Risk Identification in Megaprojects as a Crucial Phase of Risk Management

A Literature Review

The purpose of this study is to perform a literature review of risk management in megaprojects and systematize the risks studied in the literature. A systematic search of the main databases has been performed. The contributions include: (1) a bibliometric analysis of articles; (2) the systematization and classification into nine categories of the risks found in a content analysis of the articles; and (3) the identification of possible areas of interest for research and practice. Risks are comprehensively categorized to assist practitioners during the identification phase, while potential areas for future lines of research are presented for academics.
member content locked

Become a PMI member to gain access

or Join

Advertisement

Advertisement

Related Content

  • Project Management Journal

    Identifying Subjective Perspectives on Managing Underground Risks at Schiphol Airport member content locked

    By Biersteker, Erwin | van Marrewijk, Alfons | Koppenjan, Joop Drawing on Renn’s model and following a Q methodology, we identify four risk management approaches among asset managers and project managers working at the Dutch Schiphol Airport.

  • Project Management Journal

    Collective Mindfulness member content locked

    By Wang, Linzhuo | Müller, Ralf | Zhu, Fangwei | Yang, Xiaotian We investigated the mechanisms of collective mindfulness for megaproject organizational resilience prior to, during, and after recovery from crises.

  • Project Management Journal

    Impact of Risk Attitude on Risk, Opportunity, and Performance Assessment of Construction Projects member content locked

    By Qazi, Abroon | Daghfous, Abdelkader | Khan, M. Sajid This article explores the impact of risk attitude on the assessment of project uncertainty.

  • Project Management Journal

    Team Collective Intelligence in Dynamically Complex Projects member content locked

    By Hansen, Morten Juel | Vaagen, Hajnalka | van Oorschot, Kim The study revealed how the team members demonstrated a collective ability to swiftly handle emergent issues, which again decreased the intensity of time and performance pressure.

  • PM Network

    Mitigating Meltdowns member content open

    By Fister Gale, Sarah When a group of researchers at the Graz University of Technology in Graz, Austria tried to hack their own system in a security simulation, they made an astonishing discovery. The Intel processor…

Advertisement