An Integrated Management System Approach of QMS and OHSAS Risk Management in Oil and Gas Construction Project

Risk management in today's challenging environment requires more attention to provide value addition in terms of adoption of standards as per international organizations for standardization (ISO). This study evaluates various risk factors under QMS and OHSAS risk management with the help of questionnaire survey. Through qualitative and quantitative techniques, 53 risk identification factors were analysed and assessed, with recommended risk mitigation strategies. 105 responses were received and analysed for the risk index score (RI) by a risk matrix. Statistical analysis for data was done through frequency distribution, Cronbach's Alpha reliability analysis, regression analysis, and ANOVA. The results indicated a significant difference among working experience and job position of the responses with the risk factors. To achieve desired results, the organization must evaluate appropriate risk factors to successfully mitigate and manage risks in order to enhance profitability and productivity.