Project Risk Management in Engineering Organization: A Systematic Analysis of Risk Management Practices and Project Performance

Author(s)	Mr. Lester Becongco Tibay
Country	Philippines
Abstract	This study explores how engineering organizations in the Philippines apply project risk management and whether these practices actually improve project outcomes. Although frameworks such as ISO 31000 are widely recognized, their real-world application often varies. Using a descriptive-correlational design, data were gathered from engineering professionals across multiple disciplines. The findings show that while risk management practices are generally present and moderately implemented, they do not have a statistically significant relationship with project performance in terms of schedule, cost, and quality. This suggests that simply having risk management processes in place is not enough. Instead, factors such as leadership support, organizational culture, and maturity level play a more critical role. The study highlights the need for deeper integration of risk management into organizational practices and proposes a strategic framework to strengthen implementation.
Keywords	risk management, engineering projects, project performance, ISO 31000, Philippines
Field	Engineering
Published In	Volume 8, Issue 3, May-June 2026
Published On	2026-05-07
DOI	https://doi.org/10.36948/ijfmr.2026.v08i03.77438

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