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2013 (Vol. 6, Issue: 03)
Article Information:

Prioritization of Effective Risk Factors on Oil Industry Construction Projects (By PMBOK Standard Approach)

Hossein Baharmand, Mohammad Ali Vahdat Zad and Sayyed Hojjat Hashemi
Corresponding Author:  Hossein Baharmand 

Key words:  PMBOK standard, prioritization, risk factors, risk management, , ,
Vol. 6 , (03): 521-528
Submitted Accepted Published
November 09, 2012 January 01, 2013 June 15, 2013
Abstract:

This study is an applied, analytic-descriptive research in terms of nature. It is thus an analysis in which a sample has been applied for data collection and it is descriptive since its variables are assessed and reported as they are in reality. This study seeks to identify effective risks existing in construction industry specifically in the national macro projects such as oil industry projects through utilizing Project Management Body of Knowledge (PMBOK) model and to estimate the relative impact of each risk on the projects. It aims at prioritizing the effective risk factors on the construction projects (a case study of National Iranian Oil Company). Thus NIOC construction projects, consulting engineers companies and contractor companies in construction projects of oil industry have been selected as the statistical universe to identify and prioritize the risks. Due to the focus of oil industry construction projects on South Pars Special Economic Zone, under planning, implementation or completion phases and with regard to the phases' expansion in terms of number and volume of activities and also strategic features and confidentiality of information, three phases out of 28 ones have been case-studied. It is generally concluded in this study that with respect to the country significant strategic, geopolitical, geographical, economic and military position in the world, it is a matter of great magnitude to regard the risks identification and management as one of the important areas in the project management and to consider it as a national and comprehensive plan when designing and ratifying industrial projects of the country.
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  Cite this Reference:
Hossein Baharmand, Mohammad Ali Vahdat Zad and Sayyed Hojjat Hashemi, 2013. Prioritization of Effective Risk Factors on Oil Industry Construction Projects (By PMBOK Standard Approach).  Research Journal of Applied Sciences, Engineering and Technology, 6(03): 521-528.
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ISSN (Online):  2040-7467
ISSN (Print):   2040-7459
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