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Balancing control and flexibility in joint risk management: Lessons learned from two construction projects
Luleå University of Technology, Department of Civil, Environmental and Natural Resources Engineering, Structural and Construction Engineering.ORCID iD: 0000-0001-8607-1464
Luleå University of Technology, Department of Business Administration, Technology and Social Sciences, Innovation and Design.ORCID iD: 0000-0002-1746-2637
2013 (English)In: International Journal of Project Management, ISSN 0263-7863, E-ISSN 1873-4634, Vol. 31, no 3, p. 391-399Article in journal (Refereed) Published
Abstract [en]

Joint risk management (JRM) is an approach that highlights the importance of collaboration between the project actors in managing risk that cannot be identified at the outset of the project. Despite the recognition of the concept in the literature, the use of JRM in practice seems to be rare. Based on contingency theory, we investigate how mechanistic (control-oriented) and organic (flexibility-oriented) management systems influence the implementation of JRM in two construction projects. In the first project, the actors managed to achieve a balance between control and flexibility, which paved the way for successful JRM. The extensive use of control in the second project hampered flexibility and constrained the use of JRM. We conclude that JRM requires both control for managing risk that has been identified and flexibility for dealing with unforeseen events. When a mechanistic approach is dominant, risk management remains a formal process carried out individually rather than collaboratively.

Place, publisher, year, edition, pages
2013. Vol. 31, no 3, p. 391-399
National Category
Construction Management Other Engineering and Technologies not elsewhere specified
Research subject
Construction Engineering and Management; Entrepreneurship and Innovation
Identifiers
URN: urn:nbn:se:ltu:diva-11688DOI: 10.1016/j.ijproman.2012.09.007ISI: 000316435900007Scopus ID: 2-s2.0-84874312798Local ID: ab3c3b6f-205e-4f58-bc96-5337528c5b9bOAI: oai:DiVA.org:ltu-11688DiVA, id: diva2:984638
Projects
Systematisk gemensam riskhantering i byggprojekt
Note
Validerad; 2013; 20121017 (andbra)Available from: 2016-09-29 Created: 2016-09-29 Last updated: 2018-07-10Bibliographically approved

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Osipova, EkaterinaEriksson, Per-Erik

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