Abstract
PurposeTo achieve project success, an effective project risk management procedure is inevitable. The purpose of this paper is to investigate the influence of risk factors on project success in the Chinese construction industry context.Design/methodology/approachThis study by way of utilizing both qualitative and quantitative methods has examined risk factors that are closely linked to project success in the Chinese construction industry.FindingsAfter a thorough survey and analysis, risk factors related to designer, contractor, subcontractor, client and government are shown to affect project success to some extent.Originality/valueIt is suggested that the present research may be made more generalizable by a larger, more representative samples across various industries and regions of China.
Highlights
The business of creating and delivering ‘projects’ has become an increasingly critical part of the business landscape
The second question is about the understanding of the term ‘identifying risk factor’ in the construction industry, and it turns out that most people have knowledge about identifying risk factors in the Chinese construction industry (Figure 2, appendix)
These two questions suggest that people who work in Chinese construction industry are familiar with project risk and identifying risks
Summary
The business of creating and delivering ‘projects’ has become an increasingly critical part of the business landscape. A study of China's comparative advantage in manufacturing between 1987 and 2005 reports a shift towards higher‐tech sectors, in selected medium‐tech sectors (e.g. office machines and electric machinery) and the high-tech telecommunications and automatic data processing equipment sectors (Vaidya et al, 2007). Whilst a great amount of research has studied construction projects, knowledge about risk management is constantly developing, and construction industry contractors find effective implementation challenging (Baloi and Price, 2003). This could be attributed to fragmented and unorganized nature of the construction business. This paper aims to investigate the influence of risk factors on project success in the Chinese construction industry context
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