The Role of Risk Management Practices on Project Success in Addis Ababa City Administration
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Date
2024-10
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Addis Ababa University
Abstract
The purpose of this research was to examine the role of project risk management practices on mega projects success in Addis Ababa city administration. Explanatory research design was employed to conduct the study. Data were collected from 66 project managers and project team personnel from contractors, consultants involved in mega projects, and the client organization of the Addis Ababa city administration mega project office and other stakeholders (end users) were selected using simple random sampling method to fill out the questionnaire. A total of six top and middle level managers were selected using purposive sampling technique for an interview. The quantitative data was analyzed using descriptive, correlation and regression analysis. The result of the study shows that there was poor project risk analysis practice, risks were not adequately identified, the practice of risk response in the mega projects was moderately high, the practice of project monitoring and control in Addis Ababa City administration's mega projects lacks continuity and effectiveness and there is statistically significant relationship between risk identification, risk response, risk monitoring and evaluation and project success. However, there was no statistically significant impact on project success. To sum, the overall result of the analysis shows the projects were not reaching the desired level of success. Finally, an attempt was made to suggest some recommendations related to improve application of risk management process to enhance project success.
Key words: Risk, project success, risk management process, risk identification, risk response