Project Management and Attitude towards Risks

An Analysis of Pakistan Oil and Gas Sectors

Abstract

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The attitude toward risk analysis department in oil and gas sectors at some point is not be good its mean the attitude dealing with department and acceptance the important of this department is not acceptable and showing negative attitude. It’s found that the most of the oil and gas sector companies working in Pakistan having its own risk analysis department and its percentage is almost 75% and out of 25 % companies (54.4 % hire external consultant while 45.6% having no serious attitude to hire external consultant or developed its own risk analysis department). Those companies who hire external or having its own risk analysis department having more project success rate as compare to those who having no department as well as did hire external consultants. The result show that risk analysis department play vital role in project success and helping to project by saving time, cost, delay issues etc. and due to project success the Pakistan economy also be supporting and helping to stand in global market at some position. In addition, it also shows that then attitude toward risk analysis in oil and gas sector in Pakistan is very positive as well as very satisfactory attitude, which means a positive attitude. The important of this department shown by this research are that “Risk analysis department help full for the success