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...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Primrose Hall Publishing Group
2019
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| Online Access: | http://psasir.upm.edu.my/id/eprint/81276/ http://psasir.upm.edu.my/id/eprint/81276/1/Managing%20risk%20in%20construction%20projects%20.pdf |
| _version_ | 1848859065496633344 |
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| author | Nasruddina, Adibah Syahirah Mustapha, Mazlina |
| author_facet | Nasruddina, Adibah Syahirah Mustapha, Mazlina |
| author_sort | Nasruddina, Adibah Syahirah |
| building | UPM Institutional Repository |
| collection | Online Access |
| 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. |
| first_indexed | 2025-11-15T12:23:25Z |
| format | Article |
| id | upm-81276 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T12:23:25Z |
| publishDate | 2019 |
| publisher | Primrose Hall Publishing Group |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-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 |
| spellingShingle | Nasruddina, Adibah Syahirah Mustapha, Mazlina Managing risk in construction projects and sustainability: evidence from Malaysia |
| title | 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_short | Managing risk in construction projects and sustainability: evidence from Malaysia |
| title_sort | managing risk in construction projects and sustainability: evidence from malaysia |
| url | http://psasir.upm.edu.my/id/eprint/81276/ http://psasir.upm.edu.my/id/eprint/81276/ http://psasir.upm.edu.my/id/eprint/81276/1/Managing%20risk%20in%20construction%20projects%20.pdf |