Assessment Of Project Risk Management Practice The Case Of Addis Ababa City Road Authority

The purpose of this paper is to assess project risk management practice at Addis Ababa City Road Authority; the study was descriptive by its type and data was obtained using purposive sampling methods; the sample size of the study was determined to be 40 respondents working actively on project from contractors, consultants and the Addis Ababa City Road Authority. Closed-ended questionnaires were administered to respondents while interview with three project managers. The questionnaires covered main aspects of risk management including the overall project risk management, risk identification, risk analysis and risk monitoring and controlling. The finding of the study indicated absence of risk management policy or guideline, lack of responsible person and department to manage risk, no standard risk management process. Moreover risk is managed by the project managers only rather than to be seen as a common prime activity for project manager and consultant and to have specialized risk management team. In line with this risk identification, risk analysis and risk monitoring and controlling aren’t undertaken in a way to mitigate project risk that will happen. Somehow in the authority there is an attempt which has been undertaken intuitively to manage project risk rather than scientifically. Some recommendations were given amongst them were the authority shall give emphasis establishing the risk management system, recruiting and providing training for the staff

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