Title: Megaprojects and risk management: Emaar Properties

Authors: Robert Bateman, Munir Majdalawieh

Addresses: Department of Management, School of Business and Management, American University of Sharjah, P.O. Box 26666, Sharjah, UAE. ' Department of Management Information Systems, School of Business and Management American University of Sharjah, P.O. Box 26666, Sharjah, UAE

Abstract: Companies in a variety of industries must be cognisant of the risks associated with project management, but organisations implementing megaprojects must actively identify, analyse, mitigate, monitor and control for a variety of potential challenges that could impact on project schedule, cost, and quality. In addition to managing risks within projects, large enterprises must also consider their exposure to market events and other situations beyond their control. This paper identifies several challenges associated with large projects and examines how Emaar Properties manages risks across markets by spreading projects geographically and by diversification across industries.

Keywords: risk management; megaprojects; project management; Emaar Properties; Dubai; UAE; United Arab Emirates; diversification.

DOI: 10.1504/IJTCS.2009.026299

International Journal of Teaching and Case Studies, 2009 Vol.2 No.1, pp.56 - 75

Received: 17 Mar 2008
Accepted: 30 Dec 2008
Published online: 05 Jun 2009 *

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