Project Management: Analyzing Risk Attitude in the UK Oil & Gas Sector

This report delves into project management within the UK oil and gas sector, focusing on the inherent risks and attitudes towards them. It outlines the research methodology employed, including research questions, data collection methods (both primary and secondary), research design (descriptive), data analysis techniques (quantitative and qualitative), research approach (deductive), and research philosophy (positivism). The study identifies problems and risks within the UK oil and gas sector and proposes mitigation strategies. Data was gathered through online surveys and interviews with industry professionals. The analysis utilizes both quantitative and qualitative data analysis techniques to provide a comprehensive understanding of the relationship between project management and risk attitude. The report also addresses ethical considerations relevant to the research.

Running head: PROJECT MANAGEMENT AND ATTITUDE TOWARDS RISK
Project management and attitude towards risk
(Analysis of the UK oil and gas sector)
Name of the Student
Name of the University
Author’s Note

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Table of Contents
Research Methodology....................................................................................................................3
Research questions.......................................................................................................................3
Data collection methods..............................................................................................................4
Research design...........................................................................................................................5
Data Analysis...............................................................................................................................7
Research Approach......................................................................................................................9
Research Philosophy..................................................................................................................10
Ethical Consideration.................................................................................................................11
Appendix........................................................................................................................................13

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Research Methodology
Research methodology is a process, which helps in explaining the research questions
included in the research. Research methodology helps in understanding the process of carrying
out the research in a scientifically way. The Research techniques and tools are described in by
the chapter. The Data collection and analyzing technique has been discussed in the topic. The use
of the research design have helped in providing a proper description to design of research.
Selection of data collection process has been properly justified in the study. In addition, the
approach of the research is apportioned essentially into two arrangements, information gathering
system and data research considering. Analysis of data and information collected from various
sources have been proposed in this chapter.
Research questions
The research question are as following:
 What are the problems faced in the UK oil and gas sector?
 What are the risks involved in the UK oil and gas sector?
 What are recommended strategies for mitigating these problems in the UK oil and gas
sector?
These research questions have been crea6ed using the concept of the research study and
different current scenario in the literature and the rationale of the study. The current problems
faced by the UK oil and gas industry has been focused in research. The research has focused on
the concept of oil and gas industry in the UK. The problems in oil mining in project has been
identified. Different contracts have been related to the UK oil and gas sector. The primary aim of
research is to understand leadership in offshore engineering construction in the engineering

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market. The cost arrangement strategy has been discussed in the chapter. The purpose of the
doing the research is to analyze the project management risks and threats. The use of project
management in the study have helped in intoning the timeline of the research. Various tool and
techniques of the project management t ca be accessible for other people, project outcome can be
so boring. The use of the Australian Bureau policies have helped in maintaining the ethical
consideration in the research.
Data collection methods
Data collection is a process by which data and information related to the study are
collected properly. However, data collection methods are divided into two types including
primary and secondary method. The primary data collection deals with the raw data collected
from the primary sources. Primary data collection method can be divided into two types
including qualitative and quantitative data collection method. Quantitative data collection
method refers to the mathematical calculation data and information in the research. These
methods include online survey questionaries’ with close-ended questions related to the UK oil
and gas sector. Quantitative methods are cheaper than that of other data collection methods and
take short time for completion. Qualitative research methods contradicts the mathematical
approach in the data collection. It is rather close to emotions, feelings, sounds and words.
However, qualitative data collection methods include data collection from open-ended questions
in the interviews, focus groups and observations. This research has used primary data collection
method to collect data samples for the research study. An online survey form has been created
and uploaded on the website. The use of online survey form have helped in collecting data and
information from participants of the survey. The population size of the survey have been 120
workers in the oil and gas sector in the UK. Random sampling method has been used to select 75

