Assessing Project Risk Management Practices in Construction Projects: Case Study of Ayat S.C.

Abstract

In Ethiopia, It is known fact that both foreign and local construction companies are operating on grand projects across the country and one area of this is real estate mainly in the Capital Addis Ababa. Issues related to cost and time overruns are the main factors that affect performance of the projects and risk related to this factors and other unforeseen areas. With this area as a main driver, this study set major objectives of risk assessments and mitigation practice of Ayat Real Estate Company. The Study adopted both quantitative and qualitative research approach as it tries to explore the possible causes and their effect on the overall performance of the project related to risk and its practical use in the project tries to identify any week area that that could be enhanced for best performance and successful project.