TITLE:
Top 10 Key Risk Factors of GZA Project Implementation Are Analyzed with Interpretative Structural Model
AUTHORS:
Jiangping Wan, Guangwei Pan
KEYWORDS:
GZA Project, Key Risk Factors, Interpretative Structural Model (ISM)
JOURNAL NAME:
Open Journal of Business and Management,
Vol.2 No.4,
August
22,
2014
ABSTRACT: The top 10 risk factors of GZA project implementation are analyzed with interpretative structural model. There is scientific decision-making, policy supporting, design quality, supervisory mechanism, drawing accuracy, costing, budget control, organization structure, personnel quality, democratic participation, and its interpretative structural model is established. The result illustrates that the relationship among the top 10 risk factors of GZA project implementation is like a pagoda: the root risks are risk of scientific decision-making and risk of drawing accuracy, and risk of organization structure is on the top floor. Those three risks are the most critical factors which affect GZA project implementation’s success or failure. The study attempts to facilitate designing of the specific strategy to avoid risk in order to enhance the success rate of GZA project implementation.