Related Papers
Risk Management In Nigerian Construction Industry
2013 •
Bashir Aminu
iii The major requirement of every construction project is meeting client’s need of cost, quality and time. However, the construction industry is overwhelmed with risks more than any other industry due to the fact that they are present in every activity from design to completion. These risks need to be controlled early or face the possibility of cost overruns, time delays and poor quality work leading to displeasure of client and public. This study assesses the ways of managing the most occurring risk factors and improving risk management practice in Nigerian construction industry. Questionnaire survey was used as the survey method due to distance and logistical reasons. The questionnaire was distributed via email and respondents returned it through the same channel. The study identifies that the main problem of risk management application in Nigeria is knowledge. It was found that the best knowledge that will effectively manage project risks in the country is cost management and qu...
Qualitative and Quantitative Research Review
RISK MANAGEMENT: KEY TO SUCCESSFUL DELIVERY OF CONSTRUCTION PROJECTS IN NIGERIA
2022 •
Frank Ogedengbe
The purpose of this study is to examine the impact of risk management on the successful delivery of construction projects in the Federal Capital Territory, Nigeria. This study employed the quantitative research method, using questionnaire as a data collection instrument. A population of 648 staff spread across five construction companies selected through purposive sampling was considered. A sample size of 199 was arrived at using Yamane's (1967) sampling size technique. 100 questionnaires were administered, of which 86 were retrieved, translating to an 86% response rate. The data collected was analysed using the Statistical Package for Social Sciences (SPSS). The findings of the study revealed that market risks have a significant impact on the successful delivery of construction projects in Nigeria. It revealed that there is a positive relationship between market risks and the successful delivery of construction projects in Nigeria. However, the findings showed that technical risks have no significant impact on the successful delivery of construction projects in Nigeria. The result showed that there is a negative relationship between technical risks and the successful delivery of construction projects in Nigeria. Based on these findings, the study recommends that project managers embrace market risks, as it is anticipated that they would yield better returns and, therefore, successful
An Investigation into the Severity of Factors Predisposing Construction Projects to Risks in Nigeria
2019 •
Olufisayo Adedokun
Factors predisposing construction projects to risks have received extensive attention in the literature at the detriment of the levels of severity. This study aims at assessing the severity of these factors in Rivers State, Nigeria, with recourse to the perceptions of construction stakeholders.In achieving the aim; primary data were collected through questionnaires survey administered on 284 respondents out of which 158 received formed the basis of analysis. The respondents were directly involved in the completed projects. Cronbach alpha test with a value of 0.902 attested to the high degree reliability of instrument used in collecting the data. Kruskal Wallis H test confirmed the convergent views of the respondents. The highly rated factors found predisposing construction projects to risks included excessive approval procedures in administrative government department/bureaucracy, inadequate contractors experience, contractor’s poor site management and supervision, inadequate progra...
A Study of Risk Management As A Critical Success Factor in Nigerian Construction Projects
Chinedu Iroanyah
An Evaluation of Risk Factors Affecting Performance of Construction Projects in Southwestern Nigeria
Tai Arowojolu-Alagwe
RISK MANAGEMENT PRACTICES IN THE NIGERIAN CONSTRUCTION INDUSTRY – A CASE STUDY OF YOLA
Mahmoud Hijab Abubakar, Zaynab Belel
Proceedings of the 2019 Modular and Offsite Construction (MOC) Summit Banff, Alberta, Canada
EVALUATION OF RISK MANAGEMENT PRACTICE IN THE NIGERIA CONSTRUCTION INDUSTRY
2019 •
osunsanmi dayo
The construction industry is an essential contributor to a country’s economic growth. Unfortunately, the sector's contribution to the economy is hindered by numerous risk surrounding a construction project. Despite the harmful effect of construction risk, it cannot be eliminated but it can only be managed. Therefore, this study aimed at evaluating the practice adopted for managing construction risk within Nigeria construction industry. The quantitative research approach was adopted, and a descriptive study was selected because it gives an accurate account of the characteristics, for example, the behaviour, opinions, abilities, beliefs and knowledge of a situation or group. The questionnaire was sent out to 200 respondents out of which a total of 150 questionnaires were valid. All the valid questionnaires were analysed using SPSS v23 adopting the exploratory factor analysis method. The findings showed that just like developed countries the Nigeria construction industry adopt the best practice of risk management in construction projects. These practices include risk identification, assessment, response and control. The exploratory factor analysis revealed that under risk identification the practice adopted by the construction professionals is dived into information sourcing and history of the project. Concerning risk assessment, the practice comprises of event analysis and creating a picture of the project. The method adopted for risk response includes generating a risk reduction methodology, establishing risk management back up plan and shifting the risk to a third party. Whereas for risk control the practice consists of enhancing construction project quality and improving the program plan of the construction project. The study contributes to the better management of construction project risk in Nigeria.
Journal of Engineering, Design and Technology
An evaluation of risk factors impacting construction projects in Ghana
2012 •
Nicholas Chileshe
Assessing the Extent of Effective Construction Risk Management in Nigerian Construction Companies
Associate Professor A.Q. Adeleke, J. A Bamgbade
In this paper, the extent of effective construction risk management among Abuja Federal capital territory and Lagos state Nigeria construction companies was assessed. Then, a survey was conducted among 331 local, national and multinational construction companies within Abuja Federal capital territory and Lagos in Nigeria, using proportionate stratified random sampling, out of which 238 questionnaire were collected for data analysis. Methodologically, this research is perhaps the first to assess the extent of effective construction risk management in Abuja Federal capital territory and Lagos state Nigeria. Using the five point Likert scale categories of risk management from previous studies, statistical analysis affirmed that the overall extent of effective construction risk management among these two states is at medium level.
RISK MANAGEMENT PRACTICES IN THE NIGERIAN CONSTRUCTION INDUSTRY – A CASE STUDY OF YOLA - Zaynab Ahmad Belel and Hijab Mahmood
Science and Education Development Institute (SEDInst), Hajiya Fcda, Mahmoud Hijab Abubakar
Construction projects are complex and dynamic in nature thereby contributing to a significant amount of risks. Most of the time, these risks are not dealt with appropriately and the industry has suffered poor performance as a result. The paper assesses the practices of risk management in the Nigerian Construction Industry in Yola, Adamawa State of Nigeria. Questionnaire survey was carried out and the returned questionnaires were analyzed using the Mean Item Score (MIS) method of descriptive analysis. Insufficient skilled staff was identified as the most important source of risk in construction, lack of risk management knowledge was ranked the most severe factor that militates against the practice of risk management while contribution to project success was ranked as the most important benefit of Risk Management. It is concluded that most of the respondents do not identify risk management to be associated with the achievement of all project objectives in terms of time, cost, quality and environmental sustainability. KEYWORDS – Construction Industry, Practice, Risk Management, Nigeria, Yola.
