Risk Management and Project Performance of Undp Projects in Somalia: A Case Study of Mogadishu to Cadale Road Construction Project

ABSTRACT This study sought risk management and performance of UNDP projects in Somalia: a case study of Mogadishu to cadale road construction projet.~t. The objectives were; To establish relationship between risk identification and project performance of Mogadishu to Cadale Road Construction project, To assess the relationship between risk monitoring and control and project performance of Mogadishu to Cadale Road Construction project, and. To assess the relationship between risk response and project performance of Mogadishu to Cadale Road Construction project, the study was based on Prospect theory of Tversky&Kahnernan2Ol3. The study applied a correlation research design to examine the relationship between risk management and project performance of Mogadishu to Cadale Road Construction Project. The study applied the quantitative data involved information from the questionnaires only. The qualitative and quantitative approaches were employed based on the Mogadishu to Cadale Road Construction Project. The quantitative technique was used to collect and analyze data on the risk management. The qualitative approach was used performance of Mogadishu to Cadale Road Construction Project. This design was used because it brings out clearly the relationship between risk management and project performance. The study findings revealed that the average Mean was 2.23 which was equivalent to low. This implies that there is a close relationship between risk identification and project performance of Mogadishu to Cadale Road Construction project, Mogadishu-Somalia. It was also found out that the average mean of the relationship between risk monitoring and control and project performance of Mogadishu to Cadale Road Construction project, Mogadishu-Sornaiia was 2.41. This implies that there was a close relationship between risk monitoring and control and project performance of Mogadishu to Cadale Road Construction project, Mogadishu-Somalia. The study findings revealed that the average mean of Relationship l~etween risk response and project performance of Mogadishu to Cadale Road Construction project, Mogadishu-Somnalia was 1.90 which was. This implies that there is a close relationship between risk response and project performance of Mogadishu to Cadale Road Construction project, Mogadishu-Somalia. The study concludes that risk management in the construction project management context is a comprehensive and systematic way of identifying, analyzing and responding to risks to achieve the project objectives. The study concludes that during the project, risk monitoring and control is the processes of keeping track of the identified risks, monitoring the residual risks and identifying new risks. This process was also ensure the execution of the risk plan and continually evaluate the plan’s effectiveness in reducing risk. Resource allocations can also be monitored as these were have been pre-planned and, where appropriate, allocated to the agreed actions. The study concludes that risk response is the action to be taken towards the identified risks and threats. The response strategy and approach chosen depend on the kind of risks concerned. Other requirements are that the risk needs to have a supervisor to monitor the development ofthe response, which was agreed by the actors involved in this risk management process.