Research sponsored by the Korean Government investigated the establishment of a risk management process by Korean contractors involved with plant projects in the Middle East. This research effort builds upon the work completed by the Construction Industry Institute (CII), called the International Project Risk Assessment (IPRA) tool and method, and also explored how CII's Project Definition Rating Index (PDRI) could be incorporated to improve project planning by addressing risks and scope development issues. Specific findings and recommendations were developed including the creation of the Contractor Critical Areas of Concern (CCAC) risk screening tool for Korean contractors pursuing Middle East oil and gas projects.
The financial support from the Korean Ministry of Construction is acknowledged. The research team would also like to thank the participants from the Hyundai Institute of Construction Technology who provided their expertise and guidance throughout this research. The writers would also like to thank the representatives from the Korean construction firms who directly contributed to the researcher's data collection effort.