EXPLORING PROJECTS RISK MANAGEMENT PRACTICES OF NIGERIA BUILDING CONTRACTORS.

•                                  TABLE OF CONTENTS DECLARATION OF AUTHENTICITY............................................................................ii ABSTRACT..................................................................................................................iii ACKNOWLEDGEMENTS...........................................................................................iv DEDICATION...............................................................................................................v TABLE OF CONTENTS............................................................................................vi LIST OF TABLES ........................................................................................................x LIST OF FIGURES .....................................................................................................xi 

Chapter ONE

INTRODUCTION

• ...........................................................................................................1 
• 1.1Background.............................................................................................................1 
• 1.2Problem Statement...............................................................................................3 
• 1.3Aim and Objectives................................................................................................5 1.
• 3.1Aim.....................................................................................................................5 1.
• 3.2Objectives...........................................................................................................5 1.
• 3.3Research Questions..........................................................................................5 
• 1.4Significance of Study ............................................................................................5 
• 1.5Methodology..........................................................................................................6 
• 1.6Scope of Study......................................................................................................7 
• 1.7Structure of the Report ........................................................................................7 
• 1.8Chapter summary...................................................................................................8 

Chapter TWO

LITERATURE REVIEW

• .........................................................................................................9 
• 2.1Introduction ...........................................................................................................9 
• 2.2Overview of Nigeria`s Economy and the Construction Industry.............................9 
• 2.3Overview of Project and its lifecycle ..................................................................10 2.
• 3.1Construction projects .......................................................................................12 
• 2.4Project Management...........................................................................................14 2.
• 4.1Project Management Processes.......................................................................16 
• 2.5Risk overview......................................................................................................16 2.
• 5.1Risk and Uncertainty........................................................................................20 2.
• 5.2Sources of risks .............................................................................................22 2.
• 5.3Identification of Risk Factors in Construction Projects...................................24 2.
• 5.4Classification of risks.......................................................................................26 
• 2.6Overview of Risks Management .......................................................................28 2.
• 6.1Risk Management Process...............................................................................29 2.
• 6.2Construction risk management approach-Conceptual Model..........................32 
• 2.7Contributory Risk Factors in Nigeria ..................................................................44 2.
• 7.2Internal Risk Factors in Nigeria .......................................................................47 
• 2.8Conclusion.........................................................................................................48 
• 2.9Chapter summary................................................................................................48 

Chapter THREE

RESEARCH METHODOLOGY

• ...................................................................................................49 
• 3.1Introduction .......................................................................................................49 
• 3.2Research Strategy .............................................................................................49 
• 3.3Research design ................................................................................................50 
• 3.4Research population ...........................................................................................50 
• 3.5Sample Size .......................................................................................................51 
• 3.6Sample method ...................................................................................................52 
• 3.7Limitation of the research....................................................................................52 
• 3.8Questionnaire design ..........................................................................................53 
• 3.9Data collection.....................................................................................................53 
• 3.10Data analysis.....................................................................................................54 
• 2.6Chapter Summary..............................................................................................55 

Chapter FOUR

DATA PRESENTATION AND ANALYSIS

• ...................................................................................................56 
• 4.1Introduction .........................................................................................................56 
• 4.2Organization Profile of Respondents...................................................................56 
• 4.3Risk Factors Identification and Severity ..............................................................58 4.
• 3.1Identified Risk Factors .....................................................................................58 4.
• 3.2Severity of Identified Risk Factors on Construction Projects..........................63 4.
• 3.3Overall risk significance ..................................................................................71 
• 4.4Risk Management Practices of Ghanaian Contractors .....................................72 4.
• 4.1Preventive Risk Management Actions.............................................................72 4.
• 4.2Remedial Risk Management Method (Actions) ..............................................74 4.
• 4.3Risk Analysis Technique .................................................................................75 
• 4.5Chapter Summary................................................................................................76 

Chapter FIVE

SUMMARY, CONCLUSION AND RECOMMENDATIONS

• ........................................................................................................77 SUMMARY, CONCLUSION AND RECOMMENDATION .......................................77 
• 5.1Introduction ........................................................................................................77 5.
• 2.Summary of Findings.........................................................................................77 5.
• 2.1Identify risk factors that typically affect construction projects in Nigeria ........77 5.
• 2.2Assess the severity of the identified risks on projects .....................................78 5.
• 2.3Examine the risk management techniques that are being practiced...............78 
• 5.3Conclusion............................................................................................................79 
• 5.4Recommendation.................................................................................................80 REFERENCES .......................................................................................................82 APPENDIX – QUESTIONNAIRE..............................................................................95