TABLE OF CONTENTS

LIST OF TABLES AND FIGURES …………………………………………………………………………… 6
ACKNOWLEDGEMENT …………………………………………………………………………………………. 9
ABSTRACT ………………………………………………………………………………………………….. 10
CHAPTER 1: INTRODUCTION …………………………………………………………………………….. 11
1.1 Background …………………………………………………………………………………………………….. 11
1.2 Problem Statement …………………………………………………………………………………………… 13
1.3 Research Question and Objectives ………………………………………………………………… 14
1.4 Importance of topic ………………………………………………………………………………………….. 14
1.5 Approach ………………………………………………………………………………………………………… 15
1.6 Dissertation Roadmap ………………………………………………………………………………………. 15
1.7 Limitations ……………………………………………………………………………………………………… 15
CHAPTER 2: LITERATURE REVIEW …………………………………………………………………. 16
2.1 Introduction …………………………………………………………………………………………………….. 16
2.2 Initial Public Offering (IPO) ……………………………………………………………………………… 17
2.3 Project Risk Management …………………………………………………………………………………. 18
2.3.1 Risk Management Processes …………………………………………………………………… 19
2.3.1.1 Project Management Institute ………………………………………………………………… 19
2.3.1.2 Larson and Gray …………………………………………………………………………………… 21
2.3.1.3 Comparison between Project Management Institute and Larson and Gray’s
Risk Management Process ……………………………………………………………………………….. 22
2.3.2 Risk Breakdown Structure …………………………………………………………………………… 23
2.3.3 Lesson Learned ………………………………………………………………………………………….. 24
2.3.4 Acceptance Levels of Risk Management in Asia ……………………………………………. 25
2.4 Factors Contribute to Project Success ……………………………………………………….. 26
2.4.1 Senior Management’s Decision ……………………………………………………………………. 27
2.4.2 Role of Project Risk Management ………………………………………………………………… 28
2.4.2.1 Ability of Project Manager ……………………………………………………………………. 28
2.4.3 Timeliness …………………………………………………………………………………………………. 29
2.4.4 Communication …………………………………………………………………………………………. 29
2.4.5 Changes cause risk……………………………………………………………………………………… 31
2.5 Conclusion ………………………………………………………………………………………………………. 32
CHAPTER 3: METHODOLOGY …………………………………………………………………………… 33
3.1 Methodology Introduction…………………………………………………………………………………. 33
3.2 Research Design ……………………………………………………………………………………… 34
3.2.1 Research Philosophy…………………………………………………………………………………… 34
3.2.1.1 Positivism ……………………………………………………………………………………………. 34
3.2.1.2 Interpretivism ………………………………………………………………………………………. 35
3.2.2 Research Approach …………………………………………………………………………………….. 36
3.2.3 Research Strategy ………………………………………………………………………………………. 37
3.2.3.1 Research Choice…………………………………………………………………………………… 38
3.2.4 Sampling – Selecting Respondents ……………………………………………………………….. 39
3.2.5 Time Horizons …………………………………………………………………………………………… 42
3.3 Data Collection ………………………………………………………………………………………………… 42
3.3.1 Primary Data Collection ……………………………………………………………………………… 43
3.3.1.1 Face-to-face interview ………………………………………………………………………….. 44
3.3.1.2 Electronic Interviews ……………………………………………………………………………. 45
3.3.2 Secondary Data Collection ………………………………………………………………………….. 47
3.4 Data Analysis Procedures …………………………………………………………………………………. 47
3.5 Research Ethics ……………………………………………………………………………………………….. 48
CHAPTER 4: DATA ANALYSIS ……………………………………………………………………………. 49
4.1 Involvement of Project Manager in Project Risk Management of IPO ……………………. 49
4.2 Involvement of Project Risk Management in IPO Project ……………………………………… 52
4.3 Risk Management Process in IPO ………………………………………………………………………. 53
4.3.1 Risks Identification …………………………………………………………………………………….. 53
4.3.2 Risks Prevention ………………………………………………………………………………………… 54
4.3.3 Risk Assessment ………………………………………………………………………………………… 55
4.4 IPO Success …………………………………………………………………………………………. 55
4.5 IPO Success Factors ……………………………………………………………………………….. 56
4.6 Project Risks Management Practices ………………………………………………………………….. 56
CHAPTER 5: DISCUSSION …………………………………………………………………………………… 58
5.1 Risks and Factors that Impact on IPO …………………………………………………………………. 59
5.2 Tools and technique used in identifying and accessing the risks in IPO project ……….. 61
5.3 Contribution of the Study ………………………………………………………………………………….. 62
5.4 Limitation of Study ………………………………………………………………………………………….. 62
CHAPTER 6: CONCLUSION AND RECOMMENDATION …………………………………… 63
6.1 Introduction …………………………………………………………………………………………………….. 63
6.2 Conclusion ………………………………………………………………………………………………………. 63
6.3 Recommendations ……………………………………………………………………………………………. 64
6.3.1 Researchers for Future Works ……………………………………………………………………… 64
6.3.2 Investment Bank ………………………………………………………………………………………… 64
REFLECTION ON LEARNING …………………………………………………………………………….. 65
BIBLIOGRAPHY …………………………………………………………………………………………………… 72
APPENDICES …………………………………………………………………………………………….. 78
APPENDIX 1: Interview Questions …………………………………………………………………………. 78
APPENDIX 2: Time Plan ………………………………………………………………………………………. 80
APPENDIX 3: Dissertation Meeting /Progress Monitoring Report: …………………………….. 81
APPENDIX 4: Transcript for four interviewees through face to face interviews and one
interviewee through Facebook Messenger interview. …………………………………………………. 87
APPENDIX 5: Information Sheet for Participants …………………………………………………… 103
APPENDIX 6: Informed Consent Form …………………………………………………………………. 105