IMPEDIMENTS TO RISK ASSESSMENT TECHNIQUES IN PUBLICPRIVATE PARTNERSHIP CONSTRUCTION PROJECTS IN ABUJANIGERIA
DOI:
https://doi.org/10.11113/mjce.v26.15897Keywords:
Impediments, assessment techniques, risk management, PPP, NigeriaAbstract
The risk inherent in the construction delivery has been identified as major causes of time and cost overruns in Nigeria construction industry, as such delivery and process of public infrastructure is a risky trade. Limited knowledge of the risk management techniques could result in not meeting the overall objectives of the project. The study was aimed at assessing the impediments to risk assessment techniques in Public-Private Partnership (PPP). Data for the study were gathered through the self-administration of 306 well-structured questionnaires using the simple random sampling technique to the construction professionals and private construction developers who had experience in the execution of PPP projects. Quantitative risk assessment techniques such as sensitivity analysis, scenario analysis and probability analysis percentage level of awareness were 40.1, 29.1 and 23.8 respectively, while the percentage extent of usage were 39.9, 34.0 and 37.2 respectively. In a related development, the qualitative risk assessment techniques such as probability impact table, priority table and iso-risk curves percentage level of awareness were 44.3, 38.6 and 27.5 respectively while the percentage extent of usage were 27.0, 32.8 and 26.6 respectively. Updating the knowledge base of the people responsible for the use of these risk assessment techniques by attending training and workshops in the relevant area will improve the level of awareness and the extent of usageReferences
Adelusi A. K. (2009). Assessment of risk and risk management stages in Nigerian Construction Industry. Unpublished B. Tech degree thesis, Department of Quantity Surveying, Federal
Uni versity of Technology, Akure, Nigeria.
Agyakwa-Baah, A., Chileshe, N. & Fugar, F.D.K. (2010). Perceptions to barriers to risk assessment and management practices deployment: Opinion survey findings. Journal of
Construction, 3(2), 17-23
Animashaun, A. M. (2011). Public-Private Partnership as a Policy Strategy of Infrastructure Financing in Nigeria. Retrieved on 24th February, 2013 from njpg.pactu.edu.np/njpgfiles/4
Babbie, E. & Mouton, J. (2005). The practice of social research, South African edition. Cape Town: Oxford University Press.
Blaxter, L., Hughes, C. & Tight, M. (2006). How to research. 3
rd edition. England: Open University Press.
Chapman, R.J. (2001). The controlling influences on effective risk identification and assessment For construction design management. International Journal of Project Management
, 147- 160.
Chapman, C. B. and S. C. Ward. (2003). Project Risk Management: Processes, Techniques and Insights. 2nd edition. Chichester :John Wiley and Sons.
Chileshe, N. & Kikwasi, G.J. (2013). Perception of barriers to implementing risk assessment and management practices by construction professional in Tanzania. In Simth, S.D. and
Ahiaga-Dagbui, D.D. (Eds) Proceedings of the 29th Annual ARCOM Conference, 2nd – 4 th September, Reading, UK, Association of Researchers in Construction Management, 1137-1146
Collis, J. & Hussey, R. (2003). Business research: A practical guide for undergraduate and postgraduate students. 2nd edition. New York: Palgrave Macmillan.
Crafford, G. J. (2007). Client views of construction and design team competencies. Unpublished PhD thesis. Department of Construction Management, Nelson Mandela Metropolitan University, Port Elizabeth, South Africa.
Creswell, J.W. (2009). Research Design: Qualitative, Quantitative and Mixed Methods Approaches. 3rd edition. California: Sage publications, Inc.
Dada J.O (2010). Strategies for mitigating risk in construction projects. Risk Management in Construction. Proceedings of the 40th annual general meeting/ conference of the Nigerian Institute of Building.
David, M. & Sutton, C.D. (2004). Social research: The basics. 1
st edition. California: Sage Publications Inc.
Delmon J. (2000). BOO/BOT projects: a commercial and contractual guide. Sweet & Maxwell Limited, London, 1 (1), 40–62.
Dikmen, I., Birgonul, M. t., Anac, C., Tah, J. H. M., & Aouad, G. (2008). Learning from risks: A Tool for post-project risk assessment. Automation in Construction, 18, 42–50.
Enshassi. A, Mohamed. S and Abu-Mosa J. (2008). Risk Management in building projects in
Palestine contractors‟ perspective. Emirates Journal for Engineering Research, 13(1), 29-44.
Grace, K.O. (2010). An assessment of the Construction Site Risks–related factors. Risk Management in Construction. Proceedings of the 40th annual general meeting/ conference
of the Nigerian Institute of Building.
Hillson, D. (2004). Effective opportunity management for projects – exploiting positive risk. New York: Marcel Dekker.
