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Evaluating Risk Management in Jordanian Construction Projects: An ISO 31000-2009 Implementation Perspective

  • Naser Abuyassin
  • A. S. H. Yousif
  • Najm A. Najm
Conference paper
Part of the Lecture Notes in Mechanical Engineering book series (LNME)

Abstract

This study aims at firstly; presenting a risk management framework of ISO 3100-2009 based on its main five components: establishment of context, risk assessment, risk treatment, communication and consultation, and monitoring and review and secondly; exploring the effect of those ISO 31000-2009 five components of risk management on performance criteria (i.e. financial budget obligation, quality specifications, and delivery date). This study based on a convenience sample that encompassed four Jordanian construction companies working within greater Amman Area. These companies are DAMAC Real Estate Development Limited, Arab Towers Contracting Company, Al-Yacoub Contracting Est. and Greater Amman Municipality. (Amman Municipality engineering department is actually acting as a construction company to conduct engineering projects for the interest of Amman Municipality). The three main hypotheses of this study were tested and statistical results were tabulated, interpreted, and discussed. The statistical testing results reveal that the three ISO 31000-2009 components of risk management (i.e. establishing the context, risk assessment, and risk assessment) have a positive impact on the project financial budget obligation, quality specifications and delivery date. While the other two components (i.e. communication and consultation, and Monitoring and review) have no effect on the implemented project performance criteria.

Keywords

Risk management Risk assessment Construction project ISO 31000-2009 Performance criteria 

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Copyright information

© Springer International Publishing AG, part of Springer Nature 2018

Authors and Affiliations

  • Naser Abuyassin
    • 1
  • A. S. H. Yousif
    • 1
  • Najm A. Najm
    • 1
  1. 1.Al-Zaytoonah University, Accounting DepartmentAmmanJordan

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