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A dynamic framework for managing the complexities of risks in megaprojects
ISSN: 2026 - 6480
Publisher: author
A dynamic framework for managing the complexities of risks in megaprojects
Indexed in
Arts and Architecture
ARTICLE-FACTOR
1.3
Article Basics Score: 3
Article Transparency Score: 3
Article Operation Score: 2
Article Articles Score: 2
Article Accessibility Score: 3
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International Category Code (ICC):
ICC-0302
Publisher: Koforidua Technical University
International Journal Address (IAA):
IAA.ZONE/2026394186480
eISSN
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2026 - 6480
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ISSN Validator
Abstract
The future of mega infrastructure projects is certain - there will be more risks to manage! The challenge is being met through research and innovation combining current approaches with new. This research adopted a dynamic approach through the combination of Analytical Network Process (ANP) and system dynamics (SD) as an innovative methodology known as SDANP to model complexity in megaprojects design and construction. We communicate how the SDANP model could explore problems caused by Social, Technical, Economic, Environmental and Political (STEEP) risks to construction cost, time and performance and provide insights that lead to organizational learning. We proceed to exemplify by means of a real-life case project in the City of Edinburgh and offer suggestions on what front-ended stakeholders could do to improve the management of risks in megaprojects. The results of the application showed that, when compared to traditional risks asses...
