Managing Cost-Based Risks in Construction Supply Chains: A Stakeholder-Based Dynamic Social Network Perspective
Joint Authors
Wang, Ge
Tang, Handong
Miao, Yanyan
Zhang, Peng
Source
Issue
Vol. 2020, Issue 2020 (31 Dec. 2020), pp.1-13, 13 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2020-10-22
Country of Publication
Egypt
No. of Pages
13
Main Subjects
Abstract EN
In construction projects, cost-related risks are challenges that need to be coped with.
These cost-related risks interact with each other along with the project progress and involve different stakeholders, forming a stakeholder-cost risk network.
Previous studies have discussed the stakeholder-cost risk network; however, few studies have considered its dynamic characteristics.
Different from traditional methods, this study employed the social network analysis (SNA) to explore the key indicators of cost-related risks within the supply chain and identify the key risks and stakeholders across four project stages: the planning start-up stage, design preparation stage, construction period, and operations and maintenance period.
From a horizontal point of view (i.e., network development process), the complexity of the stakeholder-cost risk network demonstrates a U-shaped development process during the project life cycle, ranging from simple to complex to simple.
From a vertical point of view (i.e., network hierarchical characteristics), the important cost-based risks are diversified within each stage.
The current study contributes to forming a better understanding of the stakeholder-cost risk network from a dynamic perspective as well as the crucial cost-based risks within each stage of the project.
The findings provide implications for managers to better align cost-based risk intervention strategies, thereby facilitating the achievement of construction project success.
American Psychological Association (APA)
Tang, Handong& Wang, Ge& Miao, Yanyan& Zhang, Peng. 2020. Managing Cost-Based Risks in Construction Supply Chains: A Stakeholder-Based Dynamic Social Network Perspective. Complexity،Vol. 2020, no. 2020, pp.1-13.
https://search.emarefa.net/detail/BIM-1144427
Modern Language Association (MLA)
Tang, Handong…[et al.]. Managing Cost-Based Risks in Construction Supply Chains: A Stakeholder-Based Dynamic Social Network Perspective. Complexity No. 2020 (2020), pp.1-13.
https://search.emarefa.net/detail/BIM-1144427
American Medical Association (AMA)
Tang, Handong& Wang, Ge& Miao, Yanyan& Zhang, Peng. Managing Cost-Based Risks in Construction Supply Chains: A Stakeholder-Based Dynamic Social Network Perspective. Complexity. 2020. Vol. 2020, no. 2020, pp.1-13.
https://search.emarefa.net/detail/BIM-1144427
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1144427