Assessment Of The Project Risk Management Practice Of 20/80 Condominium Housing Project: The Case Of Bole Arabsa Site

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Addis Ababa University


The performance of construction projects is considerably affected by project risks in terms of cost, time and quality. Risks in the construction industry are not limited to construction projects as it is largely presumed. However, construction companies are not observed trying to cope up with them. The objective of the study to assess the risk management practice of 20/80 condominium housing project in Bole Arrabsa-6. The study is of a descriptive type, which made use of both qualitative and quantitative approaches as methodology to address the research objective. Data was collected via semi structured questioners and open-ended interview questions effectively. Among 107 employees working as the contractor and consultant in the companies being involved in the project, questionnaires were distributed to 55 engineers working in different positions and interview was made with the site manager and construction manager. Participants who involved in completing the questioner were selected using purposive sampling. Descriptive statistics was used to summarize the quantitative data compiled by SPSS 21. Data were summarized using measures of central tendency. The study generally revealed that the housing and development agency is practicing risk management in an ad-hoc manner, where there is no well designed and workable policy being implemented to guide the risk management and no enough attention is given to risk planning to channel the risk identification, analysis and response concurrently with the project plan and objective. Based on this finding the study has provided recommendations on how to apply risk management process practice in 20/80 condominium housing project.



Risk management, Risk management practices, construction risk management