Risk Management

Tawalbeh, Lo’ai

doi:10.1007/978-3-030-41987-5_6

Cited by 1 publication

(2 citation statements)

References 12 publications

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“…Risks should always be considered when embarking on any construction project. The risks associated with construction projects delivery maybe high, but when identified is half way towards the management of its effects and impact on construction project delivery (Loai, 2020). If a risk is not identified, then there is no way of mitigating what is unknown.…”

Section: Introductionmentioning

confidence: 99%

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The Identification of Risks and its Criticality in the Nigeria Construction Industry

Ezeabasili¹,

Dim²,

Ezeabasili³

et al. 2021

Int. j. eng. manag. res.

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Failure in project delivering can be attributed to many risk events in the Nigerian Construction Industry. This risk could be as a result of the dynamic, sensitivity, and complexity of the construction Industry towards its environment, socio-political, economic, technology, and cultural variables in Nigeria. Nevertheless, the low level of Risk Management in Nigeria construction Industry, and the little understanding and knowledge of the subject by Project Stakeholders prompt this study. A quantitative method of research was carried out, and among the sixty (60) questionnaires administered to clients, consultants, and contractors in the Nigerian construction industry, thirty-one (31) valid responses were obtained. The questionnaires were designed on the twenty (20) types of risks that were identified by construction professionals which were categorized into five namely; Government and Politics; Finance and Economical; Management and Technology; social and Cultural; Natural and Environmental Risks. And, findings made revealed that economic and financial risks surpass all other types in the Nigeria Construction Industry.

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Section: Introductionmentioning

confidence: 99%

“…4 shows the level of criticality of the 20 risks were analysed initially from the viewpoint of the 31 respondents before each group is evaluated independently to differentiate or compare them.…”

mentioning

confidence: 99%