Reducing hindrances to enterprise risk management implementation in construction firms
MetadataShow full item record
Although enterprise risk management (ERM) has been advocated in the construction industry, its implementation is still plagued with hindrances. The objectives are to identify the critical hindrances to ERM implementation in Chinese construction firms (CCFs) and investigate the interrelationships among these critical hindrances. To achieve the objectives, 36 hindrances were identified through a literature review and a questionnaire survey was performed with 119 respondents. The results indicated that 20 hindrances were deemed critical, among which insufficient resources (e.g., time, money, and people) was ranked top. Additionally, the critical hindrances were categorized into lack of relevant resources and procedures (LRRP), lack of senior-level support and leadership (LSSL), and lack of high-quality data (LHQD). LSSL contributed to LRRP, whereas LRRP resulted in LHQD. The managerial implications drawn from these results can help the management take measures to overcome them. Although this study is focused on CCFs, other firms may use the identified hindrances and follow the method to prepare their customized list of hindrances.
Showing items related by title, author, creator and subject.
Investigating the effectiveness of a professional development initiative for lower secondary teachers in IndonesiaSoebari, Titien Soewastiningsih (2012)The overarching aim of this study was to evaluate the effectiveness of a teacher professional development initiative, designed to help lower secondary teachers to improve their teaching practice. To evaluate the effectiveness ...
Raiteri, Paolo; Gale, Julian (2010)Calcium carbonate is a ubiquitous mineral that represents one of the most significant biominerals,a major contributor to carbon sequestration through geological deposits, and a technological hindrance as a result of scale ...
Lancaster, S.; Di Milia, L.; Cameron, Roslyn (2013)Purpose: The purpose of this paper is to describe the supervisor behaviours that employees found to be helpful and unhelpful in facilitating training transfer. The study aims to provide rich qualitative data from the ...