A framework for process-driven risk management in construction projects

Ceric, A

Abstract

This thesis describes the development of a framework for a systematic approach to
risk management in construction projects, whose application in construction practice
would lead to changes and improvements in the construction industry. To verify and
apply the framework in future construction projects, the author developed the PPRisk
computer programme as IT support.
Before showing how the framework was developed, there is a survey of what has
been written on the subject and a systematic analysis of risk management, risk in
construction and process in construction. This led to the conclusion that realising a
construction project is a process and that the risk management process should be
subordinated to the construction process. A new approach was therefore introduced
to managing risks: process-driven risk management. This approach will give all the
participants in the project better understanding of the construction process, enable
changes in the construction industry, and contribute to improvement of quality and
efficiency in construction.
An analysis of published plans of work showed that the Construction Process
Protocol, developed at the University of Salford under the leadership of Professor
R. Cooper, is suitable and appropriate as a construction process in which the
framework for process-driven risk management can be placed.
Process-driven risk management implies a cyclical risk management process in all
the phases through which the construction project passes according to Process
Protocol. Key risks are identified in the framework, which are independent of the
size, type and purpose of the project being realized. Project related risks should be
separately identified for each specific project. Depending on available data,
quantitative and qualitative analysis is carried out for the identified risks, their risk
probability and risk impact determined, and the corresponding risk exposure
calculated. Then the adequate risk response is given for each identified risk,
depending on its exposure. As the process unfolds new risks appear in each phase
and the risk management process begins a new.

Citation

Ceric, A. A framework for process-driven risk management in construction projects. (Thesis). University of Salford, UK

• Thesis Type: Thesis
• Deposit Date: Jul 7, 2009
• Publicly Available Date: Jul 7, 2009
• Additional Information: Additional Information : PhD supervisor: Professor Peter Brandon
• Award Date: May 1, 2003