An assessment of risk impact on road projects in Osun State, Nigeria

被引:9
作者
Leo-Olagbaye, Feyisetan [1 ]
Odeyinka, Henry A. [1 ]
机构
[1] Obafemi Awolowo Univ, Dept Quant Surveying, Ife, Nigeria
关键词
Cost performance; Time performance; Projects; Risk impact; Road construction; CONSTRUCTION; MANAGEMENT; MODEL;
D O I
10.1108/BEPAM-04-2019-0040
中图分类号
TU [建筑科学];
学科分类号
0813 ;
摘要
Purpose Road projects have been characterized by risk factors impacting project objectives. Thus, this paper focused on evaluating the effect of risk on cost and time performance of some selected road projects. Design/methodology/approach Using the theory of two-dimensional nature of risk, a questionnaire was used to collect data from 146 stakeholders involved in road projects in Osun State, Nigeria. Secondary data regarding cost and time performance of 40 selected road projects were also collected. The data collected were used to determine significant risk factors and also to develop multi-linear regression models for evaluating risk impact on cost and time performance of road projects. Findings Results showed that scope creep and design issues are major risk factors occurring on road projects and those political and economic factors provide higher order of impact. It further demonstrated the possibility of modelling risk impact on cost and time performance of road projects using significant risk factors. Practical implications The knowledge of the identified significant risk factors provides invaluable information to stakeholders regarding what risk variables to focus attention on in road construction. The developed models are also potential practical tools for decision-making. Originality/value The study provides a veritable tool for risk assessment that potentially helps with predicting risk impact on cost and time performance of road projects.
引用
收藏
页码:673 / 691
页数:19
相关论文
共 50 条
[41]   Subjective risk assessment for planning conservation projects [J].
Game, Edward T. ;
Fitzsimons, James A. ;
Lipsett-Moore, Geoff ;
McDonald-Madden, Eve .
ENVIRONMENTAL RESEARCH LETTERS, 2013, 8 (04)
[42]   Risk assessment and optimal scheduling of serial projects [J].
Zhang, Zixuan ;
Chronopoulos, Michail ;
Dimitrova, Dimitrina S. ;
Kyriakou, Ioannis .
OR SPECTRUM, 2024, 46 (03) :709-736
[43]   Sustainability risk assessment in mega construction projects [J].
Coskun, Cansu ;
Dikmen, Irem ;
Birgonul, M. Talat .
BUILT ENVIRONMENT PROJECT AND ASSET MANAGEMENT, 2023, 13 (05) :700-718
[44]   THE METHODOLOGY OF RISK ASSESSMENT IN THE PLANNING OF CONSTRUCTION PROJECTS [J].
Szafranko, Elzbleta .
PROCEEDINGS OF THE 1ST INTERNATIONAL CONFERENCE CONTEMPORARY ISSUES IN THEORY AND PRACTICE OF MANAGEMENT: CITPM 2016, 2016, :430-437
[45]   Modified Fuzzy Group Decision-Making Approach to Cost Overrun Risk Assessment of Power Plant Projects [J].
Islam, Muhammad Saiful ;
Nepal, Madhav P. ;
Skitmore, Martin .
JOURNAL OF CONSTRUCTION ENGINEERING AND MANAGEMENT, 2019, 145 (02)
[46]   TOWARDS CREATING THE ASSESSMENT METHODOLOGY FOR URBAN ROAD TRANSPORT DEVELOPMENT PROJECTS [J].
Griskeviciute-Geciene, Ausrine ;
Burinskiene, Marija .
TECHNOLOGICAL AND ECONOMIC DEVELOPMENT OF ECONOMY, 2012, 18 (04) :651-671
[47]   Sustainability assessment indicators of road infrastructure projects: a systematic literature review [J].
Kapatsa, Chisomo ;
Kavishe, Neema ;
Zulu, Sambo Lyson ;
Maro, Godwin .
JOURNAL OF ENGINEERING DESIGN AND TECHNOLOGY, 2024,
[48]   Characteristics of co-composts produced from raw faecal sludge and organic market waste in Osun state, southwest Nigeria [J].
Aluko, Olufemi O. ;
Oloruntoba, Elizabeth O. ;
Ana, Godson R. E. E. ;
Hammed, Taiwo B. ;
Afolabi, Olusegun T. .
INTERNATIONAL JOURNAL OF RECYCLING OF ORGANIC WASTE IN AGRICULTURE, 2020, 9 (04) :333-347
[49]   A-state-of-the-art review of risk management process of green building projects [J].
Wang, Lina ;
Chan, Daniel W. M. ;
Darko, Amos ;
Oluleye, Benjamin I. .
JOURNAL OF BUILDING ENGINEERING, 2024, 86
[50]   Risk assessment of construction projects in China under traditional and industrial production modes [J].
Gao, Jingxin ;
Ren, Hong ;
Cai, Weiguang .
ENGINEERING CONSTRUCTION AND ARCHITECTURAL MANAGEMENT, 2019, 26 (09) :2147-2168