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Article: Assembling integrated project teams for joint risk management

TitleAssembling integrated project teams for joint risk management
Authors
KeywordsIntegration
Joint risk management
Procurement
Relational contracting
Supply chain management
Issue Date2005
PublisherRoutledge. The Journal's web site is located at http://www.tandf.co.uk/journals/titles/01446193.asp
Citation
Construction Management and Economics, 2005, v. 23 n. 4, p. 365-375 How to Cite?
AbstractExhaustive risk allocation cannot be achieved through contract conditions, because all risk items cannot be foreseen at the planning stage. Effective management of unforeseen risks/events at post‐contract stage needs the collective efforts of all major contracting parties. The attitude and motivation of project participants are critical to such collaborative arrangements. Project ‘partners’ need to be conditioned, starting with their selection processes, by incorporating appropriate ‘soft’ or relational qualities as important selection criteria. They would then need to work under suitable teambuilding protocols, with flexible contract conditions and appropriate adjustment mechanisms that would all be tailored to suit each specific project. The theoretical construct so developed is examined through a series of recent Hong Kong based studies on ‘joint risk management’. Results lead to the development of a framework for building a coalesced team that includes owners, consultants, contractors, subcontractors and suppliers.
Persistent Identifierhttp://hdl.handle.net/10722/71164
ISSN
2023 Impact Factor: 3.0
2023 SCImago Journal Rankings: 0.874
ISI Accession Number ID

 

DC FieldValueLanguage
dc.contributor.authorRahman, MM-
dc.contributor.authorKumaraswamy, MM-
dc.date.accessioned2010-09-06T06:29:30Z-
dc.date.available2010-09-06T06:29:30Z-
dc.date.issued2005-
dc.identifier.citationConstruction Management and Economics, 2005, v. 23 n. 4, p. 365-375-
dc.identifier.issn0144-6193-
dc.identifier.urihttp://hdl.handle.net/10722/71164-
dc.description.abstractExhaustive risk allocation cannot be achieved through contract conditions, because all risk items cannot be foreseen at the planning stage. Effective management of unforeseen risks/events at post‐contract stage needs the collective efforts of all major contracting parties. The attitude and motivation of project participants are critical to such collaborative arrangements. Project ‘partners’ need to be conditioned, starting with their selection processes, by incorporating appropriate ‘soft’ or relational qualities as important selection criteria. They would then need to work under suitable teambuilding protocols, with flexible contract conditions and appropriate adjustment mechanisms that would all be tailored to suit each specific project. The theoretical construct so developed is examined through a series of recent Hong Kong based studies on ‘joint risk management’. Results lead to the development of a framework for building a coalesced team that includes owners, consultants, contractors, subcontractors and suppliers.-
dc.languageeng-
dc.publisherRoutledge. The Journal's web site is located at http://www.tandf.co.uk/journals/titles/01446193.asp-
dc.relation.ispartofConstruction Management and Economics-
dc.rightsPreprint: This is an Author's Original Manuscript of an article published by Taylor & Francis Group in [JOURNAL TITLE] on [date of publication], available online: http://www.tandfonline.com/doi/abs/[Article DOI]. Postprint: This is an Accepted Manuscript of an article published by Taylor & Francis Group in [JOURNAL TITLE] on [date of publication], available online at: http://www.tandfonline.com/doi/abs/[Article DOI]. -
dc.subjectIntegration-
dc.subjectJoint risk management-
dc.subjectProcurement-
dc.subjectRelational contracting-
dc.subjectSupply chain management-
dc.titleAssembling integrated project teams for joint risk management-
dc.typeArticle-
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0144-6193&volume=23&issue=4&spage=365&epage=375&date=2005&atitle=Assembling+integrated+project+teams+for+joint+risk+managementen_HK
dc.identifier.emailRahman, MM: mmrahman@hkucc.hku.hk-
dc.identifier.emailKumaraswamy, MM: mohan@hkucc.hku.hk-
dc.identifier.authorityKumaraswamy, MM=rp00126-
dc.identifier.doi10.1080/01446190500040083-
dc.identifier.scopuseid_2-s2.0-84971439478-
dc.identifier.hkuros105724-
dc.identifier.volume23-
dc.identifier.issue4-
dc.identifier.spage365-
dc.identifier.epage375-
dc.identifier.isiWOS:000213177700004-
dc.publisher.placeUnited Kingdom-
dc.identifier.issnl0144-6193-

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