Risk Management and Project Completion of Bosaso International Airport Puntland, Somalia
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Date
2023-10-31
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Publisher
Kampala International University
Abstract
The study focused on risk management and project completion of Bosaso International Airport in Puntland, Somalia. The study was guided by the following objectives: i) to establish relationship between risk identification and project completion of Bosaso International Airport, ii) to assess the relationship between risk monitoring and control and project completion of Bosaso International Airport, and iii) to assess the relationship between risk analysis and project completion of Bosaso International Airport. The study employed a cross-sectional survey design, a mixed approach was used where both quantitative and qualitative approaches were used. The study population constituted 210 employees, were sample size was estimated as 132 from Krejcie and Morgan table of 1970. This study used both questionnaire and interview has the main data collection instruments. Findings from the study revealed that risk manager recognize and identify the root causes of risks and correlate them to their effects on project performance; findings on risk monitoring and control and project completion, it was found out that the company ensures installation of safety systems against any event that may lead to project delay; more so findings on risk analysis and project completion, it was found out that risk analysis is the action be taken towards the identified risks and threats. From the study findings it was concluded that the different ways in which risk management process improves Bosaso International Airport construction projects completion was identified on an extensive critical literature and empirical evidence from Construction Company using a quantitative and qualitative study results. The study also concluded that as a result of the validation process, the critical risks directly affecting the cost of Bosaso International Airport construction projects completion were found to be fluctuation of material prices; health and safety issues; bribery and corruption; material wastage; poor site management and supervision; and time overruns. The study concluded that the risk management system needs guides building construction practitioners in order to improve the performance of Bosaso International Airport construction projects completion as well as developing countries, without cost and time overruns while achieving optimal quality. From the study findings and conclusions the study recommended that construction professionals working at Bosaso International Airport project should adopt and implement the risk management system developed in this research. Building construction organisations that wish to apply this risk management system should engage its staff in construction risk management seminars, workshop or a training session to acquire all necessary knowledge and skills required to achieve its smooth implementation. At the early stage of building construction projects, it is essential that effective decisions on building construction budget, timely issuing of information, finalization of design and project management skills should be the main focus of the parties involved in project procurement process. This helps in eliminating future disputes and variations between parties during the construction stage. The training should also be an avenue where adequate guide will be given to construction workers in implementing the system. The assessment process should identify and analyse all loss exposures, and measure such loss exposures. This should guide in selection of technique or combination of techniques to handle each exposure.
Description
A Research Dissertation Submitted to the College of Humanities and Social Sciences in Partial Fulfilment of the Requirements for the Award of a Master of arts In Project Planning and Management of Kampala International University
Keywords
Risk Management, Project Completion