Assessment of Environmental Risks in Construction Projects: A Case of Malaysia

Risk management is a concept which is increasingly becoming exceptional in a number of organizations. Several companies regularly set up a risk assessment procedure for performance improvement and profit maximization. In the construction industry, projects are enormously complex in nature and ofte...

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Main Authors:	Ansah, Richard Hannis, Sorooshian, Shahryar, Shariman, Mustafa, Duvvuru, Gomanth
Format:	Conference or Workshop Item
Language:	English
Published:	IEOM Society 2016
Subjects:	TH Building construction
Online Access:	http://umpir.ump.edu.my/id/eprint/16029/ http://umpir.ump.edu.my/id/eprint/16029/ http://umpir.ump.edu.my/id/eprint/16029/1/fim-2016-sorooshian-253.pdf

id	ump-16029
recordtype	eprints
spelling	ump-160292020-02-21T07:50:24Z http://umpir.ump.edu.my/id/eprint/16029/ Assessment of Environmental Risks in Construction Projects: A Case of Malaysia Ansah, Richard Hannis Sorooshian, Shahryar Shariman, Mustafa Duvvuru, Gomanth TH Building construction Risk management is a concept which is increasingly becoming exceptional in a number of organizations. Several companies regularly set up a risk assessment procedure for performance improvement and profit maximization. In the construction industry, projects are enormously complex in nature and often involves significant budgets, and therefore reducing risks associated with project development should be key for every project manager. In this paper, risks associated with external sources have been identified and investigated in a case study. The analysis of the risks has been presented using risk priority number (RPN) to determine the failure modes in projects. From the results, the top risks included availability of labors, lack of technical know-how , use of old methodologies, inefficient dissemination of information, changes in government regulations, unrealistic contract time frame, licensing, permit, documents approvals, change of government department heads, bribery and corruption, difficulty in accessing credit facilities, obsolete technology and tools, market competition and conditions, inertia in government bureaucracies, changes in taxes, and import and export restrictions. This study aims to provide a decision tool for establishing failure modes and their priorities in Malaysian construction projects, thus, avoiding the major costly impact of the risky variables to projects in terms of budget, time and quality considering the scarce resources of construction companies. IEOM Society 2016 Conference or Workshop Item PeerReviewed application/pdf en http://umpir.ump.edu.my/id/eprint/16029/1/fim-2016-sorooshian-253.pdf Ansah, Richard Hannis and Sorooshian, Shahryar and Shariman, Mustafa and Duvvuru, Gomanth (2016) Assessment of Environmental Risks in Construction Projects: A Case of Malaysia. In: Proceedings of the 2016 International Conference on Industrial Engineering and Operations Management, 23-25 September 2016 , Detroit, Michigan, USA. pp. 752-763.. ISBN 978-0-9855497-5-6 http://ieomsociety.org/ieomdetroit/pdfs/253.pdf
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Malaysia Pahang
building	UMP Institutional Repository
collection	Online Access
language	English
topic	TH Building construction
spellingShingle	TH Building construction Ansah, Richard Hannis Sorooshian, Shahryar Shariman, Mustafa Duvvuru, Gomanth Assessment of Environmental Risks in Construction Projects: A Case of Malaysia
description	Risk management is a concept which is increasingly becoming exceptional in a number of organizations. Several companies regularly set up a risk assessment procedure for performance improvement and profit maximization. In the construction industry, projects are enormously complex in nature and often involves significant budgets, and therefore reducing risks associated with project development should be key for every project manager. In this paper, risks associated with external sources have been identified and investigated in a case study. The analysis of the risks has been presented using risk priority number (RPN) to determine the failure modes in projects. From the results, the top risks included availability of labors, lack of technical know-how , use of old methodologies, inefficient dissemination of information, changes in government regulations, unrealistic contract time frame, licensing, permit, documents approvals, change of government department heads, bribery and corruption, difficulty in accessing credit facilities, obsolete technology and tools, market competition and conditions, inertia in government bureaucracies, changes in taxes, and import and export restrictions. This study aims to provide a decision tool for establishing failure modes and their priorities in Malaysian construction projects, thus, avoiding the major costly impact of the risky variables to projects in terms of budget, time and quality considering the scarce resources of construction companies.
format	Conference or Workshop Item
author	Ansah, Richard Hannis Sorooshian, Shahryar Shariman, Mustafa Duvvuru, Gomanth
author_facet	Ansah, Richard Hannis Sorooshian, Shahryar Shariman, Mustafa Duvvuru, Gomanth
author_sort	Ansah, Richard Hannis
title	Assessment of Environmental Risks in Construction Projects: A Case of Malaysia
title_short	Assessment of Environmental Risks in Construction Projects: A Case of Malaysia
title_full	Assessment of Environmental Risks in Construction Projects: A Case of Malaysia
title_fullStr	Assessment of Environmental Risks in Construction Projects: A Case of Malaysia
title_full_unstemmed	Assessment of Environmental Risks in Construction Projects: A Case of Malaysia
title_sort	assessment of environmental risks in construction projects: a case of malaysia
publisher	IEOM Society
publishDate	2016
url	http://umpir.ump.edu.my/id/eprint/16029/ http://umpir.ump.edu.my/id/eprint/16029/ http://umpir.ump.edu.my/id/eprint/16029/1/fim-2016-sorooshian-253.pdf
first_indexed	2023-09-18T22:21:21Z
last_indexed	2023-09-18T22:21:21Z
_version_	1777415677558128640

Assessment of Environmental Risks in Construction Projects: A Case of Malaysia

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