Risk and risk management in construction: a review and future directions for research

P.J. EDWARDS (Department of Building and Construction Economics, Royal Melbourne Institute of Technology University, Melbourne, Victoria, Australia)
P.A. BOWEN (Department of Construction Economics and Management, University of Cape Town, Cape Town, South Africa)

Engineering, Construction and Architectural Management

ISSN: 0969-9988

Publication date: 1 April 1998

Abstract

The literature on construction and project risk management published during the period from 1960 to 1997 is reviewed and analysed to identify trends and foci in research and practice. This analysis is used to identify gaps and inconsistencies in the knowledge and treatment of construction and project risk. The findings suggested that political, economic, financial and cultural categories of construction risk deserve greater research attention, as do those associated with quality assurance, and occupational health and safety. Temporal aspects of risk, and risk communication, are also important fields for investigation.

Keywords

Citation

EDWARDS, P. and BOWEN, P. (1998), "Risk and risk management in construction: a review and future directions for research", Engineering, Construction and Architectural Management, Vol. 5 No. 4, pp. 339-349. https://doi.org/10.1108/eb021087

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Publisher

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MCB UP Ltd

Copyright © 1998, MCB UP Limited

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