The critical risk factors that influence production-oriented projects in the United Arab Emirates : a ‘best-worst method’ (BWM) analysis
Khan, Sharfuddin Ahmed and Ojiako, Udechukwu and Marshall, Alasdair and Dalalah, Doraid and Ceylan, Serkan and Ali Shabani, Naser Nader and Al Sharqawi, Salama Imad (2023) The critical risk factors that influence production-oriented projects in the United Arab Emirates : a ‘best-worst method’ (BWM) analysis. Engineering Management Journal, 35 (2). pp. 144-160. ISSN 1042-9247 (https://doi.org/10.1080/10429247.2022.2041963)
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Abstract
The aim of this paper is to categorize and prioritize the critical risk factors that influence production-oriented projects. Utilizing data obtained from the metal production (manufacturing) and fabrication industry in United Arab Emirates, we employ multicriteria decision analysis encompassing the ‘Best-Worst Method’ (BWM) for factor ranking and categorization. The outcome of this exercise being the development of substantial proficiency in risk management that will have a significant impact on the overall success of projects commissioned within the production space. Findings drawn against an integrated ‘Technology–Organization–Environment’ and ‘Four levels of uncertainty’ framework suggests that ‘Automation,’ ‘Cycle time,’ and ‘Feed rate’ (technological factors), ‘Manpower utilization’ and ‘Agility’ (organizational factors), and ‘Occupational health and safety’ (environmental factors), ranked highest in terms of critical risk factors likely to impact upon the outcome of projects. This paper makes a specific contribution to the literature in that our use of an integrated ‘Technology–Organization–Environment’ – ‘Four levels of uncertainty’ framework as a risk intelligence focused typology allows us to focus on proactive as against reactive management of risk. This forms the core element of our theorization of risk knowledge as risk intelligence.
ORCID iDs
Khan, Sharfuddin Ahmed, Ojiako, Udechukwu ORCID: https://orcid.org/0000-0003-0506-2115, Marshall, Alasdair, Dalalah, Doraid, Ceylan, Serkan, Ali Shabani, Naser Nader and Al Sharqawi, Salama Imad;-
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Item type: Article ID code: 87962 Dates: DateEvent3 April 2023Published21 March 2022Published Online10 January 2022AcceptedNotes: Copyright © 2022 Taylor & Francis. This is an Accepted Manuscript of an article published by Taylor & Francis in the Engineering Management Journal on 21 March 2022, available at: http://www.tandfonline.com/10.1080/10429247.2022.2041963. Subjects: Social Sciences > Industries. Land use. Labor > Management. Industrial Management
Social Sciences > Industries. Land use. Labor > Risk ManagementDepartment: Faculty of Engineering > Design, Manufacture and Engineering Management Depositing user: Pure Administrator Date deposited: 29 Jan 2024 14:48 Last modified: 11 Nov 2024 14:12 URI: https://strathprints.strath.ac.uk/id/eprint/87962