EXPLORING PROJECTS RISK MANAGEMENT PRACTICES OF NIGERIA BUILDING CONTRACTORS.

• <p> <b>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;TABLE OF CONTENTS&nbsp;</b></p><p>DECLARATION OF AUTHENTICITY............................................................................ii</p><p>&nbsp;ABSTRACT..................................................................................................................iii</p><p>&nbsp;ACKNOWLEDGEMENTS...........................................................................................iv</p><p>&nbsp;DEDICATION...............................................................................................................v</p><p>&nbsp;TABLE OF CONTENTS............................................................................................vi&nbsp;</p><p>LIST OF TABLES ........................................................................................................x&nbsp;</p><p>LIST OF FIGURES .....................................................................................................xi&nbsp;</p><p>

Chapter ONE

INTRODUCTION

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

Chapter TWO

LITERATURE REVIEW

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

Chapter THREE

RESEARCH METHODOLOGY

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

Chapter FOUR

DATA PRESENTATION AND ANALYSIS

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

Chapter FIVE

SUMMARY, CONCLUSION AND RECOMMENDATIONS

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