Risk assessment practices in project scheduling to reduce potential delays

Project delays are getting common nowadays. Project delays are happening in all industries whether it’s simple or complex projects. The implication of project delay is impact both owner and contractor. The owner will face delay in operating the facility which will cause loss of expected profit on da...

Full description

Saved in:

Bibliographic Details
Main Author:	Nagarajan, Logeswaren
Format:	Thesis
Language:	English
Published:	2019
Subjects:	TA Engineering (General) Civil engineering (General)
Online Access:	http://eprints.utm.my/id/eprint/81090/1/LogeswarenNagarajanMSKA2019.pdf
Tags:	Add Tag No Tags, Be the first to tag this record!

id	my-utm-ep.81090
record_format	uketd_dc
spelling	my-utm-ep.810902019-07-24T03:09:32Z Risk assessment practices in project scheduling to reduce potential delays 2019-01 Nagarajan, Logeswaren TA Engineering (General). Civil engineering (General) Project delays are getting common nowadays. Project delays are happening in all industries whether it’s simple or complex projects. The implication of project delay is impact both owner and contractor. The owner will face delay in operating the facility which will cause loss of expected profit on daily basis. The contractor will have cost overrun and can be faced with liquidated damages or other penalties for finishing late. Therefore, it’s important to study potential delays at initial stage of project. Risk assessment is a technique can apply in project scheduling to identify potential risks and opportunities which affect the project schedule. But how efficiently the risk assessment in project scheduling is being practice in Malaysia. The objectives of this study are to identify the level of awareness of risk assessment in project schedule among project managers, evaluate feasibility of implementation of risk assessment on project scheduling, and to demonstrate risk assessment in project scheduling for a selected project. Thirty four (34) questionnaires sets using five-point Likert scale method were collected among project managers from construction, oil & gas, manufacturing and IT industries in Johor, Malaysia to answer the objective 1 and 2. While, objective 3 was answered through a case study on a sample project scheduling. The results of the study shows that knowledge level of the project managers is mostly agreed and feasibility of implementation is moderately agreed by respondent. Therefore, we can conclude that the feasibility of implementation is still lacking and improvements are required to allow the implementation of risk assessment in scheduling. Risk assessment was performed in scheduling for the selected project, total activities in critical path are 21 and 4 of them was identified as medium risk and recommended actions or mitigations for the medium risk were suggested. 2019-01 Thesis http://eprints.utm.my/id/eprint/81090/ http://eprints.utm.my/id/eprint/81090/1/LogeswarenNagarajanMSKA2019.pdf application/pdf en public http://dms.library.utm.my:8080/vital/access/manager/Repository/vital:125052 masters Universiti Teknologi Malaysia, Faculty of Engineering - School of Civil Engineering Faculty of Engineering - School of Civil Engineering
institution	Universiti Teknologi Malaysia
collection	UTM Institutional Repository
language	English
topic	TA Engineering (General) Civil engineering (General)
spellingShingle	TA Engineering (General) Civil engineering (General) Nagarajan, Logeswaren Risk assessment practices in project scheduling to reduce potential delays
description	Project delays are getting common nowadays. Project delays are happening in all industries whether it’s simple or complex projects. The implication of project delay is impact both owner and contractor. The owner will face delay in operating the facility which will cause loss of expected profit on daily basis. The contractor will have cost overrun and can be faced with liquidated damages or other penalties for finishing late. Therefore, it’s important to study potential delays at initial stage of project. Risk assessment is a technique can apply in project scheduling to identify potential risks and opportunities which affect the project schedule. But how efficiently the risk assessment in project scheduling is being practice in Malaysia. The objectives of this study are to identify the level of awareness of risk assessment in project schedule among project managers, evaluate feasibility of implementation of risk assessment on project scheduling, and to demonstrate risk assessment in project scheduling for a selected project. Thirty four (34) questionnaires sets using five-point Likert scale method were collected among project managers from construction, oil & gas, manufacturing and IT industries in Johor, Malaysia to answer the objective 1 and 2. While, objective 3 was answered through a case study on a sample project scheduling. The results of the study shows that knowledge level of the project managers is mostly agreed and feasibility of implementation is moderately agreed by respondent. Therefore, we can conclude that the feasibility of implementation is still lacking and improvements are required to allow the implementation of risk assessment in scheduling. Risk assessment was performed in scheduling for the selected project, total activities in critical path are 21 and 4 of them was identified as medium risk and recommended actions or mitigations for the medium risk were suggested.
format	Thesis
qualification_level	Master's degree
author	Nagarajan, Logeswaren
author_facet	Nagarajan, Logeswaren
author_sort	Nagarajan, Logeswaren
title	Risk assessment practices in project scheduling to reduce potential delays
title_short	Risk assessment practices in project scheduling to reduce potential delays
title_full	Risk assessment practices in project scheduling to reduce potential delays
title_fullStr	Risk assessment practices in project scheduling to reduce potential delays
title_full_unstemmed	Risk assessment practices in project scheduling to reduce potential delays
title_sort	risk assessment practices in project scheduling to reduce potential delays
granting_institution	Universiti Teknologi Malaysia, Faculty of Engineering - School of Civil Engineering
granting_department	Faculty of Engineering - School of Civil Engineering
publishDate	2019
url	http://eprints.utm.my/id/eprint/81090/1/LogeswarenNagarajanMSKA2019.pdf
_version_	1747818304469204992

Risk assessment practices in project scheduling to reduce potential delays

Similar Items