An Assessment on the Risk Management Practices of Construction Projects: The Case of China Jiangxi Corporation for International Economic and Technical Cooperation
| dc.contributor.advisor | Teklegiorgis Assefa (PhD) | |
| dc.contributor.author | Bemnet Tirusew | |
| dc.date.accessioned | 2024-03-07T12:09:35Z | |
| dc.date.available | 2024-03-07T12:09:35Z | |
| dc.date.issued | 2022-06 | |
| dc.description.abstract | Construction projects are unique and complex involving sophisticated technology and structures that are fraught with risk and uncertainty. Effectively Managing risks will help projects in identifying and estimating the level of risk impact and help for prior preparation to risk impacts and its essential for project success. The aim of this study is to assess the risk management practice of the construction projects in the specific case of China Jiangxi Corporation for International Economic and Technical Cooperation. The company’s risk management practice was measured by two variables; risk management processes and life cycle of risk management. Descriptive research design was applied and data were collected through questionnaire and interview. The total sample size of 46 was chosen and questionnaires were distributed to them. Using SPSS software, the data from the questionnaire was quantitatively analyzed. The information gathered through interviews was qualitatively analyzed. Tables were utilized to present the quantitative data, while qualitative data was used to support and elaborate the quantitative data. From the quantitative and qualitative data it was found that the company doesn't use scientific and proper risk management. Risks emerge at every stage of a project, and they are not effectively managed throughout the project life cycle. The lack of a risk management system has a detrimental influence on finances, schedule, and quality of the project. The researcher recommended that the company create a risk management plan, assess the effectiveness of its project risk management practice, assign risk management ownership, establish a risk department, encourage risk communication, and embed risk management practice in daily project activities using appropriate tools and techniques to overcome the situation. Key words: Risk, Project Risk Management and Chinese Construction Projects | |
| dc.identifier.uri | https://etd.aau.edu.et/handle/123456789/2242 | |
| dc.language.iso | en_US | |
| dc.publisher | Addis Ababa University | |
| dc.title | An Assessment on the Risk Management Practices of Construction Projects: The Case of China Jiangxi Corporation for International Economic and Technical Cooperation | |
| dc.type | Thesis |