Evaluation of risk management in the South African construction industry
- Authors: Seku, Luthando
- Date: 2017
- Subjects: Construction industry - South Africa - Management , Construction industry - Risk management
- Language: English
- Type: Masters (Thesis)
- Identifier: http://hdl.handle.net/10210/225350 , uj:22758
- Description: Abstract: The aim of this research was to assess and evaluate the methods used by South African construction companies when managing risks in their projects, to evaluate the effectiveness of risk management techniques in the South African construction industry, to identify the factors that influence risk management, to identify and evaluate the negative impacts that the project can undergo when risk management is not exercised, and lastly, to identify individuals responsible for the management of risk in construction firms. The data used in this study were derived from both primary and secondary sources. The secondary data were collected from a detailed review of related literature as detailed in the literature (chapters two - five. The primary data were collected through a structured questionnaire aimed at 108 South African contractors. Data received from the questionnaires were analysed using descriptive and multivarient statistics procedures.The empirical data have identified that risk management in the South Africa construction is mostly influenced and affected by the size of company, and the education and experience of construction managers. The study also revealed that the majority of South African contractors are aware of the risk management process and subsequently make use of the structured process for risk management.The study empirically explores risk management in the South African construction industry. This study presents a strong background on the theories of risk management usage by contractors in construction projects. This study recommends that a generic risk management system that is accessible to all South African construction companies in order to standardize risk management activities should be established. , M.Tech. (Construction Management)
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Risk Management to ensure the successful and effective management of projects
- Authors: Masekoameng, Veronica
- Date: 2017
- Subjects: Construction industry - Management , Construction industry - Risk management , Project management
- Language: English
- Type: Masters (Thesis)
- Identifier: http://ujcontent.uj.ac.za8080/10210/376963 , http://hdl.handle.net/10210/242266 , uj:24983
- Description: M.Phil. (Engineering Management) , Abstract: It is the viewpoint of this research that risk is an integral part of the project tasks in the construction industry, with the main goal being to minimize the impacts of the risks to more viable levels. Based on the feedback received from the interview, risk management is believed to have an impact on the outcome of the project. It can therefore be concluded that there exist a cause-and-effect relationship between the outcome of a project and managing risk. The nature of the outcome is primarily based on the effective and efficient management of the risk that are identified. Secondly the outcome is also based on the proper risk management process that is followed. The aims and objects of this research, is to review risk management on each phase of the project lifecycle. The project lifecycle will be followed; this involves the initiation, planning and execution and closeout phases This will be followed by the exploration of project risks and their potential complications and problems that could be encountered thorough the project life-cycle. The potential complications may negatively affect the project budget, schedule and quality if they are not identified, monitored, controlled and managed. However, many projects tend to fail due to mismanagement of the aspects of the projects. Subsequently project management functions and process will be investigated to aid the research in achieving its aims. This has the potential to also highlight why project management is favoured world-wide in many disciplines as a go to for the management of a range of projects. The tools and techniques that have been developed to aid project managers in managing projects from their inception to the end of their lifecycles will be explored. Finally, recommendations to further improve project success by utilising project risk management are made.
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Risk management techniques and practices for Southern African construction projects
- Authors: Newby, Jared
- Date: 2016
- Subjects: Construction industry - Management , Construction industry - Risk management , Project management
- Language: English
- Type: Masters (Thesis)
- Identifier: http://hdl.handle.net/10210/213290 , uj:21130
- Description: Abstract: Project management is critical to the success of projects, especially as projects get larger and utilize more complex technologies. Project management often assumes a certain degree of certainty in project planning and execution which introduces the need for risk management. Project risk management forms an important part of project management in order to determine the uncertainties or risks inherent in project assumptions, estimates and plans. Various studies and research has shown that the development of efficient risk management practices results in the greater success of projects. A KPMG survey in 2013 found that risk management practices around the world had progressed significantly in the construction industry, however a large percentage of projects are still underperforming. South Africa, in recent years, has embarked on a number of large megaprojects and has experienced a number of underperforming projects. The aim of this research was therefore to determine if construction companies in Southern Africa have begun incorporating risk management into existing project management structures as well as to identify the most frequently utilized risk analysis techniques. Effectively managing project risk or uncertainty through a structured risk management plan will increase investor confidence and result in greater investments in construction projects within the country. Research data was obtained from questionnaires which were completed by employees of some of Southern Africa’s largest and most prominent companies with involvement in the construction industry. Reponses were obtained largely from the building, energy and mining sectors of the construction industry. The highest responses were from consultants and contractors and individuals appointed as project managers and engineers. Most of the companies were greater than 10 years old and had recently executed projects with a capital value of greater than USD 1 million. Three quarters of respondents believed that their company’s initial view of risk is first to analyse the risk before avoiding it altogether. The remaining quarter however still avoid risk which shows... , M.Ing. (Engineering Management)
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The Zachman Framework applied to construction engineering risk management
- Authors: Moloi, Tshepo
- Date: 2012-07-03
