SEM-Based Risk Management for Housing EPC Projects: A Case Study
Publication: ICCREM 2023
ABSTRACT
This study investigates the increasing risks faced by engineering procurement construction (EPC) projects due to their expanding scale and growing technical complexity. With a focus on the general contractor’s viewpoint, a comprehensive literature review is conducted to enhance risk management in EPC contracts. Utilizing the risk chain theory as a foundation, the Delphi method is employed to identify potential risks. Building upon this analysis, a risk chain model specifically tailored for housing EPC projects is developed using structural equation modeling (SEM). Through this approach, 10 critical risk chains for general contractors are identified and summarized, offering practical guidance for effectively mitigating risks.
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Information & Authors
Information
Published In
ICCREM 2023
Pages: 923 - 937
History
Published online: Nov 30, 2023
ASCE Technical Topics:
- Business management
- Case studies
- Construction engineering
- Construction industry
- Construction management
- Contracts and subcontracts
- Disaster risk management
- Engineering fundamentals
- Housing
- Infrastructure
- Methodology (by type)
- Models (by type)
- Practice and Profession
- Project management
- Research methods (by type)
- Residential construction
- Risk management
- Structural models
- Urban and regional development
Authors
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