Enhancing Construction Project Outcomes Through Risk Management: A Comprehensive Study of Practices, Challenges, and Impacts

Abstract

Construction risks create uncertainties that endanger costs, schedules, and product quality; thus, risk management becomes essential for delivering projects safely. Risk management processes have spread widely, but such practices are untouched in the UAE and Middle Eastern countries. The research studies how identification, together with evaluation and response and monitoring functions of risk management, affects construction project results. Through registered construction firm surveys combined with interviews of industry professionals, the research gathers quantitative and qualitative findings. The research establishes a robust positive relationship between extensive risk management practices and best performance outcomes in project cost and time schedules as well as quality standards. The identification of two main obstacles exists in the lack of clear theoretical backing for emergent project management strategies as well as insufficient project management certification. The research calls for framework development along with tool institutionalization to train personnel effectively for better risk management practices. The findings present specific advice for project managers and public authorities to enhance delivery quality in unsteady and shifting conditions.