Abstract
Risk management practice continues to be well recognised and integrated as a key function of the project management process in most industry’s. Literature has established that it is rapidly becoming an indispensable approach adopted by the oil and gas sector for achieving strategic business objectives and the realisation of capital projects. Semi-structured interviews were utilised to identify fifteen experienced project managers, project engineers and construction managers perspectives on risk management in Nigeria’s oil and gas industry. The paper identified risk management literacy and incompetent team formation to be among key issues currently affecting risk management practice in the Nigerian oil and gas industry. Therefore, it advocated the need for enhanced personnel training on risk management practice. Other lessons to be learned for future projects were identified to improve the capacity for the effective management of complexities that maybe encountered in future Nigerian oil and gas projects.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
