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Need of risk management practice amongst bumiputera contractors in Malaysia construction industries

Fadzil, Nur Syuhada and Md Noor, Nurazuwa and Abdul Rahman, Ismail (2017) Need of risk management practice amongst bumiputera contractors in Malaysia construction industries. In: Global Congress on Construction, Material and Structural Engineering 2017 (GCoMSE2017), 28–29 August 2017, Johor Bahru, Malaysia.

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Abstract

Malaysia construction industry has been growing continuously with double-digit growth for the past two decades. There are many issues surrounded the industry such as delay in delivery, cost overrun, quality and safety. In bumiputera contractor’s context, the literature review found that 32 issues were encountered in the construction project. These issues can be handled properly with the application of risk management. According to previous researchers, application of risk management in Malaysia construction industry is at the low level where it is implemented in traditional ways that are brainstorming and checklist. These were due to lack of knowledge, the high cost of hiring experts and avoiding extra cost. Besides that, this study also intentions to analyse the risk categories in the construction industry as well as identify risk management process to resolve the construction issues. Hence, this paper presents issues engulfed by Bumiputera contractors which can partly be resolved by applying risk management practice in carrying out the construction activity. This may inspire the contractors to apply the risk management practice in ensuring the success of their construction project.

Item Type: Conference or Workshop Item (Paper)
Subjects: T Technology > TH Building construction > TH1-844 Building construction
Divisions: Faculty of Civil and Environmental Engineering > Department of Structural and Material Engineering
Depositing User: Mr. Mohammad Shaifulrip Ithnin
Date Deposited: 23 Jun 2019 06:55
Last Modified: 23 Jun 2019 06:55
URI: http://eprints.uthm.edu.my/id/eprint/11628
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