2011 IEEE Symposium on Business, Engineering and Industrial Applications (ISBEIA) 2011
DOI: 10.1109/isbeia.2011.6088829
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Contractors' strategic approaches to risk assessment techniques at project planning stage

Abstract: -The construction industry is still plagued by poor quality, poor workmanship, poor safety and health environment, and poor practices. The current main problem in the Malaysian Construction Industry is delayed projects under the Ninth Malaysia Plan. The idea of introducing formal risk assessment among Malaysian contractors during the project planning stage is a proactive approach to achieve project objectives. Therefore, this research intends to achieve the following objectives: (1) to investigate the contract… Show more

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Cited by 3 publications
(2 citation statements)
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“…In Malaysian construction industry, risk management is not wellpractised due to the lack on risk management knowledge [5]. Thus, it is important to understand risk management knowledge amongst the construction practitioners in order for them to practise the risk management in handling their projects [6].…”
Section: Related Rsearchmentioning
confidence: 99%
“…In Malaysian construction industry, risk management is not wellpractised due to the lack on risk management knowledge [5]. Thus, it is important to understand risk management knowledge amongst the construction practitioners in order for them to practise the risk management in handling their projects [6].…”
Section: Related Rsearchmentioning
confidence: 99%
“…Subsequently, Malaysia is facing an uphill task to accomplish the target of 600,000-800,000 houses during this period because the conventional building system currently being practiced by the construction industry is unable to cope with the huge demand. Moreover, the industry is still plagued by poor quality, poor workmanship, poor safety and health environment, and practices and project failures, which are proven by the Stadium failure in Terengganu and Sentral building floor collapse [14]. Hence, the industry must find an alternative solution such as the green construction, which has immense inherent advantages in term of sustainability, environment, energy and waste minimization [21].…”
mentioning
confidence: 99%