Critical success factors for implementing risk management systems in developing countries

M. Reza Hosseini, Nicholas Chileshe, Jacqueline Jepson, Mehrdad Arashpour

Research output: Contribution to journalArticlepeer-review

20 Citations (Scopus)


A review of published studies on risk management in developing countries reveals that critical success factors for implementing risk management has remained an under-researched area of investigation. This paper is aimed at investigating the perceptions of construction professionals concerning the critical success factors (CSFs) for implementation of risk management systems (IRMS). Survey data was collected from 87 construction professionals from the Iranian construction industry as a developing country. The results indicate that four factors are regarded as highly critical: ‘support from managers’, ‘inclusion of risk management in construction education and training courses for construction practitioners’, ‘attempting to deliver projects systematically’, and ‘awareness and knowledge of the process for implementing risk management’. Assessing the associations among CSFs also highlighted the crucial role of enhancing the effectiveness of knowledge management practices in construction organisations. Study also revealed that parties involved in projects do not agree on the level of importance of CSFs for implementing risk management in developing countries. This study contributes to practice and research in several ways. For practice, it increases understanding of how closely knowledge management is associated with the implementation of risk management systems in developing countries. For research, the findings would encourage construction practitioners to support effective knowledge management as a precursor to higher levels of risk management implementation on construction projects.

Original languageEnglish
Pages (from-to)18-32
Number of pages15
JournalConstruction Economics and Building
Issue number1
Publication statusPublished - 2016
Externally publishedYes


  • Critical success factors
  • Developing countries
  • Risk management
  • The construction industry

ASJC Scopus subject areas

  • Building and Construction
  • General Business,Management and Accounting


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