HNBS 311: Analyzing Risk Management in UK Construction Industry

This research proposal examines the critical importance of risk management within the UK construction industry. It aims to understand the concept of risk management, identify issues arising from its inefficient implementation in construction projects, analyze strategies for problem prevention, and recommend methods for ensuring project success. The study includes a literature review, outlines research objectives, and details the research methodology, including data collection through interviews and secondary sources. The proposal also provides a timeline for activities, ethical considerations, and data storage protocols. The research employs an inductive approach with an interpretivism philosophy, utilizing both primary and secondary data analysis techniques to explore the effectiveness of risk management strategies within the construction sector. The study anticipates collecting data from 30 employees in the construction sector. The findings aim to provide a comprehensive understanding of risk management’s impact on project outcomes, offering insights for improved practices and decision-making.

Research Proposal Form
Student Name:
Student Number: 18123
Date:
Unit: HNBS 311
Proposed title:
The importance of risk management in projects – A study on
construction industry of UK

Section One: Title, objective, responsibilities
The main title of the research project is to analyse the importance of risk management in projects – A
study on construction industry of UK”.
Research project objectives
The main objectives of the study are:
1. To understand the concept of risk management
2. To determine the problems due to inefficient risk management in construction projects
3. To analyse the strategies for preventing the problems
4. To recommend strategies to turnaround project into success
Research question
1. What is the concept of risk management?
2. What problems are faced by construction projects due to inefficient risk management?
3. How these problems can be prevented?
4. What are some of the strategies to turnaround project into success?
Section Two: Reasons for choosing this research project
Risk management helps the project managers in establishing the priorities, executing actions and
allocation of resources that helps in reducing the risk of the project to not achieving the objectives.
Thus, it can be said that risk management helps in facilitating enhanced business as well as project
results though offering knowledge and insight for enhanced decision making. Further, if the risk
management is being ignored there is augmented costs, damage to the reputation, reduction in profit
and worst disposal of the business. Thus, adequate risk management and analysis is crucial for the
successful completion of construction project.
Section Three: Literature sources searched
According to (Fang and et.al., 2014), Projects are very unique and complex by their nature. They take
place over for an enduring time period and also demands engagement of assortment of people,
finance, resources, materials along with intellectual property. In some of the situations, projects have
certain defined goals that offers a clear vision as well as requirement of the objectives to those who
are being involved.
According to (Chatterjee and et.al., 2018) risk management is being regarded as one of the most
important factors in the project management practices for verifying whether the project is successfully
completed or not. As per (De Araújo Lima, Crema and Verbano, 2020), construction industry as per

other industries is riskier and involves more uncertainties. Thus, from protecting their business, it is
important to seek different methods
Section Four: Activities and timescales
Activities to be carried out during the research project (e.g. research,
development and analysis of ideas, writing, data collection, numerical
analysis, tutor meetings, production of final outcome, evaluation, writing
the report):
Activity Days and target date
Proposal 2 days,12 – 06 – 2022
Chapter 1 Introduction 2 days, 1 – 07 – 2022
Chapter 2 Literature review 3 days, 4 – 07 – 2022
Chapter 3
Research Methodology
2 days, 6 – 07 – 2022
Chapter 4 Findings & analysis 5 days, 11 – 07 – 2022
Chapter 5 Discussion 3 days, 14 – 07 – 2022
Chapter 6 Conclusion &
Recommendations
2 days, 16– 07 – 2022
How long this will take:
This will take a total of 20
days
 Milestone one: Submitting the Research Proposal
Target date (set by tutor): 13 June 2022
 Milestone two: Submitting the Research Project Report
Target date (set by tutor): 25 July 2022
Section Five: Research approach and methodologies
Research approach – The researcher will make use of inductive research approach as the research
will be qualitative in nature.
Research philosophy – The researcher will make use of interpretivism research philosophy, as it
involves observation of the social phenomenon
Data collection – In the current research work, the researcher will make use of primary and
secondary data collection methods. Primary data will be collected by conducting interview of
employees of construction industry through questionnaire. Secondary data will be collected through
exploring different books, journals, articles and online sources relevant to the study.
Data analysis – The collected data will be analysed using qualitative analysis technique wherein
thematic analysis tool will be used to form common themes

Sampling – The sample size will be 30 employees working in construction industry. They will be
selected using simple random sampling method
Comments and agreement from tutor
Comments (optional):
I confirm that the project is not work which has been or will be submitted for another qualification and
is appropriate.
Agreed: (name): (date):
Comments and agreement from project proposal checker (if applicable)
Comments (optional):
I confirm that the project is appropriate.
Agreed: (name): (date):
Research Ethics Approval Form
All students conducting research activity that involves human participants or the use
of data collected from human participants are required to gain ethical approval
before commencing their research. Please answer all relevant questions and note
that your form may be returned if incomplete.
For further support and guidance please see your respective Unit Tutor.

