An Investigation of Risk Identification Methods in the Libyan Construction Industry

Abstract

The Libyan Construction Industry (LCI) faces chronic challenges, including significant project delays and cost overruns, largely attributed to inadequate risk management practices. Effective Risk Identification is the foundational step for any successful risk management framework. This study investigates the current state of risk identification tools and techniques within the LCI, aiming to bridge the gap between theoretical importance and practical application. A mixed-methods approach was employed, utilizing a quantitative questionnaire to assess the perceived importance and actual application of 20 specific risk identification tools and techniques, supported by expert interviews. The findings reveal a significant disparity: while tools like Project Document Review and Use of Models and Software are rated as 'Very Important,' their application often lacks consistency, as indicated by high standard deviation values. The study highlights that the primary barrier to effective risk identification is not a lack of knowledge, but a weak organizational risk culture and insufficient commitment from senior management. The paper concludes by proposing a set of tailored recommendations to enhance the risk identification process, ensuring it is both comprehensive and contextually relevant for the Libyan environment.