Analysis Of Risk Management In Civil Engineering Projects, Akwa Ibom State

ABSTRACT

The analysis of risk management in civil engineering projects at Akwa Ibom state was carried out. The data used for the analysis was collected using questionnaires. The results from a questionnaire survey of risk management in the different phases of a construction project at Akwa Ibom State Nigeria are presented. The participants of the study were clients, contractors and consultants working in this state.  The involvement of these stakeholders in the project phases, their roles in the risk management process in particular and their influence on risk management were analyzed. It was shown that planning and production phases of a construction project are the most important for risk management, wherein risk identification, assessment and response take place. However, collaboration in terms of risk management between the key players is most intensive in these phases. Contractors participate more actively in the risk management process in comparison with other actors and have the largest influence on project risk management. Despite the recognised importance of the early phases in the project, this research shows a very low degree of risk management activity in the programme phase and encourages thorough risk analysis to overcome pushbacks and abandonment of projects to has potentials of enhancing economic growth and development.