RISK MANAGEMENT MATURITY MODEL IN CONSTRUCTION INDUSTRY FROM CONTRACTORS PERSPECTIVE IN NEW CAPITAL CAIRO

Abstract

In terms of constructing mega projects and the importance of developing and implementing a proper risk management, this study was initiated with the objective of providing a better understanding to risk management in construction industry, from contractors’ perspective. Primarily, objectives were set and the research methodology was put forward to attain such objectives. This research implemented a closed-ended questionnaire with interviews to assemble data from local construction companies in the New Administrative Capital of Egypt that identified the risks that faced their projects. The research methodology encompassed 4 studies (Theoretical Study, Field Study, Analytical Study and Inferential Study). During the Theoretical Study, literature in the field of risk management in the construction industry were accumulated, studied, scrutinized and categorized into groups. All through the Field Study, a questionnaire form was structured and distributed among a population of 60 individuals in the construction field. The questionnaire forms were answered and assembled. Throughout the Analytical Study, the questionnaire forms were analyzed using SPSS “Statistical-Program-for-Social-Science” and AHP “Analytical-Hierarchy- Process”. The results were presented on 96 charts so as tables and discussed. During the Inferential Study, conclusions were drawn and recommendations for future research and Engineering practice were suggested. The research prioritized the construction industry risk factors, their importance and frequency. Moreover, risk mitigation actions were settled. In addition, some actions that would most probably improve risk management practices were recommended