Assessing the Practice of Project Risk Management: The Case of World Vision Ethiopia Water, Sanitation and Hygiene (WASH) Projects
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Date
2018-06-18
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Addis Ababa University
Abstract
This paper reviews the risk management practice of World Vision Ethiopia WASH Construction projects. The study was a descriptive type and questionnaire and interview were used to collect information from 24 individuals working on the project under study. The findings obtained about the practice of risk planning revealed that the project does not include environmental factors as input to plan for uncertainties even though it is prepared with the involvement of relevant stakeholders and consideration of an expert judgment or meetings are done while planning for risks. However, team members do not receive training or have no enough knowledge about how to handle risks. Regarding the practice of risk identification, the involvement of all team members and physical inspection to identify risk is lower. However, the organization uses its experience to identify risks. The project uses a measurement system to analyze risk and subjective probability assessment to estimate the probability of risk occurrence. The consideration of the characteristics of the risk before analysis is lower practice however the project updates documents after assessment of risk that might occur. While responding to risk the project considers factors such as budget, schedule and resources and the response strategy used is a well-developed strategy. There is also a good practice of risk monitoring and control and this practice is done in accordance with the goal and objective of the project. Overall the project treat risk management as a continuous process and it has a policy or guideline that recommends how to manage unexpected Uncertainties. There is also a risk register that helps to identify and manage risks. However, the practice of assigning a responsible person or department to handle risk is weak. Therefore, the project should improve its risk management practice by filling the gap between the real practice in the project and the theory. The study will provide a direction for future research.
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Keywords
Risk Management, World Vision, WASH Projects