Development of Project Risk Management Strategy at Enterprise LevelJournal: International Journal of Mechanical and Production Engineering Research and Development (IJMPERD ) (Vol.10, No. 3)
Publication Date: 2020-06-30
Authors : Sami Hussain;
Page : 11207-11216
Keywords : Construction Firms; Enterprise Risk Management; Project Risk Management; Project Planning and Design;
Managing the risk termed as significant factor associated with operation of construction programs. Much earlier building project risk management studies (PRM) concentrated on the stage of the project rather than the stage of the client. The goal of this analysis was examiningmethod of managing risk at the enterprise(ERM)level. The methodology undertaking a case studyis followed whereby 2multinational companies were studied with specific risk control strategies and results. Information throughlive interviews and archival records is obtained. Findings show that ERM will boost PRM's efficiency and output by managing enterprise-level project harm, that was focused over 4 main aspects: risk managingt process, risk management team, organizational culture andexternal operation. The report would be beneficial to both executive management and researchers because it strengthens the awareness of how ERM can affect PRM and encourage more analysis.
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