Risk Factors Impacting the Project Value Created by Green Buildings in Saudi Arabia
| Autor: | Halim Boussabaine, Husnain Haider, Wael Alattyih |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2020 |
| Předmět: |
construction
020209 energy value creation 02 engineering and technology 010501 environmental sciences 01 natural sciences lcsh:Technology Operational risk lcsh:Chemistry Urban planning 0202 electrical engineering electronic engineering information engineering risk factors General Materials Science Project management Instrumentation lcsh:QH301-705.5 0105 earth and related environmental sciences Fluid Flow and Transfer Processes Descriptive statistics business.industry lcsh:T Process Chemistry and Technology Financial risk Project risk management project risk General Engineering Environmental economics lcsh:QC1-999 Computer Science Applications project management lcsh:Biology (General) lcsh:QD1-999 lcsh:TA1-2040 green building value engineering Value engineering business lcsh:Engineering (General). Civil engineering (General) Value (mathematics) lcsh:Physics |
| Zdroj: | Applied Sciences Volume 10 Issue 21 Applied Sciences, Vol 10, Iss 7388, p 7388 (2020) |
| ISSN: | 2076-3417 |
| DOI: | 10.3390/app10217388 |
| Popis: | Green buildings are playing a pivotal role in sustainable urban development around the world, including Saudi Arabia. Green buildings subject to various sources of risk that influence the potential outcomes of the investments or services added in their design. The present study developed a structured framework to examine various risks that may lead to green buildings&rsquo value destruction in Saudi Arabia. The framework initiates with identification of 66 potential risk factors from reported literature. A questionnaire compiling a list of identified risk factors was hand-delivered to 300 practitioners (managers, engineers, and architects) having knowledge of value engineering in the construction industry, and an overall response rate of 29.7% was achieved. Subsequently, descriptive statistics ranked the risk factors based on scores given by the respondents. The principal component analysis extracted 16 components, based on the likelihood of risk factors impacting the value created by green building design. Finally, the factor analysis grouped the 35 most significant risk factors in 5 clusters&mdash i.e., 8 in functional risk, 13 in financial risk, 3 in operational risk, 3 in environmental risk, and 8 in management risk cluster. The study enhances the understanding of the importance of the risk factors&rsquo impact on value creation. Based on the results, the value management (or engineering) teams and the top-level management can identify, manage, and control the risk factors that have a significant impact on the project value created by green building design. |
| Databáze: | OpenAIRE |
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