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- W765911716 abstract "While the globalization of the construction industry provides tremendous opportunities for construction industry, the risks involved with international construction projects are increasing significantly. According to ENR, recently about 13.9% of contractors that entered international construction markets have experienced loss in projects and furthermore, their average profits have also declined continuously. Accordingly, contractors need a strategic risk management system for assessing various risks and improving profitability for overseas construction projects. This paper discusses the long-term trend of profitability performed by Korean contractors in international construction markets during the last 35 years. Then, it analyzes the critical factors by using statistical methods such as Pareto Rule, Factor Analysis, and One-way ANOVA that affect the profitability significantly through the structured surveys from 59 actual overseas projects. These factors can be used in developing a risk management system for international construction project." @default.
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- W765911716 date "2003-01-01" @default.
- W765911716 modified "2023-09-26" @default.
- W765911716 title "Analysis of Critical Factors on the Causes of Profitability in International Construction Projects" @default.
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