Abstract:
Construction projects are initiated in complex and dynamic environments resulting in
circumstances of high uncertainty and risk, which are compounded by demanding
time constraints. The government funded affordable housing projects in Ghana have
been abandoned or are being worked on at a snail’s pace. Based on this, the study
aimed at assessing risk management practices in construction projects focusing on
government funded affordable housing projects in Ghana. Descriptive research design
was employed for this study. The study involved the Borteyman, Koforidua and
Kumasi government funded affordable housing projects, which included a total of 159
site managers. A census survey was adopted to sample all the 159 site managers on
the Borteyman, Koforidua and Kumasi government funded affordable housing
projects were included in the study. The study found that design variations, tight
project schedule, bureaucracy of government, delays in payments, changes
necessitated as a result of government policy, excessive approval procedures in
administrative government departments, and high performance or quality expectations
are the particular risk associated with the affordable housing projects in Ghana. It
appeared from the study that delays in payments, under-budgeting contingency costs,
changes in design scope, risk of rework, and tight project schedule can be reduced by
the stakeholders. The study concluded that the proposed framework for the
government funded affordable housing projects in Ghana is appropriate for analysis
but it might be modified in the future as the project develops incorporating the project related risks which may appear during project execution. The study recommended that
risk management technique (BBN) should be applied into any construction project at
the initial stage of the project to get maximum benefit of the technique.
Keywords: Risk Management, Projects, Government Funded, Affordable Housing
Description:
A thesis in the Department of CONSTRUCTION AND WOOD
TECHNOLOGY EDUCATION, Faculty of TECHNICAL EDUCATION,
submitted to the School of Graduate Studies, University of Education, Winneba
in partial fulfilment of the requirements for award of the Master of Philosophy
(Construction Technology) degree.
JANUARY, 2019