Limitations of Risk Identification Tools Applied in Project Management in the Nigerian Construction Industry
Journal Title: JOURNAL OF ADVANCED RESEARCH IN CONSTRUCTION AND URBAN ARCHITECTURE - Year 2018, Vol 3, Issue 3
Abstract
The success of risk management (RM) relies significantly on front-end processes such as risk identification (RI). However, dimensions of procedural issues in RM performance have witnessed limited research attention across project management literature. This study examined RI practices of project managers in the Nigerian construction industry to unravel weaknesses in applied tools and their manifest problems. Explorative study involving mixed research approach was conducted. The sample frame involved certified project managers in the Nigerian construction industry. Data analysis involved Conversational Analysis, Mean Item Score, and one-sample Chi-Square tests. The findings revealed that applied RI tools are inherently ripped with many defects including inability to mapped risks holistically, inhibition of interdisciplinary actions, and exclusion of relevant stakeholders. These lapses further trigger poor RM performance by promoting boxed opinion, overture of one professional’s experience above others, biases, and inhibition of knowledge dissemination. Improvement is therefore required to re-engineer applied RI practices to ensure collaboration among stakeholders and quantitative appraisal of mitigation strategies for improved project risk management performance.
Authors and Affiliations
Samuel Ekung
Keywords
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