INFLUENCE OF PROJECT RISK MANAGEMENT PRACTICES ON ROAD PROJECTS IN NAKURU COUNTY, KENYA
INFLUENCE OF PROJECT RISK MANAGEMENT PRACTICES ON ROAD PROJECTS IN NAKURU COUNTY, KENYA
Eric Kipkoech Nge’tich - Master’s Student, Mount Kenya University, Kenya
Dr. Ruth Winnie Munene - Lecturer, Faculty of Business and Management Sciences, Mount Kenya University, Kenya
ABSTRACT
The main objective of this study was to ascertain how Project Risk Response and Control Practice influence road projects in Nakuru county, Kenya. The study aimed to find out the influence of risk response and risk control practices on the subsequent road construction projects in Nakuru county, Kenya. The prospect theory and the risk aversion theory served as the foundation for this study. Descriptive survey study design was employed. The 98 respondents in the study were engineers, risk managers, subcontractors, and contractors working on seven different road projects managed by Kenya rural roads authority in Nakuru county, Kenya. To gather primary data, standardized questionnaires were employed. The pilot test was conducted in Kericho county to evaluate the validity and dependability of the research tool. SPSS version 24 was used for the analysis of the gathered data. The results of descriptive statistics were presented in form of percentages, means, and standard deviations and tables. To establish the link between the variables, regression and correlation analyses were performed. From the findings the study concluded that there was a positive statistically significant relationship between project risk responses on completion of road projects in Nakuru County, Kenya with r=0.219 and p=0.002. There was a statistically significant relationship between project risk control on completion of road projects in Nakuru County, Kenya with r=0.269 and p=0.004. This showed that risk response and risk control all had an influence on completion of road projects in Nakuru County, Kenya.
