{"title":"Uncertainty network modeling method for construction risk management","authors":"Roope Nyqvist, Antti Peltokorpi, Olli Seppänen","doi":"10.1080/01446193.2023.2266760","DOIUrl":null,"url":null,"abstract":"In recent decades, uncertainty management has increasingly elicited attention in construction management research due to increasing project complexity. However, existing management methods have not been able to solve the issues around risk and uncertainty, and regardless of the proposed network-based risk modeling approaches, there are insufficiencies in contemporary methods, such as their practical applicability. This study examined the current state and issues of uncertainty and risk management and proposed a novel uncertainty network model (UNM) as a solution. The uncertainty network model was designed and validated using design science methodology (DSM), drawing on literature and empirical data from interviews, questionnaires, case observations, and case testing. The UNM visually presents project risks, uncertainties, and their interconnections and criticality transforming project stakeholders’ tacit knowledge into an explicit, systematic representation of a project’s uncertainty and risk architecture. Applied to a real-world construction project, the model received positive feedback, demonstrating its effectiveness in enhancing practitioners’ understanding of networked risks and the potential to guide cost-effective risk-control activities by applying a systemic lens to project management. This practical validation showcases the model’s potential in addressing the shortcomings of existing methods and improving construction project risk management.","PeriodicalId":51389,"journal":{"name":"Construction Management and Economics","volume":"248 1","pages":"0"},"PeriodicalIF":3.0000,"publicationDate":"2023-10-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Construction Management and Economics","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1080/01446193.2023.2266760","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"BUSINESS","Score":null,"Total":0}
引用次数: 0
Abstract
In recent decades, uncertainty management has increasingly elicited attention in construction management research due to increasing project complexity. However, existing management methods have not been able to solve the issues around risk and uncertainty, and regardless of the proposed network-based risk modeling approaches, there are insufficiencies in contemporary methods, such as their practical applicability. This study examined the current state and issues of uncertainty and risk management and proposed a novel uncertainty network model (UNM) as a solution. The uncertainty network model was designed and validated using design science methodology (DSM), drawing on literature and empirical data from interviews, questionnaires, case observations, and case testing. The UNM visually presents project risks, uncertainties, and their interconnections and criticality transforming project stakeholders’ tacit knowledge into an explicit, systematic representation of a project’s uncertainty and risk architecture. Applied to a real-world construction project, the model received positive feedback, demonstrating its effectiveness in enhancing practitioners’ understanding of networked risks and the potential to guide cost-effective risk-control activities by applying a systemic lens to project management. This practical validation showcases the model’s potential in addressing the shortcomings of existing methods and improving construction project risk management.
期刊介绍:
Construction Management and Economics publishes high-quality original research concerning the management and economics of activity in the construction industry. Our concern is the production of the built environment. We seek to extend the concept of construction beyond on-site production to include a wide range of value-adding activities and involving coalitions of multiple actors, including clients and users, that evolve over time. We embrace the entire range of construction services provided by the architecture/engineering/construction sector, including design, procurement and through-life management. We welcome papers that demonstrate how the range of diverse academic and professional disciplines enable robust and novel theoretical, methodological and/or empirical insights into the world of construction. Ultimately, our aim is to inform and advance academic debates in the various disciplines that converge on the construction sector as a topic of research. While we expect papers to have strong theoretical positioning, we also seek contributions that offer critical, reflexive accounts on practice. Construction Management & Economics now publishes the following article types: -Research Papers -Notes - offering a comment on a previously published paper or report a new idea, empirical finding or approach. -Book Reviews -Letters - terse, scholarly comments on any aspect of interest to our readership. Commentaries -Obituaries - welcome in relation to significant figures in our field.