Evaluation of Risk Factors Affecting on Oil and Gas Construction Projects in Yemen

  • Abstract
  • Keywords
  • References
  • PDF
  • Abstract

    Risk factors are unique in every of the construction projects are facing today. This research is conducted to identify and assess the relative importance of the significant risk factors contributing to cost and time overrun in oil and gas construction project in Yemen. Usually, construction projects affected by risk factors during the project lifecycle, without identifying and classify of this risks the project cannot be succeeded, in this paper, the project players, i.e. clients, contractor, consultant, project managers and engineers are taken for a survey to obtain the impact and probability of risk factors. The research aimed to identify the principal risks which effect on success of construction projects, to set the correct risk respond we should know the ranking of risks base on its impact and probability of occurs, in this paper we will use relative important index method (RII) and Spearman’s rank correlation between the risks for analysis questionnaire responses. As a result of the research, external risk factors are the most influential in the oil sector construction projects in Yemen and project management risk factors are the most influential among the internal risk factors.


  • Keywords

    Construction projects; method; relative important index; risk factors; oil and gas; yemen.

  • References

      [1] Issa UH, Farag MA, Abdelhafez LM, & Ahmed SA (2015), A risk allocation model for construction projects in Yemen, 7(3), 78–89.

      [2] Samson S, Reneke JA & Wiecek MM (2009), A review of different perspectives on uncertainty and risk and an alternative modeling paradigm. Reliab. Eng. Syst. Saf, 94, (2) 558–567.

      [3] Smith N, Merna T & Jobling P, Managing risk in construction projects. 2006.

      [4] [4] Cooper MDF, Stephen G, Geoffrey Raymond and Phil WalkerGopal, Project Risk Management Guidelines. 2005.

      [5] Haitham H. Al-Shibly, B. M. Louzi, and M. a. Hiassat (2013), The impact of risk management on construction projects success from the employees perspective,” Interdiscip. J. Contemp. Res. Bus.

      [6] GP House (2013), “Identifying, assessing, and evaluating risks affecting the educational construction projects in Saudi Arabia. Int. J. Proj. Manag., 25(6), 105–116.

      [7] Augustine IE, Ajayi JR, Ade BA, & Edwin AA, “Assessment of risk management practices in Nigerian construction industry: Toward establishing risk management index. Int. J. Pure Appl. Sci. Technol., vol. 16, 20–31.

      [8] Uher TE & Loosemore M, “Essentials of Construction Project Management,” New South Publ., 2004.

      [9] S. Jardine (2015), A Risk Allocation Model for Construction Projects in Yemen. Interdiscip. J. Contemp. Res. Bus., 4, 78–89, 2015.

      [10] Ghahramanzadeh M (2013), Managing Risk of Construction Projects: A case study of Iran. 312.

      [11] Baloi D & Price ADF (2003), Modelling global risk factors affecting construction cost performance. Int. J. Proj. Manag., 21, 261–269.

      [12] Zou PXW, Zhang G, & Wang J (2007), Understanding the key risks in construction projects in China. Int. J. Proj. Manag., vol. 25, no. 6, pp. 601–614.

      [13] Winch GM, “How innovative is construction? Comparing aggregated data on construction innovation and other sectors – a case of apples and pears,” Constr. Manag. Econ., vol. 21, no. 6, pp. 651–654, Sep. 2003.

      [14] Dikmen I, Birgonul MT, & Han S, “Using fuzzy risk assessment to rate cost overrun risk in international construction projects,” Int. J. Proj. Manag., vol. 25, no. 5, pp. 494–505, Jul. 2007.

      [15] TAH JHM & Carr V, “Towards a framework for project risk knowledge management in the construction supply chain,” Adv. Eng. Softw., vol. 32, no. 10–11, pp. 835–846, 2001.

      [16] Roger F, “-Risk Management And Construction-Blackwell Scientific .pdf.” 1993.

      [17] S. Q. Wang, M. F. Dulaimi, and M. Y. Aguria, “Risk management framework for construction projects in developing countries,” Constr. Manag. Econ., vol. 22, no. 3, pp. 237–252, 2004.

