Project Risk Management for Sustainable Building Repair & Maintenance in Developing Countries

Building repair & maintenance (R&M) are inevitable: building omponents deteriorate with time due to aging, constant use – causing wear and tear, possible design and construction defects, and the consequences of environmental agents and vulnerabilities. The situation worsens in developing countries where large number of externalities dictates the R&M decisions: lack of budget, enforcing regulation and building standards to name a few. These and other inherent uncertainties grow to be considerable risks of peculiar nature, which demand an active and customized management. The need to manage risk of R&M projects is paramount: starting from affective identification to seamless analysis, and suitable response planning to meticulous monitoring and control, a custom-structured project risk management (PRM) framework – a combination of specialized tools and techniques – will greatly help by considering how risky these undertakings are, dealing with apparent threats and converting them into opportunities. To this end, this paper, after reviewing the R&M state of affairs in developing countries, proposes a functional PRM framework to manage R&M risk.