An Integrated Risk Management Model for Large Construction Projects Based on Stakeholder Management Theory

Wang, CC; Qiu, Y

An Integrated Risk Management Model for Large Construction Projects Based on Stakeholder Management Theory

Wang, CC Qiu, Y

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Publisher:: Construction Research Institute of Malaysia (CREAM), Makmal Kerja Raya Malaysia
Publication Type:: Conference Proceeding
Citation:: Proceedings of 2nd Construction Industry Research Achievement International Conference, 2009, pp. 1 - 8
Issue Date:: 2009-01

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Field	Value	Language
dc.contributor.author	Wang, CC	en_US
dc.contributor.author	Qiu, Y	en_US
dc.date	2009-11-03	en_US
dc.date.issued	2009-01	en_US
dc.identifier.citation	Proceedings of 2nd Construction Industry Research Achievement International Conference, 2009, pp. 1 - 8	en_US
dc.identifier.isbn	978 983 44938 0 6	en_US
dc.identifier.uri	http://hdl.handle.net/10453/11337
dc.description.abstract	Nowadays construction projects nrc becoming larger in size and more complex in nature as the Social economy grows rapidly and more money are invested in them. However, risk factors associated with large projects arc increasing, too. Large construction projects are usually complex in nature and risk factors are inter-dependent. Therefore, from the aspect of whole project, using an integrated method to evaluate and control risk, is a more efficient way of risk management. This paper proposes an integrated risk management model based on strategic stakeholder management theory. To verify the proposed model, it was applied to a key construction project in China - GuangZhou AH Hospital Project. A two-layered collaborative partnership model was established for the project, and risk management strategies have been carried out successfully by applying a series of management policies based on the model.	en_US
dc.publisher	Construction Research Institute of Malaysia (CREAM), Makmal Kerja Raya Malaysia	en_US
dc.relation.ispartof	Proceedings of 2nd Construction Industry Research Achievement International Conference	en_US
dc.relation.ispartof	Construction Industry Research Achievement International Conference	en_US
dc.title	An Integrated Risk Management Model for Large Construction Projects Based on Stakeholder Management Theory	en_US
dc.type	Conference Proceeding
utslib.location	Malaysia	en_US
utslib.location.activity	Kuala Lumpur, Malaysia	en_US
utslib.for	1202 Building	en_US
dc.location.activity	Kuala Lumpur, Malaysia	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building/School of Built Environment
utslib.copyright.status	closed_access
pubs.consider-herdc	true	en_US
pubs.place-of-publication	Malaysia	en_US
pubs.start-date	2009-11-03	en_US

Abstract:

Nowadays construction projects nrc becoming larger in size and more complex in nature as the Social economy grows rapidly and more money are invested in them. However, risk factors associated with large projects arc increasing, too. Large construction projects are usually complex in nature and risk factors are inter-dependent. Therefore, from the aspect of whole project, using an integrated method to evaluate and control risk, is a more efficient way of risk management. This paper proposes an integrated risk management model based on strategic stakeholder management theory. To verify the proposed model, it was applied to a key construction project in China - GuangZhou AH Hospital Project. A two-layered collaborative partnership model was established for the project, and risk management strategies have been carried out successfully by applying a series of management policies based on the model.

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http://hdl.handle.net/10453/11337