Developing risk management framework for wellhead and christmas tree equipment
Poor design may cause product failure, can be affected the manufacturing processes such as delay in delivery time, increased cost, poor quality, lose time, and risk for lost time injury (LTI). To remain competitive in global marketplace the manufacturing wellhead and christmas tree equipment comp...
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| Format: | Thesis |
| Language: | English English English |
| Published: |
2019
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| Subjects: | |
| Online Access: | http://eprints.uthm.edu.my/11/1/24p%20ABDUL%20HAMID.pdf http://eprints.uthm.edu.my/11/2/ABDUL%20HAMID%20COPYRIGHT%20DECLARATION.pdf http://eprints.uthm.edu.my/11/3/ABDUL%20HAMID%20WATERMARK.pdf |
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| Summary: | Poor design may cause product failure, can be affected the manufacturing processes
such as delay in delivery time, increased cost, poor quality, lose time, and risk for
lost time injury (LTI). To remain competitive in global marketplace the
manufacturing wellhead and christmas tree equipment companies need to
implement of risk management process, to analysis potential risk and failure. This
thesis attempted to investigate an organization’s perception of risk management in
manufacturing of wellhead and christmas tree equipment and determine the risk
management culture that influence the implementation and practices of risk
management. The main outcome of this research is to develop comprehensive risk
management framework for effective risk management implementation in order to
facilitate decision making. This is achieved through detailed review of relevant
literatures, standard and survey technique and questionnaires through the research
methodology process. The research procedure require collection of data which was
obtained from the manufacturing and collection methods involve survey form,
meeting with industrial experts and conduct pilot study to enable provision reaching
some conclusions. There are 216 respondents from 13 companies in this research
who completed and returned the survey form. The results obtained through testing of
IBM SPSS statistic version 21 using data collected from industry showed the
perception about risk management and implementation of the company in managing
risk found that the mean value for the group variable company risk culture and
implementation stage is moderate (slight lower 3 from likert scale 1-5) and Pearson
correlation is positive and these are 3 factors of competency, motivation, knowledge
and risk culture that influence toward implementation risk management successful.
In conclusion, the above result satisfy the research aim of facilitating decision
making process and the framework and flow diagram proposed in this thesis can be
used for a guide to the practitioners and further study. |
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