A study of integration of risk management and value management in construction project

Construction industry is one the main contributors for the growth of economic in Malaysia. Meanwhile, the process of construction project involves high risk and full of uncertainties. The issues that always happen are delay, over budget, out of scope and fail to achieve the objective. Risk managemen...

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Main Author:	Lee, Swet Jean
Format:	Undergraduates Project Papers
Language:	English English English
Published:	2015
Subjects:	HD28 Management. Industrial Management HD61 Risk Management
Online Access:	http://umpir.ump.edu.my/id/eprint/15916/ http://umpir.ump.edu.my/id/eprint/15916/ http://umpir.ump.edu.my/id/eprint/15916/1/A%20study%20of%20integration%20of%20risk%20management%20and%20value%20management%20in%20construction%20project-Table%20of%20content-FIM-Lee%20Swet%20Jean-CD%2010341.pdf http://umpir.ump.edu.my/id/eprint/15916/2/A%20study%20of%20integration%20of%20risk%20management%20and%20value%20management%20in%20construction%20project-Abstract-FIM-Lee%20Swet%20Jean-CD%2010341.pdf http://umpir.ump.edu.my/id/eprint/15916/3/A%20study%20of%20integration%20of%20risk%20management%20and%20value%20management%20in%20construction%20project-Chapter%201-FIM-Lee%20Swet%20Jean-CD%2010341.pdf

id	ump-15916
recordtype	eprints
spelling	ump-159162017-01-04T02:01:23Z http://umpir.ump.edu.my/id/eprint/15916/ A study of integration of risk management and value management in construction project Lee, Swet Jean HD28 Management. Industrial Management HD61 Risk Management Construction industry is one the main contributors for the growth of economic in Malaysia. Meanwhile, the process of construction project involves high risk and full of uncertainties. The issues that always happen are delay, over budget, out of scope and fail to achieve the objective. Risk management and value management are the best practice management tools to reduce the probability of risk and balance the cost and value of the construction project respectively. However, applying both of the management practices separately is waste of time and resources. Therefore, this research was conducted to identify the potentiality of the integration between risk management and value management and determine the benefits of the integration to the construction projects. The data was collected from targeted respondents who working at G7 construction company at Selangor. The data was analyzed by using SPSS 2.0 software. Pearson Correlation Test was used to analyze the relationship between the similarity factors and the potentiality of the risk management and value management to be integrated. Descriptive analysis used to identify the most significant benefits to the construction project. The results and findings provide the idea of the integration of both processes to project managers. 2015-12 Undergraduates Project Papers NonPeerReviewed application/pdf en http://umpir.ump.edu.my/id/eprint/15916/1/A%20study%20of%20integration%20of%20risk%20management%20and%20value%20management%20in%20construction%20project-Table%20of%20content-FIM-Lee%20Swet%20Jean-CD%2010341.pdf application/pdf en http://umpir.ump.edu.my/id/eprint/15916/2/A%20study%20of%20integration%20of%20risk%20management%20and%20value%20management%20in%20construction%20project-Abstract-FIM-Lee%20Swet%20Jean-CD%2010341.pdf application/pdf en http://umpir.ump.edu.my/id/eprint/15916/3/A%20study%20of%20integration%20of%20risk%20management%20and%20value%20management%20in%20construction%20project-Chapter%201-FIM-Lee%20Swet%20Jean-CD%2010341.pdf Lee, Swet Jean (2015) A study of integration of risk management and value management in construction project. Faculty of Industrial Management, Universiti Malaysia Pahang. http://iportal.ump.edu.my/lib/item?id=chamo:98315&theme=UMP2
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Malaysia Pahang
building	UMP Institutional Repository
collection	Online Access
language	English English English
topic	HD28 Management. Industrial Management HD61 Risk Management
spellingShingle	HD28 Management. Industrial Management HD61 Risk Management Lee, Swet Jean A study of integration of risk management and value management in construction project
description	Construction industry is one the main contributors for the growth of economic in Malaysia. Meanwhile, the process of construction project involves high risk and full of uncertainties. The issues that always happen are delay, over budget, out of scope and fail to achieve the objective. Risk management and value management are the best practice management tools to reduce the probability of risk and balance the cost and value of the construction project respectively. However, applying both of the management practices separately is waste of time and resources. Therefore, this research was conducted to identify the potentiality of the integration between risk management and value management and determine the benefits of the integration to the construction projects. The data was collected from targeted respondents who working at G7 construction company at Selangor. The data was analyzed by using SPSS 2.0 software. Pearson Correlation Test was used to analyze the relationship between the similarity factors and the potentiality of the risk management and value management to be integrated. Descriptive analysis used to identify the most significant benefits to the construction project. The results and findings provide the idea of the integration of both processes to project managers.
format	Undergraduates Project Papers
author	Lee, Swet Jean
author_facet	Lee, Swet Jean
author_sort	Lee, Swet Jean
title	A study of integration of risk management and value management in construction project
title_short	A study of integration of risk management and value management in construction project
title_full	A study of integration of risk management and value management in construction project
title_fullStr	A study of integration of risk management and value management in construction project
title_full_unstemmed	A study of integration of risk management and value management in construction project
title_sort	study of integration of risk management and value management in construction project
publishDate	2015
url	http://umpir.ump.edu.my/id/eprint/15916/ http://umpir.ump.edu.my/id/eprint/15916/ http://umpir.ump.edu.my/id/eprint/15916/1/A%20study%20of%20integration%20of%20risk%20management%20and%20value%20management%20in%20construction%20project-Table%20of%20content-FIM-Lee%20Swet%20Jean-CD%2010341.pdf http://umpir.ump.edu.my/id/eprint/15916/2/A%20study%20of%20integration%20of%20risk%20management%20and%20value%20management%20in%20construction%20project-Abstract-FIM-Lee%20Swet%20Jean-CD%2010341.pdf http://umpir.ump.edu.my/id/eprint/15916/3/A%20study%20of%20integration%20of%20risk%20management%20and%20value%20management%20in%20construction%20project-Chapter%201-FIM-Lee%20Swet%20Jean-CD%2010341.pdf
first_indexed	2023-09-18T22:21:07Z
last_indexed	2023-09-18T22:21:07Z
_version_	1777415663268134912

A study of integration of risk management and value management in construction project

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