The Role of Project Risk Management in The Quality of Decision Making: A Survey Study on Constructions Companies Working in The Syrian Coast


Abstract in English

Project risk management plays a pivotal role in the decision-making process, this research aims mainly to study the impact of the dimensions of project risk management in contraction firms operating in the Syrian coast on the quality of decision-making and to identify the most influential dimension in the interpretation of this quality. The researcher had followed the survey method in his study, and the study population was included all construction companies operating in the Syrian coast. The researcher adopted probability sampling (random sampling), and the study sample size was 75 units. The researcher used a measure of the maturity level of project risk management that developer by (Ciorciari & Blattner, 2007), and another instrument to measure the quality of decision-making designed by (Donelan, 2013). The findings of this study shows that There is significant positive relationship between events identification and the quality of decision-making and events identification variable occupies first place among project risk management dimensions in terms of impact on decision making quality, because this dimension explains a rate equal (9.61%) of decision making quality. The relationship between the dependent variable quality of decision-making and the seven remaining dimensions of risk management projects namely (monitoring of risk management - risks response - objective setting - risk assessment - control activities - risk management culture - information and communication) is a positive and significant relationship, and risk management as a whole explain what percentage of (22.6%) of the quality of decision-making. The most important recommendations reached by the researcher that the contraction firms working in the Syrian coast should to spread the risk management culture at all levels of management to enhances the application processes PRM because it will reflect on a more quality of decisions making.

References used

Abd Karim, S. (2014) The Development Of An Empirical-Based Framework For Project Risk Management. A published thesis submitted in accordance with the conditions governing candidates for the degree of doctor of philosophy, University of Manchester. UK
BS-ISO-31000 (2009). Risk management: Principles and guidelines. London: British Standard Institute
Ceric, A (2003). A Framework For Process-Driven Risk Management In Construction Projects. A published thesis submitted in accordance a Degree of Doctor of Philosophy. Research Institute for the Built & Human Environment School of Construction and Property Management University of Salford, Salford, UK

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