الملخص
Oil and gas projects are at high risk and the reasons can be the adoption of complex technology, participation of different parties, etc. Oil and gas industries are often vulnerable to risks and hazards, but they overcome these problems by following tools and techniques of risk management, which results in employee and organizations safety. Based on the facts, this research report aims to evaluate and identify the risk management strategies and procedures and assess the efficiency of risk management tools in the Oil and Gas Company in the Kingdom of Bahrain. The survey was conducted among two groups using quantitative as well as qualitative methods. One hundred twenty-four participants comprising of Engineers, Superintendents, Fire and Safety Officers, HR Managers, Health and Safety Environment Officers were among the respondents of the Survey Questionnaire. For the semi-structured interview, managers from supply and marine, Operation Specialist, Acting Manager of Health, Safety and Environment (HSE), Managers of Operational Plant Department were selected. The data collected through the survey question was analyzed using statistical analysis. The data collected through the survey questions were later imported to IBM SPSS (Statistical Package for Social Science) version 23.0 and performed descriptive analysis to explain the participants’ characteristics, discrete variables expressed as frequencies and percentages and continuous variables expressed as mean and SD. The reliability of the instrument was assessed using Cronbach’s alpha. This research indicated that around 56 % of the engineers and majority of the participating managers agree and strongly agree that the company has the Oil and Gas Company in the Kingdom of Bahrain have has implemented several safety precautions, training, and appropriate risk management tools to ensure the safety of the employees and work to eliminate any risk which could be hazardous to life and property.
المراجع
Aven, T., Vinnem, J. E., & Wiencke, H. S. (2007). A decision framework for risk management, with application to the offshore oil and gas industry. Reliability Engineering & System Safety, 92(4), 433-448. https://doi.org/10.1016/j.ress.2005.12.009
Benta, D. P. M. &. M. C. (2011). On Best Practices for Risk Management in Complex Projects, Informatica Economica Journal, pp. 15(2), 142-152.
Bhoola, V. H. S. &. M. D. (2014). An Assessment of risk response strategies practiced in software projects. Australasian Journal of Information Systems, p. 18(3). https://doi.org/10.3127/ajis.v18i3.923
Cagliano, A. C. G. S. &. R. C., (2015). Choosing project risk management techniques. A theoretical framework. Journal of Risk Research, pp. 18(2), 232-248. https://doi.org/10.1080/13669877.2014.896398
Carvalho, M. M. d. &. R. J. (2015). Impact of risk management on project performance: the importance of soft skills. International Journal of Production Research, pp. 53(2), 321-340. https://doi.org/10.1080/00207543.2014.919423
Dandage, R. V. M. S. S. R. S. B. &. B. V. (2017). Analysis of interactions among barriers in project risk management. Journal of Industrial Engineering International, pp. 1-17. https://doi.org/10.1007/s40092-017-0215-9
Fauver, L. a. N. A. (2012). Derivative usage and firm value: the influence of agency costs and monitoring problems. Journal of Corporate Finance, pp. 719-735. https://doi.org/10.1016/j.jcorpfin.2010.09.001
Harner, M. M. (2010). Barriers to effective risk management. Seton Hall Law Review., pp. 40(4), 1323-1365.
Herkenhoff, L. (2014). A Profile of the Oil and Gas Industry: Resources, Market Forces, Geopolitics, and Technology. Expert Press Industry Profiles Collection.
Hillson, D. &. M.-W. R. (2007). Understanding and managing risk attitude.. Aldershot: Gower Publishing, Ltd.
Hosseini, M. R. C. N. J. J. &. A. M. (2016). Critical success factors for implementing risk management systems in developing countries. Construction Economics and Building, pp. 16(1), 18-32. https://doi.org/10.5130/AJCEB.v16i1.4651
Hwang, B.-G. Z. X. &. T. L. P. (2014). Risk management in small construction projects in Singapore: status, barriers and impact. International Journal of Project Management, pp. 32(1)116- 124. https://doi.org/10.1016/j.ijproman.2013.01.007
Khvostina, I. e. (2017). Manifestation of emergent properties in risk assessment of oil and gas companies. s.l., s.n.
Liu, W. E. &. C. C. E. H. (2015). Leveraging social capital to obtain top management support in complex, cross-functional IT projects. Journal of the Association for Information Systems, pp. 16(8), 707. https://doi.org/10.17705/1jais.00404
Nocco, B. W. &. S. R. M. (2006). Enterprise risk management: Theory and practice. Journal of Applied Corporate Finance, pp. 18(4), 8-20. https://doi.org/10.1111/j.1745-6622.2006.00106.x
Papadaki, M. G. A. R. J. K. R. T. A. &. B. M. (2014). Essential factors that increase the effectiveness of project/programme risk management. Procedia-Social and Behavioral Sciences, pp. 119, 921-930. https://doi.org/10.1016/j.sbspro.2014.03.103
PMI. (2013). A Guide to the Project Management Body of Knowledge (PMBOK Guide). Newtown Square, Pennsylvania:. Project Management Institute.
Rabechini Junior, R. &. M. d. C. M. (2013). Understanding the Impact of Project Risk Management on Project Performance: an Empirical Study. Journal of technology management & innovation, pp. 8(suppl 1), 6–6. https://doi.org/10.4067/S0718-27242013000300006
Sage, A. P. &. H. Y. Y. (2015). Risk modeling, assessment, and management:. John Wiley & Sons.
Suda, K. A., Rani, N. S. A., Rahman, H. A., & Chen, W. (2015). A review on risks and project risks management: oil and gas industry. International Journal of Scientific Engineering, 6(8), 938-943.
Samson S, R. J. &. W. M. (2009). A review of different perspectives on uncertainty and risk and an alternative modeling paradigm. Reliab. Eng. Syst. Saf, pp. 94, (2) 558–567. https://doi.org/10.1016/j.ress.2008.06.004
Schwab, K. (2016 ). [Online] Available at: http://www3.weforum.org/docs/GCR20162017/05FullReport/TheGlobalCompetitivenessReport2016-2017_FINAL.pdf
Thuyet, N. V. e. a. (2007). Risk management in oil and gas construction projects in Vietnam. International Journal of Energy Sector Management. pp. 1(2):175-194. https://doi.org/10.1108/17506220710761582
Wilson, R. S. A. (1997). Fundamentals of Risk Analysis and Risk Management. Uncertainty and variability in risk analysis.. Molak, V. (Ed.),: CRC Press, Boca Raton, FL,.
Zwikael, &. A. M. (2011). The effectiveness of risk management: an analysis of project risk planning across industries and countries. Risk analysis, pp. 31(1), 25–37. https://doi.org/10.1111/j.1539-6924.2010.01470.x
هذا العمل مرخص بموجب Creative Commons Attribution 4.0 International License.
الحقوق الفكرية (c) 2021 Array