Author(s): Amany Mohamed Gamea Ali Al-Hashimi, Mohd Rayme Bin Anang Masuri
The construction industry is booming in the UAE, and many multinational construction companies entered the market. Despite the significant role of the real-estate industry to UAE’s economy, the performance of contractors is a major concern for the stakeholders and clients. In many instances, contractors are blamed for poor performance and criticized for having limited knowledge in the application of requisite management techniques. The records showing that a large construction companies have won many residential projects in UAE but at the end they have a big loss due improper handling to project schedule over a series of sub-contracts. The aim of this study is to examine the relationship between project risk management and the performance of construction companies in UAE. This study applies quantitative methods to examine the relationship between project risk management and project performance. The total number of population equal to 1270 individuals. Those individuals represent project managers and the staff in project management department in Aldar Company for construction and properties. The findings from previous studies show that project risk management has a significant effect on project performance in construction industry. Construction project performance is measured through six dimensions namely: Health and safety, quality management, project productivity, construction cost, construction time, client satisfaction, while construction risk management is measured through five dimensions namely: risk identification, risk evaluation, risk analysis, risk control, risk monitoring.