| Abstract: | The general objective of the study was an assessment of the project risk management
practices in the case of Heineken Kilinto Phase III Project. The respondents were
selected by using non probability sample approach particularly judgmental sampling
technique to include Heineken Kilinto Phase III Project project management, project
technical support and project operation support teams who are believed to have
knowledge in one or more of the steps of project risk management process. Structured
questionnaire was distributed to 148 respondents and a total of 131 responses were
collected. In-depth interview was conducted with the senior management of the project
and the organization. The collected data was entered SPSS Statistics for analysis.
Descriptive data analysis technique was used in which frequencies, mean, standard
deviations and percentages were calculated. The transcribed qualitative data was
categorized under each thematic area of the study and were narrated in detail. Lack of
formal training of project staffs on project risk management, poor practice of risk
management planning, lack of participation of stakeholders and beneficiaries on the
process of risk identification, lack of effort by the management to maximize opportunities
and poor practice of risk monitoring and control were the major finding of the study. The
implementing partner and /or the project (Heineken Kilinto Phase III) should work on
organizing detailed training to its staff on project risk management and proactive
response strategy to manage security risks, should have risk management plan which
outline the risk management tools and techniques to be used, outline risk ownership and
required risk management budget. The company should also focus on increased
participation of beneficiaries and stakeholders in the process of risk identification. |
