Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
RISK MANAGEMENT PRACTICE OF OROMIA ROADS CONSTRUCTION ENTERPRISE
The road construction industry is one of the most dynamic, risky and challenging sector. Due to construction projects complexity and uniqueness, the numbers of risk affect the project objectives through cost overruns, delays and poor quality of works. Therefore, risk management should be applied as an integral part of the project management for managing these risks in particular. The purpose of this paper is to study project risk management practice through, identifying the level of awareness of workers and using formal project risk management, and study the effect of different areas and causes in meeting project objectives of Oromia Roads Construction Enterprise. Under this study different literatures were assessed to show that project risk management is a very important management in road construction projects to meet objectives, from road project conceptualization to completion. Depending up on literature review and interviews made with construction professional workers of Oromia Roads Construction Enterprise a structured questionnaire survey was organized and three highly risk prone projects were also selected for case study. The probability of occurrence and impact of each risk on project cost, time and quality was determined using mean weighted rating. The tools used for data analysis in the study were Microsoft Excel and statistical package of social science (SPSS).The findings of this research revealed that in Oromia Roads Construction Enterprise even if there was awareness of project risk management about 84.8%, 100% no formal project risk management practice and about 90.9% clear documentation was not available. Project risk management was believed that highly important at project planning and scheduling phase in project life cycle. The methods and techniques mostly to identify, asses, allocate and mitigate the project risks were highly dependent on an individual’s judgment and past experience. It was also observed that different risk areas and causes which was affect the project objectives by making cost overruns, delay and poor quality works, high risk areas revealed during assessment were inadequate site information, right of way problems, poor documentation system of risks, slow site hand over, budget constraints and ceasing of works due to rain.
RISK MANAGEMENT PRACTICE OF OROMIA ROADS CONSTRUCTION ENTERPRISE
The road construction industry is one of the most dynamic, risky and challenging sector. Due to construction projects complexity and uniqueness, the numbers of risk affect the project objectives through cost overruns, delays and poor quality of works. Therefore, risk management should be applied as an integral part of the project management for managing these risks in particular. The purpose of this paper is to study project risk management practice through, identifying the level of awareness of workers and using formal project risk management, and study the effect of different areas and causes in meeting project objectives of Oromia Roads Construction Enterprise. Under this study different literatures were assessed to show that project risk management is a very important management in road construction projects to meet objectives, from road project conceptualization to completion. Depending up on literature review and interviews made with construction professional workers of Oromia Roads Construction Enterprise a structured questionnaire survey was organized and three highly risk prone projects were also selected for case study. The probability of occurrence and impact of each risk on project cost, time and quality was determined using mean weighted rating. The tools used for data analysis in the study were Microsoft Excel and statistical package of social science (SPSS).The findings of this research revealed that in Oromia Roads Construction Enterprise even if there was awareness of project risk management about 84.8%, 100% no formal project risk management practice and about 90.9% clear documentation was not available. Project risk management was believed that highly important at project planning and scheduling phase in project life cycle. The methods and techniques mostly to identify, asses, allocate and mitigate the project risks were highly dependent on an individual’s judgment and past experience. It was also observed that different risk areas and causes which was affect the project objectives by making cost overruns, delay and poor quality works, high risk areas revealed during assessment were inadequate site information, right of way problems, poor documentation system of risks, slow site hand over, budget constraints and ceasing of works due to rain.
RISK MANAGEMENT PRACTICE OF OROMIA ROADS CONSTRUCTION ENTERPRISE
TESHOME DEMISSE GUTA (Autor:in)
01.01.2017
doi:10.20372/nadre:1550999713.55
Hochschulschrift
Elektronische Ressource
Englisch
DDC:
690
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