The major aim of this research is to demonstrate that causal relationships exist among various risk factors that necessitate identification of risk paths, rather than individual risk factors, during risk assessment of construction projects. International construction projects have more complex risk-emergence patterns because they are affected by global and foreign country conditions and project-related factors. Identification of a network of interactive risk paths, each of which initiated from diverse vulnerabilities of the project system, is considered to be a better reflection of the real conditions of construction projects than the use of generic risk checklists. In this study, using the data from 166 projects carried out by Turkish contractors in international markets and utilizing structural equation modeling (SEM) techniques, 36 interrelated risk paths were identified and the total effects of each vulnerability factor and risk path on cost overrun were assessed. SEM findings demonstrate that every r...

Managing knowledge effectively is critical to the survival and advance of a company, especially in project-based industries such as construction. However, capturing knowledge in construction projects is a tedious task, as knowledge is usually experience based, tacit, and hard to pass on to others. In this study, a survey was carried out among eight leading Turkish construction contractors that are operating within the international construction market. The specific objectives of this survey are to find out how the tacit and explicit knowledge are captured, stored, shared, and used in forthcoming projects, as well as major drivers and barriers for knowledge management. Based on the survey, it was determined that most of these firms do not have a knowledge management strategy and a systematic way of capturing and storing tacit knowledge. A conceptual framework is proposed to formalize the knowledge-capturing process within construction companies. To demonstrate how the conceptual framework can be implemente...

Risk management is about identifying risks, assessing their impacts, and developing mitigation strategies to ensure project success. The difference between the expected and actual project outcomes is usually attributed to risk events and how they are managed throughout the project. Although there are several reference frameworks that explain how risks can be managed in construction projects, a major bottleneck is the lack of a common vocabulary for risk-related concepts. Poor definition of risk and patterns of risk propagation in a project decrease the reliability of risk models that are constructed to simulate project outcomes under different risk occurrence scenarios. This study aims to extend previous studies in risk management by presenting an ontology for relating risk-related concepts to cost overrun. The major idea is that cost overrun depends on causal relations between various risk sources (namely, risk paths) and sources of vulnerability that interfere with these paths. Ontology is used to devel...