Analysing Risk Management Measures in Residential Construction Projects

Amal James¹, Funmilayo Ebun Rotimi¹

1. Auckland University of Technology

Published in Proceedings of the International Conference on Smart and Sustainable Built Environment (SASBE 2024), edited by Ali GhaffarianHoseini, Amirhosein GhaffarianHoseini, Farzad Rahimian and Mahesh Babu Purushothaman. Springer Nature, Lecture Notes in Civil Engineering, volume 591, 2025, pages 267 to 278. DOI 10.1007/978-981-96-4051-5_26.

Abstract

Residential construction is significant to economic development. It is important to improve risk management practices to enhance project performance. The construction industry faces unique risks and requires varied mitigation strategies. Understanding these diverse risk approaches is crucial for evaluating their impact on project outcomes. This study aims to identify the risk management measures employed by residential contractors. To achieve this objective, an SLR was employed following the PRISMA guidelines followed by expert interviews. Findings from the study highlight that effective risk management strategies contribute to project success. The research identified that proactive risk mitigation measures, such as risk audits and contingency reserves analysis, significantly help meet project targets and prioritising risk monitoring and control practices positively correlate with project success. The study emphasise that a comprehensive risk management approach improves project outcomes in terms of schedule adherence, cost control, and quality standards. This study's insights hold promise for advancing risk management measures in the residential construction sector for improved project performance and overall industry success.

Keywords

Session

Presented in Track A, Friday 8 November 2024, 11:00 to 13:00, room WA 224 A, Auckland University of Technology. Session chair Dr Ali Rashidi.

How to Cite

James, A., & Rotimi, F. E. (2025). Analysing Risk Management Measures in Residential Construction Projects. In A. GhaffarianHoseini, A. GhaffarianHoseini, F. Rahimian, & M. B. Purushothaman (Eds.), Proceedings of the International Conference on Smart and Sustainable Built Environment (SASBE 2024) (Lecture Notes in Civil Engineering, Vol. 591, pp. 267–278). Springer Nature Singapore. https://doi.org/10.1007/978-981-96-4051-5_26

About the Conference

Presented at SASBE 2024, the International Conference on Smart and Sustainable Built Environment, held in Auckland from 7 to 9 November 2024 and chaired by Professors Ali and Amirhosein GhaffarianHoseini, founders of GDI Academy. The version of record is published by Springer Nature; this page is the conference archive record kept by GDI Academy.