The critical risk factors that influence production-oriented projects in the United Arab Emirates: a 'Best-Worst Method' analysis

Abstract

The aim of this paper is to examine, categorize and prioritize the critical risk factors that influence manufacturing-oriented projects. Utilizing data obtained from the metallic production industry in United Arab Emirates, we employ multi-criteria decision analysis encompassing the ‘Best-Worst Method’ (BWM) for factor ranking and categorization. The outcome of this exercise being the development of substantial proficiency in risk management that will have a significant impact on the overall success of projects commissioned within the manufacturing space. Findings drawn against an integrated ‘Technology–Organization–Environment’ and ‘Four levels of uncertainty’ framework suggests that ‘Automation’, ‘Cycle time’, and ‘Feed rate’ (technological factors), ‘Manpower utilization’ and ‘Agility’ (organizational factors), and ‘Occupational health and safety’ (environmental factors), ranked highest in terms of critical risk factors likely to impact upon the outcome of manufacturing projects.

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ORCID for Alasdair Marshall: orcid.org/0000-0002-9789-8042

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