Zailani, M B; Abubakar, M and Muhammad, A (2019) Assessment of barriers to risk management implementation in small construction projects in Nigeria. African Journal of Built Environment Research, 3(1), pp. 15-28. ISSN 2414-0236
Abstract
Managing project risk in construction is becoming increasingly critical for ensuring that project objectives are met effectively. Due to the innate characteristics of small construction projects, they are prone to more risks as they face more challenges than the large ones. However, previous studies indicated that the Small and Medium Companies (SMCs) mainly contracting small projects did not attach adequate importance to Risk Management (RM) in small projects. This study investigates the implementation of RM in small construction projects in Nigeria in terms of barriers to its implementation and measures for overcoming them. A structured questionnaire was developed and used to collect data from construction managers. The data were analyzed using both descriptive and inferential statistics. The findings revealed that lack of knowledge and experience, tight schedules and cost of project are the major barriers to RM in Nigeria. It was seen that contractors bid for projects without RM implementation which in turn affects their profit margin. More so, the attitude of construction participants is another problem to risk management. Increases in understanding of the concept of RM by managers is viewed as the most effective measure for overcoming lack of implementation of RM in small projects in Nigeria.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Nigeria; risk management; small projects; questionnaire survey |
| Index terms: | manager, becoming, face, Nigeria, profit, survey, construction project, risk management, questionnaire, construction manager, statistics, implementation, small project |
| Subjects: | production management, Geography, philosophical process, data collection methods, risk assessment, profession, mathematical modelling, practitioner, psychology, contractual arrangements, economic analysis |
| Topics: | Research Practice, Geographical Context, Project Management, Business Strategy, Procurement, Risk Management, Roles and Professions, Organizational Design |
| Descriptive scope: | 4 PCEA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here