KSCE Journal of Civil Engineering

, Volume 5, Issue 1, pp 87–96 | Cite as

A risk-based entry decision model for international projects

Construction Engineering


The world economy is becoming more global due to agreements such as the “Uruguay Round” in WTO (World Trade Organization). The globalization of the world construction industry provides tremendous opportunities for contractors to expand into new foreign markets. However, international construction markets are still dramatically different from domestic markets. International construction involves all of the uncertainties common to domestic construction projects as well as risks specific to international transactions. This paper discusses the current approaches related to entry decisions into intenational construction markets. It then develops a “risk-based Go/No-Go decision making model” for contractors who wish to expand into international construction markets. The entry decision model applies the Cross-Impact Analysis (CIA) method to assess the various uncertainties associated with international construction. This research draws significant findings regard ing the benefits of this Go/No-Go decision model from experimental studies by 56 participants.


international construction projects risk analysis risk-based entry decision model cross-impact analysis (CIA) experimental case studies 


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Copyright information

© KSCE and Springer jointly 2001

Authors and Affiliations

  1. 1.Ministry of Construction & TransportationKwa-chen CityKorea

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