Project Management and Attitude towards Risks

An Analysis of Pakistan Oil and Gas Sectors

Authors

  • Tambreen Afzal Karachi University Business School
  • Salman Manzoor University of Karachi

Keywords:

Risk Analysis, Project Management, Energy, Attitude, Project Value, Oil & Gas

Abstract

In Pakistan, 34% nature gas are produce and 31 % fuel oil production done due to this try to full fill the requirement and demand of energy but at certain point import the energy is our big issue which can increases the price of fuel oil and natural gas. The attitude toward risk analysis department in oil and gas sectors at some point is not be good its mean the attitude dealing with department and acceptance the important of this department is not acceptable and showing negative attitude. Here to study the attitude is either positive or negative and its impact on project success rate is study. After the research, its declare that the most of the oil and gas sector companies working in Pakistan having its own risk analysis department and its percentage is almost 75% and out of 25 % companies (54.4 % hire external consultant while 45.6% having no serious attitude to hire external consultant or developed its own risk analysis department). Those companies who hire external or having its own risk analysis department having more project success rate as compare to those who having no department as well as did hire external consultants. The result show that risk analysis department play vital role in project success and helping to project by saving time, cost, delay issues etc. and due to project success the Pakistan economy also be supporting and helping to stand in global market at some position. In addition, it also shows that then attitude toward risk analysis in oil and gas sector in Pakistan is very positive as well as very satisfactory attitude, which means a positive attitude. The important of this department shown by this research are that “Risk analysis department help full for the success of project” with value 0.89.” and “Risk analysis department help on projects” 0.87 RII value.

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References

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Published

2020-06-30

How to Cite

Afzal, T., & Manzoor, S. . (2020). Project Management and Attitude towards Risks: An Analysis of Pakistan Oil and Gas Sectors. International Journal of Business Studies, 1(1), 01 - 06. Retrieved from http://brjournals.comsresearch.com/index.php/ijbs/article/view/7

Issue

Section

Research Articles