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Abdel Aziz, A M (2007) Successful Delivery of Public-Private Partnerships for Infrastructure Development. Journal of Construction Engineering and Management, 133(12), 918–31.

Barraza, G A and Bueno, R A (2007) Probabilistic Control of Project Performance Using Control Limit Curves. Journal of Construction Engineering and Management, 133(12), 957–65.

Han, S H, Park, S H, Kim, D Y, Kim, H and Kang, Y W (2007) Causes of Bad Profit in Overseas Construction Projects. Journal of Construction Engineering and Management, 133(12), 932–43.

Kim, C S and Liu, L Y (2007) Cost Information Model for Managing Multiple Projects. Journal of Construction Engineering and Management, 133(12), 966–74.

Salem, O, Shahin, A and Khalifa, Y (2007) Minimizing Cutting Wastes of Reinforcement Steel Bars Using Genetic Algorithms and Integer Programming Models. Journal of Construction Engineering and Management, 133(12), 982–92.

Tang, W, Qiang, M, Duffield, C F, Young, D M and Lu, Y (2007) Risk Management in the Chinese Construction Industry. Journal of Construction Engineering and Management, 133(12), 944–56.

  • Type: Journal Article
  • Keywords: Risk management; Partnership; Contracts; Incentives; Measurement; Construction management;
  • ISBN/ISSN: 0733-9364
  • URL: https://doi.org/10.1061/(ASCE)0733-9364(2007)133:12(944)
  • Abstract:
    There has been an increase in research on risk management practice in the construction industry. However, little research has been conducted to systematically investigate the overall aspects of risk management on the perspectives of various project participants. This paper reports the findings of an empirical Chinese industry survey on the importance of project risks, application of risk management techniques, status of the risk management system, and the barriers to risk management, which were perceived by the main project participants. The risk management strategies adopted in the Three Gorges Project were also studied. The study reveals that: Most project risks are commonly of concern to project participants; the industry has shifted from risk transfer to risk reduction; current risk management systems are inadequate to manage project risks; and lack of joint risk management mechanisms is the key barrier to adequate risk management. Future studies should be conducted to systematically improve the risk management in construction by different approaches that facilitate equitable sharing of rewards through effective risk management among participants. Such studies should also consider the establishment of an open communication risk management process to permit the corporate experience of all participants, as well as their personal knowledge and judgment, to be effectively utilized.

Taylor, J E (2007) Antecedents of Successful Three-Dimensional Computer-Aided Design Implementation in Design and Construction Networks. Journal of Construction Engineering and Management, 133(12), 993–1002.

Yang, C Y, Xu, M X and Chen, W F (2007) Reliability Analysis of Shotcrete Lining during Tunnel Construction. Journal of Construction Engineering and Management, 133(12), 975–81.