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Assessment of Environmental Risks in Construction Projects: A Case of Malaysia

Risk management is a concept which is increasingly becoming exceptional in a number of organizations. Several companies regularly set up a risk assessment procedure for performance improvement and profit maximization. In the construction industry, projects are enormously complex in nature and ofte...

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Main Authors: Ansah, Richard Hannis, Sorooshian, Shahryar, Shariman, Mustafa, Duvvuru, Gomanth
Format: Conference or Workshop Item
Language:English
Published: IEOM Society 2016
Subjects:
TH Building construction
Online Access:http://umpir.ump.edu.my/id/eprint/16029/1/fim-2016-sorooshian-253.pdf
http://umpir.ump.edu.my/id/eprint/16029/
http://ieomsociety.org/ieomdetroit/pdfs/253.pdf
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spelling my.ump.umpir.160292020-02-21T07:50:24Z http://umpir.ump.edu.my/id/eprint/16029/ Assessment of Environmental Risks in Construction Projects: A Case of Malaysia Ansah, Richard Hannis Sorooshian, Shahryar Shariman, Mustafa Duvvuru, Gomanth TH Building construction Risk management is a concept which is increasingly becoming exceptional in a number of organizations. Several companies regularly set up a risk assessment procedure for performance improvement and profit maximization. In the construction industry, projects are enormously complex in nature and often involves significant budgets, and therefore reducing risks associated with project development should be key for every project manager. In this paper, risks associated with external sources have been identified and investigated in a case study. The analysis of the risks has been presented using risk priority number (RPN) to determine the failure modes in projects. From the results, the top risks included availability of labors, lack of technical know-how , use of old methodologies, inefficient dissemination of information, changes in government regulations, unrealistic contract time frame, licensing, permit, documents approvals, change of government department heads, bribery and corruption, difficulty in accessing credit facilities, obsolete technology and tools, market competition and conditions, inertia in government bureaucracies, changes in taxes, and import and export restrictions. This study aims to provide a decision tool for establishing failure modes and their priorities in Malaysian construction projects, thus, avoiding the major costly impact of the risky variables to projects in terms of budget, time and quality considering the scarce resources of construction companies. IEOM Society 2016 Conference or Workshop Item PeerReviewed application/pdf en http://umpir.ump.edu.my/id/eprint/16029/1/fim-2016-sorooshian-253.pdf Ansah, Richard Hannis and Sorooshian, Shahryar and Shariman, Mustafa and Duvvuru, Gomanth (2016) Assessment of Environmental Risks in Construction Projects: A Case of Malaysia. In: Proceedings of the 2016 International Conference on Industrial Engineering and Operations Management, 23-25 September 2016 , Detroit, Michigan, USA. pp. 752-763.. ISBN 978-0-9855497-5-6 http://ieomsociety.org/ieomdetroit/pdfs/253.pdf
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 TH Building construction
spellingShingle TH Building construction
Ansah, Richard Hannis
Sorooshian, Shahryar
Shariman, Mustafa
Duvvuru, Gomanth
Assessment of Environmental Risks in Construction Projects: A Case of Malaysia
description Risk management is a concept which is increasingly becoming exceptional in a number of organizations. Several companies regularly set up a risk assessment procedure for performance improvement and profit maximization. In the construction industry, projects are enormously complex in nature and often involves significant budgets, and therefore reducing risks associated with project development should be key for every project manager. In this paper, risks associated with external sources have been identified and investigated in a case study. The analysis of the risks has been presented using risk priority number (RPN) to determine the failure modes in projects. From the results, the top risks included availability of labors, lack of technical know-how , use of old methodologies, inefficient dissemination of information, changes in government regulations, unrealistic contract time frame, licensing, permit, documents approvals, change of government department heads, bribery and corruption, difficulty in accessing credit facilities, obsolete technology and tools, market competition and conditions, inertia in government bureaucracies, changes in taxes, and import and export restrictions. This study aims to provide a decision tool for establishing failure modes and their priorities in Malaysian construction projects, thus, avoiding the major costly impact of the risky variables to projects in terms of budget, time and quality considering the scarce resources of construction companies.
format Conference or Workshop Item
author Ansah, Richard Hannis
Sorooshian, Shahryar
Shariman, Mustafa
Duvvuru, Gomanth
author_facet Ansah, Richard Hannis
Sorooshian, Shahryar
Shariman, Mustafa
Duvvuru, Gomanth
author_sort Ansah, Richard Hannis
title Assessment of Environmental Risks in Construction Projects: A Case of Malaysia
title_short Assessment of Environmental Risks in Construction Projects: A Case of Malaysia
title_full Assessment of Environmental Risks in Construction Projects: A Case of Malaysia
title_fullStr Assessment of Environmental Risks in Construction Projects: A Case of Malaysia
title_full_unstemmed Assessment of Environmental Risks in Construction Projects: A Case of Malaysia
title_sort assessment of environmental risks in construction projects: a case of malaysia
publisher IEOM Society
publishDate 2016
url http://umpir.ump.edu.my/id/eprint/16029/1/fim-2016-sorooshian-253.pdf
http://umpir.ump.edu.my/id/eprint/16029/
http://ieomsociety.org/ieomdetroit/pdfs/253.pdf
_version_ 1662754696244232192
score 13.211869

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