IDEAS home Printed from https://ideas.repec.org/a/bcp/journl/v5y2021i3p31-39.html
   My bibliography  Save this article

Enhancing Performance of the Building Construction Industry through Quantitative Risk Analysis and Risk Response: A Case of Exchequer Funded Building Construction Projects in Machakos County, Kenya

Author

Listed:
  • John Malu Nzioki

    (MA Project Planning and Management Candidate, University of Nairobi, Kenya)

  • Dr. Mary Nyawira Mwenda

    (Lecturer, School of Open and Distance Learning University of Nairobi, Kenya)

Abstract

In Kenya, the building construction sector has been facing a myriad of challenges leading to project failures. This research study determined how construction projects are influenced by risk management in Machakos County. This research focused on quantitative risk analysis and risk response as the main objectives and its influence on performance of construction projects in Machakos County. This study was guided by uncertainty theory. 585 National Contraction Authority registered contractors were the target population and a sample size of 232. The sample size was calculated from formula taken from Kothari which was representative of the whole population. The study used descriptive research survey design. The data was analysed and presented in frequencies, percentages, means and standard deviation were tabulated and analysed from quantitative data. Fishers test was computed to examine the variable relationships. The finding led to the conclusion that quantitative risk analysis and Risk Response had a significance influence on performance of construction Projects by factor [0.412 and 0.271] with (P = 0.000). (P=0.000

Suggested Citation

  • John Malu Nzioki & Dr. Mary Nyawira Mwenda, 2021. "Enhancing Performance of the Building Construction Industry through Quantitative Risk Analysis and Risk Response: A Case of Exchequer Funded Building Construction Projects in Machakos County, Kenya," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 5(3), pages 31-39, March.
    • Handle: RePEc:bcp:journl:v:5:y:2021:i:3:p:31-39
    as

