Study on Risk Allocation and Management Performance Measurement of Construction Project

Abstract:

Recently, risk allocation (RA) has become a research focus as a pre-variable for its damaging to the improvement of project management performance (PMP), but the related measured operations were absence. Based on the theory of incomplete contract, firstly, this paper mapped the initial contract,renegotiation and contract efficiency into the whole process of project RA, constructed a three-stage theoretical models including initial risk allocation (IRA) for contracting , project management performance (PMP) and risk reallocation for contract performance, and depicted their measuring dimensions. Secondly, this paper developed RA measure scale based upon questionnaire design and empirical analysis, and the reliability and validity were analyzed. The research guided significance for contractual arrangements for the project RA and exploring relevance to other variables.

• Periodical: Applied Mechanics and Materials (Volumes 638-640)
• Pages: 2346-2350
• DOI: https://doi.org/10.4028/www.scientific.net/AMM.638-640.2346
• Online since: September 2014
• Authors: Yi Lin Yin*, Peng Juan Li
• Keywords: Initial Risk Allocation (IRA), Project Management Performance (PMP), Risk Allocation (RA), Risk Reallocating, Scale

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