Assessment of Project Risk Management Practices: The Case of Ethiopian Airlines Construction Projects
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Date
2023-07
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Addis Ababa University
Abstract
The purpose of this study was to assess Risk management practices of the projects implemented in Ethiopian Airlines construction projects. The five risk management practices of planning, identification, analysis, response, and monitoring and control are used to evaluate the project's risk management implementation. The study was a descriptive type, which made use of both qualitative and quantitative approaches as a methodology to address the research objective. 32 participants were provided with the questionnaire, which was made depending on every risk management element; 26 of them returned it, which was used for the study's analysis. The data received from interviews were examined qualitatively and used as supplementary information to the quantitative analysis of the data obtained from the questionnaire. Using the software SPSS version 26, descriptive statistics were used to explain the primary outcome of the variables. Conclusions drawn from the research shows Ethiopian Airlines implements a five-step risk management cycle adapted to international best practices. The general practices of risk management showed that there was a defined/standardized risk management processes, there exists a person or department responsible to handle risk with mainly being the project manager and all team members, and relevant stakeholders were involved in the risk planning process in the study, and planning was done methodically with care and attention. And also among project risk management
processes, it was seen that relatively Risk response was very well implemented in the project
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Keywords
Risk, Project Risk Management Practices