Informal risk management practices for cost overruns in Malaysian public linear projects / Marina Musa

The Malaysian construction industry is associated with a high degree of risk due to the nature of its business activities, process, environment and organisation. However, systematic risk management is not practiced in most public construction projects in Malaysia. This situation leads to project fai...

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Main Author:	Musa, Marina
Format:	Book Section
Language:	English
Published:	Institute of Graduate Studies, UiTM 2015
Subjects:	Risk management. Risk in industry. Operational risk
Online Access:	http://ir.uitm.edu.my/id/eprint/19468/ http://ir.uitm.edu.my/id/eprint/19468/1/ABS_MARINA%20MUSA%20TDRA%20VOL%208%20IGS%2015.pdf

id	uitm-19468
recordtype	eprints
spelling	uitm-194682018-06-12T01:26:25Z http://ir.uitm.edu.my/id/eprint/19468/ Informal risk management practices for cost overruns in Malaysian public linear projects / Marina Musa Musa, Marina Risk management. Risk in industry. Operational risk The Malaysian construction industry is associated with a high degree of risk due to the nature of its business activities, process, environment and organisation. However, systematic risk management is not practiced in most public construction projects in Malaysia. This situation leads to project failure such as cost overrun, schedule slip and poor quality performance. Risk management is important to improve project performance in term of cost, time and quality. There is little information on the way informal reactive risk management practice contributes either positively or negatively to the project outcomes. The aim of this study was to understand the influence of informal risk management practice to mitigate cost overruns in Malaysian linear-type public projects. It involved projects that had cost overruns and were supervised by Malaysian government technical agencies on behalf of Malaysian ministries and other government agencies. A qualitative-quantitative research methodology was used. The qualitative study involved interviews with a triad of client, consultant and contractor participants in 15 projects. Inductive content analysis produced 16 categories of risk factors, 3 categories of risk treatments, 6 categories of barriers to risk treatment usage and 5 categories of coping actions to overcome the barriers to risk treatment usage… Institute of Graduate Studies, UiTM 2015 Book Section PeerReviewed text en http://ir.uitm.edu.my/id/eprint/19468/1/ABS_MARINA%20MUSA%20TDRA%20VOL%208%20IGS%2015.pdf Musa, Marina (2015) Informal risk management practices for cost overruns in Malaysian public linear projects / Marina Musa. In: The Doctoral Research Abstracts. IGS Biannual Publication, 8 (8). Institute of Graduate Studies, UiTM, Shah Alam.
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Teknologi MARA
building	UiTM Institutional Repository
collection	Online Access
language	English
topic	Risk management. Risk in industry. Operational risk
spellingShingle	Risk management. Risk in industry. Operational risk Musa, Marina Informal risk management practices for cost overruns in Malaysian public linear projects / Marina Musa
description	The Malaysian construction industry is associated with a high degree of risk due to the nature of its business activities, process, environment and organisation. However, systematic risk management is not practiced in most public construction projects in Malaysia. This situation leads to project failure such as cost overrun, schedule slip and poor quality performance. Risk management is important to improve project performance in term of cost, time and quality. There is little information on the way informal reactive risk management practice contributes either positively or negatively to the project outcomes. The aim of this study was to understand the influence of informal risk management practice to mitigate cost overruns in Malaysian linear-type public projects. It involved projects that had cost overruns and were supervised by Malaysian government technical agencies on behalf of Malaysian ministries and other government agencies. A qualitative-quantitative research methodology was used. The qualitative study involved interviews with a triad of client, consultant and contractor participants in 15 projects. Inductive content analysis produced 16 categories of risk factors, 3 categories of risk treatments, 6 categories of barriers to risk treatment usage and 5 categories of coping actions to overcome the barriers to risk treatment usage…
format	Book Section
author	Musa, Marina
author_facet	Musa, Marina
author_sort	Musa, Marina
title	Informal risk management practices for cost overruns in Malaysian public linear projects / Marina Musa
title_short	Informal risk management practices for cost overruns in Malaysian public linear projects / Marina Musa
title_full	Informal risk management practices for cost overruns in Malaysian public linear projects / Marina Musa
title_fullStr	Informal risk management practices for cost overruns in Malaysian public linear projects / Marina Musa
title_full_unstemmed	Informal risk management practices for cost overruns in Malaysian public linear projects / Marina Musa
title_sort	informal risk management practices for cost overruns in malaysian public linear projects / marina musa
publisher	Institute of Graduate Studies, UiTM
publishDate	2015
url	http://ir.uitm.edu.my/id/eprint/19468/ http://ir.uitm.edu.my/id/eprint/19468/1/ABS_MARINA%20MUSA%20TDRA%20VOL%208%20IGS%2015.pdf
first_indexed	2023-09-18T23:02:38Z
last_indexed	2023-09-18T23:02:38Z
_version_	1777418275222716416

Informal risk management practices for cost overruns in Malaysian public linear projects / Marina Musa

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