A Comprehensive Study of Project Risks in Road Transportation Networks under CPEC
Abstract
:1. Introduction
2. Literature Review
3. The Framework of the Present Study
3.1. Delphi Approach
3.2. Survey Development Strategy
3.3. Study Population
3.4. Data Examination
4. Result and Discussion
4.1. Delphi Round-One Approach
4.1.1. First-Round Investigation of Delphi Studies
4.1.2. Macro Risk
4.1.3. Meso Risk
4.1.4. Minor Risk
4.2. Delphi Round-Two Approach
4.2.1. Macro Risk
4.2.2. Meso Risk
4.2.3. Minor Risk
5. Comparative Analysis Cycle One and Cycle Two
6. Recommendations
- (1)
- The successful implementation of the road transportation network project and foresightedness concerning security side by adding additional security forces for CPEC project on each route;
- (2)
- Proper planning is needed to assist communication between stakeholders and CPEC officials. The conflict of interest between stakeholders and CPEC officials is a bad sign for road transportation network project.
- (3)
- Provide small contracts/tender to individuals near road network to achieve motivation and prosperity. Consequently, disseminated chances among the concerned area would be reduced.
- (4)
- Prevent the destruction of historical and holy sites. If decimating is necessary, then sacred sites should be shifted to new locations in the nearest neighborhood;
- (5)
- In the commercial hub area, the government should provide the necessary facilities and security for labor and business personnel;
- (6)
- Politician’s illicit demand is unsafe for the CPEC road plan. Therefore, proper decision-making is necessary to prevent illicit demand during construction;
- (7)
- Job opportunities should be given to people in affected areas to add to the stability of the project.
7. Conclusions
Author Contributions
Funding
Conflicts of Interest
References
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No. | Risk Level | Description | Impacts on Project | |
---|---|---|---|---|
1 | Minor risk | Has no consequences on project performance. | 1–25 | Favorable |
2 | Meso risk | May have incited a pinch impact of project execution but not severely. | 26–50 | Medium level |
3 | Marco risk | High impact on project performance. (Mandate level) | 51–100 | Unfavorable |
No. | Detail of Survey | Response Rate |
---|---|---|
1 | Total of 36 Expert | 86% |
2 | Round one | 88% |
3 | Round two | 83% |
Group | 1st Index | 2nd Index | Mean | Median | S.D | Low | Mid | High |
---|---|---|---|---|---|---|---|---|
Macro Risk | Stakeholder Risks | Attitude of Stakeholder and Clashes | 2.4 | 3.0 | 0.73 | 13.3 | 33.3 | 53.3 |
Turn Over Stakeholder | 2.46 | 3.0 | 0.82 | 20 | 20 | 60 | ||
Political Risks | Politician Interest | 2.26 | 3.0 | 0.88 | 26.7 | 20 | 53.3 | |
Government Behavior | 2.00 | 2.0 | 0.79 | 26.7 | 40 | 33.3 | ||
Safety Risk | Terrorism Risk | 2.33 | 3.0 | 0.89 | 26.6 | 13.3 | 60.0 | |
Security Risk | 2.33 | 3.0 | 0.81 | 20 | 26.7 | 53.3 | ||
Technical Risk | Training Inadequate | 1.73 | 2.0 | 0.79 | 46.7 | 33.3 | 20.3 | |
Product Maintenance | 2.13 | 2.0 | 0.74 | 20 | 46.7 | 33.3 | ||
Information Security | 1.73 | 2.0 | 0.70 | 40 | 46.7 | 13.3 |
Group | 1st Index | 2nd Index | Mean | Median | S.D | Low | Mid | High |
---|---|---|---|---|---|---|---|---|
Meso Risk | Cost Risk | Estimates Inaccurate | 2.13 | 2.0 | 0.83 | 26.7 | 33.3 | 40 |
Exchange Inconsistency | 2.26 | 2.0 | 0.79 | 20 | 33.3 | 46.7 | ||
Communication Risk | Team Communication | 1.93 | 2.0 | 0.79 | 33.3 | 40 | 26.7 | |
Overhead Communicate | 2.00 | 2.0 | 0.84 | 33.3 | 33.3 | 33.3 | ||
internal Communication | 2.00 | 2.0 | 0.79 | 26.7 | 40 | 33.3 | ||
Environment Risk | Weather Condition | 1.93 | 2.0 | 0.88 | 40 | 26 | 33.3 | |
Land Condition | 2.06 | 2.0 | 0.79 | 26.7 | 40 | 33.3 | ||
Pollution Affects | 1.80 | 2.0 | 0.77 | 40 | 40 | 20 | ||
Economic stresses | Pay Injury Land Acquisition | 2.40 | 3.0 | 0.73 | 13.3 | 33.3 | 53.3 | |
Poverty & Jobless Situation | 2.53 | 3.0 | 0.63 | 6.7 | 33.3 | 60 | ||
Schedule Risks | Time Affects | 1.80 | 2.0 | 0.77 | 40 | 40 | 20 | |
Delivery Process | 1.73 | 2.0 | 0.79 | 46.7 | 33.3 | 20 |
