Assessment of Project Risk Management Practices in Construction of Electro-Mechanical Projects: The Case of Jehoiachin Techno PLC
| dc.contributor.advisor | Asrat, Bahran (PhD.) | |
| dc.contributor.author | Hailu, Michael | |
| dc.date.accessioned | 2022-02-15T05:43:11Z | |
| dc.date.accessioned | 2023-11-04T14:27:34Z | |
| dc.date.available | 2022-02-15T05:43:11Z | |
| dc.date.available | 2023-11-04T14:27:34Z | |
| dc.date.issued | 2021-03-02 | |
| dc.description.abstract | Risk management is a critical component to any successful engineering project. Understanding, evaluating, and planning for risk properly, enables a project to stay on schedule and avoid potential disaster. The main purpose of this research work was assessing project risk management practice in Jehoiachin techno plc during its construction of electro-mechanical projects. The study was a descriptive type, which was able to made use of both qualitative and quantitative approaches as methodology to handle the research objective. Data were collected through close and open ended questionnaire as well as semi-structured interviews. The questionnaires were distributed to 28 participants and the response rate was 89%, while five senior-level managers were also interviewed for in-depth information. The respondents comprised of project managers, Project engineers, Designers, Operation staff, procurement team and also the project commission. Using the SPSS version 26, the quantitative data were statistically analyzed using descriptive techniques and the qualitative analysis was performed by comparing the findings to literature. Additionally, reliability and validity tests were also considered. The main findings revealed that standard project risk management system has not been implemented by the organization that is the company doesn’t have established risk policy or strategy and there is no exclusive responsible person or department dealing with risk-related problems, there is also no history documentation system for documenting risks of past projects. Risks were simply addressed at the level of the management meeting after reported from site and actions were taken as required which exposing the organization to cost overruns and time delays in the projects involved. Finally, recommendations such as: formulation of Project Risk Management Policy or strategy; and establishment of a structured and disciplined approach to RM including the development of the Risk Register were suggested based on the result of the research for necessary improvement in the organization to handle the project risk issues in different levels with higher performance. | en_US |
| dc.identifier.uri | http://etd.aau.edu.et/handle/123456789/30055 | |
| dc.language.iso | en_US | en_US |
| dc.publisher | Addis Ababa University | en_US |
| dc.subject | Risk | en_US |
| dc.subject | Management | en_US |
| dc.subject | Electro-mechanical projects | en_US |
| dc.subject | Project Risk Management | en_US |
| dc.title | Assessment of Project Risk Management Practices in Construction of Electro-Mechanical Projects: The Case of Jehoiachin Techno PLC | en_US |
| dc.type | Thesis | en_US |