A review of studies on construction investment project risk management using SEM model

Tóm tắt

Construction investment activities involve numerous risks, both during construction and operation phases. Some risks recur frequently across multiple projects, while others have a lower probability of occurrence. SEM is one of the optimal methods for assessing a project's performance under risk conditions. Globally, there are numerous studies on construction investment project risk management using SEM. In Vietnam, while SEM has been applied in fields such as biology, sociology, psychology, medicine, business, and education, its application in the construction sector remains limited. This paper reviews scientific studies on construction investment project risk management using SEM both domestically and internationally, identifies limitations in the application of this model in Vietnam, and aims to provide managers with a comprehensive overview of this modern multivariate analysis technique.