Development of a client-based risk management methodology for the early design stage of construction processes: Applied to the KSA

Purpose – The risk factors associated with clients have a major impact on the successful delivery of a project from early design to the construction and operation stages. Risk management studies conducted so far have not succeeded in providing an effective risk assessment methodology for clients in analysing and managing the risk factors that cause both project delays and cost overruns. So, the purpose of this paper is to provide a methodology for a client-based risk management model. Design/methodology/approach – A conceptual framework is designed by integrating the findings from a literature review and a construction industry survey in the Kingdom of Saudi Arabia. The framework includes the risk identification, risk analysis and mitigation strategy, which are the key components of the model. The model of the framework is developed by integrating the analytical hierarchy process (AHP) and Monte Carlo simulation (MCS) underpinned within an @Risk program. Findings – A case study is used to demonstrate the ...

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