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workers from the total population. Therefore, the sample size for the research is 75 workers of
the oil and gas sector in the UK. The primary data collection method has been selected as this
method help in collecting huge number of data and information in a smaller amount of time.
However, qualitative data collection method has been selected for collecting data and
information. Five open-ended questions have been asked to the three managers of the oil and gas
sector companies in the UK. Their views and answers have been collected as the qualitative data.
Research design
The researcher speaks to the research plan and this research arrangement assists with
demonstrating the arrangement of the research subject. At the period of data aggregation, the
researcher gets an unmistakable approach. The research approach is helpful in portraying the
research design. There are three sorts of research plan that are considered and they are
explanatory, exploratory and descriptive. Exploratory arrangement encourages the researcher to a
mass contemplations and musings that are relied upon to complete the research. The educational
research arrangement portrays the occasion of the scenes related with the research. Eventually,
the graphic's outline will likely gather unobtrusive components with suitable portrayal of the
research subject. As indicated by Flick (2015), explore Design is a technique that aides in
gathering information and data identified with the research. Three sorts of research design are
descriptive, explanatory and exploratory. Distinct outline helps in giving observational
investigation of the research components. The researcher has utilized distinct outline min this
research. The utilization of this plan helps in giving quantitative way to deal with investigation of
accumulated information and data in regards to the research theme.
There are three sorts of research design including exploratory, explanatory and
descriptive research plans. Exploratory research is for most part worried over the issue of the

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examination that has not been discussed. Descriptive design contemplations in understanding
conditions and delayed consequences of two components.
In this research, the researcher has chosen enlightening exploration configuration
recalling a definitive target of the exploration. In this exploration, the researcher has utilized both
essential and optional information accumulation process. With a specific genuine goal to collect
the basic data, the specialist has driven review and meeting. Exploratory structure helps an
auditor in observing specific sorts of musings and scientists required to complete a research
paper. Regardless, enlightening exploration design portrays the occasion of scenes or events and
correspondingly effect of occasion (Maxwell, 2012).
In this research, researcher has collected data from population and Descriptive research
setup gives a multifaceted technique to oversee social event and research of information. The
data gathering process is enormous as assistants are phenomenal and entrancing exploration
arrangement can give change result in information from an impressive measure of information.
Descriptive system suggests the research demand and information look into in the given subject.
Additionally, unmistakable bits of information can help researcher to pick occasions, coordinates
delineates and depicts information (Knobe and Nichols 2013). Instructive application has been
rejected for this research as Descriptive application bolsters the longitudinal research thought.
The unmistakable diagram has been picked as the picked look at outline.
Data Analysis
Data and information can be analyzed in two ways including quantitative and qualitative
analysis. The quantitative data analysis deals with primary raw data that has been collected from
primary sources including online survey. Data has been properly analyzed with by quantitative

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data analysis. Results will be shown in Likert scale range from 1 to 5. The analysis has been
done with the help of graphs and tables that have helped in proper interpretation and displaying
of results for the readers.
The qualitative data analysis deals with the analysis of data collected from secondary
sources including online journals, books and reports. However, this research has used
quantitative data analysis of data. In this research, to separate the data accumulated from
research, the researcher has taken help of quantitative data research framework. In quantitative
data inquire about, the researcher researches data through numerical research and the researches
are done in light of the research questions. Moreover, quantitative data research should be done
in wake of coordinating the written work study. In this research, the researcher has associated the
quantitative data revelations with written work review region (Cicourel 2016). Quantitative
information investigation technique tests hypothesis and it develops estimate without limits. The
data disclosures have furthermore been shown in tables and research has been done in light of
revelations. Data accumulated from Interviews have been bankrupt down using subjective data
research framework. Data of the subjective research are pictures, words and challenges. As
demonstrated by Clemence et al. (2014), subjective data are accumulated into a kind of
understanding, illumination and explanation. In this research, responses of undertaking have
been shown in tables and research has been made through settling with the theoretical
perspectives. Subjective data inquire about gives help with all around research and it uses
transcendently subjective information (Silverman 2016). The subjective research examines
complex request that can give help with overseeing regard stacked request (Neuman and Robson
2014).

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Research Approach
The research approach is strategy or plan that contains refres to accumulate the data with
wide assumptions. Research approach helps about methodology that guides data social affair,
interpretation and research. As communicated by Smith (2015), ask about approach in light of
mainly look into issue. In addition, the approach of the research is apportioned essentially into
two arrangements, information gathering system and data research considering. There are two
sorts of research approach, inductive approach and deductive approach. In this research, the
researcher has embraced help of deductive procedure. The deductive approach helps in
maintaining the approach of the research in two ways including inductive and deductive. The
deductive approach helps in maintaining the focus on the goals and objectives of the research.
In this research, researcher has chosen deductive approach with a particular extraordinary
objective to lead look into. Deductive approach is critical in completing a quantitative research.
In this researcher of association, probability of meander scope change association and
undertaking targets have been taken after aide colleague that helps with make idealize look into
scope through deductive approach. Deductive approach begins from the presentation of standards
and takes after by vocations of theories. Despite what might be expected side, inductive approach
is the right invert of the deductive approach, it begins from philosophy, speculation, and starting
now and into the foreseeable future, the researcher goes for perception and declare thought.
Research Philosophy
Research philosophy is thought in regards to which information is amassed, utilized and
investigated. The gathered information must be an imperative part of research (Taylor et al.
2015). Research philosophy is by and large of three sorts, Positivism, realism and interpretivism.
Despite what might be expected side, Interpretivism hypothesis supervises humanism approach

