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Keywords

Risk management, Risk ranking, Risk impact, Construction projects, Lebanon

Disciplines

Civil and Environmental Engineering | Construction Engineering and Management | Engineering

Abstract

The complexity of construction projects and their dependence on a wide range of factors make the integration of risk management into project management essential for achieving successful project outcomes. This research aims to develop a risk management system for public works projects, primarily in Lebanon. To achieve this, the main risks affecting the Lebanese construction industry were investigated, and their impact on the “golden triangle” of time, cost, and quality was analyzed. A questionnaire survey was conducted with a randomly selected sample of 55 engineers working in the Lebanese construction market. The questionnaire included 52 risk factors categorized into seven main groups. The Relative Importance Index (RII) method was used to rank the risks, while the Frequency of Occurrence (FO) method was applied to evaluate their impact. Risk identification and classification were first conducted for all participants. Subsequently, identification and classification were performed based on the engineer’s role in the project, the type of company and working sector, the type of project, and its location. Based on the obtained results, the Spider WEB model was developed as a guiding framework for risk management. Following the Spider WEB model will enhance stakeholders' construction management knowledge, particularly in developing countries like Lebanon. This approach enables the timely implementation of remedial actions, significantly reducing unforeseen costs, improving quality, and increasing the likelihood of adhering to project schedules.

Author ORCID Identifier

Olivia Kalakesh https://orcid.org/0009-0007-1745-6919

Walid Shatila https://orcid.org/0009-0002-9429-972X

Ali Hatoum https://orcid.org/0000-0002-7510-0626

ISSN

2959-331X

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