Risk management in oil and gas construction projects in Vietnam

Nguyen Van Thuyet, S. Ogunlana, P. Dey
{"title":"Risk management in oil and gas construction projects in Vietnam","authors":"Nguyen Van Thuyet, S. Ogunlana, P. Dey","doi":"10.1108/17506220710761582","DOIUrl":null,"url":null,"abstract":"Purpose - The purpose of the paper is to the identify risk factors, which affect oil and gas construction projects in Vietnam and derive risk responses. Design/methodology/approach - Questionnaire survey was conducted with the involvement of project executives of PetroVietnam and statistical analysis was carried out in order to identify the major project risks. Subsequently, mitigating measures were derived using informal interviews with the various levels of management of PetroVietnam. Findings - Bureaucratic government system and long project approval procedures, poor design, incompetence of project team, inadequate tendering practices, and late internal approval processes from the owner were identified as major risks. The executives suggested various strategies to mitigate the identified risks. Reforming the government system, effective partnership with foreign collaborators, training project executives, implementing contractor evaluation using multiple criteria decision-making technique, and enhancing authorities of project people were suggested as viable approaches. Practical implications - The improvement measures as derived in this study would improve chances of project success in the oil and gas industry in Vietnam. Originality/value - There are several risk management studies on managing projects in developing countries. However, as risk factors vary considerably across industry and countries, the study of risk management for successful projects in the oil and gas industry in Vietnam is unique and has tremendous importance for effective project management.","PeriodicalId":145737,"journal":{"name":"Risk Management in Engineering and Construction","volume":"29 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2007-02-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"119","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Risk Management in Engineering and Construction","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1108/17506220710761582","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 119

Abstract

Purpose - The purpose of the paper is to the identify risk factors, which affect oil and gas construction projects in Vietnam and derive risk responses. Design/methodology/approach - Questionnaire survey was conducted with the involvement of project executives of PetroVietnam and statistical analysis was carried out in order to identify the major project risks. Subsequently, mitigating measures were derived using informal interviews with the various levels of management of PetroVietnam. Findings - Bureaucratic government system and long project approval procedures, poor design, incompetence of project team, inadequate tendering practices, and late internal approval processes from the owner were identified as major risks. The executives suggested various strategies to mitigate the identified risks. Reforming the government system, effective partnership with foreign collaborators, training project executives, implementing contractor evaluation using multiple criteria decision-making technique, and enhancing authorities of project people were suggested as viable approaches. Practical implications - The improvement measures as derived in this study would improve chances of project success in the oil and gas industry in Vietnam. Originality/value - There are several risk management studies on managing projects in developing countries. However, as risk factors vary considerably across industry and countries, the study of risk management for successful projects in the oil and gas industry in Vietnam is unique and has tremendous importance for effective project management.
越南油气建设项目的风险管理
目的-本文的目的是确定影响越南石油和天然气建设项目的风险因素,并得出风险反应。设计/方法/方法-在越南石油公司项目主管的参与下进行了问卷调查,并进行了统计分析,以确定主要的项目风险。随后,通过对越南石油公司各级管理层的非正式访谈,得出了缓解措施。调查结果-政府官僚制度和冗长的项目审批程序,糟糕的设计,项目团队的无能,不适当的招标做法,以及业主的内部审批程序滞后被认为是主要风险。高管们提出了各种策略来减轻已确定的风险。改革政府体制、与外国合作者建立有效的合作伙伴关系、培训项目管理人员、采用多标准决策技术实施承包商评估以及增强项目人员的权威是可行的方法。实际意义-本研究中得出的改进措施将提高越南石油和天然气行业项目成功的机会。原创性/价值——有几项关于在发展中国家管理项目的风险管理研究。然而,由于不同行业和国家的风险因素差异很大,越南油气行业成功项目的风险管理研究是独一无二的,对有效的项目管理具有巨大的重要性。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 求助全文
来源期刊
自引率
0.00%
发文量
0
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
copy
已复制链接
快去分享给好友吧!
我知道了
右上角分享
点击右上角分享
0
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:604180095
Book学术官方微信