Importance of project risk management implementation in a construction organization: a case study on Selia Selenggara Selatan Sdn Bhd, Ayer Keroh Melaka

Basically, Project Risk Management is procedure of determining or evaluating risk and developing strategies to manage it and is concerned with identifying risk and putting in place policies to eliminate or reduce these perils. Through the study, project risk management is narrowly explained. The objective of this study was to identify the importance of project risk management implementation in a construction organization. This study was carried out based on literature review and a questionnaire survey. The questionnaires survey was distributed to the target respondent in Selia Selenggara Selatan Sdn Bhd Head Quarters and Are Office. The objectives of the study were successfully achieved. The top three most important factor of project risk management implementation were time overrun and cost overrun, delay caused by the owner or government and difficulty in adhering/following instructions. This report outlines the introduction, literature review, theoretical framework, research methodology, findings and recommendation based on the observation.