Ajibike, W A; Adeleke, A Q; Muuka, G N; Bamgbade, J A; Darun, M R and Moshood, T D (2022) Impact of oil and gas internal risk factors on project success: Moderating role of government support. Construction Economics and Building, 22(1), pp. 47-69. ISSN 2204-9029
Abstract
Organisational internal risk factors, which include management, material, finance, and design risk factors, affect oil and gas construction projects' success in emerging nations, in which Malaysia is no exception. The purpose of this study is to examine the effect of these internal risk factors and government support on oil and gas projects among sixty-one (61) employees of oil and gas firms using a questionnaire survey. The data collected were analysed using structural equation modelling (SEM) techniques. The results revealed that all the exogenous variables (design risk, management risk, financial risk and material risk factors and government support) significantly impact project success. According to the findings, all exogenous variables (design risk, management risk, financial risk, material risk factors, and government support) have substantial effects on project success. The study developed an all-inclusive framework that can assist stakeholders in the industry in mitigating internal risk factors in ensuring the success of projects. Policy implications and future study paths are considered.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | project success; design risk; finance risk; government support; management risk; material risk |
| Index terms: | structural equation modelling, survey, government support, Malaysia, material risk, management risk, project success, finance risk, oil and gas, future study, policy implication, construction project, design risk, questionnaire, risk factor |
| Subjects: | industry analysis, environmental hazards, statistical analysis, production management, Geography, project management theory and practice, financial risk, economic analysis, data collection methods, government bodies, policy studies, research design and methodology |
| Topics: | Sustainability, Governance, Cost Management, Business Strategy, Research Practice, Geographical Context, Project Management |
| Descriptive scope: | 4 PCEA |
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