+234 8146561114 (MTN) or
+2347015391124 (AIRTEL)

AN INVESTIGATION INTO RISK MANAGEMENT PRACTICES AMONGST QUANTITY SURVEYORS IN THE CONSTRUCTION INDUSTRY OF NIGERIA

USER'S INSTRUCTIONS: The project work you are about to view is on "an investigation into risk management practices amongst quantity surveyors in the construction industry of nigeria" Please, sit back and study the below research material carefully. This project topic "an investigation into risk management practices amongst quantity surveyors in the construction industry of nigeria" have complete 5(five) Chapters. The complete Project Material/writeup include: Abstract + Introduction + etc + Literature Review + methodology + etc + Conclusion + Recommendation + References/Bibliography.Our aim of providing this "an investigation into risk management practices amongst quantity surveyors in the construction industry of nigeria" project research material is to reduce the stress of moving from one school library to another all in the name of searching for "an investigation into risk management practices amongst quantity surveyors in the construction industry of nigeria" research materials. We are not encouraging any form of plagiarism. This service is legal because, all institutions permit their students to read previous projects, books, articles or papers while developing their own works.


TITLE PAGE


BY

---
EE/H2013/01430
DEPARTMENT OF CIVIL ENGINEERING
SCHOOL OF ENGINEERING
INSTITUTE OF ---

DECEMBER,2018



APPROVAL PAGE

This is to certify that the research work, "an investigation into risk management practices amongst quantity surveyors in the construction industry of nigeria" by ---, Reg. No. EE/H2007/01430 submitted in partial fulfillment of the requirement award of a Higher National Diploma on civil Engineering has been approved.

By
Engr. ---                                                     Engr. ---
Supervisor                                                  Head of Department.
Signature……………….                           Signature……………….        

……………………………….
 Engr. ---
External Invigilator



DEDICATION
This project is dedicated to Almighty God for his protection, kindness, strength over my life throughout the period and also to my --- for his financial support and moral care towards me.Also to my mentor --- for her academic advice she often gives to me. May Almighty God shield them from the peril of this world and bless their entire endeavour Amen.



ACKNOWLEDGEMENT

The successful completion of this project work could not have been a reality without the encouragement of my --- and other people. My immensely appreciation goes to my humble and able supervisor mr. --- for his kindness in supervising this project.
My warmest gratitude goes to my parents for their moral, spiritual and financial support throughout my study in this institution.
My appreciation goes to some of my lecturers among whom are Mr. ---, and Dr. ---. I also recognize the support of some of the staff of --- among whom are: The General Manager, Deputy General manager, the internal Auditor Mr. --- and the ---. Finally, my appreciation goes to my elder sister ---, my lovely friends mercy ---, ---, --- and many others who were quite helpful.


PROJECT DESCRIPTION: This work “an investigation into risk management practices amongst quantity surveyors in the construction industry of nigeria” research material is a complete and well researched project material strictly for academic purposes, which has been approved by different Lecturers from different higher institutions. We made Preliminary pages, Abstract and Chapter one of “an investigation into risk management practices amongst quantity surveyors in the construction industry of nigeria” visible for everyone, then the complete material on “an investigation into risk management practices amongst quantity surveyors in the construction industry of nigeria” is to be ordered for. Happy viewing!!!


