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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
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    References listed on IDEAS

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    2. 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.
    3. World Bank, 2012. "World Development Indicators 2012," World Bank Publications - Books, The World Bank Group, number 6014.
    4. 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.
    5. 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.
    6. 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.
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