Research proposal for Risk Management - 2030 Words

Contents: (I) Proposed Title (II) Introduction (III) Brief introduction of Chinese construction industry (IV) The recent trends of risk management in Chinese construction industry (V) Brief Literature Review Sources of risk Classification of risk Perceptions of risk Risk management process (VI) Methodology Secondary Analysis Questionnaire Individual Interviews Case Study (VII) Proposed Research Time-Table (VIII) References Proposed Title: Risk and its Management in construction industry in China Introduction: The increasing pace of change, customer demands and market globalization all put risk management high on the agenda for forward thinking companies. Risks cause cost overrun and schedule delay in many projects. The†¦show more content†¦This can be traced to many causes as Lu mentioned, including: Technical, quality or performance reasons, such as employment of inexperienced designers, changes to the technology used or to industry standards during the project. Organizational problems, such as cost, time and scope objectives that are internally inconsistent, lack of prioritization of projects, inadequacy or interruption of funding, and resource conflicts with other projects in the organization. External problems, such as shifting legal or regulatory environment, poor geological conditions and weather, force majeure. Project management, such as poor allocation of time and resources, inadequate quality of project plan, and poor use of project management disciplines. (Lu 2003) Risk management is still new to China; it was introduced and applied in construction industry for a relative short period. Survey showed that Chinese contractors are often responsible for most risk factors, meanwhile, the use of risk analysis techniques for managing and controlling risk are generally low among the Chinese construction industry. Basically, most contractors still resort to the subjective judgment and practice experience for perceiving and managing risks. However,Show MoreRelatedResearch Proposal : Risk Management2089 Words   |  9 PagesResearch proposal Stephen Ebonine Birkbeck College, University of London Introduction Risk Management is a relevant task in a management such as marketing, purchasing and finance. If we look at its functional aspect, we can easily observe that is used by every country to direct the realisation of the economic objectives. 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