| Abstract: | This study focused on exploring the effects of risk management practice on project success in
Sunshine Construction PLC utilizing three specific sample projects as case studies. Therefore,
project team members worked on those projects implemented in the Sunshine Construction was
contacted to collect data. The researcher used well-structured questionnaires to collect data from
the respondents to investigate the effects of risk management practices on project success at
Sunshine Construction PLC, from 139 respondents. The study uses simple random sampling
technique to select respondents that have adequate knowledge and significant role in the projects.
The applications used to analyze and examine the hypotheses were the Statistical Package for
Social Sciences V.25.The descriptive statistics was used to describe the general result of the
variables. In addition, correlation analysis was done to check the correlation between the
dependent variable and the independent variables, while regression analysis was used to test the
hypotheses developed following the conceptual framework developed from the literature. Major
findings of this study indicates, risk identification, risk analysis, risk response analysis, and risk
monitoring and control have positive effects on project success in Sunshine Construction PLC.
However, risk prioritization did not indicate statistical effect on project success in Sunshine
Construction PLC in the study period. This result indicates proper risk management practice is very
important for enhancing project success. Based on the result, the study findings concludes Sunshine
Construction PLC implements systematic risk management approach to decrease risks and enhances to
achieve the organizations project objectives. Recommendations for further strengthening the risk
management framework include continuous improvement of practices, investment in employee
training, and enhanced communication of the organization's vision and mission |
