A risk management framework for highway construction companies in Vietnam | |
| Author | Pham Quang Cuong |
| Call Number | AIT Thesis no.CM-12-01 |
| Subject(s) | Roads--Design and construction--Vietnam Risk management--Vietnam |
| Note | A thesis submitted in partial fulfillment of the re quirement for the degree of Master of Engineering in Construction Engineering and Infrastructure Management, School of Engineering and Technology |
| Publisher | Asian Institute of Technology |
| Series Statement | Thesis ; no. CM-12-01 |
| Abstract | Highway construction industry is long known to cont ain more risks than many other industries because of the effect of a variety of un controllable factors and the severe competition degree. However currently in Vietnam th e understanding of highway construction companies about risk management is ver y poor, lacking of a clear identification of risks and the methods to deal wit h these risks systematically. The purpose of this study is to identify and rank the risks fac ing the highway construction companies as well as to determine the risk responses that effect ively help the contractors to handle them. This research is based on quantitative method, usin g questionnaire for data collection and utilizing SPSS software to analyze the data. The respondents in this research are directors and experienced project managers from sixty different contractors. The respondents are asked to assess the risks and the degree of the application of risk responses in their company as w ell as to provide the information related to the corporate performance. The risks afterwards are ranked in terms of probability of occurrence, severity and impact and then the risk r esponses with strong correlation with corporate performance are pointed out. The outcome of data analysis is the ranking of risk s that will help increase the attention of the Vietnamese contractors to the critical ones whi ch might threaten their project success. The effective risk responses with strong correlatio n with project performance are listed and are put into the relevant stages of project life cy cle to form the risk response framework. This framework can be considered as an action guide that the highway construction companies should apply as strong as they can to mak e their projects more secured against the risks. |
| Year | 2012 |
| Corresponding Series Added Entry | Asian Institute of Technology. Thesis ; no. CM-12-01 |
| Type | Thesis |
| School | School of Engineering and Technology (SET) |
| Department | Department of Civil and Infrastucture Engineering (DCIE) |
| Academic Program/FoS | Construction Engineering and Infrastructure Management (CM) |
| Chairperson(s) | Hadikusumo, Bonaventura H.W. |
| Examination Committee(s) | Chotchai Charoenngam;Kunnawee Kanitpong; |
| Scholarship Donor(s) | Thailand (HM King); |
| Degree | Thesis (M. Eng.) - Asian Institute of Technology, 2012 |