Economics, Finance and Accounting- Vol. 1 No. 11 (2023): 202
2023; 17–31
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INTERPRETIVE STRUCTURAL MODELLING IN MUNICIPAL PROJECTS RISK MANAGEMENT

Reza Barati*

European University in Armenia

Received: 2025-05-16 · Published: 2023-04-29

© 2023 The Author(s) and the original publisher.

CC BY-NC 4.0 This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
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Original title
INTERPRETIVE STRUCTURAL MODELLING IN MUNICIPAL PROJECTS RISK MANAGEMENT
Author
Reza Barati
Source journal
Economics, Finance and Accounting- Vol. 1 No. 11 (2023): 202
Published
2023-04-29
Licence
Creative Commons Attribution-NonCommercial 4.0 International
Original
https://doi.org/10.59503/29538009-2023.1.11-17

Abstract

There is risk in all projects, a correct understanding of project risk can help project managers to complete it. Therefore, the purpose of this study is to identify and rank the risk components of municipal infrastructure projects based on the Structural-Interpretive Approach (ISM). Finally, there were 41 indicators in the subset of 8 dimensions, which included (Organizational risk, Individual risk, and Environmental risk, Familiarity of employees with project control, Financial burden imposed, Initial miscalculation and incomplete definition of stakeholder needs, Interpersonal risk, Internal processes of organizational culture). Component (Organizational risk, Individual risk, and Environmental risk) is in the first level, component (Familiarity of employees with project control) is in the second level, component (Financial burden imposed, Initial miscalculation and incomplete definition of stakeholder needs, Interpersonal risk) is in the third level and component (Internal processes of organizational culture) is in the fourth level.
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