Publication Date: 2021/06/02
Abstract: Ineffective project work in the construction sector is costing employers enormously because of poor risk management at the workplace and there are huge economic disadvantages. Risk management activities in the construction industry are extremely important in determining whether a construction project is going to succeed by adopting steps to mitigate negative risks at work. The objectives of this study were to identify the most practiced risk control approach in construction projects in Sekondi Takoradi Metropolis and to identify the effective methods used in risk identification and planning in the construction industry in Sekondi Takoradi Metropolis. A sum of 96 out of the 108 respondents from two construction firms who took part in the study, Questionnaires were the primary instrument for gathering the data for quantitative and qualitative analysis based on a Five-likert scale. The mean, standard deviation and variances were determined and utilized in analyzing the opinions of all the respondents. The results revealed that about 83.4% out of the respondent agree that there is periodic reassessment of risks in the construction industry in Ghana (Mean is 4.0104, Standard Deviation of .92332, and Variance of .853) and 79.1% out of the whole sampled size in the nutshell said that they are in agreement with a mean of 3.8421 as well as a standard deviation and a variance of 1.04490 and 1.092 respectively.
Keywords: Project Management, Project Risk Management, Risk Management.
DOI: No DOI Available
PDF: https://ijirst.demo4.arinfotech.co/assets/upload/files/IJISRT21MAY481.pdf
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