Transformations  in
Business & Economics

ASSESSMENT OF RISK FACTORS AND PROJECT SUCCESS IN CONSTRUCTION INDUSTRY
Muhammad Imran, A.K. Mahbubul Hye, Mariusz Urbanski, Zdzislawa Dacko-Pikiewicz,

ABSTRACT: The purpose of this study is to investigate the effect of risk factors on project success of construction companies in Bangladesh. The paper also demonstrates the project success, risk factors such as management risk, financial risk, technical risk, and environmental risk. 65 responses have been used for data analysis. The data is evaluated through partial least square structural equation modeling (PLS-SEM) to draw the results. This study revealed the significant influence management risk and financial risk on project success. Further, management risk found significant influence on financial risk, beside financial risk has positive significant effect on technical task. On the other hand, the study found an insignificant relationship between technical risk, environmental risk, and project success. The implications and limitations of the study are also discussed.

KEYWORDS:  project success, risk assessment, construction industry, Bangladesh, SmartPLS.

JEL classification:  H43, G32, N6