Assessment of Home-Based Nigerian Engineers on Risk Management Approach during Project Implementation

摘要

The objectives of this paper are to identify possible gaps in identification, evaluation, analysis,implementation and effectiveness of risk management approaches among home-based consulting Engineers in Nigeriavis-à-vis the implementation of such practices. Structured Questionnaire method was adopted as the survey instrumentto collect data centred on issues on the subject matters. Out of 80 questionnaires distributed, 61 were returned and 6 ofthe returned responses rendered invalid leaving 55 valid questionnaires. The Analysis of Variance (ANOVA) andCorrelation methods were adopted for statistical analysis with respect to which four hypotheses based on the subjectmatter were formulated and evaluated using the F-and Correlation statistics. The first premised on risk identificationresulted in comparative F-statistics of Fcal = 0.057592 Fcrit = 2.866081, the second on risk evaluation yieldedFcal = 0.194683 Fcrit = 2.866081 while the third based on risk management implementation resulted in Fcal =0.093474 Fcrit = 2.866081. The results of the first three hypothesis indicted the home-based Consulting Engineersof not identifying, analysing/evaluating and implementing risk management approaches in project executionrespectively. The fourth hypothesis premised on correlation between management approach and policy implementationyielded a correlation statistics of 0.501642 establishing a positive correlation between the two among the home-basedConsulting Engineers. The study thus establishes risk management practices as key to successful project managementand its neglect as major causal factor for project failures in Nigeria.