期刊名称:International Journal of Innovative Research in Science, Engineering and Technology
印刷版ISSN:2347-6710
电子版ISSN:2319-8753
出版年度:2016
卷号:5
期号:4
页码:5442
DOI:10.15680/IJIRSET.2016.0504177
出版社:S&S Publications
摘要:Infrastructure projects are crucial to the economy of any country, especially developing ones such as Egyptand most African countries. According to the World Bank, a 10 % rise in infrastructure assets directly increases GDPby up to 1 percentage point. There are many aspects to consider when dealing with infrastructure projects such asunique characteristics, complexity, risk, public safety, financial difficulty etc. The main issue is the contractor isburdened by and carries the risks involved in this type of project. The contractor’s risk management capability (RMC)reflects his team’s expertise of risk understanding and how he can manage those risks. Hence, proper assessment ofRMC may contribute to the probability of achieving project objectives. In addition, assessment of the client’s riskmanagement capability (client risk sharing) can support the RMC. The objectives of this study are: (1) to identifyappropriate indices to assess the RMC of the contractor’s infrastructure project; (2) to develop appropriate weightingsfor each index; (3) to develop an RMC assessment model for infrastructure project contractors and (4) to assess thecurrent overall RMC of infrastructure project contractors. The contractor risk management capabilities (RMC) arecategorized in three categories: (1) risk identification and assessment approaches, (2) risk response approaches (3) riskcontrol strategy. Each RMC in the three categories is assessed with respect to each project’s objective including cost,duration, quality, scope and any additional objective according to the client, project characteristics. These objectivesreflect the client’s capacity and willingness to share the risk.