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Essay / Role of Risk Management in Joint Ventures - 703
LITERATURE SURVEY[1] Title- Risk Management in International Construction Joint VenturesAuthors- Li Bing, Robert Lee-Kong Tiong, Wong Wai Fan and David Ah-Seng ChewYear- 1999DescriptionThis paper identifies risk factors associated with international construction joint ventures (JVs) from an “integrated” perspective. Risk factors are grouped into three main groups: (1) Internal; (2) Project specific; and (3) External. It examines the most effective mitigation measures adopted by construction professionals to manage these risks for their construction projects in East Asia. Based on an international survey of entrepreneurs, it was found that the most critical risk factors lie in the financial aspects of joint ventures, government policies, economic conditions and project relationships.[2] Title - An Assessment of Risk Management in Joint Ventures (JVs) in Malaysia Author - Hamimah Adnan Year - June 2008 Description This article identifies the risk factors associated with joint venture projects in the Malaysian construction industry at specific levels. project, internal and external. He adopted a methodology for his research based on the risk factors identified from a literature review and a questionnaire survey of local and foreign construction companies.