Assessment of Home-Based Nigerian Engineers on Risk Management Approach during Project Implementation
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Date
2018
Authors
Ajibola, O.O.E.
Omiyale, A.D.
Ogunwolu, L.
Journal Title
Journal ISSN
Volume Title
Publisher
Journal of Applied Sciences and Environmental Management
Abstract
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 Nigeria
vis-à-vis the implementation of such practices. Structured Questionnaire method was adopted as the survey instrument
to collect data centred on issues on the subject matters. Out of 80 questionnaires distributed, 61 were returned and 6 of
the returned responses rendered invalid leaving 55 valid questionnaires. The Analysis of Variance (ANOVA) and
Correlation methods were adopted for statistical analysis with respect to which four hypotheses based on the subject
matter were formulated and evaluated using the F-and Correlation statistics. The first premised on risk identification
resulted in comparative F-statistics of Fcrit = 0.057592 < Fcrit = 2.866081, the second on risk evaluation yielded
Fcrit = 0.194683 < Fcrit = 2.866081 while the third based on risk management implementation resulted in Fcrit =
0.093474 < Fcrit = 2.866081. The results of the first three hypothesis indicted the home-based Consulting Engineers
of not identifying, analysing/evaluating and implementing risk management approaches in project execution
respectively. The fourth hypothesis premised on correlation between management approach and policy implementation
yielded a correlation statistics of 0.501642 establishing a positive correlation between the two among the home-based
Consulting Engineers. The study thus establishes risk management practices as key to successful project management
and its neglect as major causal factor for project failures in Nigeria.
Description
Keywords
Risk, Uncertainty, Risk Management, Engineering Consultants, Project Managers
Citation
Ajibola, O. O., Omiyale, A. D., & Ogunwolu, L. (2018). Assessment of Home-Based Nigerian Engineers on Risk Management Approach during Project Implementation. Journal of Applied Sciences and Environmental Management, 22(3), 308-312.