Analysis On Risk Management By Contractors Who Work On...

CHAPTER 3.0: RESEARCH METHODOLOGY 3.1 Brief Case background The research takes a case study approach. The case study analysis dwelt on risk management by Contractors who work on energy and utility construction projects, including strategies and supporting structures for managing risks, complete with an analysis of how these strategies and structures are implemented and supported by the Contractors resources base. The researcher specifically chose utility contractors for this study as the Energy and Utilities sector play an indispensable role in the global economy and in the UK, industry employs around 2% of the UK workforce (AGCAS, 2012). Moreover, the UK government identified the Utilities companies as companies that are heavily involved in risky incidents affecting their sector thus playing a crucial role in the preparation and planning for emergencies responsibilities (UK Government, 2013). According to Yip (2003) construction is risky as it almost always certainly involves loss of time and money. Above all, any denial of service during ou tage result in impact on communities (Lindman, 2008) and utility services are no exception. Against this background, it could be argued that contractors working on construction projects undoubtedly play a significant role in managing risks in order to stay in business. 3.2 Validity of Case Study as a Method of Research The case study of utility contractors was undertaken. Yin (2003) recommends the used of case study when the focusShow MoreRelatedBackground Information : Borton Lawson Engineering1906 Words   |  8 Pagesfirm’s management remaining focused and proud for having being an organically built and sustainably growing business. The firm specializes in the provision of both architectural and engineering design services to all types of customers (Corporate, governments and individuals) worldwide. 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