      [18] Ghosh S and& Jintanapakanont J, “Identifying and assessing the critical risk factors in an underground rail project in Thailand: A factor analysis approach,” Int. J. Proj. Manag., vol. 22, no. 8, pp. 633–643, 2004.

      [19] [19] Thuyet NV, Ogunlana SO, & Dey PK (2007), Risk management in oil and gas construction projects in Vietnam. Int. J. Energy Sect. Manag., 1, 175–194.

      [20] El-Sayegh SM (2008), “Risk assessment and allocation in the UAE construction industry. Int. J. Proj. Manag., 26, 431–438, 2008.

      [21] Alaghbari W (2014), Factors affecting speed of IBS projects in Malaysia.

      [22] Sultan B & Kajewski S (2005), “Policies for Economic Sustainability for the Construction Industry in Yemen,” Proc. Queensl. Univ. Technol. Res. Week Int. Conf., 1–12.

      [23] Sidawi B (2012), Management problems of remote construction projects and potential IT solutions: The case of Kingdom of Saudi Arabia. Electron. J. Inf. Technol. Constr., 17, 103–120.

      [24] Eybpoosh M, Dikmen I and Birgonul MT (2011), Identification of risk paths in international construction projects using structural equation modeling. J. Constr, 137, 1164–1175.

      [25] Town C, Mohamed L, Hesham O & Middlands W (2016), Risk management for multinational collaborations: application on the case study of grand Egyptian museum. no. January 2011, 2016.

      [26] Mohammed N, Saeed N & Hasan AS, “the Effect of Total Quality Management on Construction Project Performance,” J. Sci. Technol., vol. 17, no. 2, pp. 11–30, 2012.

      [27] Frimpong Y, Oluwoye J & Crawford L, “Causes of delay and cost overruns in construction of groundwater projects in a developing countries; Ghana as a case study,” Int. J. Proj. Manag., vol. 21, no. 5, pp. 321–326, 2003.

      [28] Princy JD & Shanmugapriya S, “A Probabilistic Fuzzy Logic Approach to Identify Productivity Factors in Indian Construction Projects,” no. September, 2017.

      [29] Chin LS & Hamid ARA, “The practice of time management on construction project,” Procedia Eng., vol. 125, pp. 32–39, 2015.

      [30] [30] Aziz RF, “Ranking of delay factors in construction projects after Egyptian revolution,” Alexandria Eng. J., vol. 52, no. 3, 2013.

      [31] Romeli N, Halil RF, Ismail F & Shukor ASA, “Economic Challenges in Joint Venture Infrastructure Projects: Towards Contractor’s Quality of Life,” Procedia - Soc. Behav. Sci., vol. 234, pp. 19–27, 2016.

      [32] Hanif M & Khattak SB, “Assessment of Economic factors for sustainable construction industry,” no. February, pp. 978–969, 2017.

      [33] Norris C, Perry J & Simon P, “Project Risk Analysis and Management-a Guide By the Association for Project Management,” Proj. Risk Anal. Manag., pp. 1–11, 2000.

      [34] Akintoye AS & MacLeod MJMJ, “Risk analysis and management in construction,” Int. J. Proj. Manag., vol. 15, no. 1, pp. 31–38, 1997.

      [35] Rahman IA, Memon AH & Karim ATA, “Significant factors causing cost overruns in large construction projects in Malaysia,” J. Appl. Sci., vol. 13, no. 2, pp. 286–293, 2013.

      [36] Tawil NM, Khoiry MA, Arshad I, Hamzah N, Jasri MF, & Badaruzzaman WHW, “Factors contribute to delay project construction in higher learning education case study UKM,” Res. J. Appl. Sci. Eng. Technol., vol. 5, no. 11, pp. 3112–3116, 2013.

      [37] Enshassi A & J. Abu Mosa, “Risk Management in Building Projects: Owners’ Perspective,” Islam. Univ. J., vol. 16, no. 1, pp. 95–123, 2008.




Article ID: 24864
DOI: 10.14419/ijet.v8i1.2.24864

Copyright © 2012-2015 Science Publishing Corporation Inc. All rights reserved.