Examining risk behavior and risk management practices in oil and gas construction industry

The aim of this paper is to examine the risk behaviour and risk management practices among the employees in oil and gas construction industry. Risks are unpredictable events and activities which are known can be avoided and can also give positive or negative impacts to the events or activities. The...

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Main Author:	Ahmad, Azira
Format:	Thesis
Language:	English
Published:	2014
Subjects:	HD28 Management Industrial Management
Online Access:	http://eprints.utm.my/id/eprint/50820/25/AziraAhmadMFP2014.pdf
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id	my-utm-ep.50820
record_format	uketd_dc
spelling	my-utm-ep.508202020-07-12T07:31:55Z Examining risk behavior and risk management practices in oil and gas construction industry 2014-04 Ahmad, Azira HD28 Management. Industrial Management The aim of this paper is to examine the risk behaviour and risk management practices among the employees in oil and gas construction industry. Risks are unpredictable events and activities which are known can be avoided and can also give positive or negative impacts to the events or activities. The impacts of these risks may contribute to the project’s objectives such as time, quality, cost and safety. Risk behaviour focuses on the role of an individual in the prevention of the risk to be happened. A risky behaviour leads to poor risk management practices and the organization performance as a whole. Risk management has long been associated with the use of market insurance to protect individuals and companies from various losses associated with accidents (Harrington and Neihaus, 2003). In 1990s, the governance of risk management become essential and integrated risk management was introduced. Data were obtained from 150 employees of Malaysia’s oil and gas construction’s company. The confirmatory factor analysis performed has identified five variables, namely risk behaviour (RB), risk management processes consist of risk identification (RI), risk analysis (RA), risk evaluation (RE) and risk treatment (RT) are good determinant factors of overall risk management practices (ORMP). The results are coherent with the findings by Kletz (1991), Jaffe (2001), Hammond (2002), Navare (2003), Nguyen et al. (2007) and Shama (2009). The findings also unveil the RI and RT does not have significant affect on ORMP. 2014-04 Thesis http://eprints.utm.my/id/eprint/50820/ http://eprints.utm.my/id/eprint/50820/25/AziraAhmadMFP2014.pdf application/pdf en public http://dms.library.utm.my:8080/vital/access/manager/Repository/vital:89278 masters Universiti Teknologi Malaysia, Faculty of Management Faculty of Management
institution	Universiti Teknologi Malaysia
collection	UTM Institutional Repository
language	English
topic	HD28 Management Industrial Management
spellingShingle	HD28 Management Industrial Management Ahmad, Azira Examining risk behavior and risk management practices in oil and gas construction industry
description	The aim of this paper is to examine the risk behaviour and risk management practices among the employees in oil and gas construction industry. Risks are unpredictable events and activities which are known can be avoided and can also give positive or negative impacts to the events or activities. The impacts of these risks may contribute to the project’s objectives such as time, quality, cost and safety. Risk behaviour focuses on the role of an individual in the prevention of the risk to be happened. A risky behaviour leads to poor risk management practices and the organization performance as a whole. Risk management has long been associated with the use of market insurance to protect individuals and companies from various losses associated with accidents (Harrington and Neihaus, 2003). In 1990s, the governance of risk management become essential and integrated risk management was introduced. Data were obtained from 150 employees of Malaysia’s oil and gas construction’s company. The confirmatory factor analysis performed has identified five variables, namely risk behaviour (RB), risk management processes consist of risk identification (RI), risk analysis (RA), risk evaluation (RE) and risk treatment (RT) are good determinant factors of overall risk management practices (ORMP). The results are coherent with the findings by Kletz (1991), Jaffe (2001), Hammond (2002), Navare (2003), Nguyen et al. (2007) and Shama (2009). The findings also unveil the RI and RT does not have significant affect on ORMP.
format	Thesis
qualification_level	Master's degree
author	Ahmad, Azira
author_facet	Ahmad, Azira
author_sort	Ahmad, Azira
title	Examining risk behavior and risk management practices in oil and gas construction industry
title_short	Examining risk behavior and risk management practices in oil and gas construction industry
title_full	Examining risk behavior and risk management practices in oil and gas construction industry
title_fullStr	Examining risk behavior and risk management practices in oil and gas construction industry
title_full_unstemmed	Examining risk behavior and risk management practices in oil and gas construction industry
title_sort	examining risk behavior and risk management practices in oil and gas construction industry
granting_institution	Universiti Teknologi Malaysia, Faculty of Management
granting_department	Faculty of Management
publishDate	2014
url	http://eprints.utm.my/id/eprint/50820/25/AziraAhmadMFP2014.pdf
_version_	1747817541759139840

Examining risk behavior and risk management practices in oil and gas construction industry

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