The impact of project type on risk timing and frequency

Anthony J. Perrenoud, Kenneth Sullivan, Kristen Hurtado

Research output: Chapter in Book/Report/Conference proceedingConference contribution

1 Scopus citations

Abstract

A great amount of research has focused on improving project risk management processes. However, because of the uncertainty and variableness within building projects, past research has not been able to identify the frequency and timing of risk effects clearly during projects. Further project risk mapping is necessary to understand the characteristics of when risks occur. Understanding risk encounters on different project types can improve predictability of when risks occur during project schedules. This research captures risk management data from 229 design-bid-build building projects over a seven-year period. The projects encountered 1229 risks during the construction phase that had the potential to delay the schedule or increase the cost of the project. An analysis of the risks encountered was able to identify the quantity of risks identified accordingly to the originally planned schedule. The analysis provides a histogram that improves the ability to identify the timing and frequency of project risks during building projects. A discussion on the observations found in the research is presented. The objective of this paper is to determine if the project type has influence on the frequency and timing of the risks.

Original languageEnglish (US)
Title of host publicationConstruction Research Congress 2014
Subtitle of host publicationConstruction in a Global Network - Proceedings of the 2014 Construction Research Congress
PublisherAmerican Society of Civil Engineers (ASCE)
Pages1831-1840
Number of pages10
ISBN (Print)9780784413517
DOIs
StatePublished - Jan 1 2014
Event2014 Construction Research Congress: Construction in a Global Network, CRC 2014 - Atlanta, GA, United States
Duration: May 19 2014May 21 2014

Publication series

NameConstruction Research Congress 2014: Construction in a Global Network - Proceedings of the 2014 Construction Research Congress

Other

Other2014 Construction Research Congress: Construction in a Global Network, CRC 2014
CountryUnited States
CityAtlanta, GA
Period5/19/145/21/14

ASJC Scopus subject areas

  • Building and Construction

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  • Cite this

    Perrenoud, A. J., Sullivan, K., & Hurtado, K. (2014). The impact of project type on risk timing and frequency. In Construction Research Congress 2014: Construction in a Global Network - Proceedings of the 2014 Construction Research Congress (pp. 1831-1840). (Construction Research Congress 2014: Construction in a Global Network - Proceedings of the 2014 Construction Research Congress). American Society of Civil Engineers (ASCE). https://doi.org/10.1061/9780784413517.0187