This article presents a critical literature review that pools information on risk management of complex construction-infrastructure projects in the UK. The main goal is to assess and compare current risk management frameworks against the dynamic and politically charged, multi-stakeholder complexity typical for UK megaprojects. The specific purpose of the review is to justify the necessity … Read more
This paper has discussed the application of risk management models (Enterprise Risk Management (ERM) and Risk-Adjusted Return on Capital (RAROC) in decision-making in high-risk sectors, such as construction, IT, and finance. A systematic literature review (SLR) and thematic analysis were used to identify key findings across three areas: risk identification, risk response planning, and the … Read more
The chapter provides the findings and discussion of the study with special emphasis on the effect of risk management frameworks on the decision-making in the projects of the private sectors, specifically, the construction, IT and finance sectors. This chapter aims to critically discuss the most important findings of the secondary data based on a systematic … Read more
The literature review is a critical analysis of the current studies on risk management and its impact on decision-making in projects in the private sector, especially in the construction, information and telecommunications, and finance industries. Due to the complexity and uncertainties that these types of projects face, properly managing risks has become a critical component … Read more