Logo
Munich Personal RePEc Archive

Exploring Critical Risk Factors of Office Building Projects

Nguyen, Phong Thanh and Phu Pham, Cuong and Thanh Phan, Phuong and Bich Vu, Ngoc and Tien Ha Duong, My and Le Hoang Thuy To Nguyen, Quyen (2020): Exploring Critical Risk Factors of Office Building Projects. Published in: Journal of Asian Finance, Economics and Business , Vol. 8, No. 2 (29 February 2021): 0309-0315.

[thumbnail of MPRA_paper_109901.pdf]
Preview
PDF
MPRA_paper_109901.pdf

Download (239kB) | Preview

Abstract

Risks and uncertainty are unavoidable problems in management of projects. Therefore, project managers should not only prevent risks, but also have to respond and manage them. Risk management has become a critical interest subject in the construction industry for both practitioners and researchers. This paper presents critical risk factors of office building projects in the construction phase in Ho Chi Minh City, Vietnam. Data was collected through a questionnaire survey based on the likelihood and consequence level of risk factors. These factors fell into five groups: (i) financial risk factors; (ii) management risk factors; (iii) schedule risk factors; (iv) construction risk factors; and (v) environment risk factors. The research results showed that critical factors affecting office building projects are natural (i.e., prolonged rain, storms, climate effects) and human-made issues (i.e., soil instability, safety behaviors, owner’s design change) and the schedule-related risk factors contributed to the most significant risks for office buildings projects in the construction phase in Ho Chi Minh City. They give construction management and project management practitioners a new perspective on risks and risk management of office buildings projects in Ho Chi Minh City and are proactive in the awareness, response, and management of risk factors comprehensively.

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.