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Please use this identifier to cite or link to this item: http://hdl.handle.net/123456789/7043

Title: Managing technical risk in Ghanaian Construction Projects
Authors: Nsobila, Asamannaba Godwin
Issue Date: 24-Mar-2015
Abstract: Many previous studies have been conducted within the field of risk management but each presents a different approach to this concept. Not much has been done on managing technical risk which in most cases is the root of majority of risk found in the construction industry and runs through the project life cycle. As part of a much larger project aiming to articulate and manage key risks associated with construction projects, this research seeks to identify, prioritize and develop a risk checklist of major technical risk that have the ability to greatly endanger the success of Ghanaian projects. A qualitative approach was employed to develop an initial understanding of sources and types of risk considered as technical in the construction industry which served as a base for further decision making. Thirty three (33) key risks were identified under four categories thus: feasibility stage, design stage, tendering stage and construction stages, based on which questionnaires were developed and administered randomly to 50 experts in the construction industry in Western and Central Regions of Ghana. These questionnaires consisted of two sections, section one gather information on the respondent while section two ask respondents to review and indicate the likelihood of occurrence and impact of the risks. A likert scale was used to rank these risks as high, medium and low for likelihood of occurrences of risks and the level of impact of each of the risk base on cost, time and quality of the project as high, medium and low. Data from the questionnaires were analyzed using average means and significant index methods. The research found that all the 33 identified risks affected both projects cost and time, whilst only 25 affected quality of projects. It was evident from the ranking of these risks that the impact of risks on projects varies from one objective to the other.
Description: A thesis submitted to the School of Graduate Studies Kwame Nkrumah University of Science and Technology Kumasi in partial fulfillment of the requirements for the degree of Master of Science In Construction Management, 2014
URI: http://hdl.handle.net/123456789/7043
Appears in Collections:College of Architecture and Planning

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