Analysis of Barrier and Driver Factors to Risk Monitoring and Control Implementation in
Construction Projects
Jurnal Indonesia Sosial Teknologi, Vol. 5, No. 5, Mei 2024 2131
The construction industry has implemented project risk management for over seven
decades (Senesi et al., 2015). Monitoring and controlling risks is an integral part of the
risk management process. There appeared to be a strong, positive, and significant
correlation between project success and the application of project risk monitoring and
control practices (Obondi, 2022). Nevertheless, implementing risk monitoring and control
strategies could be more effective. A recent report from the Centre for Excellence in ERM
at St. John's University highlighted that organisations rank risk monitoring among the top
five areas needing improvement. Furthermore, findings from the 2019 State of Risk
Oversight report by NC State indicate dissatisfaction with implementing risk monitoring
and control (Strategic Decision Solutions, 2019). The challenge of insufficient project
risk monitoring and control arises from a deficit in risk management capabilities and
knowledge, a failure to promptly respond, monitor, and control identified risks, and a
tendency for project managers to inadequately consider risks (Obondi, 2022).
Moreover, most research focuses solely on risk identification, assessment, and
analysis, neglecting other crucial aspects of risk management, including risk monitoring
and control (Cakmak & Tezel, 2019). The barrier and driver variables for implementing
risk monitoring and control were obtained from a small amount of literature. The barrier
variables include : lack of intermediate management support (Cakmak & Tezel, 2019)
lack of disaster planning and recovery (Edwards, Serra, & Edwards, 2020); perception
that risk monitoring increases costs and administration; lack of understanding of
perceived value or benefits (Zhao, Hwang, & Low, 2015); insufficient resources
(Chileshe & Kikwasi, 2013; Zhao et al., 2015); lack of knowledge (Hwang, Zhao, & Toh,
2014; Shibani et al., 2022); lack of expertise (Chileshe & Kikwasi, 2013); lack of
education and training (Tummala, Leung, Mok, Burchett, & Leung, 1997; Zhao et al.,
2015); lack of risk-based meetings (Obondi, 2022); lack of risk information (Chileshe &
Kikwasi, 2013); ineffective risk reporting (Tang, Qiang, Duffield, Young, & Lu, 2007);
ineffective coordination (Chileshe & Kikwasi, 2013); difficulty in interpreting the
standards used (Tummala et al., 1997); difficulty in determining appropriate risk control
tools and techniques (El-Sayegh, 2015); no incentives (Shibani et al., 2022); the
irregularity in monitoring (Edwards et al., 2020); and lack of risk audits (Obondi, 2022).
While, the driver variables to risk monitoring and control include commitment and
support from top management; leadership style (Chileshe & Kikwasi, 2014); risk
monitoring and control procedures (Edwards et al., 2020); organizational culture (Na
Ranong & Phuenngam, 2009; Zhao, Hwang, & Low, 2013); integration of risk control
and project control (PMI, 2009); monitoring schedule (Cretu, Stewart, & Berends, 2011);
organizational structure and size (Kwaik, Sweis, Allan, & Sweis, 2023); effective
resource allocation (Zhao et al., 2015); communication behavior (Zhao et al., 2015);
contingency fund (Obondi, 2022); the existence of risk management plan (PMI, 2017);
the existence of a project risk document (Larson & Gray, 2011; PMI, 2017); teamwork
(Chileshe & Kikwasi, 2014); technology and information infrastructure support (Kwaik
et al., 2023; Zhao et al., 2015); standards and guidelines (ISO31000, 2018; PMI, 2017);
better decision making (Zhao et al., 2015); risk reassessment (Obondi, 2022); effective