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This research aimed at identifying the most significant risks relevant to construction contracts of two power station projects in Egypt. These were large scale, fast‐track projects where a multi‐package contracting plan was utilized. Further, the study investigated how risks were perceived and managed by a large sample of Egyptian and international contractors who participated in the execution of these two major projects. A checklist of risk categories was developed to aid contractors in their risk identification effort. The compilation of this checklist identified the following risk categories: 1) owner’s obligations; 2) interface with other contractors; 3) liability risks; 4) financial risks; 5) risks related to changes; 6) technical risks and 7) consortium risks. Research results identified a marked lack of consistency in the contractors’ risk identification effort. Contractors possessing past experience in Egypt were far better able to identify the relevant risks. On the other hand, local Egyptian contractors with vast experience in Egypt but limited project management experience were shown to lack the necessary expertise to properly identify risks and to take the appropriate exceptions. Furthermore, the results revealed that bidders do not include in their proposals their “true” lists of exceptions which represent genuine risks to them.

The purpose of this paper is to present the development and implementation of a qualitative, code-compliance framework for property managers of student housing facilities.

The paper identified the fire safety code requirements for student housing facilities and arranged these requirements in the form of a checklist, which was further validated by professional experts. Additionally, the paper presented an IDEF₀ (Integrated Definition for Function Modeling) framework model that illustrates a stepwise process for the deployment of the checklist. A case study was conducted on three similar student housing facilities in a university campus to demonstrate the application of the framework. Furthermore, the findings from the case study were reported along with recommendations to improve the degree of compliance with the requirements of fire safety codes.

The developed framework was validated by professional experts and through a case study. Fire safety provisions were mostly found to be adequate in the case study building. The authors proposed several actions to improve the current status of fire safety in the building.

The paper serves to disseminate awareness about the occurrence of fires, their severe consequences and precautionary measures in student housing facilities. It also provides a standardized checklist for ease of use by property managers who may be unable to understand the technical terminologies found in fire safety codes and standards. Thus, the developed framework is of tangible value to property managers, building specialists and student housing administrators.

The purpose of this paper is to develop a risk identification checklist for facilitating user companies to surface, organise and manage potential risks associated with the post‐adoption of enterprise resource planning (ERP) systems.

A desktop study, based on the process of a critical literature review, is conducted by the researchers. The critical review focuses on information systems and business research papers, books, case studies and theoretical articles, etc.

By systematically and critically analysing and synthesising the literature review, the researchers identify and propose a total of 40 ERP post‐implementation risks related to diverse operational, analytical, organisation‐wide and technical aspects. A risk ontology is subsequently established to highlight these ERP risks, as well as to present their potential causal relationships.

For researchers, the established ERP risk ontology represents a starting point for further research, and provides early insights into a research field that will become increasingly important as more and more companies progress from implementation to exploitation of ERPs.

For practitioners, the risk ontology is an important tool and checklist to support risk identification, prevention, management and control, as well as to facilitate strategic planning and decision making.

There is a scarcity of studies focusing on ERP post‐implementation in contrast with an over abundance of studies focusing on system implementation and project management aspects. This paper aims to fill this significant research gap by presenting a risk ontology of ERP post‐adoption. It represents a first attempt in producing a comprehensive model in its area. No other such models can be found from the literature review.

This chapter offers a prospective and naturalistic study of the impact of a risk-assessment and risk-management program on mentally abnormal young offenders admitted to a medium secure adolescent psychiatric inpatient unit in the United Kingdom (U.K.) because of violent, dangerous or self-harming behaviour. As a result of the risk assessment, there was a reduction in their violent, dangerous or self-harming behaviour that was significantly associated with a reduction in the number of risk factors. About 80% were discharged directly back into the community.

Community centers play a socio-economic and urban role of combining different communal necessities, that serve inhabitants, at different neighborhoods in cities. Their role emerged in importance as being a hub for improving and customizing quality of life experiences of the public. This research presents a code-based risk assessment tool for evaluating fire safety measures that can be adapted in the context of community centers. It also provides an exemplary case study to demonstrate its application.

The study identified the factors that render community centers as a high-risk type of facilities in fire events. Various fire codes and standards were reviewed to describe the relevant fire safety measures. A code-based fire risk assessment tool was developed and implemented, through a case study. A set of recommendations were developed to improve the fire safety conditions of the case study facility.

Several violations to fire safety were identified in the case study building. The findings led to identifying a set of recommendations to improve its fire safety conditions.

This research introduced a systematic approach to raise awareness about fire incidences and consequences in community centers, and provides facilities managers with a tool, to assess compliance based on international fire code requirements.

In fire events, community centers are considered as high-risk facilities that may lead to significant losses of human lives and damages to assets. It is significant to study the causes of fire, for ensuring effective prevention and safe operations.

The purpose of this paper is to investigate how the brainstorming component of Statement of Auditing Standards (SAS) No. 99 influences decision aid use and reliance, and the effectiveness of fraud risk assessment.

The research framework links the influences of the fraud assessment setting and decision aid reliance. The hypotheses are tested in an experiment with two manipulated factors: setting (group or individual) and decision aid (provided or not provided).

The results of the study provide insight on how the brainstorming impacts fraud risk assessment, decision aid use and decision aid reliance. The results show that groups using a decision aid with fraud risk factors demonstrate superior decision quality and effectiveness even with lower decision aid reliance.

