access icon openaccess Technical risk factors of international construction

Construction is one of the strongholds for development in every country. The objective of the research is to identify the critical technical risk factors encountered by engineering firms on the global milieu. Based on questionnaire surveys, statistical analyses and previous studies on risk management, 23 risks were selected and ranked as technical factors that hinder construction projects. The relative importance index (RII) was used to determine the rank of each factor surveyed. The study revealed that industrial disputes, shortage in power supply, shortage in supply of water and problems of partner difference practice of construction globally were among the highly ranked technical risks. The study is beneficial as it adopts case studies in Africa to elicit the technical effects on the international frontlines. With the ranking of the technical risk factors, international construction firms can adequately enhance critical planning, avoid casualties and engage in economically viable projects. The study will be useful for analysing and investigating the hypothesised relationships technical risk variables that influence performance of international joint ventures. The risk factors displayed in the study can be used in supporting data for many other research development studies in the area of construction, risk analysis and global construction development studies.

Inspec keywords: water supply; risk analysis; construction industry

Other keywords: partner difference practice problems; water supply shortage; risk management; relative importance index; power supply shortage; Africa; critical planning enhancement; risk analysis; casualty avoidance; international construction hrms; critical technical risk factor identification; statistical analyses

Subjects: Construction industry; Planning

http://iet.metastore.ingenta.com/content/journals/10.1049/joe.2016.0389
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content/journals/10.1049/joe.2016.0389
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