Year: 2019
Type: dissertation
Study design: Observational Study
Abstract: Poor design may cause product failure, can be affected the manufacturing processes \nsuch as delay in delivery time, increased cost, poor quality, lose time, and risk for \nlost time injury (LTI). To remain competitive in global marketplace the \nmanufacturing wellhead and christmas tree equipment companies need to \nimplement of risk management process, to analysis potential risk and failure. This \nthesis attempted to investigate an organization’s perception of risk management in \nmanufacturing of wellhead and christmas tree equipment and determine the risk \nmanagement culture that influence the implementation and practices of risk \nmanagement. The main outcome of this research is to develop comprehensive risk \nmanagement framework for effective risk management implementation in order to \nfacilitate decision making. This is achieved through detailed review of relevant \nliteratures, standard and survey technique and questionnaires through the research \nmethodology process. The research procedure require collection of data which was \nobtained from the manufacturing and collection methods involve survey form, \nmeeting with industrial experts and conduct pilot study to enable provision reaching \nsome conclusions. There are 216 respondents from 13 companies in this research \nwho completed and returned the survey form. The results obtained through testing of \nIBM SPSS statistic version 21 using data collected from industry showed the \nperception about risk management and implementation of the company in managing \nrisk found that the mean value for the group variable company risk culture and \nimplementation stage is moderate (slight lower 3 from likert scale 1-5) and Pearson \ncorrelation is positive and these are 3 factors of competency, motivation, knowledge \nand risk culture that influence toward implementation risk management successful. \nIn conclusion, the above result satisfy the research aim of facilitating decision \nmaking process and the framework and flow diagram proposed in this thesis can be \nused for a guide to the practitioners and further study.
Author: Abd Hamid
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W3125090479