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that is nullified by and large to standard science. Realism thinking mainly manages chance of
human character with philosophical approach. In this exploration, researcher has picked
positivism speculation to lead the researcher. The positivism philosophy manages the truth that
can be watched and depicted in the goal perspective. In this researcher, to isolate the information
gathered from investigate, the researcher has taken help of quantitative information explore
structure. In quantitative information ask about, researcher looks into the information through
numerical research and inquires about are done in light of the exploration questions. The
utilization of positivism logic has been keeping up the reasonability of the general population
and the perception of them in the exploration ponder. The researcher has confidence in the
logical approach of towards the exploration theme. The use of single independent variable has
been maintaining the complexity and reducing them up to a minimum level. Positivism has been
a particular successful development of the physical and natural sciences. The use of positivism
philosophy has been an important devilment in the research study that helps in maintaining the
scientific approach of research study. The use of typical implication of the positivism philosophy
has been maintained in the research study. Some of the variable has been properly addressed
using the constituent parts.
Positivism rationality assembles data in quantitative and subjective with a logic approach.
In addition, positivism depends on science to assemble data (Schuckert, Liu and Law 2015). In
this research, subject of research is scope organization and assignment goals, the researcher has
separated existing theories and thoughts regarding the topic. Positivism perspective in ask about
enables the researcher in looking at research to subject through investigations where quantitative
data is the essential concerned. Positivism is exceedingly composed that has offered help to
researcher to assemble the data. Specifically, positivism hypothesis depends upon generally

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quantifiable data that incite doing true research (Flick 2015). Interpretivism refers to the
subjective interpretation and intervention of the subjective reality. Therefore, the study of
phenomena in the natural environment have been maintained in order to maintain a proper
environment. The inclusion of the interpretivism philosophy has been intoning the observational
data and information of the research study. The use of interpretivism has been maintaining the
correlative analysis of the data and information of the research study.
Validity and Reliability
The validity and reliability of the sources of data and information have been properly verified.
The survey participants have been properly verified and answers are reliable and valid. In
addition, the approach of the research is apportioned essentially into two arrangements,
information gathering system and data research considering. There are two sorts of research
approach, inductive approach and deductive approach. In this research, the researcher has
embraced help of deductive procedure. The deductive approach helps in maintaining the
approach of the research in two ways including inductive and deductive. The answers and
thoughts provided by the managers in the companies have been well maintained and verified
properly. As they are the managers of a company therefore, there answers need to be reliable and
validated. The survey has been conducted with the close-ended questions, therefore, there is no
scope of providing any illogical answers ti the survey questions. Therefore, the answers
provided by the survey participants have been properly verified and validated.
Ethical Consideration
Legitimate

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The researcher took after every single lawful factor in planning the research. As research
is consolidated with respondents and principal data gathering methodology, researcher took after
30 of the Basic Law (Chapter III, Public Rights and Duties) that ensures possibility of
correspondence. The researcher has attempted to dismiss slants while investigating information
and partner with objectives. The information and data of members have been legitimately kept
up and secured by the researcher. Outcomes and results the research will not be published until
completion of research. The use of data and information for beneficial of research study has been
dine. The data and information related to the research have not been tampered or modified
during the research study. The use of the Data protection Act 1998 has helped in maintaining the
security of the data and information of participants in the survey. The use of various policies in
the research has been helping in maintaining the ethical behavior of researcher with other
researchers and participants in the research study.
Social
The research subject has not given any evil to gathering and it encouraged individuals to
give their decisions. Different sorts of reference bunches have impacted clients in three ways
including instructive impact, utilitarian impact and esteem Descriptive impact. These sorts of
impacting helps in keeping up and giving a correct choice to obtaining an item from the market.
These reference gatherings and persuasive write helps in giving an appropriate way to deal with
the viable of the items and its purchasing choice in the clients (Wojdynski and Evans 2016). In
this way, these make an extraordinary open door in the market for offering items in market by
having a decent effect in market by their upgraded nature of items and administrations.

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