Assessment Of The Practice Of Project Risk Management System In Ethio-Telecom
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Date
2018-06-04
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Addis Ababa University
Abstract
The purpose of the study was to assess the practice of project risk management in Ethio-Telecom in order to address the gap between theory and actual implementation practices. Probabilistic sampling method was used to determine the sample size from the targeted population and then questionnaire was deployed to collect primary data needed for analysis. The analysis was done using project risk management practices of risk planning, identification analysis, response strategy and monitoring and controlling from project management body of knowledge as bench mark which was descriptive research method. The findings of the practice indicated that risk management plan tools like expert judgment, meetings or others and relevant stakeholders were involved for risk planning. The risk identification process revealed that methods like expert judgment, checklist, document review, and information gathering, and assumption analysis were used to identify project risks. The most common risk sources in the project include technical, financial, human and environmental cases. Results in risk analysis process imply that risk characteristics were considered, and project documents were updated after risk assessment. All the risk response strategies (control, avoidance, transfer and acceptance) were exercised but there was not well-developed strategy that considered factors such as budget, schedule and resources and quality while responding to risk. The practice of risk monitoring and controlling was not effective because project performance was not evaluated against risk. There was not transparent communication, periodic review and response audit of the project risk. The overall outcome of the study indicates that risk management was practiced but there is a gap between the theory of project risk management and the actual practice that is performed in the projects
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Keywords
Risk management, project management