| Abstract: | The main objective of this paper is to assess the project risk management practice Ethiopian Road Authority. The study type was a descriptive study and the design used was purposive sampling technique to take the sample size of eighty six respondents. A questionnaire was developed to collect primary data from the employees. The questionnaire consists about general risk management practices, risk identification, risk analysis, risk monitor and control, sources of risks and their probability of occurrence and the impact of risks on quality, cost and time. The finding of the research indicated the risk identification methods mostly used are expert judgment, document review, information gathering and checklist analysis. The source of risk encountered in projects is financial and technical sources. The result on risk analysis shows the methods used are expert judgment and risk categorization. Risks that are occurred during the project work didn’t reviewed, monitored and controlled periodically and appropriately. As per RII results financial, material risks, construction, design and technical risks are the major risks on project quality, cost and time. The study recommended ERA to form risk management department/responsible body to manage a risk occurred properly with risk management process. Additionally all the risk identification, analysis, monitoring and control should be applied as per the guideline. |
