Impact of Project Risk Management on the Project Performance in Malaysia

by Hafizan Naimman Bin Jeesin

June 2023

Abstract

The construction industry is the pillar of success of modern countries. Since therapid economic development has increased the demand for construction project of infrastructure and facilities around the globe. Project construction performance and risk management has been widely discussed in the literature from various
perspectives. Project performance holds excellent value, particularly because of itsemphasis on continuous improvement via different project types.

The primary objective behind project performance is to increase the success of the project’s outcome and thus, this calls for a frame of reference in understanding what is exactly meant by project success. Performance refers to the achievement and fulfillment of operations relating to a set of goals and successful project achievement. The main objective of this study is to find whether risk management impacted and important for the project performance in Malaysia construction.

This study involve of FOUR (4) variables which are: project risk management, company revenue, project complexity and the present of risk manager. This variable act as the tested component together with risk management that may relate with the project performance.

The company revenue, the presence of project risk manager and the Project Complexity function as the comparison component to be compare and tested together with risk management. At the end of the study, researcher found that Risk Management are highly impact on the project performance in Malaysia.

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