The influence of the setting (group or individual) on the fraud evaluation and detection is highlighted.

This paper will be informative for auditors and firms involved in designing an efficient and effective fraud risk assessment.

This paper integrates the fraud risk assessment and decision aid literature to evaluate decision quality and effectiveness of group fraud risk assessment.

The aim of this paper is to pursue three objectives: to assess the extent to which theoretical concepts and corporate practice are reflecting the contract’s risk management dimensions; to identify ways to make full usage of the contract’s risk dimensions for risk management purposes; to overcome the isolation of the contract caused by its perception as a legal instrument by integrating its handling into the overall corporate management processes.

Literature is analyzed regarding the contract’s roles as a source of risk and as a risk management device. Based on the relevant findings, it uses the Contractual Management Model to develop a concept that integrates all contract-related risk management processes in an enterprise.

The paper redefines the term “contract risk” in the light of modern understanding of contract functions and contract purposes. It shows that only Contractual Risk Management theory takes the management capacity of the contract fully into account. A Contractual Risk Management process is suggested which integrates all contract-related corporate management processes and aligns them to the requirements of transaction risk management and enterprise risk management.

The paper may guide executives to optimize corporate risk management processes through a better understanding of the risk potential of contract and of its risk management capacity. It provides a checklist of redefined contract risks as well as a concept that, for the first time, is aligning all contract-related management processes to support the corporate risk management system.

The purpose of this paper is to build upon the extensive application of risk registries in the construction literature and establish a systematic methodology to develop risk registries. Risk registries channel judgment of experts as a basis for risk analysis and should be tailored for each project to be more effective. Given their prevalence, there is a need for systematic integration of tacit and explicit knowledge to develop practical risk registries.

A combined approach is proposed using the systematic literature review (SLR) technique to integrate explicit knowledge and Delphi technique to integrate tacit knowledge in the development of risk registries. This two-step approach further increases the robustness of the registries by validating them through integrating and contrasting multiple forms of knowledge for a tailored risk registry.

The application of the proposed approach indicates that the use of multiple forms of knowledge can increase the robustness and practicality of risk registries. It also showcased its potential in the development of risk registries for complex projects. Examples include modification of risk factors obtained from the explicit sources of knowledge based on contextual tacit knowledge.

The proposed approach is an imperative step to standardize the development of risk registries. With its inherent validation process through integrating and contrasting tacit and explicit knowledge, practitioners can use this approach to develop practical risk registries for different categories of projects. Integrating different forms of knowledge can increase the impact of registries beyond risk assessment and in contexts such as decision making and performance assessment.

The purpose of this paper is to investigate risks faced by farmer cooperatives in China, using farmer cooperatives in Zhejiang province as a case. Specifically, the authors identify risks inherent in two primary types of farmer cooperatives in China (traditional and modern ones) when the external environment changes, the cooperative size expands and heterogeneity in membership widens.

The authors assume that the “uncertainty of the external environment” and the “deviation of organisational adaptation” constitute the two dynamic factors that generated risks for farmer cooperatives. A survey of 158 farmer cooperatives is obtained in Zhejiang province in 2010, and factor analysis is employed to identify the risks and their critical degrees of traditional and modern cooperatives.

The results indicate that two types of cooperatives in China face drastically different sets of risks. Traditional cooperatives face larger competitive and human resources risks, whereas modern cooperatives face larger decision-making and behavioural risks. Product market risk, macroeconomic policy risk and financial risk are common critical risks faced by both types of cooperatives.

In this paper, risks in China's farmer cooperatives were empirically studied and systematically discussed. The paper offers a typology to identify risks inherent in two primary types of farmer cooperatives in China (traditional and modern ones) according to property rights arrangements and governance structure.

The purpose of this paper is to model the paths of risks associated with building information modeling (BIM) adoption in the Chinese architecture, engineering and construction industry.

A total of 16 risks were identified from the literature review and grouped into nine categories. The data were collected through a questionnaire survey with 95 professionals in China. The partial least square structural equation modeling was used to analyze the data.

The results suggested the risk categorization was confirmed, and that 15 hypothetical risk paths were statistically significant, which formed 13 chains of risk paths. “Inadequate relevant knowledge and expertise” was the primary root risk category of all the 13 chains of risk paths. Additionally, “technological issues,” “poor information sharing and collaboration,” and “liability for data input” had direct effect on the “cost overrun with BIM,” while all the other risks indirectly influence cost via these three risk categories.

Most of the respondents were designers because few clients and contractors have adopted BIM. In addition, the impact and likelihood of risks were accessed by respondents’ judgment based on their experience, which is a common problem of risk management research. As this study focuses on the Chinese architecture, engineering and construction industry, there would be geographical limitation on the findings.

This study provides practitioners with a clear understanding of the risks associated with BIM adoption and enables practitioners to take measures to mitigate the root risks and assure the potential benefits of BIM.

Although there have been studies on the risks associated with BIM adoption, most of them lacked empirical evidence and failed to examine the interactions between risks. This study is different from these prior studies, because it focuses on the interrelationships between risks and identifies the risk paths and root risks using the empirical data. Therefore, this study expands the literature relating to both BIM and risk management. Also, this study enables practitioners to take measures to mitigate the root risks and assure the potential benefits produced by BIM, thereby contributing to the practice.