An Assessment On The Risk Management Practice Of Construction Projects; Case Study Of Addis Ababa Saving Houses Development Enterprise
| dc.contributor.advisor | Bekalu, Wubishet (PhD) | |
| dc.contributor.author | Erstu, Lidya | |
| dc.date.accessioned | 2018-11-08T07:10:15Z | |
| dc.date.accessioned | 2023-11-04T14:28:42Z | |
| dc.date.available | 2018-11-08T07:10:15Z | |
| dc.date.available | 2023-11-04T14:28:42Z | |
| dc.date.issued | 2017-06-11 | |
| dc.description.abstract | Managing risk is an essential process for project success. Risks are unseen events that could have a positive or a negative impact on the project success. Managing risks and preparing risk management plan will help the project to identify and estimate the level of the impact of the risk and help for prior preparation to risk impacts. The purpose of this study is to assess the risk management practice of the construction projects in the specific case of Addis Ababa Saving Houses Development enterprise. The enterprise is managed by the Ethiopian government and the study specifically focused on 40/60 housing project. The enterprises risk management practice was measured by three variables; risk management method, lifecycle risk management and risk culture. questionnaire was developed based on the three variables mentioned. The data obtained from the questionnaire was analyzed quantitatively using SPSS software. The data collected from interview and open ended questions were analyzed qualitatively. The quantitative data were presented using tables and the qualitative data was used to support and elaborate the quantitative data. From the quantitative and qualitative data it was found that the enterprise doesn't use scientific and proper risk management. Risks arise at each stage of project and these risks are managed throughout the project lifecycle. The risk culture of the enterprise is recently developing. Trainings and experience sharing were made to increase employee awareness of risk management. Top level managers still have not realized the importance of established risk management system. The absence of risk management system is creating negative financial, schedule and quality impacts. To overcome the condition mentioned above, the researcher suggested, ownership and accountability of risks to be created to minimize risk occurrence. Separate risk management department should be created and once created proper division and assignment of responsibility should be made regarding risk management. enterprise need to be more flexible and it should have a fixed communication centre for risks. Furthermore, frequent trainings need to be made to deepen the concept of risk management and its importance into employees mind to enable them to manage risks on their everyday work. At enterprise level risk aspects should be incorporated in the principles and strategies | en_US |
| dc.identifier.uri | http://etd.aau.edu.et/handle/123456789/13929 | |
| dc.language.iso | en_US | en_US |
| dc.publisher | Addis Ababa University | en_US |
| dc.subject | Risk | en_US |
| dc.subject | Risk management | en_US |
| dc.subject | Risk management method or system | en_US |
| dc.title | An Assessment On The Risk Management Practice Of Construction Projects; Case Study Of Addis Ababa Saving Houses Development Enterprise | en_US |
| dc.type | Thesis | en_US |