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Attitudes to risk in petroleum projects

Tsiga, Z; Emes, M; Smith, A; (2016) Attitudes to risk in petroleum projects. Procedia Computer Science , 100 pp. 305-312. 10.1016/j.procs.2016.09.160. Green open access

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Abstract

The paper identifies common personality traits and attitudes to risk management for people in the petroleum industry. The research was conducted with the aid of a survey and was addressed to people who have participated in the delivery of petroleum projects, with fifty responses obtained. The questions in the survey were based on Jung's personality theory and risk decisions identified from previous projects. Using Jung's personality classification, it has been concluded that people who deliver petroleum projects are judgers (Relationship with the world), more extrovert than introvert (Focus on attention), more intuitive than sensing (Seeking of information), and finally more thinkers than feelers (Decision makers). The results also show that the respondents are aware of different forms of risk in a project and prefer not to introduce any form of risk to a project.

Type: Article
Title: Attitudes to risk in petroleum projects
Event: International Conference on ENTERprise Information Systems / International Conference on Project MANagement / International Conference on Health and Social Care Information Systems and Technologies (CENTERIS/ProjMAN/HCist)
Location: Porto, PORTUGAL
Dates: 05 October 2016 - 07 October 2016
Open access status: An open access version is available from UCL Discovery
DOI: 10.1016/j.procs.2016.09.160
Publisher version: http://dx.doi.org/10.1016/j.procs.2016.09.160
Language: English
Additional information: Copyright © 2016 The Authors. Published by Elsevier B.V. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/). - Paper presented at the International Conference on ENTERprise Information Systems/International Conference on Project MANagement/International Conference on Health and Social Care Information Systems and Technologies, CENTERIS/ProjMAN /HCist 2016, 5-7 October 2016, Porto, Portugal.
Keywords: People Personality; Petroleum Industry; Petroleum Projects; Risk Decisions; Risk Management
UCL classification: UCL
UCL > Provost and Vice Provost Offices
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Maths and Physical Sciences
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Maths and Physical Sciences > Dept of Space and Climate Physics
URI: https://discovery-pp.ucl.ac.uk/id/eprint/1543039
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