The implementation of major projects is complicated by the multiplicity of beneficiaries, owners, and all participants in the project as well as the technical overlap between the various engineering, financial and administrative works, while the specific features of the construction activity have a clear influence in shaping the nature of construction projects because the implementation processes were associated with a deep and long-term intervention in the natural environment, where construction is a burden on the environment, both in the construction phase and during the maintenance and liquidation phases: it requires depreciation of a large number of material resources. Through that, this study focused on clarifying the most important concepts of risk management and modern strategies in risk analysis and how to respond to them and monitor projects. The study then presented a questionnaire for the risks facing major projects in Egypt. Through analyzing the results of the questionnaire, a qualitative risk analysis was conducted that can be used to prioritize response to risks, in addition to conducting a Monte Carlo simulation based on theoretical foundations and providing a new process for prioritizing project risks related to sustainability, where the (Primavera Risk Analysis) program was used to clarify the impact of risks on project time and cost. All analyses are based on the theoretical background regarding risk, risk management process, and project life cycle approach in the sustainable construction sector. with the help of this study, it is possible to address ways of mitigating the harmful effects on the environment through the implementation of sustainable management in the planning of future projects and better management of current projects.
How to cite this paper
Habib, M., Eldawla, M & Zaki, M. (2023). A risk management model for large projects in the construction phase in Egypt.Journal of Project Management, 8(1), 25-36.
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Banaitiene, N., & Banaitis, A. (2012). Risk management in construction projects. Risk Management–Current Issues and Challenges. In N. Banaitiene (Ed.), Risk Management–Current Issues and Challenges, 429-448.
Bizon-Gorecka, J., & Gorecki, J. (2019, February). Risk Management in Construction Project: Taking Sustainability in-to Account. In IOP Conference Series: Materials Science and Engineering (Vol. 471, No. 11, p. 112069). IOP Pub-lishing.
Fregonara, E., Ferrando, D. G., & Pattono, S. (2018). Economic–environmental sustainability in building projects: In-troducing risk and uncertainty in LCCE and LCCA. Sustainability, 10(GUIDE, 2017), 1901.
Giannakis, M., & Papadopoulos, T. (2016). Supply chain sustainability: A risk management approach. International Journal of Production Economics, 171, 455-470.
GUIDE, P. (2017). A guide to the project management of knowledge, six edition. In Project Management Institute.
GUIDE, P. (2021). A guide to the project management of knowledge, seventh edition. In Project Management Institute.
Nabawy, M., & Khodeir, L. M. (2020). A systematic review of quantitative risk analysis in construction of mega pro-jects. Ain Shams Engineering Journal, 11(Fregonara et al., 2019), 1403-1410.
Nabawy, M., & Khodeir, L. M. (2021). Achieving efficiency in quantitative risk analysis process–Application on infra-structure projects. Ain Shams Engineering Journal, 12(Banaitiene & Banaitis, 2012), 2303-2311.
Obondi, K. (2022). The utilization of project risk monitoring and control practices and their relationship with project success in construction projects. Journal of Project Management, 7(Abd Karim et al., 2012), 35-52.
PMI, P. (2019). The Standard for Risk Management in Portfolios, Programs and Projects. In Project Management Insti-tute.
Qazi, A., Shamayleh, A., El-Sayegh, S., & Formaneck, S. (2021). Prioritizing risks in sustainable construction projects using a risk matrix-based Monte Carlo Simulation approach. Sustainable Cities and Society, 65, 102576.
ROPEL, M., & GAJEWSKA, E. (2011). Risk Management Practices in a Construction Project–a case study (Master's thesis).
Sichone, E. (2020). An assessment on monitoring of risks in road construction projects in zambia: a case study of lusa-ka. An Assessment on Monitoring of Risks in Road Construction Projects in Zambia: A Case of Lusaka.
Srinivas, K. (2021). Risk Mitigation: Sustainable Management in Construction Industry. In Risk Management. IntechOpen.
Steyn, J. (2018). Quantitative risk analysis for projects.
https://www.researchgate.net/publication/327981100_Quantitative_Risk_Analysis_for_Projects
Wiley J, Ltd S (2018), Project Risk Management Guide Part I: Guidance for WSDOT Projects. Engineering and Region-al Operations Development Division”, Design Office, SAEO.