Terminology risk management in construction industry repository thesis
Bosch-Rekveldt, M. Civil Engineering Construction Management and Engineering. Despite 20 years of research into opportunity management, construction organizations are struggling to capture opportunities in practice. The goal of this research was to improve the management of opportunities in a construction organization. Four sub-research questions were used to 1 create an overview of opportunity management theory, 2 create an overview of opportunity management practice in a construction organization, 3 identify gaps by comparative analysis of opportunity management theory and practice, and 4 suggest the steps that need to be taken to improve opportunity management practice.
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The construction industry is one of the most dynamic, risky, and challenging businesses. Therefore, risk management should be applied as an integral part of project management for managing these risks — in particular in developing countries. Contingency theory was selected as the theoretical framework of this thesis.