Assessing risk dimensions in dry port projects: prioritization, interdependence and heterogeneity

Abstract

Purpose: we identify and further aggregate into dimensions, the most commonly engaged risk factors in dry port projects. Noting the importance of developing a multi-perspective of risk, we further assess the priority, interdependency, and heterogeneity of the identified risk dimensions.

Design/methodology/approach: we identify from the literature, 44 risk factors which are
aggregated via Exploratory Factor Analysis (EFA) into eight major risk dimensions. We employ
a Fuzzy-based DEMATEL relationship map to articulate various relationships among the risk
dimensions.

Findings: ‘cost’ emerges as the most important risk influencing the success of dry ports
project, followed by ‘Location’, ‘Accessibility’, ‘Infrastructural’, and ‘Operational’, which were
also ranked prominently.

Originality/value: this study offers significant insight to the management of risk in dry port
projects. By aggregating key risk factors into distinct dimensions, we develop a structured
framework for effective risk assessment and management. Insights gleaned from the study
extend globally as it serves as a concrete knowledge base to understand potential barriers to
successful dry port projects.

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Identifiers

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

ORCID for Max Chipulu: orcid.org/0000-0002-0139-6188

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