Enhancing the Golden Triangle (Cost, Time, Quality) in Infrastructure Projects through Risk Management: A Case Study of the Algiers Metro Project

The Golden Triangle consisting of cost, time and quality serves as a fundamental framework for assessing the success of infrastructure projects.Effective risk management is critical for optimising these interconnected dimensions by proactively identifying potential threats implementing risk mitigation strategies and ensuring project control.This study investigates the application of the international standard ISO 31000:2018 in enhancing the Golden Triangle's dimensions-time management, cost optimization and quality assurance-within the context of large-scale infrastructure projects.A qualitative research methodology was employed incorporating semi-structured interviews, document analysis and site observations to collect comprehensive data.Analytical techniques such as Failure Modes and Effects Analysis (FMEA), Bow-Tie analysis and Fishbone diagrams were utilised to prioritise risks, examine preventive measures and identify underlying causes.A total of forty-three (43) critical risks were identified as having significant impacts on the performance of the Algiers Metro project.The findings revealed that the implementation of a structured risk management approach improved adherence to project timelines, optimised cost control and ensured the delivery of quality outcomes.The integration of ISO 31000:2018 principles in conjunction with tailored analytical tools was found to add considerable value providing practical insights for improving infrastructure project performance.This work underscores the importance of systematic risk management and its role in enhancing the efficiency and success of large infrastructure projects.

Authors

Institutions

Publication Details

Journal
Journal of corporate governance insurance and risk management
Published
2024-12-31
DOI
https://doi.org/10.56578/jcgirm110403
Primary Topic
Construction Project Management and Performance
Type
article
Field-Weighted Citation Impact
0.00
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

Enhancing the Golden Triangle (Cost, Time, Quality) in Infrastructure Projects through Risk Management: A Case Study of the Algiers Metro Project

Mehdi Bouchetara, Wissam Belimane, Imene Mohammedi
Journal of corporate governance insurance and risk management
Construction Project Management and Performance
article

Enhancing the Golden Triangle (Cost, Time, Quality) in Infrastructure Projects through Risk Management: A Case Study of the Algiers Metro Project

Mehdi Bouchetara, Wissam Belimane, Imene Mohammedi
article en

Abstract

The Golden Triangle consisting of cost, time and quality serves as a fundamental framework for assessing the success of infrastructure projects.Effective risk management is critical for optimising these interconnected dimensions by proactively identifying potential threats implementing risk mitigation strategies and ensuring project control.This study investigates the application of the international standard ISO 31000:2018 in enhancing the Golden Triangle's dimensions-time management, cost optimization and quality assurance-within the context of large-scale infrastructure projects.A qualitative research methodology was employed incorporating semi-structured interviews, document analysis and site observations to collect comprehensive data.Analytical techniques such as Failure Modes and Effects Analysis (FMEA), Bow-Tie analysis and Fishbone diagrams were utilised to prioritise risks, examine preventive measures and identify underlying causes.A total of forty-three (43) critical risks were identified as having significant impacts on the performance of the Algiers Metro project.The findings revealed that the implementation of a structured risk management approach improved adherence to project timelines, optimised cost control and ensured the delivery of quality outcomes.The integration of ISO 31000:2018 principles in conjunction with tailored analytical tools was found to add considerable value providing practical insights for improving infrastructure project performance.This work underscores the importance of systematic risk management and its role in enhancing the efficiency and success of large infrastructure projects.

Journal of corporate governance insurance and risk managementVol. 11(4)
Higher National Veterinary School (DZ)
Industry, innovation and infrastructure
Openalex Percentile: Top 65%
Construction Project Management and Performance
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.