Risk Management Perceptions in the Construction Industry of Japan and Canada

Risk can affect quality, productivity, and performance of construction projects. Therefore, risk management is an important part of the decision-making processes in the construction industry. In a typical construction project, many try to transfer risks to other parties, and extensive amount of time is spent on setting the risk allocation terms. This research examines how various stakeholders in the construction industry perceive risk, what factors affect their preferences towards risk allocation schemes, and how these perceptions and preferences translate into institutional policies and practices. It is interesting to conduct this study in Japan and Canada, and compare the results. Japanese construction industry is known for its leadership and innovation; the Canadian construction industry uses tools and principles such as Lean, which are originally from Japan. Both countries have strong construction markets, and are experiencing similar trends in risk management. TO BE CONT’D

Faculty Supervisor:

Hadi Dowlatabadi

Student:

Partner:

The University of Tokyo

Discipline:

Sociology

Sector:

Education

University:

The University of British Columbia

Program: