Project Risk Management Practices and Performance of Construction Projects: A Case of Horizon Construction in Kigali, Rwanda
DOI:
https://doi.org/10.53819/81018102t2153Abstract
The general objective was to examine the effect of project risk management on performance of construction of rehabilitation house construction in Kigali, Rwanda. The specific objectives were; to determine effect of project risk assessment, project risk base decision and project contingency decision on performance of commercial rehabilitation in Kigali. Working on that topic would provide a better way to large-scale construction projects. Other scholars who would be interested to work in the same field. The study used relevant theories such as risk management and risk assessment theories. This research used a descriptive study variables, indicators and measurement. A correlation study design was used to establish the association between variables and regression effect size for each specific objectives. The study targeted 180 staffs of Horizon Construction. A sample of 125 respondents determined using Yamane formula participated in the study process. The sample size was chosen using simple random and purposive sampling techniques. The study collected data using questionnaire and interview guide. The researcher study data using a computer based software known statistical product and service solutions to 26.0 to generate descriptive and inferential statistics. Qualitative data was analyzed using content analysis through themes and subthemes. Findings show that 57.3% show a disagreement with the analysis of risk was the focus at rehabilitation houses construction. Estimating risk given to respondents where 68.3% a positive agreement with the statement. Review technique was agreed by 85.5%. The study discovered that after having an interview with the rehabilitation houses construction. The study results show that 59.3 at a mean of 3.63 and standard deviation of 1.135 demonstrated an agreement that Horizon Construction applied managing change orders, 66.7% evidence that Horizon Construction has poorly written contact. Moreover, 63.4% accepted that the statement that Horizon Construction felt that all customers were given a time of allocation of decision and 65.4 agreed that the Horizon Construction prepared how they are managing decision with a mean of 4.18 and standard deviation of 1.14. Findings reiterate that 56.8% accepted that program management, 57.8% indicated that Horizon Construction was the implementation a mean of 4.13 and standard deviation of 1.37, 74.0% confirmed the used of program improvement with a mean of 1.85 and standard deviation of 1.28. The study recommends that the need of careful project risk management or availing the supervisor of construction work to be sure with the completion of project on time with timely. Result will minimize the effect of challenges and seizure of change that appear. The study proposed the Horizon Ltd to avail supervisory activities toward construction project or being sure that managing risks should comprise the preventive techniques or meeting the due date and effective use of resources. Benefits of risk management in projects are huge.
Keywords: Project Risk Management Practice, Risk Base Decision, Contingency Decision, Performance of Construction, Construction of Rehabilitation Houses
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