IDEAS home Printed from https://ideas.repec.org/a/taf/conmgt/v38y2020i3p207-222.html
   My bibliography  Save this article

Influence of risk mitigation measures on international construction project success criteria – a survey of Indian experiences

Author

Listed:
  • Satish Kumar Viswanathan
  • Kamalendra Kumar Tripathi
  • Kumar Neeraj Jha

Abstract

Despite globalisation bringing diverse opportunities for construction firms from developing countries, executing international construction projects entails many risks. Several past studies illustrate the risks faced by firms in international construction projects and recommend various risk mitigation measures without revealing their effect on project success criteria. In order to fill this knowledge gap, this study aims to test the influence of identified risk mitigation measures on project success criteria. To achieve this, nine risk mitigation measures and three project success criteria—cost performance, schedule performance and firm’s performance—were identified through a literature review. After verifying the identified risk mitigation measures and project success criteria with a preliminary study, a questionnaire was administered to experts who possess adequate knowledge in international construction projects. The collected data from 105 questionnaires were analyzed, grouped and modelled using factor analysis and structural equation modelling (SEM). Application of factor analysis to identify the correlated risk mitigation measures extracted three risk mitigation factors, namely pre-project planning, local participation and contract selection. Furthermore, the influence of risk mitigation factors on project success criteria is hypothesized and tested using SEM. Amongst the identified risk mitigation factors, local participation emerges as the most influencing factor on project success criteria followed by contract selection and pre-project planning. The generated model would enable construction firms from India and similar developing countries to focus on identified risk mitigation factors to achieve improved project success criteria and project management success.

Suggested Citation

  • Satish Kumar Viswanathan & Kamalendra Kumar Tripathi & Kumar Neeraj Jha, 2020. "Influence of risk mitigation measures on international construction project success criteria – a survey of Indian experiences," Construction Management and Economics, Taylor & Francis Journals, vol. 38(3), pages 207-222, March.
    • Handle: RePEc:taf:conmgt:v:38:y:2020:i:3:p:207-222
    DOI: 10.1080/01446193.2019.1577987
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/01446193.2019.1577987
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/01446193.2019.1577987?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Aleksandar Senić & Momčilo Dobrodolac & Zoran Stojadinović, 2024. "Development of Risk Quantification Models in Road Infrastructure Projects," Sustainability, MDPI, vol. 16(17), pages 1-20, September.
    2. Zhao, Jianfeng & Greenwood, David & Thurairajah, Niraj & Liu, Henry J. & Haigh, Richard, 2022. "Value for money in transport infrastructure investment: An enhanced model for better procurement decisions," Transport Policy, Elsevier, vol. 118(C), pages 68-78.
    3. Ominde, Diana & Ochieng, Edward Godfrey & Omwenga, Vincent Oteke, 2021. "Optimising ICT infrastructure performance in developing countries: Kenyan viewpoint," Technological Forecasting and Social Change, Elsevier, vol. 169(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:conmgt:v:38:y:2020:i:3:p:207-222. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RCME20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.