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Managing risk in construction projects and sustainability: evidence from Malaysia

Prior literature defines risk management as the process of identifying and analysing the project risks and choosing the appropriate actions to remove the threats from any project. It is claimed that there are many risks involved in construction projects because the construction life cycle is filled...

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Main Authors: Nasruddina, Adibah Syahirah, Mustapha, Mazlina
Format: Article
Language:English
Published: Primrose Hall Publishing Group 2019
Online Access:http://psasir.upm.edu.my/id/eprint/81276/1/Managing%20risk%20in%20construction%20projects%20.pdf
http://psasir.upm.edu.my/id/eprint/81276/
https://www.ijicc.net/index.php/volume-8-2019/141-vol-8-iss-12
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spelling my.upm.eprints.812762021-10-16T22:15:29Z http://psasir.upm.edu.my/id/eprint/81276/ Managing risk in construction projects and sustainability: evidence from Malaysia Nasruddina, Adibah Syahirah Mustapha, Mazlina Prior literature defines risk management as the process of identifying and analysing the project risks and choosing the appropriate actions to remove the threats from any project. It is claimed that there are many risks involved in construction projects because the construction life cycle is filled with different risks at different stages of project development. Once the risks are identified, it is necessary to develop the appropriate risk management responses to detect any ordinary causes to deal with them. Thus, this study aims to examine the technical risks involved in property development project. Specifically, this study examines the technical risk implemented by construction companies. In addition, the risk response taken by the companies are also investigated. The study employs a qualitative method, where interviews were conducted with the contractors and developers of the construction projects. The findings show that technical risks are important as they can greatly affect the completion of construction projects, such as inaccurate project design, frequent change of drawings, and a shortage of material. This study contributes to the literature related to the risk management of construction companies, and it provides information to the key project participants about the importance of adopting a systematic and effective risk management to ensure successful property development projects. Primrose Hall Publishing Group 2019 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/81276/1/Managing%20risk%20in%20construction%20projects%20.pdf Nasruddina, Adibah Syahirah and Mustapha, Mazlina (2019) Managing risk in construction projects and sustainability: evidence from Malaysia. International Journal of Innovation, Creativity and Change, 8 (12). pp. 1-17. ISSN 2201-1323 https://www.ijicc.net/index.php/volume-8-2019/141-vol-8-iss-12
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
description Prior literature defines risk management as the process of identifying and analysing the project risks and choosing the appropriate actions to remove the threats from any project. It is claimed that there are many risks involved in construction projects because the construction life cycle is filled with different risks at different stages of project development. Once the risks are identified, it is necessary to develop the appropriate risk management responses to detect any ordinary causes to deal with them. Thus, this study aims to examine the technical risks involved in property development project. Specifically, this study examines the technical risk implemented by construction companies. In addition, the risk response taken by the companies are also investigated. The study employs a qualitative method, where interviews were conducted with the contractors and developers of the construction projects. The findings show that technical risks are important as they can greatly affect the completion of construction projects, such as inaccurate project design, frequent change of drawings, and a shortage of material. This study contributes to the literature related to the risk management of construction companies, and it provides information to the key project participants about the importance of adopting a systematic and effective risk management to ensure successful property development projects.
format Article
author Nasruddina, Adibah Syahirah
Mustapha, Mazlina
spellingShingle Nasruddina, Adibah Syahirah
Mustapha, Mazlina
Managing risk in construction projects and sustainability: evidence from Malaysia
author_facet Nasruddina, Adibah Syahirah
Mustapha, Mazlina
author_sort Nasruddina, Adibah Syahirah
title Managing risk in construction projects and sustainability: evidence from Malaysia
title_short Managing risk in construction projects and sustainability: evidence from Malaysia
title_full Managing risk in construction projects and sustainability: evidence from Malaysia
title_fullStr Managing risk in construction projects and sustainability: evidence from Malaysia
title_full_unstemmed Managing risk in construction projects and sustainability: evidence from Malaysia
title_sort managing risk in construction projects and sustainability: evidence from malaysia
publisher Primrose Hall Publishing Group
publishDate 2019
url http://psasir.upm.edu.my/id/eprint/81276/1/Managing%20risk%20in%20construction%20projects%20.pdf
http://psasir.upm.edu.my/id/eprint/81276/
https://www.ijicc.net/index.php/volume-8-2019/141-vol-8-iss-12
_version_ 1715191557083103232
score 13.211869

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