RISK MANAGEMENT FOR SUSTAINABLE PROJECT DELIVERY IN NIGERIA CONSTRUCTION INDUSTRY

📄 Project Abstract

Construction industry plays a decisive role in healthy development of any nation. Not only large but even small construction projects contribute to a country's economic growth. Hence its activities involve complex and dynamic processes. Successfully completion of construction projects leads to wealth creation, socio-economic growth and improved living standard. Meanwhile, these projects have abundance of risks which has brought about low profit margin to contractors; cost and time overrun; poor quality delivery and aborted projects; thus the need for effective management to ensure successful delivery and sustainability of construction projects. Risk management is one of the most critical project management practices in order to achieve project objectives in terms of time, cost, quality, safety and environmental sustainability. The aim of this research was to develop an appropriate model that enables efficient management and project delivery in Nigeria using capitalization of constructi...