Factors influencing the risk propensity of Malaysian project managers in the construction industry

Shaista Noor and Ali Chaudhry Mehar

International Journal of Business Continuity and Risk Management, 2021, vol. 11, issue 1, 79-91

Abstract: Construction industries are confronting a wide variety of risks such as finances, designing which influence directly on overall performance and fulfilment of the desired goals. Thus, for project managers, risk management is considered as a proactive approach for effective risk minimisation and management as most of the Malaysian construction industries lack proper risk management practices. Furthermore, it is imperative to identify the factors that influence the risk propensity of Malaysian project managers in the construction industries. Therefore, the data collection is done from four renowned construction companies in Klang Valley, Malaysia. This study adopts the qualitative research strategy and interviews conducted with four project managers. The results highlight that individual factors (experience, leadership qualities, qualification, multitasking and risk management practices) and project factors such as (budget, scope, schedule, uniqueness, complexities) influence on risk propensity and risk management of Malaysian construction industry project managers. However, leadership qualities and experience contribute more towards risk propensity of Malaysian project managers in the construction industry. A model has been designed regarding factors influencing the risk propensity of project managers in the construction industry of Malaysia.

Keywords: risk; construction; industry; project; managers; Malaysia. (search for similar items in EconPapers)
Date: 2021
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