Xu Zhang, Mark Goh, Sijun Bai and Zonghan Wang
Risk response decisions (RRDs) are vital for project risk mitigation. Although past research has focused on RRDs for independent single projects, it has scarcely explored how to…
Abstract
Purpose
Risk response decisions (RRDs) are vital for project risk mitigation. Although past research has focused on RRDs for independent single projects, it has scarcely explored how to make RRDs for single projects in project portfolios (SPPPs). Consequently, this study aims to bridge the gap in extant literature by developing an integrated approach to select risk response strategies (RRSs) for SPPPs considering objective adjustments and project interdependencies (PIs).
Design/methodology/approach
An integrated quality function deployment (QFD) method was used throughout this study. More so, a balanced score card (BSC) and stratified-Z-numbers-full consistency method (SZFUCOM) was applied to identify SPPP success criteria (SP3SC) to determine their weights. In addition, a spherical fuzzy set-design structure matrix (SFDSM) was used to quantify the correlation between the risks and the relationship between the risks and the predecessor projects. Consequently, the relationships between the risks and SP3SC and RRSs were described by the spherical fuzzy set (SFS) and Z-numbers, respectively. Besides, the results are weaved into QFD to transform SP3SC into risks and then into RRSs, while a linear optimization model is used to obtain the optimal RRSs. Lastly, a construction project portfolio (PP) was used to test the veracity of the results to prove their validity.
Findings
The approach to RRDs for single projects is observed to be different from that of SPPPs. In addition, this study finds that project portfolio objective adjustments (PPOAs) and PIs have significant impacts on RRDs given that they influence the risk priorities of independent single projects and SPPPs. Moreover, the application of an integrated QFD effectively synthesized the results from the findings of this study, as well as enabled companies to determine robust RRSs. Finally, the consistency results of the SZFUCOM were better than those of the triangular fuzzy number-full consistency method.
Originality/value
The study innovatively explores the method of RRDs for SPPP, which has been ignored by past research. SP3SC highly compatible with PP success is determined. Z-numbers are first used to evaluate the effect of RRSs to enhance the robustness of RRDs. The study proposes a method of RRDs comprehensively considering PPOAs and PIs, which provides robust methodological guidance for SPPP managers to control risks.
Details
Keywords
Augustine Senanu Komla Kukah, Xiaohua Jin, Robert Osei-Kyei and Srinath Perera
While operational carbon (OC) emission reduction strategies have received substantial attention in past literature, very few studies have focused on embodied carbon (EC) emission…
Abstract
Purpose
While operational carbon (OC) emission reduction strategies have received substantial attention in past literature, very few studies have focused on embodied carbon (EC) emission reduction in the construction industry. Therefore, this study aims at undertaking a scientometric review of strategies to mitigate EC emissions in the construction industry.
Design/methodology/approach
Scopus search engine was used to search for articles. VOSViewer software was used for scientometric analysis using science mapping approach. Using a total of 151 documents, keywords, authors, papers and their sources were analysed. Furthermore, scientometric analysis was undertaken comprising co-occurrence of keywords, documents source analysis and author co-citation analysis.
Findings
The significant strategies identified to mitigate EC emissions were: offsite manufacturing/use of prefabricated elements, decarbonisation of energy grid, enhanced policies and regulations by governments, construction sector policies and regulations, guidelines for increased use of low EC materials and reuse and recovery of EC construction materials.
Practical implications
This study identifies practical strategies that contribute to reduction of EC emissions.
Originality/value
This study is significant and contributes to the construction industry’s agenda to mitigate greenhouse gas emissions.