    Download full text from publisher

    File URL: https://www.rsisinternational.org/journals/ijriss/Digital-Library/volume-5-issue-3/31-39.pdf
    Download Restriction: no
    File URL: https://www.rsisinternational.org/virtual-library/papers/enhancing-performance-of-the-building-construction-industry-through-quantitative-risk-analysis-and-risk-response-a-case-of-exchequer-funded-building-construction-projects-in-machakos-county-kenya/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Martin Skitmore, 2008. "First and second price independent values sealed bid procurement auctions: some scalar equilibrium results," Construction Management and Economics, Taylor & Francis Journals, vol. 26(8), pages 787-803.
    2. Seyed Mohammad Seyedhoseini & Siamak Noori & Mohammad Ali Hatefi, 2009. "An Integrated Methodology for Assessment and Selection of the Project Risk Response Actions," Risk Analysis, John Wiley & Sons, vol. 29(5), pages 752-763, May.
    3. Shou Qing Wang & Mohammed Fadhil Dulaimi & Muhammad Yousuf Aguria, 2004. "Risk management framework for construction projects in developing countries," Construction Management and Economics, Taylor & Francis Journals, vol. 22(3), pages 237-252.
    4. World Bank, 2012. "World Development Indicators 2012," World Bank Publications - Books, The World Bank Group, number 6014.
    5. Ofer Zwikael & Mark Ahn, 2011. "The Effectiveness of Risk Management: An Analysis of Project Risk Planning Across Industries and Countries," Risk Analysis, John Wiley & Sons, vol. 31(1), pages 25-37, January.
    6. J. H. M. Tah & V. Carr, 2000. "A proposal for construction project risk assessment using fuzzy logic," Construction Management and Economics, Taylor & Francis Journals, vol. 18(4), pages 491-500.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gholamreza Dehdasht & Rosli Mohamad Zin & M. Salim Ferwati & Mu’azu Mohammed Abdullahi & Ali Keyvanfar & Ronald McCaffer, 2017. "DEMATEL-ANP Risk Assessment in Oil and Gas Construction Projects," Sustainability, MDPI, vol. 9(8), pages 1-24, August.
    2. Philip-Mark Spanidis & Christos Roumpos & Francis Pavloudakis, 2021. "A Fuzzy-AHP Methodology for Planning the Risk Management of Natural Hazards in Surface Mining Projects," Sustainability, MDPI, vol. 13(4), pages 1-23, February.
    3. Cunbin Li & Yunqi Liu & Shuke Li, 2016. "Risk Evaluation of Qinghai–Tibet Power Grid Interconnection Project for Sustainability," Sustainability, MDPI, vol. 8(1), pages 1-19, January.
    4. Yashar Tarverdi & Anu Rammohan, 2017. "On the role of governance and health aid on child mortality: a cross-country analysis," Applied Economics, Taylor & Francis Journals, vol. 49(9), pages 845-859, February.
    5. Hamdi, Helmi & Sbia, Rashid, 2013. "Dynamic relationships between oil revenues, government spending and economic growth in an oil-dependent economy," Economic Modelling, Elsevier, vol. 35(C), pages 118-125.
    6. Li, Aijun & Du, Nan & Wei, Qian, 2014. "The cross-country implications of alternative climate policies," Energy Policy, Elsevier, vol. 72(C), pages 155-163.
    7. Saule Baurzhan & Glenn P. Jenkins, 2017. "On-Grid Solar PV versus Diesel Electricity Generation in Sub-Saharan Africa: Economics and GHG Emissions," Sustainability, MDPI, vol. 9(3), pages 1-15, March.
    8. Weitzel, Matthias & Ghosh, Joydeep & Peterson, Sonja & Pradhan, Basanta K., 2015. "Effects of international climate policy for India: evidence from a national and global CGE model," Environment and Development Economics, Cambridge University Press, vol. 20(4), pages 516-538, August.
    9. Joshua C. Hall, Serkan Karadas and Minh Tam T. Schlosky, 2018. "Is There Moral Hazard in the Heavily Indebted Poor Countries (HIPC) Initiative Debt Relief Process?," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 43(3), pages 1-24, September.
    10. Mekonnen, Daniel Ayalew & Gerber, Nicolas & Matz, Julia Anna, 2018. "Gendered Social Networks, Agricultural Innovations, and Farm Productivity in Ethiopia," World Development, Elsevier, vol. 105(C), pages 321-335.
    11. Kaika, Dimitra & Zervas, Efthimios, 2013. "The environmental Kuznets curve (EKC) theory. Part B: Critical issues," Energy Policy, Elsevier, vol. 62(C), pages 1403-1411.
    12. Liverpool-Tasie, Lenis Saweda, 2012. "Targeted Subsidies and Private Market Participation: An Assessment of Fertilizer Demand in Nigeria:," IFPRI discussion papers 1194, International Food Policy Research Institute (IFPRI).
    13. Kjetil Bjorvatn & Mohammad Reza Farzanegan, 2014. "Resource Rents, Power, and Political Stability," CESifo Working Paper Series 4727, CESifo.
    14. Ahsan Nawaz & Xing Su & Qaiser Mohi Ud Din & Muhammad Irslan Khalid & Muhammad Bilal & Syyed Adnan Raheel Shah, 2020. "Identification of the H&S (Health and Safety Factors) Involved in Infrastructure Projects in Developing Countries-A Sequential Mixed Method Approach of OLMT-Project," IJERPH, MDPI, vol. 17(2), pages 1-18, January.
    15. Wenju Cai & Yi Liu & Xiaopei Lin & Ziguang Li & Ying Zhang & David Newth, 2024. "Nonlinear country-heterogenous impact of the Indian Ocean Dipole on global economies," Nature Communications, Nature, vol. 15(1), pages 1-10, December.
    16. repec:hal:journl:hal-01062282 is not listed on IDEAS
    17. Subhayu Bandyopadhyay & Sajal Lahiri & Javed Younas, 2013. "Financing growth: foreign aid vs. foreign loans," Working Papers 2013-031, Federal Reserve Bank of St. Louis.
    18. Jens K. Perret, 2015. "Comments on the Impact of Knowledge on Economic Growth across the Regions of the Russian Federation," EIIW Discussion paper disbei207, Universitätsbibliothek Wuppertal, University Library.
    19. BADALYAN, Gohar & HERZFELD, Thomas & RAJCANIOVA, Miroslava, 2014. "Transport Infrastructure And Economic Growth: Panel Data Approach For Armenia, Georgia And Turkey," Review of Agricultural and Applied Economics (RAAE), Faculty of Economics and Management, Slovak Agricultural University in Nitra, vol. 17(2), pages 1-10, October.
    20. Cilliers, Jacobus & Dube, Oeindrila & Siddiqi, Bilal, 2015. "The white-man effect: How foreigner presence affects behavior in experiments," Journal of Economic Behavior & Organization, Elsevier, vol. 118(C), pages 397-414.
    21. Dixon, Jenna & Luginaah, Isaac & Mkandawire, Paul, 2014. "The National Health Insurance Scheme in Ghana's Upper West Region: A gendered perspective of insurance acquisition in a resource-poor setting," Social Science & Medicine, Elsevier, vol. 122(C), pages 103-112.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bcp:journl:v:5:y:2021:i:3:p:31-39. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dr. Pawan Verma (email available below). General contact details of provider: https://rsisinternational.org/journals/ijriss/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.