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Sources of risk and related effects in the Malaysian construction industry

The construction industry nowadays has higher complexities with increased scope of work, number of players involved and is technically more advanced. However, the industry does not give adequate attention to proper risk management. Key risks need to be identified and assessed and methods on risk mit...

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Bibliographic Details
Main Author: Wong, Timothy Leong Urn
Format: Final Year Project Report
Language:English
English
Published: Universiti Malaysia Sarawak, UNIMAS 2010
Subjects:
T Technology (General)
TH Building construction
Online Access:http://ir.unimas.my/id/eprint/7803/1/Timothy%20%20%2824pgs%29.pdf
http://ir.unimas.my/id/eprint/7803/4/Timothy%20%20%28fulltext%29.pdf
http://ir.unimas.my/id/eprint/7803/
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spelling my.unimas.ir.78032024-08-23T02:36:37Z http://ir.unimas.my/id/eprint/7803/ Sources of risk and related effects in the Malaysian construction industry Wong, Timothy Leong Urn T Technology (General) TH Building construction The construction industry nowadays has higher complexities with increased scope of work, number of players involved and is technically more advanced. However, the industry does not give adequate attention to proper risk management. Key risks need to be identified and assessed and methods on risk mitigation need to be mapped out to cater for these risks. Even the smallest mistake or unforeseen risk can lead to major lost and even bankruptcy to construction firms. Therefore, the aim of this paper is to provide a compilation of risk and effects of risk data for the Malaysian construction industry. The overall discussion will focus on the sources of risk related to each specific group; the direct effects of these risks, and also the correlation between the sources and effects. The data is collected by conducting structured questionnaire surveys and distributing it out to government agencies, quantity surveyors, consultants and contractors involved in the construction industry. An in depth study is also done on different methods of risk identification available in project management. Results of risk identification from other countries have been studied and compared to make this paper more comprehensive. It is hoped that through this research, a proper knowledge or risk retention centre can ultimately be created using the data compiled here and also from future research. Data can also be extracted from this centre to aid accurate qualitative and quantitative risk analysis. This is crucial for future risk assessments and management for the construction industry. Universiti Malaysia Sarawak, UNIMAS 2010 Final Year Project Report NonPeerReviewed text en http://ir.unimas.my/id/eprint/7803/1/Timothy%20%20%2824pgs%29.pdf text en http://ir.unimas.my/id/eprint/7803/4/Timothy%20%20%28fulltext%29.pdf Wong, Timothy Leong Urn (2010) Sources of risk and related effects in the Malaysian construction industry. [Final Year Project Report] (Unpublished)
institution Universiti Malaysia Sarawak
building Centre for Academic Information Services (CAIS)
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Sarawak
content_source UNIMAS Institutional Repository
url_provider http://ir.unimas.my/
language English
English
topic T Technology (General)
TH Building construction
spellingShingle T Technology (General)
TH Building construction
Wong, Timothy Leong Urn
Sources of risk and related effects in the Malaysian construction industry
description The construction industry nowadays has higher complexities with increased scope of work, number of players involved and is technically more advanced. However, the industry does not give adequate attention to proper risk management. Key risks need to be identified and assessed and methods on risk mitigation need to be mapped out to cater for these risks. Even the smallest mistake or unforeseen risk can lead to major lost and even bankruptcy to construction firms. Therefore, the aim of this paper is to provide a compilation of risk and effects of risk data for the Malaysian construction industry. The overall discussion will focus on the sources of risk related to each specific group; the direct effects of these risks, and also the correlation between the sources and effects. The data is collected by conducting structured questionnaire surveys and distributing it out to government agencies, quantity surveyors, consultants and contractors involved in the construction industry. An in depth study is also done on different methods of risk identification available in project management. Results of risk identification from other countries have been studied and compared to make this paper more comprehensive. It is hoped that through this research, a proper knowledge or risk retention centre can ultimately be created using the data compiled here and also from future research. Data can also be extracted from this centre to aid accurate qualitative and quantitative risk analysis. This is crucial for future risk assessments and management for the construction industry.
format Final Year Project Report
author Wong, Timothy Leong Urn
author_facet Wong, Timothy Leong Urn
author_sort Wong, Timothy Leong Urn
title Sources of risk and related effects in the Malaysian construction industry
title_short Sources of risk and related effects in the Malaysian construction industry
title_full Sources of risk and related effects in the Malaysian construction industry
title_fullStr Sources of risk and related effects in the Malaysian construction industry
title_full_unstemmed Sources of risk and related effects in the Malaysian construction industry
title_sort sources of risk and related effects in the malaysian construction industry
publisher Universiti Malaysia Sarawak, UNIMAS
publishDate 2010
url http://ir.unimas.my/id/eprint/7803/1/Timothy%20%20%2824pgs%29.pdf
http://ir.unimas.my/id/eprint/7803/4/Timothy%20%20%28fulltext%29.pdf
http://ir.unimas.my/id/eprint/7803/
_version_ 1808981454256865280
score 13.211869

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