Proceedings of the 17th International Symposium on Advancement of Construction Management and Real Estate pp 799-804 | Cite as
Identification of Major Duration Delay Risks in Infrastructure Projects: Viewpoints from Different Stakeholders
Abstract
Effective risk management is regarded as a key factor to ensure the successful implementation of infrastructure projects. However, previous literature shows that how various stakeholders perceive duration risks in infrastructure projects in China is lacking. Thus, this study aims to identify major duration risks in infrastructure projects and make a comparison of various stakeholders’ views toward these risks. With the aid of literature review and questionnaire survey, 15 major duration risks are identified and analyzed. The results demonstrates that contractors shall take main initiative in managing duration risks. Further, there is a consensus among different stakeholders that major duration risks include “F04 Construction change by clients”, “F05 Late monthly payment”, “F15 Unreasonable schedule plan”, and “F12 Design changes”. These findings would be useful for deepening the understanding of duration risks in Chinese infrastructure projects.
Keywords
Duration delay Risk management Infrastructure project Project stakeholderNotes
Acknowledgments
This study was supported by the National Natural Science Foundation of China (71272088).
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