- Subjects: Construction projects - Management , Risk management - Data processing , Zachman Framework , Construction industry - Risk management , Management information systems - Data processing
- Type: Thesis
- Identifier: uj:8782 , http://hdl.handle.net/10210/5140
- Description: M.Ing. , The research is based on the complexity of project management and risk management fields and how applying each field on its own can be problematic. This poses an everyday challenge to project managers when implemented simultaneously and such a problem predominantly exists in the engineering construction field.The challenge faced by project managers is approached throughout the research study by introducing a commonly used six order matrix framework with a high success rate in analysing and dissecting complex fields into small fragments. The framework is known as the Zachman Framework for Enterprise Architecture. However this is only done once a thorough literature review of both project and risk management as well as the limitations of the Zachman Framework have been well documented.Once the Zachman Framework for Construction adaptation is complete, it is then applied to an inner city construction case study. The results of the case study are used to determine if throughout the project lifecycle it has been possible to analyse and implement all project and risk management requirements simultaneously with little or no correction of project constraints.Using a developed integrated risk management tool which graphically tracks aggregate risk( s) in cost and time together with the Zachman Framework for Construction, the case study results reveal that it is possible to increase the ability to simultaneously manage risk and normal activities by concluding that the project constraints (i.e. cost) are accurately estimated and accomplished. In conclusion the research study,discussion and recommendations are made in order to implement all cells within the Zachman Framework for Construction therefore increasing the success of any project and risk management construction field.
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Use of site meetings in the prevention of construction claims and disputes in the Swaziland construction industry
- Authors: Mavimbela, Bhekisisa Lawrence
- Date: 2017
- Subjects: Construction industry - Risk management , Construction projects - Management , Construction industry - Quality control , Construction contracts
- Language: English
- Type: Masters (Thesis)
- Identifier: http://hdl.handle.net/10210/280374 , uj:30127
- Description: M.Tech. (Construction Management) , Abstract: The construction industry is usually faced with claims and disputes that have surfaced from various aspects of project management that have been over-looked and under-estimated by the construction professional teams. The main aim of analysing the necessity of construction site meetings in the study was to identify the diverse ways in which site meetings assist in reducing claims that results in disputes. This study examined the use of construction site meetings in preventing construction claims and disputes in the Swaziland construction industry. The data used in this study were collected using secondary data via a literature review and through questionnaire survey in which questionnaires distributed to construction professionals. The findings revealed that the management of time using programme charts, site inspections and testing, cost checking during meetings and adequate specification documentation amongst others were among the measures assessed and analysed to prevent construction disputes and claims. Furthermore, the study indicated that the quality standards that site meetings enforce included; developing a project quality control plan, assessing workmanship during construction; increases communication in the construction team, assessing the specification used and appointing a competent construction manager contribute to the reduction of claims and disputes. In summary, the Swaziland construction industry must identify and discuss reasons why construction projects are completed late and with defects. Hence, the study recommends that construction professionals and clients must appoint competent project managers to assess and analyse all measures that causes construction claims and disputes using construction site meetings.
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Impact of risk management in construction projects
- Authors: Shirinda, Vukosi
- Date: 2019
- Subjects: Construction industry - Risk management , Construction projects - Management , Project management
- Language: English
- Type: Masters (Thesis)
- Identifier: http://hdl.handle.net/10210/413251 , uj:34809
- Description: M.Phil. (Engineering Management) , Abstract: Construction projects play a major role in economic and social development. Many countries, more specifically developing countries, implement various construction projects to improve their economies. According to global studies, most construction projects experience poor performance and a high failure rate. As a result of the poor performance and the high failure rate, developing countries struggle to grow their economies. Most developing countries largely depend on foreign investment to finance their major construction projects. As a result of poor performance and a high failure rate, developing countries are struggling to attract foreign investment. One of the integral parts in project management is risk management. According to previous studies, construction projects have a bad record of risk management when compared to other industries. The aim of this research is to explore the relationship between risk management and construction projects. In addition, it examines how risk management affects project success and performance. In order to fulfil the research objectives, a literature review was conducted, focusing on construction project performance indicators and critical risk management factors. From the literature review, it was established that risk management has a direct relationship with the success and performance of construction projects. Performance indicators, cost, time and quality, are vulnerable to risk events. These indicators have a direct relationship with risk events. Research data were obtained in the form of questionnaires with dominantly Likert scale closed questions. Data were received from respondents who played the role of contractor, consultant, client and subcontractor in their previous three construction projects. The majority of respondents had more than five years’ construction project experience. The respondents were construction project risk management accounting officers, with the majority of responses coming from project engineers/agents, project managers and construction supervisors. This research has identified that construction project time/schedule, quality and budget/cost are all vulnerable to risk events. It was further realised that construction project teams neglected risk events. It is therefore evident that construction projects will continuously experience poor performance and failures if risk management is not effectively performed. The risk management and key construction project...
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