Systematic critical review of Risk Management in Malaysian construction companies

In recent times, the Malaysian construction companies have been bedevilled by myriads of risk issues which have hampered their smooth operations. Emerging evidence has therefore revealed that the process of developing risk management is still at the primitive stage in many Malaysian construc...

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Main Authors: Omer, Manal Suliman, Adeleke, A. Q.
Format: Article
Language:English
Published: Al-Khindi 2019
Subjects:
Online Access:http://umpir.ump.edu.my/id/eprint/30657/
http://umpir.ump.edu.my/id/eprint/30657/1/MTpaper1.pdf
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author Omer, Manal Suliman
Adeleke, A. Q.
author_facet Omer, Manal Suliman
Adeleke, A. Q.
author_sort Omer, Manal Suliman
building UMP Institutional Repository
collection Online Access
description In recent times, the Malaysian construction companies have been bedevilled by myriads of risk issues which have hampered their smooth operations. Emerging evidence has therefore revealed that the process of developing risk management is still at the primitive stage in many Malaysian construction companies. The need then arises for an adequate risk management study in order to curtail the inherent danger to the productivities of Malaysian construction company. The application of an effective risk management helps in the improvement of performance of any project with respect to the tripods of cost, time and quality. The paper follows an earlier work published by many researchers in which the authors analyzed the global construction industry with focus on the evolution of risk management. The future of construction is exciting in which international markets; technological innovations, and construction project management techniques and new relationships across disciplines, are all avenues for development. To make the best use of the opportunities, the MCI must invest in research and development (R&D), undertake public education about the field and develop new methodologies to improve operational performance in construction. This study proposed future direction in the management of some selection risk using a systematic review of related researches
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spelling ump-306572021-02-09T03:33:17Z http://umpir.ump.edu.my/id/eprint/30657/ Systematic critical review of Risk Management in Malaysian construction companies Omer, Manal Suliman Adeleke, A. Q. HD Industries. Land use. Labor HD61 Risk Management In recent times, the Malaysian construction companies have been bedevilled by myriads of risk issues which have hampered their smooth operations. Emerging evidence has therefore revealed that the process of developing risk management is still at the primitive stage in many Malaysian construction companies. The need then arises for an adequate risk management study in order to curtail the inherent danger to the productivities of Malaysian construction company. The application of an effective risk management helps in the improvement of performance of any project with respect to the tripods of cost, time and quality. The paper follows an earlier work published by many researchers in which the authors analyzed the global construction industry with focus on the evolution of risk management. The future of construction is exciting in which international markets; technological innovations, and construction project management techniques and new relationships across disciplines, are all avenues for development. To make the best use of the opportunities, the MCI must invest in research and development (R&D), undertake public education about the field and develop new methodologies to improve operational performance in construction. This study proposed future direction in the management of some selection risk using a systematic review of related researches Al-Khindi 2019-09-30 Article PeerReviewed pdf en http://umpir.ump.edu.my/id/eprint/30657/1/MTpaper1.pdf Omer, Manal Suliman and Adeleke, A. Q. (2019) Systematic critical review of Risk Management in Malaysian construction companies. Journal of Humanities and Social Sciences Studies (JHSS), 1 (5). pp. 60-70. ISSN 2663-7197. (Published) http://www.hsss.org
spellingShingle HD Industries. Land use. Labor
HD61 Risk Management
Omer, Manal Suliman
Adeleke, A. Q.
Systematic critical review of Risk Management in Malaysian construction companies
title Systematic critical review of Risk Management in Malaysian construction companies
title_full Systematic critical review of Risk Management in Malaysian construction companies
title_fullStr Systematic critical review of Risk Management in Malaysian construction companies
title_full_unstemmed Systematic critical review of Risk Management in Malaysian construction companies
title_short Systematic critical review of Risk Management in Malaysian construction companies
title_sort systematic critical review of risk management in malaysian construction companies
topic HD Industries. Land use. Labor
HD61 Risk Management
url http://umpir.ump.edu.my/id/eprint/30657/
http://umpir.ump.edu.my/id/eprint/30657/
http://umpir.ump.edu.my/id/eprint/30657/1/MTpaper1.pdf