This analysis evaluates the contribution of various risk types in construction projects, suggesting that individual risk impacts are significant.
Risk management is a crucial element in ensuring the success of construction activities in the oil and gas sector, which are inherently complex and susceptible to numerous risks. This study aims to develop a scale of multiple items to evaluate the contribution of different types of risk towards the total risk of an oil and gas construction project. A structured questionnaire was distributed among industry professionals and academicians, capturing their insights on risk impact and likelihood. The reliability analysis has been performed in SPSS software, and confirmatory factor analysis (CFA) has been performed in AMOS software. Findings highlight that scaled 13 risks cover all the important segments of the construction project in 3 categories. It is also observed that the individual impact of risk groups like fin & tech, project management, and procurement is maximum on total risk rather than the combination of these three.
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Roy et al. (2025) studied this question.
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