Risk Management Strategies in IBS Project in Malaysia

Kee, Hong Le (2025) Risk Management Strategies in IBS Project in Malaysia. Final Year Project (Bachelor), Tunku Abdul Rahman University of Management and Technology.

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Abstract

The Malaysian construction industry has progressively adopted Industrialised Building System (IBS) to improve efficiency, reduce construction duration and promote sustainability. IBS has unique risks that may hinder project execution and affect overall outcomes as it becomes a crucial element in the country’s effort to modernise building methods. These risks have the potential to diminish the benefits of IBS and hinder its wider use if they are not properly managed. To ensure the successful implementation of IBS in Malaysia’s construction sector, this research aims to review the risk factors in IBS projects, examine the risk management strategies employed in the Malaysian construction industry and evaluate the risk factors and management strategies in IBS projects. Data were gathered via questionnaire distributed to professionals in the construction sector, focusing on financial, design, management and technical risks. Descriptive and inferential analysis were the applied to examine the data. The findings revealed high level of agreement among respondents over the risk factors in IBS projects and the management strategies in the Malaysian construction sector. Furthermore, ANOVA and chi-square test revealed no significant differences in the identified risk factors, the efficacy of risk management strategies and the selection of strategies according to individual risks. However, the study faced limitations, including a constrained data collection period, uneven response distribution and reliance on close-ended questions. Further research should broaden the geographical scope beyond Kuala Lumpur, increase the sample size and adopt a mixed-methods approach to enrich comprehension and reliability of the findings.