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A comparative study on risk management practices between international and local contractors in the Ethiopian roads construction industry
The objective of the study is to compare the road construction risk management practices of Local and International road contractors in Ethiopia and recommend possible ways of improving the practice of road construction risk management. Questionnaire, Checklist and interview were used as qualitative and quantitative data collection tools in this research. The main method applied for classification of data is tables. The analysis of data involved computation of statistical tools such as frequency, percentage analysis, Chai square and binomial test techniques and (SPSS) version 20 to indicate the level of agreement or significance of each question applied to analyze. From the summarized analysis result,25 essential elements of the road construction risk management practices local and international road contractors similar on only 6 elements which is 24% and varies with 18 elements which is 76%. The study investigated that there is limited understanding of road construction risk management practices among the local stakeholders. In addition, there is no formal method of risk mitigation strategies used by the stakeholders. Considering the assessment made through the checklist, the results showed that there is limited knowledge and understanding of road construction risk identification related concepts. Generally, it was also found that the lack of joint risk management practices by stakeholders and shortage of knowledge on road construction risk management practices were the most common barriers, and in the life cycle of road projects, critical risks at the planning and design stages are mostly allocated to the client or consultant while at the construction stage a high percentage of critical risk is allocated to contractors. The study concludes that risk management should be a shared responsibility among stakeholders to the contract and education on road construction risk management is needed to ensure quality construction activities at all phases of the project life cycle.
A comparative study on risk management practices between international and local contractors in the Ethiopian roads construction industry
The objective of the study is to compare the road construction risk management practices of Local and International road contractors in Ethiopia and recommend possible ways of improving the practice of road construction risk management. Questionnaire, Checklist and interview were used as qualitative and quantitative data collection tools in this research. The main method applied for classification of data is tables. The analysis of data involved computation of statistical tools such as frequency, percentage analysis, Chai square and binomial test techniques and (SPSS) version 20 to indicate the level of agreement or significance of each question applied to analyze. From the summarized analysis result,25 essential elements of the road construction risk management practices local and international road contractors similar on only 6 elements which is 24% and varies with 18 elements which is 76%. The study investigated that there is limited understanding of road construction risk management practices among the local stakeholders. In addition, there is no formal method of risk mitigation strategies used by the stakeholders. Considering the assessment made through the checklist, the results showed that there is limited knowledge and understanding of road construction risk identification related concepts. Generally, it was also found that the lack of joint risk management practices by stakeholders and shortage of knowledge on road construction risk management practices were the most common barriers, and in the life cycle of road projects, critical risks at the planning and design stages are mostly allocated to the client or consultant while at the construction stage a high percentage of critical risk is allocated to contractors. The study concludes that risk management should be a shared responsibility among stakeholders to the contract and education on road construction risk management is needed to ensure quality construction activities at all phases of the project life cycle.
A comparative study on risk management practices between international and local contractors in the Ethiopian roads construction industry
Eshetu Adugna (author) / Geremew Sahilu, PhD (author)
2017-01-05
doi:10.20372/nadre:1547549947.91
Theses
Electronic Resource
English
DDC:
690
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