Systematic Critical Review of Risk Management in Malaysian Construction Companies

Journal of Humanities and Social Sciences Studies (JHSSS) Vol. 1 Issue 5 (2019)

11 Pages Posted: 10 Oct 2019

See all articles by Manal Suliman Omer

Manal Suliman Omer

University Malaysia Pahang

Adekunle Qudus Adeleke

Universiti Malaysia Pahang

Date Written: September 30, 2019

Abstract

In recent times, the Malaysian construction companies have been bedevilled by myriads of risk issues which have hampered their smooth operations. Emerging evidence has therefore revealed that the process of developing risk management is still at the primitive stage in many Malaysian construction companies. The need then arises for an adequate risk management study in order to curtail the inherent danger to the productivities of Malaysian construction company. The application of an effective risk management helps in the improvement of the performance of any project with respect to the tripods of cost, time and quality. The paper follows an earlier work published by many researchers in which the authors analyzed the global construction industry with a focus on the evolution of risk management. The future of construction is exciting in which international markets; technological innovations, and construction project management techniques and new relationships across disciplines, are all avenues for development. To make the best use of the opportunities, the MCI must invest in research and development (R&D), undertake public education about the field and develop new methodologies to improve operational performance in construction. This study proposed future direction in the management of some selection risk using a systematic review of related researches.

Keywords: Systematic literature review, Construction Project, Risk, Risk Management, Malaysia

Suggested Citation

Omer, Manal Suliman and Adeleke, A.Q, Systematic Critical Review of Risk Management in Malaysian Construction Companies (September 30, 2019). Journal of Humanities and Social Sciences Studies (JHSSS) Vol. 1 Issue 5 (2019). Available at SSRN: https://ssrn.com/abstract=3461474 or http://dx.doi.org/10.2139/ssrn.3461474

Manal Suliman Omer

University Malaysia Pahang

Lebuhraya Tun Razak
Kuantan, Pahang 26600
Malaysia

A.Q Adeleke (Contact Author)

Universiti Malaysia Pahang ( email )

Pekan
Pahang, 26600
Malaysia

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