engleski

Risk Management Approaches in Oil and Gas Onshore Construction Projects (Project Management)

Risk management is a vital decision making process useful for the successful delivery of projects. However, the full practice is still not often carried out during the project implementation. This research has to determine the suitable risk response, mitigation action plan and show the difference between approaches of project risk awareness. Research shows two approaches in the preparation/execution of the project: comprehensive, general risk awareness and the minimum emanate risk knowledge. This paper will not focus on the engineering staff training, partnering and contractor selection. This paper shows risk management practices, risk and analysis methods, and contingency mitigations approaches for the major project elements.

common risk management; mitigation; contingency practices; risk and analysis method

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