INFLUENCE OF PROJECT RISK MANAGEMENT ON PERFORMANCE OF GOVERNMENT FUNDED HOUSING CONSTRUCTION PROJECTS IN NAIROBI CITY COUNTY, KENYA

Michelle Wambui Kimotho, Dr. Benard Lango (PhD), Dr. Anaya Senelwa (PhD)

Abstract


The aim of the study was to assess the influence of project risk management on performance of government funded housing construction projects in Nairobi City County, Kenya. The specific objectives were: To analyse the influence of project risk identification, and project risk analysis, on performance of government funded housing construction projects in Nairobi City County, Kenya. The study adopted modern portfolio theory, and prospect theory. A conceptual framework was developed in regard to the proposed relationship among the variables on the research problem. The target population was 350 (contractors, supervisors and project team leaders) of the government funded housing construction projects in Nairobi City County, Kenya as per the National Construction Authority (2021) report. The study sample size was 172. The researcher administered a questionnaire as the data collection instrument in order to obtain primary data. The descriptive statistics showed that all the independent variables contributed significantly towards the performance of government funded housing projects. The study determined that there is a strong positive correlation between all of the independent variables and the dependent variable. The multiple regression model reflected a strong relationship with the data pertaining to the variables indicating that it is a good predicting model. Additionally, the study found a statistically significant relationship between all the independent variables and the dependent variable. Lastly, the study found that Risk Handling was the strongest determinant of Performance of Government Funded Housing Projects followed by Risk Identification, respectively. The study concluded that Government funded housing projects need to provide a standardized document for risk identification processes by working with the regulator to develop enforceable standards that can be adhered to. Pilot sites should always be carried out to identify potential risks in time by formulating this as an essential risk identification procedure for all housing projects.

 

Key Words: Project Risk Management, Performance of Government Funded Housing Construction Projects, Project Risk Identification, Project Risk Analysis


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References


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