Assessment of Risk Management Practices on Success of High-rise Building Construction Projects: The Case of Banks in Ethiopia
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Date
2023-07
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Addis Ababa University
Abstract
High-rise building construction projects are complex endeavors that involve numerous risks and uncertainties. Effective risk management practices are essential to mitigate these risks and ensure
the successful completion of such projects. This study aims to assess these risk management practices on the success of high-rise building construction projects, with a specific focus on the
case of banks in Ethiopia, Addis Ababa. The research methodology employed consists of a comprehensive literature review, followed by a quantitative research methodology. Primary data
was gathered through questionnaire distributed to clients, consultants and contractors whom were involved in the high-rise building construction projects. The responses were then analyzed using SPSS version 27 and findings indicate that risk management practices significantly influence the success of high-rise building construction projects. It was observed that Risk management and control had the highest influence while Risk analysis, Risk Identification, Risk Response and Risk management planning followed. Based on the research findings, recommendations are
provided for high-rise projects to enhance their risk management practices in constructions. These recommendations development of comprehensive risk management procedures, the
provision of adequate resources, time and training for project teams and the utilization of modern technologies to support risk management activities. This study contributes to the existing body of knowledge and provides valuable insights for project managers, practitioners, and policymakers, enabling them to adopt effective risk management practices and improve the overall success
rates of high-rise building construction projects
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Keywords
Risk Management, High-rise Building Construction Projects