Risk management implementation in small and medium enterprises in the UK construction industry

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Original languageEnglish
Pages (from-to)91-107
Number of pages17
JournalEngineering, Construction and Architectural Management
Volume22
Issue number1
DOIs
StatePublished - 2015

Abstract

The competition and challenges facing construction firms during the recent recession have brought risk management (RM) to the fore in people’s minds. Examination of the difficulties of implementing RM in small and medium enterprises (SMEs) in the UK construction industry has been relatively untouched. The paper aims to discuss these issues. As part of on-going research to facilitate RM processing aimed at improving the competitiveness of SMEs, the difficulties in RM implementation were identified through a literature review of RM implementation in SMEs. Postal questionnaire were sent to SMEs who have experience of construction management.

Keywords

  • construction industry, UK, risk management, implementation, small and medium enterprises, risk management tools

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