The Identification And Management Of Major Risks In The Malaysian Construction Industry
Effective risk management can bring greater rewards to project performance by enhancing productivity. The objectives of this study are to identify the major risks associated with the Malaysian construction industry and to evaluate the practical measures that the various local construction industr...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Penerbit Universiti Sains Malaysia
2013
|
| Subjects: | |
| Online Access: | http://eprints.usm.my/42023/ http://eprints.usm.my/42023/1/art2_jcdc18-1.pdf |
| _version_ | 1848879449394642944 |
|---|---|
| author | Cheng , Siew Goh Rahman, Hamzah Abdul |
| author_facet | Cheng , Siew Goh Rahman, Hamzah Abdul |
| author_sort | Cheng , Siew Goh |
| building | USM Institutional Repository |
| collection | Online Access |
| description | Effective risk management can bring greater rewards to project performance by
enhancing productivity. The objectives of this study are to identify the major risks associated
with the Malaysian construction industry and to evaluate the practical measures that the
various local construction industry players would take to respond to those risks. A mixed
method of questionnaire and interviews was used to investigate the current trend of risk
management implementation in the Malaysian construction industry. Financial risk and time
risk are found to be the major risks in terms of the occurrence frequency and the impacts. A
lack of knowledge and the associated costs of risk management application are the main
reasons given by local contractors who lag behind in implementing risk management in their
practices. It can be deduced that risk management is still at an early stage of development
in the Malaysian construction industry |
| first_indexed | 2025-11-15T17:47:24Z |
| format | Article |
| id | usm-42023 |
| institution | Universiti Sains Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T17:47:24Z |
| publishDate | 2013 |
| publisher | Penerbit Universiti Sains Malaysia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | usm-420232018-09-24T01:02:11Z http://eprints.usm.my/42023/ The Identification And Management Of Major Risks In The Malaysian Construction Industry Cheng , Siew Goh Rahman, Hamzah Abdul TH1-9745 Building construction Effective risk management can bring greater rewards to project performance by enhancing productivity. The objectives of this study are to identify the major risks associated with the Malaysian construction industry and to evaluate the practical measures that the various local construction industry players would take to respond to those risks. A mixed method of questionnaire and interviews was used to investigate the current trend of risk management implementation in the Malaysian construction industry. Financial risk and time risk are found to be the major risks in terms of the occurrence frequency and the impacts. A lack of knowledge and the associated costs of risk management application are the main reasons given by local contractors who lag behind in implementing risk management in their practices. It can be deduced that risk management is still at an early stage of development in the Malaysian construction industry Penerbit Universiti Sains Malaysia 2013 Article PeerReviewed application/pdf en http://eprints.usm.my/42023/1/art2_jcdc18-1.pdf Cheng , Siew Goh and Rahman, Hamzah Abdul (2013) The Identification And Management Of Major Risks In The Malaysian Construction Industry. Journal of Construction in Developing Countries , 18 (1). pp. 19-32. ISSN 1823-6499 http://web.usm.my/jcdc/vol18_1_2013/art2_jcdc18-1.pdf |
| spellingShingle | TH1-9745 Building construction Cheng , Siew Goh Rahman, Hamzah Abdul The Identification And Management Of Major Risks In The Malaysian Construction Industry |
| title | The Identification And Management Of Major Risks In The Malaysian
Construction Industry |
| title_full | The Identification And Management Of Major Risks In The Malaysian
Construction Industry |
| title_fullStr | The Identification And Management Of Major Risks In The Malaysian
Construction Industry |
| title_full_unstemmed | The Identification And Management Of Major Risks In The Malaysian
Construction Industry |
| title_short | The Identification And Management Of Major Risks In The Malaysian
Construction Industry |
| title_sort | identification and management of major risks in the malaysian
construction industry |
| topic | TH1-9745 Building construction |
| url | http://eprints.usm.my/42023/ http://eprints.usm.my/42023/ http://eprints.usm.my/42023/1/art2_jcdc18-1.pdf |