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ABSTRACT
Non utilization of Formal Risk Management Techniques in project delivery by the project team has been identified as one the causes of project failure This prompts the question ‘what factors are responsible?’ This study therefore first presents Risk management in project delivery as it relates to an integrated project team as well as internal issues. It then focuses on formal Risk management techniques and their processes of implementation with a view to revealing the internal and external barriers that inhibit their utilization in project delivery in Abuja Metropolis, Nigeria. A total of 391 questionnaires were distributed to construction firms and stakeholders in ABUJA metropolis but a total of 203 firms responded. Data retrieved were analyzed using descriptive statistics, ANOVA and spearman correlation coefficients. The internal barriers were found to be cost and time intensiveness, argumentative sessions that create riskier stance including subjective judgment that lacks accurate results while the external barriers were found to be lack of risk assessment training in place, lack of collaboration by parties on a project, low level of risk consciousness, ineffective monitoring by heads of firms and lack of historical data across the project team’s spectrum. The study recommends strategies such as improving the grey areas in the implementation processes through research for internal barriers and conducting sensitization, legislation, business regulations and mandatory training to overcome the external barriers.
CHAPTER ONE
INTRODUCTION
1.1 Background to the Study
Despite its numerous challenges, it is the Construction Industry that shapes the development
parameters of any nation (Zeiss, 2007). So a firm grasp of the nature and effects of key issues
affecting the Industry is always the beginning of developmental wisdom.
The construction industry is bedeviled with global climate change, aging infrastructure,
shrinking workforce, declining productivity and information island (Akintoye and Macleod,
1997; El-sayeh, 2008; Smith, 1999 Zeiss, 2007; Hillson, 2002; Wang et al., 2004). Gandu and
Musa-Haddary (2007) in their work mentioned high risks and uncertainties as additions to these
problems.
In Nigeria, in particular, experts on management studies have lamented the complete neglect of
formal risks m
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SIMILAR QUANTITY SURVEYING FINAL YEAR PROJECT RESEARCH TOPICS
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1. APPRAISAL OF THE CHALLENGES OF E-TENDERING SYSTEM IN QUANTITY SURVEYING PRACTICE IN NIGERIA
» ABSTRACT E tendering is a veritable tool for increasing productivity and empowering construction industry professionals to take better control of the ...Continue Reading »Item Type & Format: Project Material - Ms Word | 65 pages | Instant Download | Chapter 1-5 | QUANTITY SURVEYING DEPARTMENT
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2. THE IMPACT OF PROJECT CHARACTERISTICS ON THE DIFFERENCE BETWEEN CONTRACT SUM AND FINAL ACCOUNT IN NIGERIA
» TABLE OF CONTENTS INDEX TITLE PAGE Cover Page i Title Page ii Declaration iii Certification iv Dedication v Acknowledgement vi Table of Contents vii L...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | QUANTITY SURVEYING DEPARTMENT
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3. ASSESSMENT OF THE INFLUENCE OF UNETHICAL PRACTICES ON BUILDING PROJECT COST PERFORMANCE
» TABLE OF CONTENTS Title Pages Cover page i Title Page ii Certification iii Dedication iv Acknowledgements v Table of Contents vi Abstract x CHAPTER ON...Continue Reading »Item Type & Format: Project Material - Ms Word | 63 pages | Instant Download | Chapter 1-5 | QUANTITY SURVEYING DEPARTMENT
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4. ANALYSIS OF EFFICIENCY OF AIR PASSENGER SUPPORT SERVICES A CASE STUDY OF MURTALA MOHAMMED INTERNATIONAL AIRPORT
» CHAPTER ONE INTRODUCTION 1.1 Background Of The Study Passengers leaving on a trip normally want to spend as little time as possible in the terminal. T...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | QUANTITY SURVEYING DEPARTMENT
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5. BUILDING COST MANAGEMENT IN AKWA IBOM STATE
» ABSTRACT Lack of in depth knowledge of whole life costing implication in building design cost management has over the years fueled the increasing bias...Continue Reading »Item Type & Format: Project Material - Ms Word | 71 pages | Instant Download | Chapter 1-5 | QUANTITY SURVEYING DEPARTMENT
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6. ASSESSMENT OF VALUE MANAGEMENT PRACTICES AND ITS IMPACT ON CONSTRUCTION PROJECT DELIVERY
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7. DEVELOPING A FRAMEWORK FOR THE MARKETING OF QUANTITY SURVEYING SERVICES
» ABSTRACT The Quantity surveyor who plays a key role in building and engineering project, managing the cost from inception to the completion as cost co...Continue Reading »Item Type & Format: Project Material - Ms Word | 80 pages | Instant Download | Chapter 1-5 | QUANTITY SURVEYING DEPARTMENT
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8. A PRICED BILL OF QUANTITIES FOR A TWO BEDROOM BUNGALOW
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9. ASSESSMENT OF COST OVER-RUN FACTORS IN PUBLIC BUILDING PROJECTS IN AKWA IBOM STATE
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10. distance and price of selected building materials
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