Jurnal Ilmiah Ilmu Terapan Universitas Jambi
Vol. 8 No. 1 (2024): Volume 8, Nomor 1, June 2024

MEDIATING FINANCIAL AND HSE ROLES IN RISK MANAGEMENT IMPACT ON MYANMAR CONSTRUCTION SUCCESS

Aung, Theingi (Unknown)
Liana, Sui Reng (Unknown)
Htet, Arkar (Unknown)
Bhaumik, Amiya (Unknown)
Poddar, Sandeep (Unknown)



Article Info

Publish Date
30 Jun 2024

Abstract

This study seeks to examine the effects of risk management strategies on the success of construction projects in Myanmar, a country with a rapidly expanding construction industry that has received little scholarly attention. Using a combination of traditional paper-based surveys and online questionnaires, a comprehensive dataset has been compiled for this study. The participants, which included project managers, project engineers, safety engineers, financial experts, and project proprietors, played a crucial role in providing diverse perspectives. From the initial sample of 500 questionnaires, a response rate of 84.6 percent yielded 397 valid responses. Using Smart PLS as a data analysis instrument, the study deconstructed risk management into its fundamental components: identification, analysis, response, and monitoring. In addition to the immediate effects, the study reveals the intermediate roles played by financial performance and Health, Safety, and Environment (HSE) issues. The findings indicate a correlation between the implementation of effective risk management strategies and the overall success of construction projects. The intermediate effect of financial performance and HSE performance strengthens the relationship between these variables. This research offers significant academic and practical insights by providing evidence-based strategies to improve risk management practices in Myanmar's rapidly developing construction industry.

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Journal Info

Abbrev

JIITUJ

Publisher

Subject

Education Engineering Industrial & Manufacturing Engineering

Description

JIITUJ publish the result of research on applied science and education (Research of applied science and education) such as: the research result on applied science and education such as curriculum development and learning, character education, technology and instructional innovation, and learning ...