University of Twente Student Theses
Challenges in risk management strategies in public infrastructure projects
Vorgers, D. (2020) Challenges in risk management strategies in public infrastructure projects.
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| Abstract: | Public infrastructure projects today operate in a rapidly changing environment where uncertainty is high and where risks that threaten project objectives can emerge quickly. Frequently scholars doubt whether the current approach of risk management, as it is embedded in public infrastructure projects, is dynamic enough to safeguard the project objectives as a result of which this interpretation of risk management comes under pressure. A significant element in this discussion is the risk management strategy selection of the project management team to cope with the risks in the project. In this study, we aim to gain insight into the risk management strategies that project management teams select in public infrastructure projects, and what factors influence this strategy selection. To this end, we have conducted an in-depth case study of a project-based organization that conducts public infrastructure projects: Rijkswaterstaat − the executive agency for the Ministry of Infrastructure and Water Management in the Netherlands. A document review and a set of semi-structured interviews with project management team members and their executives at the parent organization shows that selecting the most appropriate risk management strategy is in practice more challenging than theory suggests. We illustrate that the current risk management approach sometimes falters due to this inability to select the most appropriate risk management strategy and introduce challenges that project-based organizations should address to enhance their risk management practices. |
| Item Type: | Essay (Master) |
| Faculty: | ET: Engineering Technology |
| Programme: | Civil Engineering and Management MSc (60026) |
| Link to this item: | https://purl.utwente.nl/essays/83914 |
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