Proposal for Research Project

1. General Data.

DATE OF COMPLETION: PROGRAM

26-12-2019 Business Administration and Management.
(DD-MM-YYYY) ACADEMIC:
Perceptions and challenges of contractors in the construction sector when analyzing the
TITLE OF THE PROPOSAL: estimation, typification, and assignment of foreseeable risks in the terms of reference for the
contracting of public works of greater amount in Colombia.
PRINCIPAL INVESTIGATOR (PI) Carlos Andrés Torres Castellanos

2. Type of Project.

TYPE OF PROJECT
Project classification (It will be evaluated according to the established criteria and scores for each type of
project in the Terms of Reference)

Exploratory Research ☐ Descriptive Research ☒ Correlational Research ☐

Explanatory Research ☐ Scientific Research ☐

[Link] de la Propuesta (no más de 200 palabras).

EXECUTIVE SUMMARY OF THE PROPOSAL

Risk management as a strategic activity of organizations is becoming increasingly common. This is due to a series of
advantages that entrepreneurs recognize in this, which allows to guarantee to a greater or lesser extent the success of projects or
units of

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 Research Proposal Outline

business. Thus, this management applied to those considered predictable has become especially important in the sector of

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EXECUTIVE SUMMARY OF THE PROPOSAL

construction. Although the literature shows a significant number of studies that analyze the management of foreseeable risks in
In this sector, in the Colombian context, there are few who analyze it. Thus, the present aims to design strategies for the
management of this type of risks in higher value tenders in the construction sector. For this purpose, a design was created
qualitative methodology divided into two phases; the first concerns 7 in-depth interviews conducted with executives
of
companies to understand their perceptions of the system; and the second, the design of strategies for its actors that facilitate
the management of this type of risks.

[Link] Proposal.

DESCRIPTION OF THE PROPOSAL

State of the Art Studies on risk management in the construction sector at an international level are
(Maximum 1 page) hand development
adifferent dodes pperspectives,dis acántwoe: dissolutionollador y thecontractor.
Thus,Mills (2001) cites a case study developed by Jaafari and Anderson (1995), who
they analyzed risk management from the developer's perspective. To do this, they analyzed the
deconstruction project of an office building in the city of Sydney, Australia, in which
they identified the risks considered by the project developers. Their objective was
demonstrate the usefulness of risk management for a construction project and the importance of
the dangers associated with the use of incomplete assumptions in risk analysis models for
to legitimize a particular vision regarding market perspectives and other trends
economic. The conclusion obtained from the study by Jaafari and Anderson (1995) is that the
developers are merely "risk seekers" who take them on without understanding
really its impact on the entirety of the project, prioritizing subjectivity in the process.
Taking the above into account, the conclusion reached by Mills (2001) is that risk must
analyzed in an organized and systematic manner taking into account the total impact of
time and cost. Additionally, consider that the attitude of the project manager is
important, as measures must be taken to ensure that risk management is carried out
including the greatest realism possible. In the same vein, Peter Massingham (2010)
contributed to the field of research called Knowledge Risk Management
(KRM), which improves the accuracy of risk assessment by reducing subjectivity.
caused by cognitive bias. To do this, he used the case study method in the Department

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DESCRIPTION OF THE PROPOSAL

of Australia's Defense and examined how conventional approaches to risk management
based on decision tree methods are ineffective so it proposes and tests a
alternative KRM model. Consequently, for the author, the inclusion of constructs of
knowledge management would provide managers with a deeper insight into the real nature
of organizational risk. Regarding the contractors' perception of risks, Hlaing,
Singh, Tiongy Ehrlich (2008) conducted research on this in the estimation stage.
and bidding identified a list of crucial risk factors that must be considered when
make decisions about the final cost and the estimated time of the project. Through a
survey, the authors consulted 200 contractors from Singapore selected at random from
Building and Construction Authority, in which 55 risk factors were identified according to the
popularity in literature. Out of the total sample, 39 complete responses were received, a
a relatively low percentage as it corresponds to 19.5% of the total. The research showed that
the risk factors have a significant financial impact on the project, they also concluded
that the risk factors generated by the actions of the participants are considered more
important than those related to the project itself and the environment. The authors highlight the
importance of group risk identification, as the experience of one person
it can be limited, additionally they consider that the
the implementation of an adequate risk management process is due, not to a lack of
economic resources, but rather to a limited time for the development of the project.
2. Approach In recent years, risk management has increasingly become a practice
Problem habitual for companies in general, as it improves their ability to
(Maximum 1/2 page) identify threats and opportunities, reduce losses and improve efficiency, effectiveness and
effectiveness of each of the processes; however, as Mills expresses it, the sector of the
construction, although it is quite risky, has a poor reputation regarding management of the
risk, which leads to large projects not meeting the agreed delivery deadlines or
with the initial budgets (2001). In the Colombian case, according to the Survey of
Sectorial Perception of 2015 published by the Colombian Chamber of Infrastructure, the
delays and unforeseen events account for 31% of the costs in project execution
construction. Consequently, the lack of estimation, typification, and assignment of risks
predictable becomes the main problem for these companies, since they
decreases the profitability of their businesses. Given the above
the context of the research problem is what is the perception and challenges of contractors of

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construction sector at the time of analyzing the estimation, typification, and assignment of the

