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RESEARCH PRODUCT

Risikostyring i prosjektgjennomføring: En casestudie av risikostyring i prosjektgjennomføring hos Kruse Smith

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This master’s thesis is conducted at the University of Agder in cooperation with Kruse Smith Entreprenør. The thesis is a case study on risk management in Kruse Smith. In 2018, Kruse Smith implemented a new method for risk management for all levels in their organization and all phases of their construction projects. Ever since the new method was implemented, a lot of qualitative and quantitative data has been stored. Now, Kruse Smith wished to use the collected data to assess their methodology and its usage. In collaboration with these thesis’ supervisors, the following research question was formed: How does the risk management methodology contribute to the company’s risk management? In addition, the making of three sub-questions and further limitations helped set the scope of the master’s thesis. The knowledge background consists of the following: different aspects of risk management; the concept of Wisdom of Crowds – which is a central part of Kruse Smith’s risk management methodology; a short explanation for sample space, and theory on early warning signs – a topic particularly relevant for one of the sub-questions. A combination of literature study, observations, content analysis on Kruse Smith’s stored risk data, and interviews of company personnel have been used to answer the research question. Some of the main findings are that: the company’s management now has a wider overview of the company’s total risk exposure; they have gotten clearly defined risk management processes and a defined risk culture; more people are now involved in the risk management; and that it is challenging to use the risk data for continuous improvement in its current state.