A collaborative perspective in green construction risk management

Many risks existing in the supply chain of green construction projects are poorly managed by traditional non-collaborative approaches leading to problems such as higher prices, inappropriate indoor environment quality, technological failures and legal battles that in turn adversely affect all stakeholders. To reduce the cases of failure in the green construction industry, it is necessary for supply chain (SC) key players to collaboratively identify, analyse and treat risks, considering benefits and concerns of all stakeholders inside the network. This paper presents a method for collaborative risk management to provide informed advice to supply chain stakeholders to manage risks in the green construction industry. Contribution of the proposed collaborative approach is illustrated in a case study carried out in a green construction development project in Melbourne, Australia. The case study introduced in this research is sufficiently robust to provide evidence that collaborative approaches can add value to traditional methods of risk management and presents a modelling and analysis framework for assessing supply chain risks in the green construction.