TY - GEN
T1 - Risk evaluation in project management implementation
T2 - 2017 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2017
AU - Dludhlu, N. I.
AU - Pretorius, J. H.C.
AU - Van Wyngaard, C. J.
N1 - Publisher Copyright:
© 2017 IEEE.
PY - 2017/7/2
Y1 - 2017/7/2
N2 - Risk plays an important role in the success of infrastructure projects. In managing risk, the identification of risk factors is critical. This paper evaluates the impact of human, organizational and technological risk factors on infrastructure projects. A survey on how well risk factors and risk management/mitigation predict project performance was carried out. The results of the survey were analyzed through statistical analysis techniques namely, exploratory factor analysis, correlation and multiple regression. The correlation result showed a high positive correlation between risk management and risk mitigation. This correlation is likely to occur because if risk is better managed, positive results of risk mitigation will be higher. Hierarchical multiple regression explored the ability of the human, organizational and technology factors, risk management and risk mitigation to predict the project performance time factor. Risk mitigation appeared to be a strong predictor of performance. This result proves that risk mitigation does influence project performance.
AB - Risk plays an important role in the success of infrastructure projects. In managing risk, the identification of risk factors is critical. This paper evaluates the impact of human, organizational and technological risk factors on infrastructure projects. A survey on how well risk factors and risk management/mitigation predict project performance was carried out. The results of the survey were analyzed through statistical analysis techniques namely, exploratory factor analysis, correlation and multiple regression. The correlation result showed a high positive correlation between risk management and risk mitigation. This correlation is likely to occur because if risk is better managed, positive results of risk mitigation will be higher. Hierarchical multiple regression explored the ability of the human, organizational and technology factors, risk management and risk mitigation to predict the project performance time factor. Risk mitigation appeared to be a strong predictor of performance. This result proves that risk mitigation does influence project performance.
KW - Project risk
KW - project risk evaluation
KW - project risk factors
KW - project risk management
KW - project risk mitigation
UR - http://www.scopus.com/inward/record.url?scp=85045267765&partnerID=8YFLogxK
U2 - 10.1109/IEEM.2017.8290190
DO - 10.1109/IEEM.2017.8290190
M3 - Conference contribution
AN - SCOPUS:85045267765
T3 - IEEE International Conference on Industrial Engineering and Engineering Management
SP - 1743
EP - 1747
BT - 2017 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2017
PB - IEEE Computer Society
Y2 - 10 December 2017 through 13 December 2017
ER -
