ASSESSMENT OF BARRIERS TO RISK MANAGEMENT (RM) IMPLEMENTATION IN SMALL CONSTRUCTION PROJECTS IN NIGERIA
ASSESSMENT OF BARRIERS TO RISK MANAGEMENT (RM) IMPLEMENTATION IN SMALL CONSTRUCTION PROJECTS IN NIGERIA
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Date
2019
Authors
MAHMUD, Bello Zailani ABUBAKAR, Muawiya ABDULLAHI, Muhammad
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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 (KM)
in small projects. This study investigates the; implementation of KM 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 KM in Nigeria. It was seen that contractors bid for projects
without KM 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 KM in small projects in Nigeria.
Description
Department of Building, Ahmadu Bello University, Zaria-Nigeria
Department of Quantity Surveying, Ahmadu Hello University, Zaria-Nigeria