounding area, and facilitate the establishment of a better correlation between theory and practice in project management and risk management.
... At the same time already existing risk assessment models were investigated to find out the drawbacks which highlight the necessity of this study even more. Andrew et al., 2000;Adnan and Morledge, 2003;Elo, 2009;Adnan, 2009;Zhao et al. 2013;Alashwal and Ann, 2019;Cirovic and Sudjic, 2021) Lack of management Competence Andrew et al., 2000;Adnan and Morledge, 2003;Adnan, 2009;Elvitigala et al., 2008;Brockmann and Brezinski, 2013;Brunelli, 2014;Dong et al., 2016;Do et al., 2017;Alashwal and Ann, 2019;Chan et al., 2020) Disagreement on profit and loss (Andrew et al., 2000;Adnan and Morledge, 2003;Favie et al., 2009;Adnan, 2009;Brunelli, 2014;Alashwal and Ann, 2019;Chan et al., 2020) Mistrust between partners from each parent companies Andrew et al., 2000;Adnan and Morledge, 2003;Elvitigala et al., 2008;Favie et al., 2009;Adnan, 2009;Alashwal and Ann, 2019;Dhir and Sushil, 2016;) Disagreement on staff position (Binget al., 1999;Andrew et al., 2000;Adnan and Morledge, 2003;Adnan, 2009;Alashwal and Ann, 2019) Policy changes in parent company which affects CJV (Andrew et al., 2000;Adnan and Morledge, 2003;Zhao et al. 2013;Alashwal and Ann, 2019;Cirovic and Sudjic, 2021) Disagreement of work allocation Andrew et al., 2000;Adnan and Morledge, 2003;Adnan, 2009; Alashwal and Ann, 2019) Conflicts in technology transfer (Andrew et al., 2000;Adnan and Morledge, 2003;Elo, 2009;Adnan, 2009;Dhir and Sushil, 2016; Alashwal and Ann, 2019) Over interference of partners Adnan and Morledge, 2003;Elvitigala et al., 2008;Adnan, 2009;Dziadosz and Rejment, 2015;Chan et al., 2020;Cirovic and Sudjic, 2021) Lack of local and JV experiences of partners (Adnan and Morledge, 2003;Andrew et al., 2000;Zhao et al. 2013;Dhir and Sushil, 2016;Dong et al., 2016;Alashwal and Ann, 2019;Cirovic and Sudjic, 2021) Disagreement of conditions of contract (Adnan and Morledge, 2003;Favie et al., 2009;Brockmann and Brezinski, 2013;Chileshe and Kikwasi, 2014;Dong et al., 2016; Alashwal and Ann, 2019) Delay and intervention caused by clients Chileshe and Kikwasi, 2014) Externa Risk Category Government policies, law, and regulation changes Andrew et al., 2000;Adnan and Morledge, 2003;Elvitigala et al., 2008;Favie et al., 2009;Depamphilis, 2012;Chileshe and Kikwasi, 2014;Dhir and Sushil, 2016;Dong et al., 2016;Alashwal and Ann, 2019;Cirovic and Sudjic, 2021) Fluctuation in economy / inflation (Andrew et al., 2000;Adnan and Morledge, 2003;Elvitigala et al., 2008;Elo, 2009;Favie et al., 2009;Depamphilis, 2012;Chileshe and Kikwasi, 2014;Dong et al., 2016 Alashwal and Andrew et al., 2000;Adnan and Morledge, 2003;Favie et al., 2009;Chileshe and Kikwasi, 2014;Dziadosz and Rejment, 2015; Alashwal and Ann, 2019) Disputes arises due to different culture, social and religions Andrew et al., 2000;Adnan and Morledge, 2003;Adnan, 2009;Brockmann and Brezinski, 2013;Brunelli, 2014 ...
