Risk Management on Project Success in Malaysian Construction Industry

الملخص

Risk management has always been a topic of discussion in the construction business. As a result, this study looked into the level of risk management in Kuala Lumpur for Malaysian construction industry in order to improve the industry's risk management implementation. To address these difficulties, this study employs a statistical package for the social sciences (SPSS) approach to validate construction risk management (RM) as a construct from the perspective of Malaysia's registered Grade-7 (G-7) contractors. Due to the nature of its activities, the construction business is seen as the sectors that highly impacted because of several factors which is the environment, dynamic, challenging, and risky organisation. The G-7 Contractors with more complicated operations RM is more likely to be implemented in turbulent earnings of their business operations. A structured questionnaire was used to collect data from G-7 contractors using a cross-sectional survey and proportionate stratified random sampling techniques. In terms of methodology, this study may be the first to measure the level of risk management in Kuala Lumpur for Malaysian construction industry. Using the Likert scale of risk from previous studies, statistical analysis affirmed that the overall level of risk management among Malaysian construction industries in Kuala Lumpur is at the high level.