Adopting contractors' risk management (CIRIM) framework using multi dimensional theories

In general, many contractors in Malaysia are found to have a limited expertise in developing an appropriate strategy to mitigate project risks. Consequently, this has led contractors struggling to complete the project on schedule, within the client's budget and quality parameters. This was prov...

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发表在:ISBEIA 2011 - 2011 IEEE Symposium on Business, Engineering and Industrial Applications
主要作者: 2-s2.0-84255187396
格式: Conference paper
语言:English
出版: 2011
在线阅读:https://www.scopus.com/inward/record.uri?eid=2-s2.0-84255187396&doi=10.1109%2fISBEIA.2011.6088833&partnerID=40&md5=25b331eeca10c21f38f8b6b67642d639
实物特征
总结:In general, many contractors in Malaysia are found to have a limited expertise in developing an appropriate strategy to mitigate project risks. Consequently, this has led contractors struggling to complete the project on schedule, within the client's budget and quality parameters. This was proven by the current issues on the delayed projects reported in the Ninth Malaysian Plan. Currently in Malaysia, there is no existing risk management framework specifically designed for contractors. Thus, the idea of introducing CIRIM among the Malaysian contractors is a proactive approach to achieve better project objectives. This paper therefore proposes to introduce the CIRIM framework to be adopted by the Malaysian contractors. The research methodology applied in the main research includes literature reviews, questionnaires and interviews. It is found that although there are some forms of risk management systems being used in the Malaysian construction industry, most of them are not well structured, documented and implemented in a formal manner. Therefore, the idea of establishing the CIRIM framework among Malaysian contractors is paramount and justified. © 2011 IEEE.
ISSN:
DOI:10.1109/ISBEIA.2011.6088833