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Risk management implementation in the Klang Valley construction industry from contractors perspective / Noor Fara Waheeda Ismail

Construction is one of the highest risk business exist. Generally the overrun of the cost and time in project are mainly caused by risks. However, it was found that although the risk management process in Malaysian construction industry has been introduced, most of them are not well structured and n...

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Main Author: Ismail, Noor Fara Waheeda
Format: Student Project
Language:English
Published: Faculty of Architecture, Planning and Surveying 2013
Online Access:http://ir.uitm.edu.my/id/eprint/16580/2/PPb_NOOR%20FARA%20WAHEEDA%20ISMAIL%20AP%2013_5.pdf
http://ir.uitm.edu.my/id/eprint/16580/
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spelling my.uitm.ir.165802019-09-10T02:40:20Z http://ir.uitm.edu.my/id/eprint/16580/ Risk management implementation in the Klang Valley construction industry from contractors perspective / Noor Fara Waheeda Ismail Ismail, Noor Fara Waheeda Construction is one of the highest risk business exist. Generally the overrun of the cost and time in project are mainly caused by risks. However, it was found that although the risk management process in Malaysian construction industry has been introduced, most of them are not well structured and not implemented in a formal maimer. Many contractors still have a poor level of awareness in the application of risk management. Therefore, there are still high risks arise in Malaysian construction industry. As a result, this has led contractors struggling to complete the contract on schedule, within the clients budget and quality parameters. The risks naturally exist in every construction projects and they are hardly to eliminate. Contractor often has negative view on risk management. A wider understanding on the relevance and characteristics in risk management is needed. This mean its essential for contractor parties to understand well in risk management. Thus the objective of this study was to recommend factors to improve the implementation of risk management in construction projects and also include risk management as part of a construction project where contractors usually have a higher chance to face the project risk and their impacts more frequently. Therefore, in order to conduct this study, Quantitative method has been selected. Quantitative method involves in administrating questionnaire and interviews to the sample group to collect required data. Faculty of Architecture, Planning and Surveying 2013 Student Project NonPeerReviewed text en http://ir.uitm.edu.my/id/eprint/16580/2/PPb_NOOR%20FARA%20WAHEEDA%20ISMAIL%20AP%2013_5.pdf Ismail, Noor Fara Waheeda (2013) Risk management implementation in the Klang Valley construction industry from contractors perspective / Noor Fara Waheeda Ismail. [Student Project] (Unpublished)
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
description Construction is one of the highest risk business exist. Generally the overrun of the cost and time in project are mainly caused by risks. However, it was found that although the risk management process in Malaysian construction industry has been introduced, most of them are not well structured and not implemented in a formal maimer. Many contractors still have a poor level of awareness in the application of risk management. Therefore, there are still high risks arise in Malaysian construction industry. As a result, this has led contractors struggling to complete the contract on schedule, within the clients budget and quality parameters. The risks naturally exist in every construction projects and they are hardly to eliminate. Contractor often has negative view on risk management. A wider understanding on the relevance and characteristics in risk management is needed. This mean its essential for contractor parties to understand well in risk management. Thus the objective of this study was to recommend factors to improve the implementation of risk management in construction projects and also include risk management as part of a construction project where contractors usually have a higher chance to face the project risk and their impacts more frequently. Therefore, in order to conduct this study, Quantitative method has been selected. Quantitative method involves in administrating questionnaire and interviews to the sample group to collect required data.
format Student Project
author Ismail, Noor Fara Waheeda
spellingShingle Ismail, Noor Fara Waheeda
Risk management implementation in the Klang Valley construction industry from contractors perspective / Noor Fara Waheeda Ismail
author_facet Ismail, Noor Fara Waheeda
author_sort Ismail, Noor Fara Waheeda
title Risk management implementation in the Klang Valley construction industry from contractors perspective / Noor Fara Waheeda Ismail
title_short Risk management implementation in the Klang Valley construction industry from contractors perspective / Noor Fara Waheeda Ismail
title_full Risk management implementation in the Klang Valley construction industry from contractors perspective / Noor Fara Waheeda Ismail
title_fullStr Risk management implementation in the Klang Valley construction industry from contractors perspective / Noor Fara Waheeda Ismail
title_full_unstemmed Risk management implementation in the Klang Valley construction industry from contractors perspective / Noor Fara Waheeda Ismail
title_sort risk management implementation in the klang valley construction industry from contractors perspective / noor fara waheeda ismail
publisher Faculty of Architecture, Planning and Surveying
publishDate 2013
url http://ir.uitm.edu.my/id/eprint/16580/2/PPb_NOOR%20FARA%20WAHEEDA%20ISMAIL%20AP%2013_5.pdf
http://ir.uitm.edu.my/id/eprint/16580/
_version_ 1685648821921513472
score 13.211869

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