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Corporate risk management for global contractors

  • Construction Engineering
  • Published:
KSCE Journal of Civil Engineering Aims and scope

Abstract

While the globalization of international construction market provides tremendous opportunities for global contractors, the risk of international projects is significantly increasing. However, the traditional risk management approach for overseas projects has maintained a single profit focus. In addition, this approach does not consider the overall risk at the corporate level, but rather focuses on the individuals project. This paper discusses a corporate risk management approach that can be implemented from the initial stages of potential project selections. It then develops a multi-criteria integrated portfolio analysis tool to make strategic corporate level decisions for the selection of intermational projects. Finally, to demonstrate and validate the approach, a case study is conducted based on the historical data collected from a multi-national general contractor.

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Author information

Authors and Affiliations

  1. Dept. of Civil and Environmental Engineering, Yonsei University, Seoul, Korea

    Seung H. Han (Mamber, Assistant Professor)

  2. Overseas Investment Division, Daewoo Construction Company, Seoul, Korea

    Young Lee (Manager)

  3. Education Facility Affairs Division, Ministry of Education and Human Resource Development, Seoul, Korea

    Jong H. Ock (Mamber, Director)

Authors
  1. Seung H. Han
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  2. Young Lee
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  3. Jong H. Ock
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Corresponding author

Correspondence to Seung H. Han.

Additional information

The manuscript for this paper was submitted for review on February 7, 2002.

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Han, S.H., Lee, Y. & Ock, J.H. Corporate risk management for global contractors. KSCE J Civ Eng 6, 77–88 (2002). https://doi.org/10.1007/BF02829127

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  • DOI: https://doi.org/10.1007/BF02829127

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