Evaluation of the risk management practices in the process of construction project in Anambra state, Nigeria

Author(s)

K.C. Okolie^1*, Akaogu Anthony Chukwudi², Osegbo C.U.³; Department of Building, Nnamdi Azikiwe University, Awka, Anambra State

Abstract

Risk is inherent in all construction activities and this inherent nature of risks contributes to the inability in achieving the triple constraint factors of time, budget, and quality objectives. this study is to evaluate the risk management practices in the process of construction project in Anambra state, Nigeria. Considering the nature of this research, survey research method was adopted for this research. Data for this study were obtained from both primary and secondary sources which are classified as primary and secondary data. The population of this study is the number of identified building contractors registered with the Ministry of Works, Awka and have on-going projects within the cities of Awka and Onitsha. Fifty-two (52) of such contractors were identified and considered as the population. The sample size for the study is fifty (52) being the total population. The study used the SPSS and Microsoft excel to analyze data. The results were analysed in percentages and figures using descriptive statistics and presented in the form of bar charts and tables. It was also used to rank the identified risk factors and the risk management practices being used by contracting firms.  The study revealed that Majority of the identified risks have significant effects on construction projects. It is recommended that qualified professionals be involved in construction activities in Nigeria. Quackery should be discouraged.

Keywords

risk management practices

Cite this paper

Okolie, K. C., Chukwudi, A. A., Osegbo, C.U. (2021), Evaluation of the risk management practices in the process of construction project in Anambra state, Nigeria, IRESPUB Journal of Environmental & Material Sciences. Volume 1, Issue 2, Nov-Dec 2021, Page 83-94

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