Group | 1st Index | 2nd Index | Mean | Median | S.D | Low | Mod | High |
---|---|---|---|---|---|---|---|---|
Minor Risk | Culture and Religious Risk | Effect of Local Culture | 2.46 | 3.0 | 0.73 | 13.3 | 33.3 | 53.3 |
Effect of Historical Places | 2.57 | 3.0 | 0.63 | 6.7 | 33.3 | 60 | ||
Effect of Religious | 2.38 | 3.0 | 0.81 | 20 | 26.7 | 53.3 | ||
Public Risk | Ruthless Working Conditions | 2.21 | 2.0 | 0.86 | 26.7 | 26.7 | 46.7 | |
Community Wellbeing Issue | 2.13 | 2.0 | 0.83 | 26.7 | 33.3 | 40 | ||
Public Protection | 2.25 | 2.0 | 0.77 | 20 | 40 | 40 | ||
Law Risks | National Viewpoint | 2.00 | 2.0 | 0.84 | 33.3 | 33.3 | 33.3 | |
Local Rules | 1.86 | 2.0 | 0.83 | 40.0 | 33.3 | 26.7 |
Group | 1st Index | 2nd Index | Mean | Median | S.D | Low | Mid | High |
---|---|---|---|---|---|---|---|---|
Macro Risk | Stakeholder Risks | Attitude of Stakeholder and Clashes | 2.46 | 3.00 | 0.833 | 20 | 13.3 | 66.7 |
Turn Over Stakeholder | 2.40 | 3.00 | 0.736 | 13.3 | 33.3 | 53.3 | ||
Political Risks | Politician Interest | 2.60 | 3.00 | 0.63 | 6.7 | 26.7 | 66.7 | |
Government Behavior | 2.13 | 2.00 | 0.74 | 20 | 46.7 | 33.3 | ||
Safety Risk | Terrorism Risk | 2.53 | 3.00 | 0.74 | 13.3 | 20 | 66.7 | |
Security Risk | 2.53 | 3.00 | 0.63 | 6.7 | 33.3 | 60 | ||
Technical Risk | Training Inadequate | 2.20 | 2.00 | 0.77 | 20 | 40 | 40 | |
Product Maintenance | 2.00 | 2.00 | 0.84 | 33.3 | 33.3 | 33.3 | ||
Information Security | 1.86 | 2.00 | 0.83 | 40 | 33.3 | 26.7 |
Group | 1st Index | 2nd Index | Mean | Median | S.D | Low | Mid | High |
---|---|---|---|---|---|---|---|---|
Meso Risk | Cost Risk | Estimates Inaccurate | 1.80 | 2.00 | 0.77 | 40 | 40 | 20 |
Exchange Inconsistency | 2.00 | 2.00 | 0.75 | 26.7 | 46.7 | 26.7 | ||
Communication Risk | Team Communication | 1.80 | 2.00 | 0.77 | 40 | 40 | 20 | |
Overhead Communicate | 1.73 | 2.00 | 0.79 | 46.7 | 33.3 | 20 | ||
Internal Communication | 1.93 | 2.00 | 0.79 | 33.3 | 40 | 26.7 | ||
Environment Risk | Weather Conditions | 2.00 | 2.00 | 0.84 | 33.3 | 33.3 | 33.3 | |
Land Conditions | 1.93 | 2.00 | 0.79 | 33.3 | 40 | 26.7 | ||
Populations Affects | 2.06 | 2.0 | 0.88 | 33.3 | 26.7 | 40 | ||
Economic stresses | Pay Injury Land Acquisition | 2.40 | 3.0 | 0.82 | 20 | 20 | 60 | |
Poor and Jobless Affected | 2.46 | 3.0 | 0.83 | 20 | 13.3 | 66.7 | ||
Schedule Risks | Time Effects | 2.40 | 3.0 | 0.73 | 13 | 33.3 | 53.3 | |
Delivery Process | 1.93 | 2.0 | 0.88 | 40 | 26.7 | 33.3 |
Group | 1st Index | 2nd Index | Mean | Median | S.D | Low | Mod | High |
---|---|---|---|---|---|---|---|---|
Minor Risk | Culture and Religious | Local Culture Affect | 2.13 | 2.0 | 0.91 | 33.3 | 20 | 46.7 |
Historical Places Affect | 2.26 | 3.0 | 0.88 | 26.7 | 20 | 53.7 | ||
Religious Affect | 2.46 | 3.0 | 0.74 | 13.3 | 26.7 | 60 | ||
Public Risk | Ruthless Working Conditions | 2.3 | 40 | 0.72 | 13.3 | 40. | 46.7 | |
Community Wellbeing Issue | 1.93 | 2.0 | 0.88 | 40 | 40 | 46.7 | ||
Public Protection | 1.80 | 2.0 | 0.77 | 40 | 40 | 20 | ||
Law Risks | National Viewpoint | 1.80 | 2.0 | 0.86 | 46.7 | 26.7 | 26.7 | |
Local Rules | 1.80 | 2.0 | 0.77 | 40 | 40 | 20 |
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Alam, S.; Yin, Z.; Ali, A.; Ali, S.; Noor, A.; Jan, N. A Comprehensive Study of Project Risks in Road Transportation Networks under CPEC. Int. J. Financial Stud. 2019, 7, 41. https://doi.org/10.3390/ijfs7030041
Alam S, Yin Z, Ali A, Ali S, Noor A, Jan N. A Comprehensive Study of Project Risks in Road Transportation Networks under CPEC. International Journal of Financial Studies. 2019; 7(3):41. https://doi.org/10.3390/ijfs7030041
Chicago/Turabian StyleAlam, Sajjad, Zhijun Yin, Ahmad Ali, Sikander Ali, Abdul Noor, and Nadeem Jan. 2019. "A Comprehensive Study of Project Risks in Road Transportation Networks under CPEC" International Journal of Financial Studies 7, no. 3: 41. https://doi.org/10.3390/ijfs7030041
APA StyleAlam, S., Yin, Z., Ali, A., Ali, S., Noor, A., & Jan, N. (2019). A Comprehensive Study of Project Risks in Road Transportation Networks under CPEC. International Journal of Financial Studies, 7(3), 41. https://doi.org/10.3390/ijfs7030041