Assessment of the Effectiveness of Risk Management Practice: The Case of Ethio Telecom Msag Upgrade Project
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Date
2022-06
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Addis Ababa University
Abstract
The main purpose of this study was to assess the effectiveness of risk management practice: the case of Ethio telecom MSAG upgrade project. This study used both explanatory and descriptive research designs. And was used mixed or both quantitative and qualitative approaches. The project risk management system has been evaluated in line with the five risk management processes, planning, identification, analysis, response, and monitoring. The questionnaire was distributed to 20 respondents based on each risk management process. The data from the questionnaire was quantified using SPSS software and the data collected from the survey was analysed quantitatively. The numerical information is presented using tables and figures. Based on the quantitative and qualitative data, the project focuses on risk management and includes risk management in the project plan. Different levels of risks are observed at each stage of the project. The shortage of project management professionals is common at all levels of risk management. In order to address the above challenges and develop better risk management, the researcher concludes: Stakeholder ownership and accountability need to play their part in the risk management process. In addition, intensive risk management training should be provided to all to enhance the risk management culture.
KEYWORDS: Risk, risk management