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DESCRIPCIÓN DE LA PROPUESTA
foreseeable risks in the terms of reference for the contracting of major public works
amount in Colombia?
3. General Objective Identify the perception and challenges of contractors in the construction sector at the moment of
analyze the estimation, typification, and assignment of foreseeable risks in the terms of reference
for the contracting of larger public works in Colombia
4. Specific Objectives 1. Identify the methodology for the estimation, typification, and assignment of risks
predictable on the part of the State for the processes of construction of major civil works
amount.
2. Identify the methodology by the construction sector for estimation,
typification and assignment of foreseeable risks in civil engineering projects.
3. Determine the aspects to improve in the estimation, typification, and assignment of risks.
predictable public works contracting processes of greater amount.
5. Methodology For the achievement of the objective, a descriptive qualitative methodology was established divided into
(Maximum 2 pages) two phases; the first corresponds to seven in-depth interviews conducted with directors of
construction sector companies, where the selection criteria for the companies were: 1.
This r legalmind const ituiyes ico dePr o ponentities(Rcurrent
One
; 2. Colater con theRregistration a the
date of the study; 3. Having participated in public tenders in the last two years; and 4.
Having executed contracts of greater amount with the state, at least in three departments.
For the sample size, the parameters established by Ragin (2007) and Patton were followed.
(2014), highlighting the importance of information-rich cases over the quantity of these.
To ensure the robustness of the case descriptions, a questionnaire was designed
for
14 reflective questions, which aimed to: 1. Evaluate the processes of the
public entities for the estimation, typification, and allocation of foreseeable risks from the
perspective of business owners; 2. Understand the importance of public hearings for the
validation of the risks detected by the entity; and 3. Identify the methodology
used by companies for the assessment of this type of risks in projects and the
strategies used for its mitigation. For its validation, an analysis of the questions was carried out.
by two experts who fulfilled the following profile: 1. Being civil engineers, lawyers
to the administrators
businesslink ados al sect r of la const rucción; 2. Habhe partic ipado por lo menos enun
bidding process of higher amount in the last year; 3. Have a master's degree and/or

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DESCRIPTION OF THE PROPOSAL

doctor do enel áread o right
ingen isheawill be ; y 4. Estar vincul ado come time teacher
completed at a higher education institution.
For the analysis of the data from this first phase, the stages proposed by were followed
Creswell (1998), in this way: 1. each of the interviews was transcribed to Word format; 2.
conducted a thorough reading of each of the responses, identifying the base categories of
Analysis; 3. Concrete themes related to each of the categories were established.
for which open coding was used following the parameters of Schettini and Cortazzo
(2015), the above was carried out in the Atlas ti program; and 4. The synthesis of the information was carried out.
through a deductive analysis of the relationships established between the categories or codes.
The second phase involved designing strategies to achieve proper risk management.
predictable in public tenders in Colombia. For this, the results were taken into account
from the first phase and the model described by Rodríguez (2004), where an analysis was carried out of the
issues, generation of alternatives, synthesis and evaluation of proposals; resulting in
result strategies aimed at state entities, associations, and companies in the sector of
the construction. In turn, a proposal was designed for the strategic management of risks
predictable by the interest groups.
6. Cited Bibliography Hlaing, N. N., Singh, R. L. K., Tiong., and Ehrlich, M. (2008). Perceptions of Singapore construction contractors
on construction risk identification. Journal of Financial Management of Property and Construction,
13(2), 85-95. doi:htps://[Link]/10.1108/13664380810898104
Massingham, P. (2010). Knowledge risk management: A framework. Journal of Knowledge Management,
14(3), 464-485. doi:htps://[Link]/10.1108/13673271011050166
Mills, A. (2001). A systematic approach to risk management for construction. Structural Survey, 19(5), 245-
252. doi:htps://[Link]/10.1108/02630800110412615
Paton, M. Q. (2014).Qualitatve research & evaluaton methods: Integratng theory and practce. US: Sage
Publications, Inc.
Ragin, C. (2007).La construcción de la investgación social: Introducción a los métodos y su diversidad.
Bogotá, Colombia: Siglo del Hombre Publishers.
Rodríguez, L. (2004).Diseño: estrategia y táctca. México D.F, México: Siglo XXI.

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DESCRIPTION OF THE PROPOSAL

Schetni, P., & Cortazzo, I. (2015). Analysis of Qualitative Data in Social Research: Procedures and
Tools for the Interpretation of Qualitative Information. Mar del Plata, Argentina: Editorial
from the University of La Plata.

4. Schedule

Months of
Activity Execution
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24
Construction – Project of
X X
research
Literature review X X
State of the art X
Methodology X
Instrument design X
Data collection X X
Analysis of the information X X
Construction of the final document X

5. Budget

Overall budget of the proposal by sources of financing.

Values.
ITEMS
Species Fresh money
Staff on Site 12.652.310 0
External Personnel - provision of services 0 5.650.600
Equipment (purchase and/or maintenance) 10,000.00 0

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Materials and supplies 150,000 0

Travel and internships 0 0
Field trips 200.000 0
Technical services 0 0
Software 1.500.000 0
Disclosure of results 1.800.000 0
Workshops, meetings, forums 0 0
TOTAL 26.302.310 5,650,600

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