Master Thesis in Economics: Incorporation of risk management as a framework for delay mitigation: A study from the Construction project in Nigeria

Delay is one of the biggest problems construction project faces in Nigeria. Delay can lead to many negative effects such as project failure, disputes between stakeholders and also economic instability. Even though various studies have been considered in the causes and effects of delays in Nigeria, these studies seldom discuss how risk management could be integrated to lessen the delay in construction projects in Nigeria. Systematic risk management is expecting the unexpected; it is a tool which helps control risk in construction projects. The objective of study is to: (1) to determine the impact of delay in Nigeria (2) to understand the rate of delay in construction project in Nigeria (3) To find the root event that causes construction delay in Nigeria (4)Discover the level of effective systematic risk management that is involved in construction project in Nigeria. In all the 150 structured questionnaires that were sent to three constructions firm, there was a response rate of 80%. Typical result shows both hypotheses (1) Delay has a great impact on the massive project failure and hypothesis (2) Systematic risk management approach could help to mitigate delay in construction project in Nigeria, was tested and accepted. The study recommended that risk management can help lessen delay in construction project if applied in a systematic approach. To consult more Economic essay sample, please see at Bộ Luận Văn Thạc Sĩ Kinh tế