Decision Sciences
4 years ago

Property developers in Malaysia effectively manage risks to ensure project success.

Lecture notes in civil engineering
The Effectiveness Implementation of Project Risk Management Plan in Property Development in Malaysia
Idris Othman, Nor Haslinayati Abdul Ghafar, Shim Woon Choon

Paper Summary

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Property development projects in Malaysia face various risks that can impact their success. To minimize these risks, project risk management plans are crucial. These plans involve identifying, assessing, and controlling risks, rather than eliminating them entirely. A study focused on the effectiveness of implementing risk management in property development projects found that effectively managing risks can lead to their minimization, ultimately increasing the likelihood of project success.