The Identification of Risks and its Criticality in the Nigeria Construction Industry

International Journal of Engineering and Management Research

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Field Value
 
Title The Identification of Risks and its Criticality in the Nigeria Construction Industry
 
Creator A.C.C. Ezeabasili
N. U. Dim
C.A.C Ezeabasili
J. J. Obiefuna
 
Subject Construction Industry
Nigeria
Economic
Environment
Risk Management
 
Description Failure in project delivering can be attributed to many risk events in the Nigerian Construction Industry.  This risk could be as a result of the dynamic, sensitivity, and complexity of the construction Industry towards its environment, socio-political, economic, technology, and cultural variables in Nigeria.  Nevertheless, the low level of Risk Management in Nigeria construction Industry, and the little understanding and knowledge of the subject by Project Stakeholders prompt this study.
A quantitative method of research was carried out, and among the sixty (60) questionnaires administered to clients, consultants, and contractors in the Nigerian construction industry, thirty-one (31) valid responses were obtained.  The questionnaires were designed on the twenty (20) types of risks that were identified by construction professionals which were categorized into five namely; Government and Politics; Finance and Economical; Management and Technology; social and Cultural; Natural and Environmental Risks. And, findings made revealed that economic and financial risks surpass all other types in the Nigeria Construction Industry.
 
Publisher Vandana Publications
 
Date 2021-02-05
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://www.ijemr.net/ojs/index.php/ojs/article/view/688
10.31033/ijemr.11.1.9
 
Source International Journal of Engineering and Management Research; Vol. 11 No. 1 (2021): February Issue; 58-62
2250-0758
2394-6962
 
Language eng
 
Relation https://www.ijemr.net/ojs/index.php/ojs/article/view/688/797
 
Rights Copyright (c) 2021 International Journal of Engineering and Management Research
https://creativecommons.org/licenses/by-nc-nd/4.0
 

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