Assessment of Risk Management Practice; The Case of Selected Ngos in Addis Ababa
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Date
2024-10
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Addis Ababa University
Abstract
This research deals with risk management practices among selected NGOs in Addis Ababa. Thestudy aimed to assess project risk management practices with a focus on the risk process: risk
planning, identification, analysis, response strategy, and monitoring. NGOs play a crucial role inadvancing social welfare and problems. A variety of literature sources were reviewed. The studyused a mixed-methods approach, integrating qualitative analysis of interviews and open-endedquestions with quantitative data analysis using SPSS. The research utilized a descriptive researchdesign. A purposive sampling technique was employed. The findings of the study revealed that riskmanagement is considered during the early phases of their projects, however risk is not identifiedat every stage of the project's life cycle. Formal training for larger team needs have not been givenpriority. Most uncertainties are managed by project managers. Over the past five years, the levelof risk faced by organizations has increased. While planning a risk relevant stakeholders areparticipated but, the roles and responsibilities of stakeholders in risk management are not welldefined. The specific types of risk faced by NGOs such as financial risk, external risk, legal risk,volunteer risk, grant risk, and operational risk are commonly encountered risks. Expert judgmentis the least method used to identify risks. Risks are analyzed, but often numerical analysis is not
employed. Mitigation is the widely used response strategy. The study found that risk monitoringand control is not a continuous process. The general overview of their current risk situation is
mostly viewed annually. Finally, the study recommends to enhance risk management, it isrecommended that TaYA and Cuso International ensure continuous risk identification and
management throughout the project life cycle by engaging all team members in regular training,assessments, and reviews. And suggest for future study.
Key words: NGO, Project Management, Risk, Risk Management, Risk Process.