Evaluating Sources of Risks in Large Engineering Projects: The Roles of Equivocality and Uncertainty
Evaluating Sources of Risks in Large Engineering Projects: The Roles of Equivocality and Uncertainty

Summary/Abstract: Contemporary project risk management literature introduces uncertainty, i.e., the lack of information, as a fundamental basis of project risks. In this study the authors assert that equivocality, i.e., the existence of multiple and con- flicting interpretations, can also serve as a basis of risks. With an in-depth empirical investigation of a large complex engineering project the authors identified risk sources having their bases in the situations where uncertainty or equivocality was the predominant attribute. The information processing theory proposes different managerial practices for risk management based on the sources of risks in uncertainty or equivocality

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