| dc.description.abstract | The Saudi Power Generation Project market is fast growing with more international EPC contractors and consultants entering this market. Understanding the risks, whether threats or opportunities, involved in the engineering, procurement, and construction of a
Saudi power generation project will ensure the success of new power generation projects in Saudi Arabia. The six Risk Management Process steps, adopted by the Project Management Institute (PMI), were explained, with more emphases on the Identify Risks process; since it is the main risk management step applied in this research. The research used the expert interview method and review of existing literature research to identify external risks in Saudi power generation projects. It also highlighted the main external risks, in the Saudi construction industry, identified in almost all of the main studies conducted in the past 20 years. Through ten expert interviews, 101 responses were received. 88 of which identified 27 threats in Saudi Power Generation projects. Out of the 27 identified threats, 17 were major threats since they were highlighted by at least three experts. The most highly ranked threats, that were identified in this research, are:
•Availability of qualified manpower in Saudi Arabia.
•Main client’s contractual general terms and conditions.
•Weather conditions in Saudi Arabia.
The other 13 responses identified some opportunities in these projects. The main identified opportunities are:
•The Saudi economy is a free market and stable and growing economy.
•Positive outlook for the Saudi power generation industry with many new planned projects to meet increasing demand.
A comprehensive comparison between the results of the primary research and the literature review was completed. Many similarities were identified between the two findings. Recommendations, that will help process the findings of this research further into the Risk Management Processes, include:
•A risk register must be built to keep and track risk information.
•Identified risks must be analyzed, their root causes, triggers, and effects must be defined. The extent of their impacts must also be identified.
•Preliminary responses shall always be added to the risk register as they are identified.
•Each major risk should be assigned to a risk owner.
•All of this new data should be added to the risk register, monitored, and updated as the project progresses.
Finally, further studies that could be developed based on the results of this research, were suggested by the author. | en_US |