Before completing this form, we advise that you discuss your proposed
research fully with your Unit Tutor. Please complete this form in good time
before your research project is due to commence.
Section 1: Basic Details
Project title: The importance of risk management in projects – A study on
construction industry of UK
Student name:
Student ID number:
Programme: HNBS
Intended research start date: 13 June 2022
Intended research end date: 25 July 2022
Section 2: Project Summary
Please select all research methods that you plan to use as part of your project (Please tick):
• Interviews: √
• Questionnaires: √
• Observations:
• Use of Personal Records:
• Data Analysis: √
• Action Research:
• Focus Groups:
• Other (please specify):
Section 3: Participants
Please answer the following questions, giving full details where necessary.
Will your research involve human participants? Who are the participants? Tick all that apply:

Ages 12-16:
Young People aged 17–18:
Adults: √
How will participants be recruited (identified and approached)?
They will be approached through emails and phones and will be selected through random
sampling method
Describe the processes you will use to inform participants about what you are doing:
Through emails and phones
How will you obtain consent from participants? Will this be written? How will it be made
clear to participants that they may withdraw consent to participate at any time?
A written consent form will be signed by the participants prior beginning of the study. It will
involve different rules and restrictions of the research
Studies involving questionnaires: Will participants be given the option of omitting questions they
do not wish to answer? Please tick:
Yes: √
No:
If No please explain why below and ensure that you cover any ethical issues arising from this.
Studies involving observation: Confirm whether participants will be asked for their informed
consent to be observed. Please tick:

Yes: √
No:
Will you debrief participants at the end of their participation (i.e. give them a brief explanation of the
study)? Please tick:
Yes: √
No:
Will participants be given information about the findings of your study? (This could be a brief
summary of your findings in general). Please tick:
Yes:
No:
Section 4: Data Storage and Security
Confirm that all personal data will be stored and processed in compliance with the Data
Protection Act (1998).
Yes: √
No:
Who will have access to the data and personal information?
Researcher and the university
During the research:
Where will the data be stored?
Computer storage
Will mobile devices such as USB storage and laptops be used?
Yes: √
No:
If yes, please provide further details:
Mobile phones for contacting participants and computers for sending mails and conducting
research work

After the research:
Where will the data be stored?
Computer
How long will the data and records be kept for and in what format?
One year
Will data be kept for use by other researchers?
Yes: √
No:
If yes, please provide further details:
Library of the University
Section 5: Ethical Issues
Are there any particular features of your proposed work which may raise ethical concerns? If so,
please outline how you will deal with these:
It is important that you demonstrate your awareness of potential risks that may arise as a result of
your research. Please consider/address all issues that may apply. Ethical concerns may include,
but are not limited to the following:
• Informed consent. √
• Potentially vulnerable participants. √
• Sensitive topics.

• Risks to participants and/or researchers.
• Confidentiality/anonymity. √
• Disclosures/limits to confidentiality.
Data storage and security, both during and after the research (including transfer, sharing,
encryption, protection).
• Reporting.
• Dissemination and use of your findings.
Section 6: Declaration
I have read, understood and will abide by the institution’s Research and Ethics Policy: Yes: No:
I have discussed the ethical issues relating to my research with my Unit Tutor: Yes: No:
I confirm that to the best of my knowledge:
The above information is correct and that this is a full description of the ethics issues that may arise
in the course of my research.
Name:
Date:
Please submit your completed form to Moodle via the
relevant TurnitIn submission link
References
Chatterjee, K., Zavadskas, E.K., Tamošaitienė, J., Adhikary, K. and Kar, S.A., 2018.
Hybrid MCDM Technique for Risk Management in Construction Projects.
Symmetry.10. p.46.
Fang, D., Li, M., Fong, P.S. and Shen, L., 2014. Risks in Chinese construction
marketcontractors' perspective. J Construct Eng Manage. pp.853-861.

De Araújo Lima, P.F., Crema, M. and Verbano, C., 2020. Risk management in
SMEs: A systematic literature review and future directions. European
Management Journal. 38(1). pp.78-94.