Hwang, B.-G., Zhao X, and Gay M. J.S. (2012) Public private partnership projects in Singapore: factors, critical risks and prefer risk allocation from the perspective of contractors, International Journal of Project management, 30, 1-10
Jagboro, G. O. (2007). An evaluation of the impact of risk on project cost overrun in the Nigerian construction industry. Journal of Financial Management of Property and Construction, Nigeria, 12, 37 – 44.
Joshua O. D. (2010) Stratage For Mitigating Risk In Construction Projects. Risk Management in Construction. Proceedings of the 40th annual general meeting/conference of the Nigerian
Institute of Building.
Karisa, R. André, D. (2006). Private-public partnership initiatives around the world: learning from the experience. Retrieved on January, 16, 2012 from www.ir.canterbury.ac. nz/bitstrea
KarimiAzari A., Mousavi, N.S., Farid, M.S.F & Hosseini, S. (2011). Risk assessment model selection in construction industry. Journal of Expert Systems with Applications, 38, 9105– 9111
Kaoje, B.B, (2010) risk management in construction using web-based collaboration to manage project risk. Risk Management in Construction. Proceedings of the 40th annual general meeting/conference of the Nigerian Institute of Building
Li, B, Akintoye, A and Hardcastle, C (2001). Risk analysis and allocation in public private partnership projects. 17th Annual ARCOM Conference. University of Salford. Association of Researchers in Construction Management, 1(1), 895-904.
Mills, A., (2001). A systematic approach to risk management for construction, Structural Survey. 19( 5), 245-252
Morenikeji, W. (2006). Research and Analytical Methods (for Social Scientists, Planners and Environmentalists). Jos: Jos University Press Limited.
Morledge, R., Smith, A. & Kashiwagi, D.T. (2006). Building Procurement. Oxford, UK: Science
Mullai, A.(2006). Risk management system-risk assessment frame works and techniques, Turku: DaGoB Publication
Nassir, D., McCabe, B. and Hartono, L (2003). Evaluating Risk in Construction schedule Model (ERIC-s): Construction schedule Risk Model. Construction Engineering and Management, 129 (5), 518 – 527.
NPPPR (2012). Nigeria Public Private Partnership Review: Where are we? 1 (1). Retrieved on April 15, 2012; from www.detailsolicitors.com/media/archive2/.../pppreview.pdf
Odeyinka, H.A. and Iyagba, R.I (2000). Risk Management in Construction to Avoid Cost Overrun, Nigeria Institute of Quantity Surveyors,31, 14 – 21 Olugbodi, K. (2012). Assessment of selected public-private partnership projects in the FCT,
Abuja. Unpublished Master of Science Degree thesis. Department of Urban and Regional Planning Faculty of Environmental Design Ahmadu Bello University, Zaria, Nigeria.
Patrick. X.W. Z., Guomin Z., Jia-Yuan W. (2006). Identifying Key Risks in Construction Projects: Life Cycle and Stakeholder Perspectives. Retrieved on December 24th 2012 from http://prres.net/Papers/Zou_risks_in_construction_projects.pdf.
Royer, P.S.(2000) Risk Management: The Undiscovered Dimension of Project Management. Projec Management Journal, 31(1) 6-13.
Shen L, Platten A., Deng X. P.(2006). Role of public private partnerships to manage risks in public sector projects in Hong Kong. International Journal of Project Management, 24,587–594
Simu K. (2006). Risk Management in Small Construction Projects. Department of Civil and Environmental Engineering, LuleÃ¥ University of Technology Division of Architecture and Infrastructure :57 -1757li c -- 06 â„5.
Sutrisna, M. (2009). Research methodology in Doctoral research: Understanding the meaning of conducting qualitative research. Proceedings of the Association of Researchers in Construction Management (ARCOM) Doctoral Workshop held in Liverpool John Moores University. Conducted by ARCOM Liverpool, UK: ARCOM.
Tar, J. H.M. and Carr, V. (2000). A Proposal for Construction Project Risk Assessment Using Fuzzy Logic, Construction Management and Economics, 18,491-500.
Thaheem J. (2012) A review of quantitative analysis techniques for construction project risk management, Creative construction conference, Budapest, Hungary.
Uher, T. (2003). Programming and Scheduling Techniques, Sydney, UNSW Press.
UNESCAP (2011). A Guidebook on Public-Private Partnership in Infrastructure. United Nations Economic and Social Commission for Asia and the Pacific. Retrieved on 27th December,
from www.unescap.org/.../PPP/text/ppp_guidebook.pdf
Zayed, T., Amer, M., & Pan, J. (2008). Assessing risk and uncertainty inherent in Chinese highway projects using AHP. International Journal of Project Management, 26, 408- 419.
