Risk evaluation in project management implementation: The case of infrastructural development projects

N. I. Dludhlu; J. H.C. Pretorius; C. J. Van Wyngaard

doi:10.1109/IEEM.2017.8290190

Risk evaluation in project management implementation: The case of infrastructural development projects

N. I. Dludhlu
, J. H.C. Pretorius
, C. J. Van Wyngaard

Postgraduate School of Engineering Management

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

2 Citations (Scopus)

Abstract

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.

Original language	English
Title of host publication	2017 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2017
Publisher	IEEE Computer Society
Pages	1743-1747
Number of pages	5
ISBN (Electronic)	9781538609484
DOIs	https://doi.org/10.1109/IEEM.2017.8290190
Publication status	Published - 2 Jul 2017
Event	2017 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2017 - Singapore, Singapore Duration: 10 Dec 2017 → 13 Dec 2017

Publication series

Name	IEEE International Conference on Industrial Engineering and Engineering Management
Volume	2017-December
ISSN (Print)	2157-3611
ISSN (Electronic)	2157-362X

Conference

Conference	2017 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2017
Country/Territory	Singapore
City	Singapore
Period	10/12/17 → 13/12/17

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 9 Industry, Innovation, and Infrastructure

Keywords

Project risk
project risk evaluation
project risk factors
project risk management
project risk mitigation

ASJC Scopus subject areas

Business, Management and Accounting (miscellaneous)
Industrial and Manufacturing Engineering
Safety, Risk, Reliability and Quality

Access to Document

10.1109/IEEM.2017.8290190

Cite this

Dludhlu, N. I., Pretorius, J. H. C., & Van Wyngaard, C. J. (2017). Risk evaluation in project management implementation: The case of infrastructural development projects. In 2017 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2017 (pp. 1743-1747). (IEEE International Conference on Industrial Engineering and Engineering Management; Vol. 2017-December). IEEE Computer Society. https://doi.org/10.1109/IEEM.2017.8290190

Dludhlu, N. I. ; Pretorius, J. H.C. ; Van Wyngaard, C. J. / Risk evaluation in project management implementation : The case of infrastructural development projects. 2017 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2017. IEEE Computer Society, 2017. pp. 1743-1747 (IEEE International Conference on Industrial Engineering and Engineering Management).

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title = "Risk evaluation in project management implementation: The case of infrastructural development projects",

abstract = "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.",

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Dludhlu, NI, Pretorius, JHC & Van Wyngaard, CJ 2017, Risk evaluation in project management implementation: The case of infrastructural development projects. in 2017 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2017. IEEE International Conference on Industrial Engineering and Engineering Management, vol. 2017-December, IEEE Computer Society, pp. 1743-1747, 2017 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2017, Singapore, Singapore, 10/12/17. https://doi.org/10.1109/IEEM.2017.8290190

Risk evaluation in project management implementation: The case of infrastructural development projects. / Dludhlu, N. I.; Pretorius, J. H.C.; Van Wyngaard, C. J.
2017 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2017. IEEE Computer Society, 2017. p. 1743-1747 (IEEE International Conference on Industrial Engineering and Engineering Management; Vol. 2017-December).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

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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.

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Dludhlu NI, Pretorius JHC, Van Wyngaard CJ. Risk evaluation in project management implementation: The case of infrastructural development projects. In 2017 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2017. IEEE Computer Society. 2017. p. 1743-1747. (IEEE International Conference on Industrial Engineering and Engineering Management). doi: 10.1109/IEEM.2017.8290190

Risk evaluation in project management implementation: The case of infrastructural development projects

Abstract

Publication series

Conference

UN SDGs

Keywords

ASJC Scopus subject areas

Access to Document

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