ABSTRACT

Quantity surveying is concerned with controlling and managing construction projects. The Nigerian construction industry is faced with uncertainties. With construction targets not being met and high rate of abandoned construction projects, there is great need for proper risk assessment and implementation. Managing risks in construction projects have been recognized as a very important process in order to achieve project objectives in terms of time, cost, quality, safety and environmental sustainability (Mills, 2001). Project risk management is an iterative process: the process is beneficial when is implemented in a systematic manner throughout the lifecycle of a construction project, from the planning stage to completion.
Risk management has become an integral process in managing construction projects. Construction project activities are to be well calculated in-order for the deliverable to be of great use and benefit to its stakeholders. To complete most construction projects on time, minimizing cost and wastages proper risk management techniques must be employed (Tchankova, 2002). According to Mills (2001), systematic risk management is expecting the unexpected or in other words it is a tool which helps control risks in construction projects and its objective is to introduce a simple, practical method of identifying, assessing, monitoring and managing risk in an informed and structured way.
Normally, in risk management process, the first steps will involves risk identification process which includes the prioritization process in order to identify and rank the risk based on its impact and seriousness. Risk that will have a greater impact on a project normally will be handled first and low impact risk will be handled later.
Construction project team consist of professional such as the architect, engineer, and the quantity surveyor that will help to assist and advice the client in order to meet all the project objectives in term of time, quality and cost. Awareness and knowledge on risk management is very crucial so that they will deal with the risk properly which will directly leads to project success. Due to this scenario, this research aims to identify the level of awareness of construction professional specifically Nigerian quantity surveyors towards risk management. Apart from that, it will also aim to identify how risk management being implemented in the Nigerian construction industry and also the potential barrier and challengers in the implementation of risk management specifically from the quantity surveyor's point of view.

1.2                                           STATEMENT OF THE PROBLEM
Embarking on a construction project involves taking risks, as the Nigerian construction industry is not risk-free. No matter how small or simple is the project it is still can go wrong as soon as the two parties, the employer and the contractor signed a contract they have taken onboard the risk (Sawczuk, 1996). The individual in the construction industries that undertake various activities are heterogeneous since client, consultant and contractors have different roles and objectives (flanagan, 1995). Risk management in Nigerian construction industry is actually not widely being practiced.
According to Burchett (2009), Risk in construction, however cannot be eliminated, but it can be minimized, transferred or retained. However, the industry has a very poor reputation for managing risk, with many projects failing to meet deadlines and cost argents (Mills, 2001). In practice, normally in order to deal with the unexpected event, there will be an allocation about 10 percent from the estimated cost of the proposed construction project as a contingency sum. Earlier observation shows that the risk management process is not widely being implemented in Nigerian construction industry. For this reason, this research seeks to identify the barriers and challenges for the implementation of risk management in the Nigerian construction industry.

1.3                                           OBJECTIVES OF THE STUDY
The aim of this research is to investigate the practice of risk management amongst the construction practitioners specifically the quantity surveyor in the Nigerian construction industry.
In order to achieve the aim of the study, specific objectives for the study are:

  1. To evaluate the quantity surveyor's level of awareness and acceptance on Risk Management practice.
  2. To identify the current practice of risk management amongst Quantity Surveyors’.
  3. To examine the barriers and challenges to the implementation of risk management in construction project from the quantity surveyor's point of view.

1.4                                                       RESEARCH QUESTIONS

  1. What is the quantity surveyor's level of awareness and acceptance on Risk Management practice?
  2. What is the current practice of risk management amongst Quantity Surveyors’?
  3. What barriers and challenges face the implementation of risk management in construction project from the quantity surveyor's point of view?

1.5                                                       RESEARCH HYPOTHESIS

  1. Ho: Awareness and acceptance of risk management practices do not aid quantity surveyors in attaining contruction project objectives
  2. Hi: Awareness and acceptance of risk management practices aid quantity surveyors in attaining construction project objectives

1.6                                           SIGNIFICANCE OF THE STUDY
Findings of this study will aid Nigerian quantity surveyors in appreciating the importance of adopting proper risk management techniques in their daily jobs. Since risk management is not widely being adopted in Nigerian construction industry, this research will help to promote the practice of risk management among the industry's players.
In addition to this, being an inter-discipline type of research, both the consultants and contractors and also the industry as a whole may benefit from the outcome of the research and have better understanding on risk management.

1.7                                           SCOPE AND LIMITATION OF STUDY
This research study will focus on risk management practices adopted by quantity surveyors in Uyo Local Government area of Akwa Ibom State, Nigeria.
All findings and recommendations from the study are limited to findings and recommendations based on the chosen sample size.
In carrying out this study, the researcher was faced with time and finance constraints, as lectures did not give room for more time to extend the research time frame. Finance on the other hand made printing, transportation to cover a wider area difficult.

