The significant impact of construction projects on a nation has been characterised in literature in terms of infrastructure development and job creation. These projects are nevertheless associated with various risks that need to be managed to achieve set goals. To manage the project for a successful delivery, several management actions or practices are used to avoid or reduce the negative effects of risks. Hence, this study sought to investigate the effectiveness of risk management actions used in construction projects according to contractor's perspective. A questionnaire survey was carried out, and a total of thirteen risk management actions were identified which were further categorized into two groups of preventive and mitigative actions. Research findings identified subjective judgment to produce a proper programme and production of a proper schedule as mostly used actions to manage risks in the first group. Furthermore, close supervision, increase the working hours, and coordinate closely with subcontractors were the most used actions to manage risks in the latter group. The results of this study would considerably boost the understanding of risk management actions and also assist contractors in handling various risks faced by the industry.
展开▼
