Risk Management Assessment for Partnering Projects in the Malaysian Construction Industry
The Partnering concept is not a new way of doing business. The partnering process establishes the working relationship among the parties (stakeholders) through a mutually-developed, formal strategy of commitment and communication. It attempts to create an environment where trust and teamwork prevent...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English English |
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2008
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| Online Access: | http://psasir.upm.edu.my/id/eprint/7513/ http://psasir.upm.edu.my/id/eprint/7513/1/Risk%20Management%20Assessment%20for%20Partnering%20Projects%20in%20the%20Malaysian%20Construction%20Industry.pdf |
| _version_ | 1848840615500972032 |
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| author | Adnan, Hamimah Rahmat, Mohd Nidzam Mazali, Nur Fatanah Nadiah Jusoff, Kamaruzaman |
| author_facet | Adnan, Hamimah Rahmat, Mohd Nidzam Mazali, Nur Fatanah Nadiah Jusoff, Kamaruzaman |
| author_sort | Adnan, Hamimah |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | The Partnering concept is not a new way of doing business. The partnering process establishes the working relationship among the parties (stakeholders) through a mutually-developed, formal strategy of commitment and communication. It attempts to create an environment where trust and teamwork prevent disputes, co-operative bonds are fostered for everyone’s benefit and the completion of successful project is facilitated. The Construction industry in Malaysia is suffering constraints in the processes of construction procurement. Thus, partnering is used as an approach in procurement that could lead toward improving performance of the construction industry in Malaysia. Organizations which have used partnering for construction projects are now reporting favourable results, which include the decreased costs, quality improvement and delivery of project to programme. Partnering has reached many benefits in terms of project cost, time quality, build ability and etc. Despite the benefits in applying the partnering procurement method, there remains risks associated with this mode of construction.
From the literature review it was found that the risk management process and partnering are critical to the success of the project. A questionnaire survey was conducted on the sample in order to examine the criticality of risk factors and to identify the effectiveness of risk mitigation measures applied in partnering. The opinions and techniques of risk mitigation were gathered through. It was found that the most critical construction partnering risk is the partner’s financial resources, clients’ problems and economic conditions and financial problems among one of the partner. It is hope that the risk management programme will help to reduce the risks in the construction project in Malaysia.
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| first_indexed | 2025-11-15T07:30:10Z |
| format | Article |
| id | upm-7513 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English English |
| last_indexed | 2025-11-15T07:30:10Z |
| publishDate | 2008 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-75132015-12-04T08:02:09Z http://psasir.upm.edu.my/id/eprint/7513/ Risk Management Assessment for Partnering Projects in the Malaysian Construction Industry Adnan, Hamimah Rahmat, Mohd Nidzam Mazali, Nur Fatanah Nadiah Jusoff, Kamaruzaman The Partnering concept is not a new way of doing business. The partnering process establishes the working relationship among the parties (stakeholders) through a mutually-developed, formal strategy of commitment and communication. It attempts to create an environment where trust and teamwork prevent disputes, co-operative bonds are fostered for everyone’s benefit and the completion of successful project is facilitated. The Construction industry in Malaysia is suffering constraints in the processes of construction procurement. Thus, partnering is used as an approach in procurement that could lead toward improving performance of the construction industry in Malaysia. Organizations which have used partnering for construction projects are now reporting favourable results, which include the decreased costs, quality improvement and delivery of project to programme. Partnering has reached many benefits in terms of project cost, time quality, build ability and etc. Despite the benefits in applying the partnering procurement method, there remains risks associated with this mode of construction. From the literature review it was found that the risk management process and partnering are critical to the success of the project. A questionnaire survey was conducted on the sample in order to examine the criticality of risk factors and to identify the effectiveness of risk mitigation measures applied in partnering. The opinions and techniques of risk mitigation were gathered through. It was found that the most critical construction partnering risk is the partner’s financial resources, clients’ problems and economic conditions and financial problems among one of the partner. It is hope that the risk management programme will help to reduce the risks in the construction project in Malaysia. 2008 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/7513/1/Risk%20Management%20Assessment%20for%20Partnering%20Projects%20in%20the%20Malaysian%20Construction%20Industry.pdf Adnan, Hamimah and Rahmat, Mohd Nidzam and Mazali, Nur Fatanah Nadiah and Jusoff, Kamaruzaman (2008) Risk Management Assessment for Partnering Projects in the Malaysian Construction Industry. Journal of Politics and Law, 1 (1). pp. 76-81. ISSN 1913-9047 http://www.ccsenet.org/journal/index.php/jpl/article/viewFile/764 English |
| spellingShingle | Adnan, Hamimah Rahmat, Mohd Nidzam Mazali, Nur Fatanah Nadiah Jusoff, Kamaruzaman Risk Management Assessment for Partnering Projects in the Malaysian Construction Industry |
| title | Risk Management Assessment for Partnering Projects in the Malaysian Construction Industry |
| title_full | Risk Management Assessment for Partnering Projects in the Malaysian Construction Industry |
| title_fullStr | Risk Management Assessment for Partnering Projects in the Malaysian Construction Industry |
| title_full_unstemmed | Risk Management Assessment for Partnering Projects in the Malaysian Construction Industry |
| title_short | Risk Management Assessment for Partnering Projects in the Malaysian Construction Industry |
| title_sort | risk management assessment for partnering projects in the malaysian construction industry |
| url | http://psasir.upm.edu.my/id/eprint/7513/ http://psasir.upm.edu.my/id/eprint/7513/ http://psasir.upm.edu.my/id/eprint/7513/1/Risk%20Management%20Assessment%20for%20Partnering%20Projects%20in%20the%20Malaysian%20Construction%20Industry.pdf |