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Cruz, C O, Marques, R C and Pereira, I (2015) Alternative Contractual Arrangements for Urban Light Rail Systems: Lessons from Two Case Studies. Journal of Construction Engineering and Management, 141(03).

Hwang, S, Park, M, Lee, H, Lee, S and Kim, H (2015) Postdisaster Interdependent Built Environment Recovery Efforts and the Effects of Governmental Plans: Case Analysis Using System Dynamics. Journal of Construction Engineering and Management, 141(03).

Liu, C and Lu, M (2015) Optimizing Earthmoving Job Planning Based on Evaluation of Temporary Haul Road Networks Design for Mass Earthworks Projects. Journal of Construction Engineering and Management, 141(03).

Naderpajouh, N, Hastak, M, Gokhale, S, Bayraktar, M E, Iyer, A and Arif, F (2015) Counterfeiting Risk Governance in the Capital Projects Supply Chain. Journal of Construction Engineering and Management, 141(03).

Obiozo, R N and Smallwood, J J (2015) Biophilic Construction Site Model: Enhancing the Motivational and Humanistic Value of the Green Construction Site. Journal of Construction Engineering and Management, 141(03).

Shuster, W D, Burkman, C E, Grosshans, J, Dadio, S and Losco, R (2015) Green Residential Demolitions: Case Study of Vacant Land Reuse in Storm Water Management in Cleveland. Journal of Construction Engineering and Management, 141(03).

Su, Y and Lucko, G (2015) Synthetic Cash Flow Model with Singularity Functions. I: Theory for Periodic Phenomena and Time Value of Money. Journal of Construction Engineering and Management, 141(03).

Su, Y and Lucko, G (2015) Synthetic Cash Flow Model with Singularity Functions. II: Feasible Prompt Payment Discount Scenarios. Journal of Construction Engineering and Management, 141(03).

van Buiten, M and Hartmann, A (2015) Asset Management Perspective on the Duration of Public-Private Partnership Contracts: Cost-Control Trade-off?. Journal of Construction Engineering and Management, 141(03).

Zhao, X, Hwang, B, Pheng Low, S and Wu, P (2015) Reducing Hindrances to Enterprise Risk Management Implementation in Construction Firms. Journal of Construction Engineering and Management, 141(03).

  • Type: Journal Article
  • Keywords: Enterprise risk management; Construction firms; Hindrance; Factor analysis; Structural equation modeling; Project planning and design;
  • ISBN/ISSN: 0733-9364
  • URL: https://doi.org/10.1061/(ASCE)CO.1943-7862.0000945
  • Abstract:
    Although enterprise risk management (ERM) has been advocated in the construction industry, its implementation is still plagued with hindrances. The objectives are to identify the critical hindrances to ERM implementation in Chinese construction firms (CCFs) and investigate the interrelationships among these critical hindrances. To achieve the objectives, 36 hindrances were identified through a literature review and a questionnaire survey was performed with 119 respondents. The results indicated that 20 hindrances were deemed critical, among which insufficient resources (e.g., time, money, and people) was ranked top. Additionally, the critical hindrances were categorized into lack of relevant resources and procedures (LRRP), lack of senior-level support and leadership (LSSL), and lack of high-quality data (LHQD). LSSL contributed to LRRP, whereas LRRP resulted in LHQD. The managerial implications drawn from these results can help the management take measures to overcome them. Although this study is focused on CCFs, other firms may use the identified hindrances and follow the method to prepare their customized list of hindrances.