Confirmation of Candidature - An Integrated Model for Analysing Stakeholder - Associated Risks in Road Infrastructure Projects in Australia

Risk management leads to a wide range of organisation and project benefits. If risks in any project are not appropriately identified and the hidden interrelationships among risks go unnoticed using traditional practices, decision-makers cannot manage, control and transfer those risks effectively. This study will develop a model that captures the interactions among risk factors when delivering complex road construction projects. A literature review in this study will identify the risks in road construction projects, and the combination of Social Network Analysis (SNA) and the Fuzzy-MICMAC method will help differentiate between the dependent and independent risks. It will also help to identify and visualise highly impacted, closely connected, and interrelated network risks and their intricate relationships, thereby determining the criticality of the risks throughout the delivery phase of road construction projects. It will also help stakeholders manage the project risks more efficiently and effectively. This study will also help identify directly and indirectly linked risks in complex road construction projects and help understand the hidden relationships between risks that may not be considered critical but could lie in the path of criticality.

The SNA and F-MICMAC approach contains a classification system that can be utilised to identify critical risks based on the depth of their interrelationships. It would help decision-makers develop an effective plan to mitigate the risks and their unexpected consequences based on the criticality of each risk. This study will help the Australian road construction industry stakeholders with proper documentation of complex construction-related risks. It will also help to anticipate unnoticed and neglected interrelationships among various risks, and project managers and other experts involved in complex road construction projects will have better communication and handling of risks. The stakeholders of the road construction projects will also be able to develop better risk mitigation strategies that will include all the interrelationships between risks and their propagation paths.

For more information, please email the Graduate Research School or phone 0746 311088.