Open AccessProject Risk Management Process and Performance of Mpazi Channel Construction Project in Nyabugogo, Kigali-Rwanda
Author(s) -
Liliose Igihozo,
Eugenia Nkechi Irechukwu
Publication year - 2022
Publication title -
journal of strategic management
Language(s) - English
Resource type - Journals
ISSN - 2616-8472
DOI - 10.53819/81018102t2047
Subject(s) - project risk management , risk management plan , statistics , project management , descriptive statistics , standard deviation , population , risk management , stratified sampling , project plan , correlation coefficient , sample (material) , operations management , risk assessment , computer science , engineering , mathematics , project portfolio management , it risk management , business , medicine , systems engineering , environmental health , marketing , procurement , chemistry , computer security , finance , chromatography
The general objective of this research was to assess the risk management process and project performance. The descriptive research design with a mixed qualitative and quantitative approach was used to a sample of 118 respondents selected from 168 target population using stratified sampling technique and Sloven’s formula. SPSS Statistical software was used in the analysis of the collected data into descriptive statistics by the help of mean and standard deviation. The inferential statistics were also analyzed as regression and correlation analysis. The results of this research have shown that project risk identification and performance of Mpazi channel construction project has a highly positive and significant relationship, with a coefficient of correlation of 0.970 and sig=.000, which is less than 0.05 level significance. The correlation results have also revealed r=0.979 and sig=0.00 which is less than 0.05 level of significance, hence proving a highly positive and significant relationship between project risk management strategy and performance of Mpazi channel construction project. The correlation results have also shown an r =0.985 and sig=0.00 which is less than 0.05 proving significant and positive relationship between project risk plan response and Mpazi Channel construction project performance. The research also found that a combination of project risk identification, risk management plan and risk plan response contributed to 97.5 percent (R2= 0.975) of the Mpazi Channel construction project success. Thus, the researcher concluded that the project risk management procedure has an impact on the performance of the Mpazi Channel construction project. Basing on the findings of the study, researcher recommends that a formal and planned project risk management procedure should be implemented throughout project planning to key construction personnel, support staff, and laborers. Keywords: Project Risk Management Process, Project Performance, Construction, Rwanda