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Identifying and managing risk in mega-projects: the case of automotive test center project in Turkey

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2019
Ayvazoğlu, Buğra
The issue of risk assessment in projects has attracted considerable attention in both practice and the literature. Although the number of studies investigating large-scale engineering projects (construction, rail system projects, power plants, etc.) has been increasing, majority of them focus on private sector. In this thesis, it is specifically focused on a current, mega-project where both governmental and private organizations participate, namely the Automotive Test Center Project carried out in Turkey. This megaproject is investigated in three steps: i) risk identification, ii) risk assessment/ measurement, and iii) risk management stages. Furthermore, due to the heterogeneity of the parties involved, risk perceptions of different stakeholders are also examined. Adopting a single case study approach, data is collected via three main sources: archival data, survey data with 47 respondents, and five detailed interviews conducted with the main governmental contractor.