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A study of risk management in construction procurement project

Construction is well known as a high-risk project as it involves in lot of uncertainty at which it must be carefully managed. In risk management it is contractor’s job to take the risk or to avoid the risk in their construction project. Some of them also may take some action in order to reduce the r...

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Main Author: Rozma Muhamad, Ridzwan
Format: Undergraduates Project Papers
Language:English
Published: 2014
Subjects:
HD61 Risk Management
Online Access:http://umpir.ump.edu.my/id/eprint/10739/1/39.A%20STUDY%20OF%20RISK%20MANAGEMENT%20IN.pdf
http://umpir.ump.edu.my/id/eprint/10739/
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spelling my.ump.umpir.107392023-03-09T08:04:46Z http://umpir.ump.edu.my/id/eprint/10739/ A study of risk management in construction procurement project Rozma Muhamad, Ridzwan HD61 Risk Management Construction is well known as a high-risk project as it involves in lot of uncertainty at which it must be carefully managed. In risk management it is contractor’s job to take the risk or to avoid the risk in their construction project. Some of them also may take some action in order to reduce the risk in their construction project. In construction project we always heard about the project is over schedule, project over budget, low quality of project, problems with the tender, problem with the client, problem with the sub-contractor and etc. Hence, this research is to study the possible risk in construction project, to determine the level of awareness of the procurement risk among contractor in construction project and lastly to identify the tools and technique used in managing risk of construction procurement process. This method of research is both qualitative and quantitative based. A questionnaire survey and interview was conducted to collect data from contractor Grade 1. Questionnaire surveys were distributed to 118 respondents from construction firms in Pasir Puteh area and three Grade 1 contractors was interviewed. The data collected is calculated using the percentage analysis. The result shown that financial, management, time and technical are the risk that involved in construction and the level of awareness of risk among the contractors are high. The contractors also have their own tools and technique in managing risk in construction procurement. In conclusion, the risk in construction is not a small issues in construction and the contractor must take quick action in managing the risk in construction 2014-11 Undergraduates Project Papers NonPeerReviewed pdf en http://umpir.ump.edu.my/id/eprint/10739/1/39.A%20STUDY%20OF%20RISK%20MANAGEMENT%20IN.pdf Rozma Muhamad, Ridzwan (2014) A study of risk management in construction procurement project. Faculty of Industrial Management, Universiti Malaysia Pahang.
institution Universiti Malaysia Pahang
building UMP Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Pahang
content_source UMP Institutional Repository
url_provider http://umpir.ump.edu.my/
language English
topic HD61 Risk Management
spellingShingle HD61 Risk Management
Rozma Muhamad, Ridzwan
A study of risk management in construction procurement project
description Construction is well known as a high-risk project as it involves in lot of uncertainty at which it must be carefully managed. In risk management it is contractor’s job to take the risk or to avoid the risk in their construction project. Some of them also may take some action in order to reduce the risk in their construction project. In construction project we always heard about the project is over schedule, project over budget, low quality of project, problems with the tender, problem with the client, problem with the sub-contractor and etc. Hence, this research is to study the possible risk in construction project, to determine the level of awareness of the procurement risk among contractor in construction project and lastly to identify the tools and technique used in managing risk of construction procurement process. This method of research is both qualitative and quantitative based. A questionnaire survey and interview was conducted to collect data from contractor Grade 1. Questionnaire surveys were distributed to 118 respondents from construction firms in Pasir Puteh area and three Grade 1 contractors was interviewed. The data collected is calculated using the percentage analysis. The result shown that financial, management, time and technical are the risk that involved in construction and the level of awareness of risk among the contractors are high. The contractors also have their own tools and technique in managing risk in construction procurement. In conclusion, the risk in construction is not a small issues in construction and the contractor must take quick action in managing the risk in construction
format Undergraduates Project Papers
author Rozma Muhamad, Ridzwan
author_facet Rozma Muhamad, Ridzwan
author_sort Rozma Muhamad, Ridzwan
title A study of risk management in construction procurement project
title_short A study of risk management in construction procurement project
title_full A study of risk management in construction procurement project
title_fullStr A study of risk management in construction procurement project
title_full_unstemmed A study of risk management in construction procurement project
title_sort study of risk management in construction procurement project
publishDate 2014
url http://umpir.ump.edu.my/id/eprint/10739/1/39.A%20STUDY%20OF%20RISK%20MANAGEMENT%20IN.pdf
http://umpir.ump.edu.my/id/eprint/10739/
_version_ 1761616550897385472
score 13.211869

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