Evaluation of risk management practices in construction projects in rwanda

Abstract

This research found that the Rwanda construction Industry is faced with critical risk management practices on construction projects. This evaluation has identified the high likelihood of construction failures that fall under logistics, physical, construction, subcontractors, and design related factors. Risks wither remedial or by mitigation associated with the criteria of risk factors are frequently averaged, and certainly used to identify some risk factors it does not identify all of the problems that can result in failure. Similarly, the findings indicate that the most common used analysis techniques were expert systems which include software package, decision support system and computer-based analyses techniques, direct judgement using experience and personal skills, transfer or sharing risk to/with other parts and comparing analysis which means comparing similar projects with similar conditions.