Project Management and Attitude towards Risks
An Analysis of Pakistan Oil and Gas Sectors
Keywords:Risk Analysis, Project Management, Energy, Attitude, Project Value, Oil & Gas
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.
Absar Saleh, 2015. Oil & Gas Sector of Pakistan and Sustainable Development. LAP Lambert Academic Publishing, DOI: 10.13140/RG.2.1.2415.7288
Cheung, S. O., Suen, H. C. H. and Cheung, K. K. W., (2004), PPMS: a web-based construction project performance monitoring system. Automation in Construction, 13 (3), 361– 376.
Gill, J., Johnson, P. & Clark, M. 2010. Research Methods for Managers, SAGE Publications.
Haris Ahmed , 2020.A realistic view of Pakistan's energy mix, The express tribune business
Iyer, K. C. and Jha, K. N., (2005) Factors affecting cost performance: evidence from Indian construction projects. International Journal of Project Management, 23 (4), PP. 283–295.
Miles, M.B., & Huberman, M.A (1994): “Qualitative Data Analysis: An Expended Sourcebook” (2nd edition). Beverlry Hills, Sage.
Muhammad arshad khan and usman ahmad Journal article Energy demand in pakistan: a disaggregate analysis. The pakistan development review. Vol. 47, no. 4, papers and proceedings parts i and ii twenty-fourth annual general meeting and conference of the pakistan society of development economists islamabad, march 31-april 2, 2009 (winter 2008), pp. 437-455
Sharif, N., Ahmad, N., & Sarwar, S. (2019). Factors influencing career choices. IBT Journal of Business Studies, 15(1), 33-46.
Ugwu, O. O. and Haupt T. C. (2007), Key performance indicators and assessment methods for infrastructure sustainability - a South African construction industry perspective. Building and Environment, 42 (2), 665-680.
How to Cite
Copyright (c) 2020 International Journal of Business Studies
This work is licensed under a Creative Commons Attribution 4.0 International License.