Influence of Risk Management on Project Performance: A Case of Investment and Mortgage Bank (I&M Bank) Building Project in Nyarugenge District (2018-2022)
DOI:
https://doi.org/10.53819/81018102t2221Abstract
This research is investigating the influence of risk management on project performance: a case of investment and mortgage bank (I&M Bank) building project in Nyarugenge. This research achieved the following objectives: to examine the influence of risks identification on performance of Investment and Mortgage Bank building project in Nyarugenge district; to analyze the influence of risks analysis on performance of Investment and Mortgage Bank building project in Nyarugenge district; the influence of risks response on performance of Investment and Mortgage Bank building project in Nyarugenge district and the influence of risks evaluation and control on performance of Investment and Mortgage Bank building project in Nyarugenge district. The population was comprised of respondents of Investment and Mortgage Bank building project in Nyarugenge district in different departments targeting 151 respondents. The study adopt primary and secondary data to get all information needed in this study, the quantitative data was analyzed using descriptive and inferential statistics after running the data collected through the Statistical Package for Social Sciences. The coefficients for the predictor variables show that Risks identification has a coefficient of (β= 0.193, t=2.449, p value=0. 016) indicates a significant influence of risks identification on performance of I&M Bank building project in Nyarugenge district, Risks analysis has a coefficient of (β= 0.173, t=2.235, p value=0.021) indicates a significant influence of risks analysis on performance of I&M Bank building project in Nyarugenge district, Risks response has a coefficient of (β= 0.247, t=2.881, p value=0.005) indicates a significant influence of risks response on performance of I&M Bank building project in Nyarugenge district, Risks evaluation and control has a coefficient of (β= 0.264, t=3.274, p value=0.001) indicates a significant influence of risks evaluation and control on performance of I&M Bank building project in Nyarugenge district. As indicated by their associated Sig. Values below 0.05, all these coefficients have significant effect on Performance of project. Investment and Mortgage Bank building project in Nyarugenge district is recommended to have effective communication with employees about the company's risk assessment recommended, as it will help them understand the approach to risk management.
Keywords: Risk Management, Risks Identification, Risks Analysis, Risks Response, Risks Evaluation and Control, Project Performance
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