Role of Governmental Regulatory Controlling Procedures between Political Hazards and Risk Management
Role of Governmental Regulatory Controlling Procedures between Political Hazards and Risk Management

Summary/Abstract: Both domestic and international developers are inextricably exposed to political uncertainty and hazards for construction activities on a global scale, either deliberately or inadvertently. Effectively managing political hazards in the developmental sector is essential for project performance, achievement and success. In developmental projects, The Organization Control theory, upon which this research is anchored, applied quantitative methodology with a positivist paradigm using SmartPLS as a statistical tool to take into account the moderating function of governmental regulatory controlling procedures to gauge the effect of political concerns on managing risks in Saudi Arabia's developing sector. Survey questionnaires were sent to the top contractors (those with more than 250 employed workers) with an 81.9% completion rate. The findings indicate that political influences in Saudi Arabia's developing sector have a favorable impact on risk management, which is moderated by governmental regulatory controlling procedures. The connection among political influences and risk management is statistically significant ( = 0.338, M = 0.324, T = 6.185 and p < 0.05), governmental regulatory controlling procedures and risk management is statistically significant ( = 0.438, M = 0.451, T = 8.36 and p < 0.05) and the interaction of governmental regulatory controlling procedures between political factors and risk management is also statistically significant ( = 0.263, M = 0.255, T = 5.339 and p < 0.05). Professionals, specialists and experts can minimize damage resulting from political concerns and conflicts by putting risk management concepts and principles into practice.

• Details
• Contents