Managing external risk factors on oil and gas project success: a dream for all firms
Embedded in the Malaysian oil and gas sectors’ experience, this study assesses the impact of external risk factors, which include political, economic, social, and environmental risk factors, and government support on the success of oil and gas construction projects in Malaysia using 61 employees of...
| Main Authors: | , , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
ASCE
2021
|
| Subjects: | |
| Online Access: | http://umpir.ump.edu.my/id/eprint/31862/1/Managing%20External%20Risk%20Factors%20on%20Oil%20and%20Gas%20Project.pdf |
| _version_ | 1825813938551390208 |
|---|---|
| author | Adeleke, A. Q. Ajibike, Waliu Adeniyi Muuka, Gerry Nkombo Mohd Ridzuan, Darun Moshood, Taofeeq Durojaye |
| author_facet | Adeleke, A. Q. Ajibike, Waliu Adeniyi Muuka, Gerry Nkombo Mohd Ridzuan, Darun Moshood, Taofeeq Durojaye |
| author_sort | Adeleke, A. Q. |
| collection | UMP |
| description | Embedded in the Malaysian oil and gas sectors’ experience, this study assesses the impact of external risk factors, which include political, economic, social, and environmental risk factors, and government support on the success of oil and gas construction projects in Malaysia using 61 employees of the oil and gas firms using a questionnaire survey. Structural equation modeling (SEM) results revealed that all the exogenous variables (political risk, economic risk, social risk, and environmental risk factors as well as government support) have a significant positive effect on project success. SEM results show that government support has no significant moderating effect on the impact of political, economic, social, and environmental risk factors on project success. The study developed an all-inclusive framework that can assist stakeholders in the sector in mitigating external risk factors in ensuring the success of projects. Policy implications and future study directions are also considered. |
| first_indexed | 2024-03-06T12:51:25Z |
| format | Article |
| id | UMPir31862 |
| institution | Universiti Malaysia Pahang |
| language | English |
| last_indexed | 2024-03-06T12:51:25Z |
| publishDate | 2021 |
| publisher | ASCE |
| record_format | dspace |
| spelling | UMPir318622021-11-10T06:57:00Z http://umpir.ump.edu.my/id/eprint/31862/ Managing external risk factors on oil and gas project success: a dream for all firms Adeleke, A. Q. Ajibike, Waliu Adeniyi Muuka, Gerry Nkombo Mohd Ridzuan, Darun Moshood, Taofeeq Durojaye HD28 Management. Industrial Management HD61 Risk Management Embedded in the Malaysian oil and gas sectors’ experience, this study assesses the impact of external risk factors, which include political, economic, social, and environmental risk factors, and government support on the success of oil and gas construction projects in Malaysia using 61 employees of the oil and gas firms using a questionnaire survey. Structural equation modeling (SEM) results revealed that all the exogenous variables (political risk, economic risk, social risk, and environmental risk factors as well as government support) have a significant positive effect on project success. SEM results show that government support has no significant moderating effect on the impact of political, economic, social, and environmental risk factors on project success. The study developed an all-inclusive framework that can assist stakeholders in the sector in mitigating external risk factors in ensuring the success of projects. Policy implications and future study directions are also considered. ASCE 2021 Article PeerReviewed pdf en http://umpir.ump.edu.my/id/eprint/31862/1/Managing%20External%20Risk%20Factors%20on%20Oil%20and%20Gas%20Project.pdf Adeleke, A. Q. and Ajibike, Waliu Adeniyi and Muuka, Gerry Nkombo and Mohd Ridzuan, Darun and Moshood, Taofeeq Durojaye (2021) Managing external risk factors on oil and gas project success: a dream for all firms. ASCE-ASME Journal of Risk and Uncertainty in Engineering Systems, Part A: Civil Engineering, 7 (4). pp. 1-16. ISSN 2376- 7642.. (Published) https://ascelibrary.org/doi/abs/10.1061/AJRUA6.0001187 https://doi.org/10.1061/AJRUA6.0001187 |
| spellingShingle | HD28 Management. Industrial Management HD61 Risk Management Adeleke, A. Q. Ajibike, Waliu Adeniyi Muuka, Gerry Nkombo Mohd Ridzuan, Darun Moshood, Taofeeq Durojaye Managing external risk factors on oil and gas project success: a dream for all firms |
| title | Managing external risk factors on oil and gas project success: a dream for all firms |
| title_full | Managing external risk factors on oil and gas project success: a dream for all firms |
| title_fullStr | Managing external risk factors on oil and gas project success: a dream for all firms |
| title_full_unstemmed | Managing external risk factors on oil and gas project success: a dream for all firms |
| title_short | Managing external risk factors on oil and gas project success: a dream for all firms |
| title_sort | managing external risk factors on oil and gas project success a dream for all firms |
| topic | HD28 Management. Industrial Management HD61 Risk Management |
| url | http://umpir.ump.edu.my/id/eprint/31862/1/Managing%20External%20Risk%20Factors%20on%20Oil%20and%20Gas%20Project.pdf |
| work_keys_str_mv | AT adelekeaq managingexternalriskfactorsonoilandgasprojectsuccessadreamforallfirms AT ajibikewaliuadeniyi managingexternalriskfactorsonoilandgasprojectsuccessadreamforallfirms AT muukagerrynkombo managingexternalriskfactorsonoilandgasprojectsuccessadreamforallfirms AT mohdridzuandarun managingexternalriskfactorsonoilandgasprojectsuccessadreamforallfirms AT moshoodtaofeeqdurojaye managingexternalriskfactorsonoilandgasprojectsuccessadreamforallfirms |