A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Risk management implementation in small and medium enterprises in the UK construction industry
Purpose The competition and challenges facing construction firms during the recent recession have brought risk management (RM) to the fore in people’s minds. Examination of the difficulties of implementing RM in small and medium enterprises (SMEs) in the UK construction industry has been relatively untouched. The paper aims to discuss these issues. Design/methodology/approach As part of on-going research to facilitate RM processing aimed at improving the competitiveness of SMEs, the difficulties in RM implementation were identified through a literature review of RM implementation in SMEs. Postal questionnaire were sent to SMEs who have experience of construction management. Findings Of the 153 of SMEs responding, most highlighted that the main difficulty experienced is how to scale RM process to meet their requirements. None of the available standards explain the fundamental principle of applying RM to the situations that SMEs find themselves in. This difficulty is further exacerbated by a lack of management skills and knowledge in the adoption of RM tools or techniques to identify and analyse the business’ risks. Originality/value The identified difficulties can be considered to develop a process to facilitate RM process within SMEs.
Risk management implementation in small and medium enterprises in the UK construction industry
Purpose The competition and challenges facing construction firms during the recent recession have brought risk management (RM) to the fore in people’s minds. Examination of the difficulties of implementing RM in small and medium enterprises (SMEs) in the UK construction industry has been relatively untouched. The paper aims to discuss these issues. Design/methodology/approach As part of on-going research to facilitate RM processing aimed at improving the competitiveness of SMEs, the difficulties in RM implementation were identified through a literature review of RM implementation in SMEs. Postal questionnaire were sent to SMEs who have experience of construction management. Findings Of the 153 of SMEs responding, most highlighted that the main difficulty experienced is how to scale RM process to meet their requirements. None of the available standards explain the fundamental principle of applying RM to the situations that SMEs find themselves in. This difficulty is further exacerbated by a lack of management skills and knowledge in the adoption of RM tools or techniques to identify and analyse the business’ risks. Originality/value The identified difficulties can be considered to develop a process to facilitate RM process within SMEs.
Risk management implementation in small and medium enterprises in the UK construction industry
Rostami, Ali (author) / Sommerville, James (author) / Wong, Ing Liang (author) / Lee, Cynthia (author)
2015-01-19
Rostami , A , Sommerville , J , Wong , I L & Lee , C 2015 , ' Risk management implementation in small and medium enterprises in the UK construction industry ' , Engineering, Construction and Architectural Management , vol. 22 , no. 1 , pp. 91-107 . https://doi.org/10.1108/ECAM-04-2014-0057
Article (Journal)
Electronic Resource
English
construction industry , small and medium enterprises , SDG 8 - Decent Work and Economic Growth , risk management , /dk/atira/pure/sustainabledevelopmentgoals/decent_work_and_economic_growth , Innovation , /dk/atira/pure/sustainabledevelopmentgoals/industry_innovation_and_infrastructure , and Infrastructure , implementation , risk management tools , SDG 9 - Industry , UK
DDC:
690
Risk management implementation in small and medium enterprises in the UK construction industry
| Emerald Group Publishing | 2015
Risk management implementation in small and medium enterprises in the UK construction industry
| Online Contents | 2015