Article2010

Business continuity management in large construction companies in Singapore

Sui Pheng Low · Junying Liu · Stephen Sio

50 citations0/0 files storedDisaster Prevention and Management An International Journal

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Supply Chain Resilience and Risk Management Construction Project Management and Performance Disaster Management and Resilience

Abstract

Purpose The aim of this study is to determine whether large construction companies practise business continuity management (BCM), the type of crises which companies deem impactful for their organizations and their reactions to certain crises. Design/methodology/approach A survey of 22 large construction companies in Singapore was conducted. Findings The survey suggests that, although the importance and usefulness of having BCM are clear, the receptiveness of BCM among large construction firms is far from ideal. In today's unpredictable environment, there is a tendency for catastrophes to occur unexpectedly and to bring about undesired consequences. A large majority of the respondents did not have any form of BCM practices within their organization. This is mainly because they were unaware of what constitutes a business continuity plan. Research limitations/implications The survey was conducted only among large construction companies; as such, the results obtained cannot be used to represent the entire industry. However, focusing on the larger companies is strategically correct for a start, because BCM‐related initiatives, if any, tend to be undertaken by the larger companies, as they have the necessary resources, such as manpower and finance, to do so. Practical implications To be successful in promoting BCM in the building industry, the relevant authorities in Singapore, such as the Building and Construction Authority, should demonstrate to construction companies how beneficial BCM is for the company's operations, so that they can be better equipped to meet future challenges more confidently. Originality/value As with all other businesses, an effective business continuity plan is critical to companies in the construction industry. Being in an industry that is constantly subjected to internal and external pressure, construction companies are likely to incur costly errors if they are caught unprepared when a crisis strikes. This is the first ever study of BCM in the construction industry.

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References

1992Crisis in Organizations: Managing and Communicating in the Heat of Chaos 2010Business Continuity Management: A Standards-Based Approach 2003Business Continuity Management. A Crisis Management Approach 2001The Definitive Handbook of Business Continuity Management 2010Business continuity planning methodology 2000Coping with the Asian financial crisis : the Singapore experience

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2023Business continuity management and organizational resilience: A small and medium enterprises (SMEs) perspective 2023Systematic literature review of Business Continuity Management (BCM) practices: Integrating organisational resilience and performance in Small and medium enterprises (SMEs) BCM framework 2015Interdisciplinary Review of Business Continuity from an Information Systems Perspective: Toward an Integrative Framework 2020Impact of Natural Disasters on Construction Projects: Strategies to Prevent Cost and Schedule Overruns in Reconstruction Projects

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