Purpose -The purpose of this paper is to evaluate the adoption of qualitative risk analysis techniques (QRAT) on construction projects in Nigeria with the aim of providing better understanding on the state of these techniques. Design/methodology/approach -A questionnaire survey and an in-depth interview were employed in gathering data for the study. The paper assessed the level of knowledge, awareness, utilization success and the factors affecting the utilization of qualitative risk analysis techniques. The primary data employed were obtained by using a multiple-choice questionnaire administered to the selected large construction firms in Nigeria. Findings -The result of the study revealed a low level adoption of QRAT, thus preventing the Nigerian construction industry from taking full advantage of QRAT in the analysis of risks inherent in construction projects. Also checklists, flowchart and assumption analysis were the commonly used QRAT in the study area. Furthermore, inadequate training and record keeping on risk management contributed largely to the factors affecting the utilization of QRAT on projects. Research limitations/implications -Multiple-choice questionnaires administered to the respondents (architects, quantity surveyors, builders, structural engineers, civil engineers, mechanical and electrical engineers) were limited to the selected large construction firms in the category D of the Nigerian Federal Tender Board. Practical implications -The construction sector has not taken full advantage of QRAT in the analysis of risks inherent in construction projects. This has been responsible for cost and time overruns usually recorded. Analysing risks will help the stakeholders in assessing degrees of project complexity and better manage the potential risks that might be induced to different levels of construction projects in Nigeria in order to achieve hitch free construction project delivery. Originality/value -This empirical inquiry provides strong evidence on the state of qualitative risk analysis techniques of construction projects in Nigeria. The findings provide insightful perspectives to understand construction project QRAT in its entirety. For stakeholders, understanding and addressing the complexity help to improve project planning and implementation.
Purpose – The purpose of this paper is to evaluate the adoption of quantitative risk analysis techniques (QRAT) on construction projects in Nigeria with a view to providing better understanding on the state of these techniques. Design/methodology/approach – Questionnaire survey was employed in gathering data for the study. The paper assessed the level of knowledge, awareness, utilization, success and the factors influencing the adoption of QRAT. The primary data employed were obtained by using multiple-choice questionnaire administered to the selected large construction companies in Nigeria. Findings – The result of the study revealed a low level adoption of QRAT, and this inhibits Nigerian construction industry from taking full advantage inherent in QRAT. Also, it prevents the analysis of risks peculiar to construction projects. Furthermore, inadequate training and record keeping on risk management were identified as significant factors affecting the adoption/utilization of QRAT on construction projects. Research limitations/implications – Multiple-choice questionnaires administered to the respondents (architects, quantity surveyors, builders, structural engineers, civil engineers, and mechanical and electrical engineers) were limited to the selected large construction companies in the category D of the Nigerian Federal Tender Board. Originality/value – This empirical inquiry provided strong evidence on the state of QRAT of construction projects in Nigeria. The findings revealed insightful perspectives to understand construction project QRAT in its entirety. For stakeholders, understanding and addressing the complexity help to improve project planning and implementation.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
customersupport@researchsolutions.com
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.