The contribution of risk management according to ISO 31000: 2018 in the improvement of the golden triangle in the Infrastructure Projects: a case study of the Algiers Metro project - Cosider

Abstract

The study aims evaluates the application of risk management in the infrastructure construction industry, focusing on its contribution to the golden triangle of Cost, Quality, and Time, following ISO 31000:2018 guidelines. Using the Algiers M28 metro extension project by Cosider as a case study, 7 interviews with officials were conducted to identify project risks, supplemented by internal documents and site observations. A total of 43 risks were identified. The qualitative analysis of interview data indicates that current methods can identify risks, but not effectively enough, particularly those that contribute significantly to time, cost, and quality. The study suggests that improving risk management methods could better mitigate or eliminate these risks, offering practical insights into applying ISO 31000:2018 in infrastructure projects and proposing enhanced risk management procedures for the industry.