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Implementing enterprise risk management in a chinese construction firm based in singapore

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dc.contributor.author Xianbo, Z
dc.contributor.author Bon-Gang, H
dc.contributor.author Pheng, LS
dc.contributor.editor Senaratne, S
dc.contributor.editor Sandanayake, YG
dc.date.accessioned 2022-02-18T04:34:29Z
dc.date.available 2022-02-18T04:34:29Z
dc.date.issued 2012-06
dc.identifier.uri http://dl.lib.uom.lk/handle/123/17016
dc.description.abstract Despite the booming domestic construction market, an increasing number of Chinese Construction Firms (CCFs) have ventured overseas for market expansion, and thus are simultaneously exposed to higher business risks. Hence, they require not only project risk management (PRM) but also a more holistic and integrated approach to managing risks on an enterprise basis, which is known as enterprise risk management (ERM). The objective of this study is to examine ERM implementation in CCFs based in Singapore. As part of a larger research project, this current study adopts a case study approach in the first instance to understand the ERM implementation of a relatively large CCF based in Singapore. The information is collected through in-depth interviews with the senior management of the firm and document review. The empirical findings suggest that the firm has initiated an ERM program and established clear ERM ownership, a regular risk communication mechanism, and a riskaware culture. However, the firm does not have a risk management information system, which may create inefficiency and hinder the involvement of staff at a lower level of the firm. The findings of this study provide valuable information about current ERM implementation status for practitioners and researchers. en_US
dc.description.sponsorship Ceylon Institute of Builders (CIOB) International Council for Research and Innovation in Building and Construction (CIB) en_US
dc.language.iso en en_US
dc.relation.uri https://ciobwcs.com/downloads/WCS2012-Proceedings.pdf en_US
dc.subject Risk Management en_US
dc.subject International Construction en_US
dc.subject Construction Firms en_US
dc.subject Singapore en_US
dc.title Implementing enterprise risk management in a chinese construction firm based in singapore en_US
dc.type Conference-Full-text en_US
dc.identifier.faculty Architecture en_US
dc.identifier.department Department of Building Economics en_US
dc.identifier.year 2012 en_US
dc.identifier.conference 1st World Construction Symposium 2012 en_US
dc.identifier.place Colombo en_US
dc.identifier.pgnos pp. 343-444 en_US
dc.identifier.proceeding Global challenges in construction industry en_US
dc.identifier.email zhaoxb1984@gmail.com en_US


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