1.8                                                       DEFINITION OF TERMS
RISK- This is the potential of losing something of value, weighed against the potential to gain something of value.

RISK PERCEPTION- Risk perception is the subjective judgment people make about the severity of a risk, and may vary person to person

PRACTICE- is the act of rehearsing a behavior over and over, or engaging in an activity again and again, for the purpose of improving or mastering it, as in the phrase "practice makes perfect

QUANTITY SURVEYOR- a Quantity Surveyor (QS) is a professional working within the construction industry concerned with construction costs and contracts.

CONSTRUCTION- In the fields of architecture and civil engineering, construction is a process that consists of the building or assembling of infrastructure. Far from being a single activity, large scale construction is a feat of human multitasking. Normally, the job is managed by a project manager, and supervised by a construction manager, design engineer, construction engineer or project architect.
RISK MANAGEMNENT- is the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities.


CHAPTER TWO: The complete chapter two of “an investigation into risk management practices amongst quantity surveyors in the construction industry of nigeria” is available. Order full work to download. Chapter two of “an investigation into risk management practices amongst quantity surveyors in the construction industry of nigeria” consists of the literature review. In this chapter all the related work on “an investigation into risk management practices amongst quantity surveyors in the construction industry of nigeria” was reviewed.

CHAPTER THREE: The complete chapter three of “an investigation into risk management practices amongst quantity surveyors in the construction industry of nigeria” is available. Order full work to download. Chapter three of “an investigation into risk management practices amongst quantity surveyors in the construction industry of nigeria” consists of the methodology. In this chapter all the method used in carrying out this work was discussed.

CHAPTER FOUR: The complete chapter four of “an investigation into risk management practices amongst quantity surveyors in the construction industry of nigeria” is available. Order full work to download. Chapter four of “an investigation into risk management practices amongst quantity surveyors in the construction industry of nigeria” consists of all the test conducted during the work and the result gotten after the whole work

CHAPTER FIVE: The complete chapter five of design and construction of a “an investigation into risk management practices amongst quantity surveyors in the construction industry of nigeria” is available. Order full work to download. Chapter five of “an investigation into risk management practices amongst quantity surveyors in the construction industry of nigeria” consist of conclusion, recommendation and references.



To "DOWNLOAD" the complete material on this particular topic above click "HERE"

Do you want our Bank Accounts? please click HERE

To view other related topics click HERE

To "SUMMIT" new topic(s), develop a new topic OR you did not see your topic on our site but want to confirm the availiability of your topic click HERE

Do you want us to research your new topic? if yes, click "HERE"

Do you have any question concerning our post/services? click HERE for answers to your questions

You can also visit our facebook Page at fb.me/hyclas to view our related construction (or design) picture.


For more information contact us through Any of the following means:

Mobile No :+2348146561114 or +2347015391124 [Mr. Innocent]

Email address :engr4project@gmail.com

Watsapp No :+2348146561114

To View Our Design Pix: You can also visit our facebook Page at fb.me/hyclas for our design photos/pics.


COUNTRIES THAT FOUND OUR SERVICES USEFUL

Australia, Botswana, Canada, Europe, Ghana, Ireland, India, Kenya, Liberia, Malaysia, Namibia, New Zealand, Nigeria, Pakistan, Philippines, Singapore, Sierra Leone, South Africa, Uganda, United States, United Kindom, Zambia, Zimbabwe, etc
Support: +234 8146561114 or +2347015391124
Watsapp No
:+2348146561114

E
mail Address :engr4project@gmail.com


CLICK HERE FOR MORE RELATED TOPICS/MATERIAL

IF YOU ARE SATISFIED WITH OUR SERVICES, PLEASE DO NOT FORGET TO INVITE YOUR FRIENDS AND COURSEMATES TO OUR PAGE.