Application of risk significance index score to construction projects in Malaysia

Boon Hoe Goh, Byung Gyoo Kang, Chung Lian Liew, Wee Kang Choong, Tuck Wai Yeong

Research output: Chapter in Book/Conference proceedingConference contributionpeer-review

Abstract

Risk management is one of the most important areas in project management particularly in the construction industry. However it is not possible to analyze all of the potential risks as it will require too much time and effort. Therefore in order to identify and analyze the significant risks, the risks should be categorized and ranked. This research applied the concept of risk significance index score to construction projects in Malaysia. A comprehensive list of 40-potential risks has been developed through literature review and an interview survey. A questionnaire survey was conducted to produce project risk significance index score for the risks. The ranks of the risks have been identified and solutions for the significant risks have been produced through interviews. This research proves the practical use of risk significance index score for construction projects in Malaysia.

Original languageEnglish
Title of host publicationCivil, Structural and Environmental Engineering
Pages3102-3108
Number of pages7
DOIs
Publication statusPublished - 2014
Externally publishedYes
Event2013 2nd Global Conference on Civil, Structural and Environmental Engineering, GCCSEE 2013 - Shenzhen, China
Duration: 28 Sep 201329 Sep 2013

Publication series

NameAdvanced Materials Research
Volume838-841
ISSN (Print)1022-6680

Conference

Conference2013 2nd Global Conference on Civil, Structural and Environmental Engineering, GCCSEE 2013
Country/TerritoryChina
CityShenzhen
Period28/09/1329/09/13

Keywords

  • Construction
  • Malaysia
  • Project
  • Risk
  • Score

ASJC Scopus subject areas

  • Engineering (all)

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