Making Project Risk Response Decisions through Stakeholders’ Impact on Project Risk Interaction
Complex stakeholders’ relationships and the project risks interactions exist in today’s construction projects due to the increasing project complexity, especially in mega projects. In order to identify critical risks, it is imperative to clarify the stakeholders’ relationships, the process of risk interaction, and how stakeholders’ behaviors influence the occurrence and the controlling of risks in the project. The purpose of this work is to evaluate the stakeholders’ impact on the project risk interaction by building a two-layer network model and promote the effectiveness of risk control through identifying the key network nodes. The two-layer network model includes a stakeholder relationship network (SRN) and a risk interaction network (RIN), as well as the links between the two networks. The key to building SRN-RIN two-layer network for a construction project is identifying three relationship sets, includes the stakeholders’ relationship, the risk interaction relationship, and the relationship between stakeholders and risks. An illustrative example is conducted to illustrate the analysis process. This work advances the research on risk interaction in construction projects by incorporating human behavior. The findings will provide support for project managers to improve their risk response decision, which will contribute to the construction project success.
- Record URL:
-
Availability:
- Find a library where document is available. Order URL: http://worldcat.org/isbn/9780784483978
-
Supplemental Notes:
- © 2022 American Society of Civil Engineers.
-
Corporate Authors:
American Society of Civil Engineers
1801 Alexander Bell Drive
Reston, VA United States 20191-4400 -
Authors:
- Liu, Zhixue
- Ding, Ronggui
- Wang, Lei
- Song, Rui
- Song, Xinyi
-
Conference:
- Construction Research Congress 2022
- Location: Arlington Virginia, United States
- Date: 2022-3-9 to 2022-3-12
- Publication Date: 2022
Language
- English
Media Info
- Media Type: Web
- Pagination: pp 794-804
- Monograph Title: Construction Research Congress 2022: Project Management and Delivery, Controls, and Design and Materials
Subject/Index Terms
- TRT Terms: Construction projects; Decision making; Project management; Risk
- Subject Areas: Administration and Management; Construction; Highways;
Filing Info
- Accession Number: 01841251
- Record Type: Publication
- ISBN: 9780784483978
- Files: TRIS, ASCE
- Created Date: Mar 31 2022 4:50PM