QR Code Link : Type : Thesis Subject : Business, Marketing Main Author : Nor Azura Binti Othman Title : Impact of Effective Risk Management in the Success of the Oil and Gas Related Projects in Malaysia Content Type : still image (rdacontent) Media Type : computer (rdamedia) Carrier Type : online resource (rdacarrier)

Place of Production : Kuala Lumpur Publisher : Tun Razak Graduate School Year of Publication : February 2024 Physical Description : ill, 100 pages Notes : Project Paper Submitted in Partial Fulfilment of the Requirements \r\nfor the Degree of Master of Business Administration \r\nUniversiti Tun Abdul Razak Corporate Name : UNIRAZAK Library PDF Full Text : Login required to access this item.

Abstract : UNIRAZAK Library

The oil and gas sector is a highly competitive and intricate industry, distinguished by the significance and complexity of its undertakings. Initiating and completing projects according to scope, schedule and cost is necessary for oil and gas companies to attain sustainability. This study carefully examines the complex link that exists between risk management practices and techniques and project success in the particular setting of Malaysia's oil and gas industry. This study was based on a quantitative research methodology whereby an online data collection via Google Form questionnaires, were distributed to people working in oil and gas related projects around Malaysia. A total of 120 surveys were sent, and 90 completed questionnaires were received, resulting in a response rate of 75%. The data was analysed using multiple regression analysis, descriptive analysis, and Pearson's correlation analysis. To investigate the relationships between the independent variables (risk identification, risk analysis, risk mitigation, risk monitoring, and risk assessment tools) and the dependent variable (project success), all analyses are carried out using the Statistical Package for Social Science (SPSS) versions 27.0. The regression analysis results indicate that only risk analysis, risk mitigation, and risk assessment tools have a statistically significant positive effect on project success. On the contrary, correlations analysis between the project success and risk identification, risk analysis, risk mitigation, risk monitoring and risk assessment tool show positive results, indicating that the project success does have strong correlation with all the independent variables.

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