RISK RESPONSE STRATEGIES AND COMPLETION OF CONSTITUENCY FUNDED CONSTRUCTION PROJECTS IN NYAMIRA COUNTY, KENYA
Abstract
The general objective of the study was to establish the influence of project risk response strategies on completion of constituency funded construction projects in Nyamira County, Kenya. The specific objectives of the study were; -to determine the effect of project risk avoidance strategy on completion of constituency funded construction projects, to establish the effect of project risk reduction strategy on completion of constituency funded construction projects, to find out the effect of project risk transfer strategy on completion of constituency funded construction projects, to establish the effect of project risk retention strategy on completion of constituency funded construction projects in Nyamira County, Kenya. The total population was 719 persons from the 216 National Government Constituency Development Fund (NG-CDF) construction projects that were completed in the financial years 2018/2019 and 2019/2020 that constituted 44 NG-CDF Committee members, 432 project management committee members (chairmen and secretaries), 12 NG-CDF key staff, 15 consultants and 216 contractors from the county. The study adopted stratified random sampling method to select 251 respondents from the target population. Questionnaires were used in collection of primary data from the field. The questionnaires were pre-tested among 25 respondents randomly selected from the sample. They were found to be valid and reliable. Data was analysed descriptively using weighted means and standard deviation and inferentially using correlation and regression analyses. Results showed that risk avoidance strategy has a positive statistically significant effect on completion of constituency funded construction projects in Nyamira County; risk reduction strategy has a positive statistically significant effect on completion of constituency funded construction projects in Nyamira County; risk transfer strategy has a positive significant effect on completion of constituency funded construction projects and that the risk retention strategy has a positive significant effect on completion of constituency funded construction projects in Nyamira County.
Keywords: Risk avoidance, Risk reduction, Risk transfer, Risk retention, Construction Projects
CITATION: Oruru, J. M., & Juma, D. (2022). Risk response strategies and completion of constituency funded construction projects in Nyamira County, Kenya. The Strategic Journal of Business & Change Management, 9 (2), 390 – 404.
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DOI: http://dx.doi.org/10.61426/sjbcm.v9i2.2269
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