ASSESSING THE RISK MANAGEMENT PRACTICE OF TOLL ROADS EXPANSION PROJECTS IN ETHIOPIA

Abstract

Building projects are one-of-a-kind and extremely complicated, involving sophisticated technology and structures that are plagued with danger and uncertainty. As a result, having a well-articulated and experienced risk management technique is critical for project success, not just in terms of reducing negative outcomes but also in terms of maximizing opportunities. The goal of this study was to evaluate the project risk management practices of the Ethiopian toll roads Enterprise expansion building construction projects using the five project risk management processes identified through literature review: risk management planning, risk identification, analysis, response and controlling. The study employed a descriptive research design and a qualitative research approach, with semi-structured interviews serving as the primary data source and documentation analysis serving as the secondary data source. As a data collection tool, the study used semi-structured interviews and purposive sampling as a sample technique. This study revealed the significant weaknesses in the project's real risk management practice based on the analysis. This project work is not included on impact scales, risk appetite and tolerance limits, and frequency of risk management activities and reporting which needs further research on future.