Quantitative Research Design: Oil and Gas Project Investment Decisions

This report outlines a quantitative research design for studying the sustainability and investment decisions related to oil and gas projects, particularly in developing countries within Southeast Asia. It addresses key research questions concerning factors for sustaining projects, risks and uncertainties in investment decisions, and the effects of volatile oil prices. The report details data collection methods, emphasizing the use of surveys and statistical analysis. It identifies the strengths of quantitative research, such as ease of analysis and precise data, alongside weaknesses like cost and potential limitations in representing the target audience. The report concludes with recommendations for maximizing the validity and reliability of collected data, stressing the importance of survey design and respondent familiarity with assessment tools. This document is available on Desklib, a platform offering a wealth of study resources for students.

Running head: RESEARCH 0
dissertation research methodology
APRIL 3, 2020
student details

RESEARCH 1
Contents
Way of conducting research idea as the quantitative research project............................................2
Data collection and data analysis to answer the research question..................................................2
Strengths and weaknesses of Quantitative research design.............................................................2
Recommendation to maximise reliability as well as validity of data to be collected......................2
References........................................................................................................................................3

RESEARCH 2
Way of conducting research idea as the quantitative research project
The key methodology of doing quantitative research is making survey. Conducting survey is
best methodology to know and have the answer regarding the specific questions or set of
questions in relation to research (Goertzen, 2017). Additionally, the quantitative research project
is helpful for researcher to get knowledge about the practical outcomes of related study. In this
research, the researcher conducted survey on 50 employees of different oil and gas companies of
different places of Southeast Asia.
Data collection and data analysis to answer the research question
It can see that there are two types of data collection methods such as primary data collection
method along with secondary data collection method. In this researcher, the researcher used
primary data collection method to collect information related to research concern. The researcher
collected primary data by using survey strategy. After the collection of data, the researcher
analysed data through the statistical analysis technique (Brannen, 2017).
Strengths and weaknesses of Quantitative research design
There are different advantages of the quantitative research design. The quantitative research
design is relatively easy to analyse in comparison of qualitative design. With the help of
quantitative design, the researcher can get very consistent, dependable along with precise data
about the oil and gas project. It can see that it gives permission to the local condition as well as
requirements of stakeholders. In this way, the researcher can determine the possible causes of the
specific occasion in different viewpoint as that provided by quantitative research.
Further, there are also some weaknesses of the quantitative research design. The main
disadvantages of quantitative research design is that it is costly as well as time consuming for the

RESEARCH 3
researcher. In addition, the researcher will also be not able to represent the targeted audience in
proper manner. It is also very difficult to analyse data about the oil and gas project. By following
the quantitative research design, the researcher only can get limited results in relation to the risk
and challenges in making investment decisions in upstream oil and gas industry, as well as
factors to be considered to sustain oil and gas project in developing nations (Zyphur and Pierides,
2017).
Recommendation to maximise reliability as well as validity of data to be collected
It is recommended that if the researcher is utilising the survey as primary data collection method
then it is required to focus on the validity as well as reliability of survey. The validity is related
to the accuracy of the survey. It is depended on asking the question that truly measures what is
supposed to be evaluated (Samii, 2016). On the other hand, the reliability is related to the
consistency or a level to which the questionnaires utilised in the survey elicit the similar type of
data each time they are asked. For maximizing the validity of data to be collected, it is required
to utilise sufficient questions evaluate competence. It is also suggested to ensure that respondents
are familiar with assessment users interface. Additionally, it is also suggested to ensure
consistent environment for the respondents.

RESEARCH 4
References
Brannen, J. ed. (2017) Quantitative research. New York: Routledge.
Goertzen, M.J., (2017) Introduction to Quantitative Research and Data. Library Technology
Reports, 53(4), pp.12-18.
Samii, C., (2016) Causal empiricism in quantitative research. The Journal of Politics, 78(3),
pp.941-955.
Zyphur, M.J. and Pierides, D.C., (2017) Is quantitative research ethical? Tools for ethically
practicing, evaluating, and using quantitative research. Journal of Business Ethics, 143(1), pp.1-
16.