This comparative study examines the moderating role of risk management in project
planning and project success in the construction business of the UK and Pakistan. The
data was gathered from 152 project managers (76 from both economies each) using
a survey questionnaire. The purposive sampling technique was used to ensure fair
representation of sample size and the RAND formula was used to select the project
managers. For quantitative analysis, partial least square structural equation modelling
technique was utilised. The results confirmed that project planning had a statistically
significant impact on project success. Furthermore, risk management significantly
moderated the relationship between project planning and project success in the
construction businesses despite being in two different economies. The paper
contributes to the enhancement of the body of knowledge intended for global
companies and academicians aiming to implement risk management frameworks to
enhance project success and ensure the effectiveness of project planning in
a competitive business environment. It offers a new perspective to investigate the
relationship between project planning and project success through moderating the
effect of risk management, which is a new theoretical dimension for construction
business and the field of project management. It is proposed to the governments and
construction businesses operating in the UK and Pakistan to validate the empirical
research framework in the cross-cultural context while assessing risk and uncertainty.
It helps the construction business in the evaluation of risk while planning and
successfully implementing project strategies.
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