Clients’ Perspectives of Risk Management Practice in Malaysian Construction Industry

This research is focuses on the practice of risk management (RM) in Client’s organization and aims to identify the level of awareness among construction professionals towards risk management and to examine the policy undertaken when dealing with risks in a construction project. Apart from that, it...

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Main Authors: Mohd Yusuwan, Norazian, Adnan, Hamimah, Omar, Ahmad Faris
Format: Article
Language:English
English
Published: 2008
Online Access:http://psasir.upm.edu.my/id/eprint/7621/
http://psasir.upm.edu.my/id/eprint/7621/1/Clients.pdf
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author Mohd Yusuwan, Norazian
Adnan, Hamimah
Omar, Ahmad Faris
author_facet Mohd Yusuwan, Norazian
Adnan, Hamimah
Omar, Ahmad Faris
author_sort Mohd Yusuwan, Norazian
building UPM Institutional Repository
collection Online Access
description This research is focuses on the practice of risk management (RM) in Client’s organization and aims to identify the level of awareness among construction professionals towards risk management and to examine the policy undertaken when dealing with risks in a construction project. Apart from that, it also aims to identify the problems and challenges for the implementation of risk management in Klang Valley, Malaysia. Questionnaire survey and interviews were carried out in order to obtain a better view on the implementation of risk management in the Malaysian construction industry. It was found that construction professional especially those who are working in client’s organisation are slowly accepting risk management as a management tool that will help in managing a construction project effectively and successfully. Based on the findings of the questionnaires and interviews there are a number of construction professionals who know about risk management and who have attended training and some of them have even practice risk management in their organizations. At least, it has been proven that there are organizations that have implemented risk management in their operations although this is only on a small scale. It can be concluded that risk management still has a long way to go in order to be accepted and recognized in the Malaysian construction industry.
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spelling upm-76212015-10-23T07:30:19Z http://psasir.upm.edu.my/id/eprint/7621/ Clients’ Perspectives of Risk Management Practice in Malaysian Construction Industry Mohd Yusuwan, Norazian Adnan, Hamimah Omar, Ahmad Faris This research is focuses on the practice of risk management (RM) in Client’s organization and aims to identify the level of awareness among construction professionals towards risk management and to examine the policy undertaken when dealing with risks in a construction project. Apart from that, it also aims to identify the problems and challenges for the implementation of risk management in Klang Valley, Malaysia. Questionnaire survey and interviews were carried out in order to obtain a better view on the implementation of risk management in the Malaysian construction industry. It was found that construction professional especially those who are working in client’s organisation are slowly accepting risk management as a management tool that will help in managing a construction project effectively and successfully. Based on the findings of the questionnaires and interviews there are a number of construction professionals who know about risk management and who have attended training and some of them have even practice risk management in their organizations. At least, it has been proven that there are organizations that have implemented risk management in their operations although this is only on a small scale. It can be concluded that risk management still has a long way to go in order to be accepted and recognized in the Malaysian construction industry. 2008 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/7621/1/Clients.pdf Mohd Yusuwan, Norazian and Adnan, Hamimah and Omar, Ahmad Faris (2008) Clients’ Perspectives of Risk Management Practice in Malaysian Construction Industry. Journal of Politics and Law, 1 (3). pp. 121-131. ISSN 1913-9047 http://www.ccsenet.org/journal/index.php/jpl/article/view/726 English
spellingShingle Mohd Yusuwan, Norazian
Adnan, Hamimah
Omar, Ahmad Faris
Clients’ Perspectives of Risk Management Practice in Malaysian Construction Industry
title Clients’ Perspectives of Risk Management Practice in Malaysian Construction Industry
title_full Clients’ Perspectives of Risk Management Practice in Malaysian Construction Industry
title_fullStr Clients’ Perspectives of Risk Management Practice in Malaysian Construction Industry
title_full_unstemmed Clients’ Perspectives of Risk Management Practice in Malaysian Construction Industry
title_short Clients’ Perspectives of Risk Management Practice in Malaysian Construction Industry
title_sort clients’ perspectives of risk management practice in malaysian construction industry
url http://psasir.upm.edu.my/id/eprint/7621/
http://psasir.upm.edu.my/id/eprint/7621/
http://psasir.upm.edu.my/id/eprint/7621/1/Clients.pdf