... At the same time already existing risk assessment models were investigated to find out the drawbacks which highlight the necessity of this study even more. Andrew et al., 2000;Adnan and Morledge, 2003;Elo, 2009;Adnan, 2009;Zhao et al. 2013;Alashwal and Ann, 2019;Cirovic and Sudjic, 2021) Lack of management Competence Andrew et al., 2000;Adnan and Morledge, 2003;Adnan, 2009;Elvitigala et al., 2008;Brockmann and Brezinski, 2013;Brunelli, 2014;Dong et al., 2016;Do et al., 2017;Alashwal and Ann, 2019;Chan et al., 2020) Disagreement on profit and loss (Andrew et al., 2000;Adnan and Morledge, 2003;Favie et al., 2009;Adnan, 2009;Brunelli, 2014;Alashwal and Ann, 2019;Chan et al., 2020) Mistrust between partners from each parent companies Andrew et al., 2000;Adnan and Morledge, 2003;Elvitigala et al., 2008;Favie et al., 2009;Adnan, 2009;Alashwal and Ann, 2019;Dhir and Sushil, 2016;) Disagreement on staff position (Binget al., 1999;Andrew et al., 2000;Adnan and Morledge, 2003;Adnan, 2009;Alashwal and Ann, 2019) Policy changes in parent company which affects CJV (Andrew et al., 2000;Adnan and Morledge, 2003;Zhao et al. 2013;Alashwal and Ann, 2019;Cirovic and Sudjic, 2021) Disagreement of work allocation Andrew et al., 2000;Adnan and Morledge, 2003;Adnan, 2009; Alashwal and Ann, 2019) Conflicts in technology transfer (Andrew et al., 2000;Adnan and Morledge, 2003;Elo, 2009;Adnan, 2009;Dhir and Sushil, 2016; Alashwal and Ann, 2019) Over interference of partners Adnan and Morledge, 2003;Elvitigala et al., 2008;Adnan, 2009;Dziadosz and Rejment, 2015;Chan et al., 2020;Cirovic and Sudjic, 2021) Lack of local and JV experiences of partners (Adnan and Morledge, 2003;Andrew et al., 2000;Zhao et al. 2013;Dhir and Sushil, 2016;Dong et al., 2016;Alashwal and Ann, 2019;Cirovic and Sudjic, 2021) Disagreement of conditions of contract (Adnan and Morledge, 2003;Favie et al., 2009;Brockmann and Brezinski, 2013;Chileshe and Kikwasi, 2014;Dong et al., 2016; Alashwal and Ann, 2019) Delay and intervention caused by clients Chileshe and Kikwasi, 2014) Externa Risk Category Government policies, law, and regulation changes Andrew et al., 2000;Adnan and Morledge, 2003;Elvitigala et al., 2008;Favie et al., 2009;Depamphilis, 2012;Chileshe and Kikwasi, 2014;Dhir and Sushil, 2016;Dong et al., 2016;Alashwal and Ann, 2019;Cirovic and Sudjic, 2021) Fluctuation in economy / inflation (Andrew et al., 2000;Adnan and Morledge, 2003;Elvitigala et al., 2008;Elo, 2009;Favie et al., 2009;Depamphilis, 2012;Chileshe and Kikwasi, 2014;Dong et al., 2016 Alashwal and Andrew et al., 2000;Adnan and Morledge, 2003;Favie et al., 2009;Chileshe and Kikwasi, 2014;Dziadosz and Rejment, 2015; Alashwal and Ann, 2019) Disputes arises due to different culture, social and religions Andrew et al., 2000;Adnan and Morledge, 2003;Adnan, 2009;Brockmann and Brezinski, 2013;Brunelli, 2014 ...
... ;Chileshe and Kikwasi, 2014;Dziadosz and Rejment, 2015;Dhir and Sushil, 2016;Dong et al., 2016) Language barrierAndrew et al., 2000;Adnan and Morledge, 2003;Elvitigala et al., 2008;Favi� e et al., 2009;Brunelli, 2014;Do et al., 2017; Alashwal and Ann, 2019; Chan et al., 2020) Adverse weather condition & Pollution (Andrew et al., 2000; Adnan and Morledge, 2003; Alashwal and Ann, 2019) Table 2. Reference details of risk factors. 1 -(Adnan 2009); 2 -(kwok 2016); 3 -(Zirape and Warudkar 2016); 4 -(Bing et al. 1999); 5 -(Prasitsom and Likhitruangslip 2015); 6 -(Chan et al. 2020); 7 -(Hsueh et al. 2007); 8 -(Ozorhon et al. 2008); 9 -(Ozorhon et al. 2010); 10 -(Ozorhon et al. 2011); 11 -(Zhao et al. 2013); 12 -(Hong and Chan 2020); 13 -(Shet et al. 2001); 14 -(Bing and Tiong -1999); 15 -(Lin and Ho 2013); 16 -(Munns et al. 2000); 17 -(McIntosh and McCabe 2011); 18 -(Young 2007); 19 -(Gale and Luo 2004); 20 -(Hwang et al. 2015); 21 -(Brockmann and Brezinski 2013); 22 -(Chileshe and Kikwasi 2014) ...
