Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/222417
Title: RISK MANAGEMENT FOR THE SINGAPORE-KUALA LUMPUR HIGH-SPEED RAIL NETWORK PROJECT
Authors: KWOK JIA YAN MICHELLE
Keywords: Building
PFM
Project and Facilities Management
Low Sui Pheng
2015/2016 PFM
Cross-border
High Speed Rail (HSR)
Project
Risk
Singapore-Kuala Lumpur
Issue Date: 19-Jul-2016
Citation: KWOK JIA YAN MICHELLE (2016-07-19). RISK MANAGEMENT FOR THE SINGAPORE-KUALA LUMPUR HIGH-SPEED RAIL NETWORK PROJECT. ScholarBank@NUS Repository.
Abstract: Cross-border High Speed Rail (HSR) network projects are typical examples of mega projects, which are very complex and often, plagued with severe issues. While many countries had announced grand plans to carry out cross-border HSR network projects, many had failed to deliver them adequately, even within their national boundaries. Some of the common issues mentioned include detrimental financial issues and political complications. While there had been many studies done on HSR network projects elsewhere, the Southeast Asian region have been insufficiently explored. This creates a gap between the desire of adopting the HSR project, and the knowledge of proper project risks management for such project in a different context. Therefore, in-depth studies have to be carried out, which goes beyond just the economic expectations of taking up such projects. More importantly, it is timely to extend the scope of studies to include the Southeast Asian region as these countries start considering these projects as an option for economic advancement. This study focuses on the identification of the risk factors, and subsequently the critical risk factors, for the SG-KL HSR network project, the first cross-border HSR network project in Southeast Asia. Suitable risk mitigation measures would also be suggested for the corresponding critical risk identified. Quantitative data was collected through a questionnaire survey that was designed and distributed to consultants, contractors, operators and governmental agents based in Singapore and also consultants and contractors based overseas. The results were analysed using various statistical instruments. Qualitative information describing the top five rankings of the risk factors and the risk mitigation measures proposed were also collated. Interviews were also conducted to support the findings of the questionnaire surveys and to collect inputs for the final generation of risk mitigation measures. To manage the critical risk factors identified, several measures had been recommended and explained. These measures tackle the background political play that occurs during tendering, the project financing strategies and the terms for the creation of a joint venture.
URI: https://scholarbank.nus.edu.sg/handle/10635/222417
Appears in Collections:Bachelor's Theses

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