Abstract

In order to improve the design processes of building companies it is necessary to introduce risk management mechanisms at an earlier stage of construction projects. This paper presents the results of a research study aimed at mapping the design process of midsize construction companies, identifying which activities in the design process can be associated with risk management. The analysis used the conceptual framework outlined by ISO 31000 and PMBOK. The mapped activities were prioritized based on criteria set up by the Project Definition Rating Index, from Construction Industry Institute. The research method involved multiple case studies carried out in three medium-sized real estate companies. The sources of evidence included documents, design analysis, interviews and direct observation of work routines. The results point to the fact that companies do not have adequate mechanisms for risk management at the design stage. Risk analysis is mainly concentrated on economic feasibility evaluations. The deployment of actions involved in risk management can be a first step for companies to implement risk management models at earlier stages of construction projects.

Keywords:
Design management; Risk management; Real estate