Integrated management of on-site, coordination and off-site uncertainty: Theorizing risk analysis within a hybrid project setting

摘要

Hybrid infrastructure projects are defined as triads of on-site/coordination/off-site project dimensions. Interaction of uncertainties in such settings result in deviations from project objectives by causing time and cost overruns, safety issues, quality deficiencies, technical problems, and lack of client satisfaction. To address these, a holistic approach in identifying and analyzing risks in hybrid (multi-dimensional) projects is proposed. Towards this aim, three research hypotheses are developed and tested using data from seven projects in Melbourne, Perth and Adelaide, Australia. Practical implications of triadic risk analysis in hybrid infrastructure projects suggest executives and managers to put more emphasis on risks associated with coordination of on-site and off-site project dimensions. This approach significantly decreases the chance of deviations from project objectives. (C) 2017 Elsevier Ltd. APM and IPMA. All rights reserved.