Journal ArticleOpen Access
Identifying Political Risk Management Strategies in International Construction Projects
Authors
Author Affiliations
Southeast University, National University of Singapore, Central Queensland University
Published InAdvances in Civil Engineering
Year2018
Citations50
Abstract
International construction projects are plagued with political risk, and international construction enterprises (ICEs) must manage this risk to survive. However, little attention has been devoted to political risk management strategies in international construction projects. To fill this research gap, a total of 27 possible strategies were identified through a comprehensive literature review and validated by a pilot survey with 10 international experts. Appraisals of these 27 strategies by relevant professionals were collected using questionnaires, 155 of which were returned. Exploratory factor analysis was conducted to explore the interrelationships among these 27 strategies. The results show that all of the 27 strategies are important for political risk management in international construction projects. Moreover, these 27 strategies were clustered into six components,…
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Fields & Keywords
Social SciencesBusiness, Management and AccountingStrategy and ManagementPublic-Private Partnership ProjectsPublic Procurement and PolicyConstruction Project Management and PerformanceConstruction engineeringRisk analysis (engineering)Process managementEnvironmental planningForensic engineeringFinanceLaw