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Evaluation of Risk Management Practice in the Nigeria Construction Industry

Ugwu, Moses C.; Osunsanmi, Temidayo O.; Aigbavboa, Clinton O.


Moses C. Ugwu

Clinton O. Aigbavboa


The construction industry is an essential contributor to a country's economic growth. Unfortunately, the sector's contribution to the economy is hindered by numerous risk surrounding a construction project. Despite the harmful effect of construction risk, it cannot be eliminated but it can only be managed. Therefore, this study aimed at evaluating the practice adopted for managing construction risk within Nigeria construction industry. The quantitative research approach was adopted, and a descriptive study was selected because it gives an accurate account of the characteristics, for example, the behaviour, opinions, abilities, beliefs and knowledge of a situation or group. The questionnaire was sent out to 200 respondents out of which a total of 150 questionnaires were valid. All the valid questionnaires were analysed using SPSS v23 adopting the exploratory factor analysis method. The findings showed that just like developed countries the Nigeria construction industry adopt the best practice of risk management in construction projects. These practices include risk identification, assessment, response and control. The exploratory factor analysis revealed that under risk identification the practice adopted by the construction professionals is dived into information sourcing and history of the project. Concerning risk assessment, the practice comprises of event analysis and creating a picture of the project. The method adopted for risk response includes generating a risk reduction methodology, establishing risk management back up plan and shifting the risk to a third party. Whereas for risk control the practice consists of enhancing construction project quality and improving the program plan of the construction project. The study contributes to the better management of construction project risk in Nigeria.


Ugwu, M. C., Osunsanmi, T. O., & Aigbavboa, C. O. (2019). Evaluation of Risk Management Practice in the Nigeria Construction Industry. In Proceedings of the 2019 Modular and Offsite Construction Summit (373-380).

Conference Name Modular and Offsite Construction
Conference Location Banff, AB, Canada
Start Date May 21, 2019
End Date May 24, 2019
Online Publication Date May 24, 2019
Publication Date May 24, 2019
Deposit Date Jun 30, 2022
Publicly Available Date Jul 1, 2022
Pages 373-380
Series ISSN 2562-5438
Book Title Proceedings of the 2019 Modular and Offsite Construction Summit
Keywords Risk management; Construction risk; Risk assessment; Risk control planning; Risk identification
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