ABSTRACT
Projects are prone to risks the numerous types of risks that may affect a project are financial,
strategic, hazardous and operational risks. Unexpected events and uncertainty often result to
damaging consequences for projects. If these risks are not effectively dealt with, they may
pose a challenge in the completion of the project. Therefore, risk analysis and management of
risks is a major feature of project management in which project managers need to effectively
deal with the risks and uncertainty in order to fully achieve the vision of the project. Project
performance is determined by factors such as cost, customer satisfaction, time, health, client
changes and business performance the concept of project delays as a result of risk is now a
global phenomenon. The study’ general objective was to determine the influence of risk
management practices on performance of projects in Nairobi City County, Kenya. The study
was guided by the following specific objectives; to determine the influence of risk retention
on project performance in Nairobi City County, Kenya, to investigate how risk prevention
affects performance of the projects in Nairobi City County, Kenya, to examine the effect of
risk control on performance of projects in Nairobi City County, Kenya and to evaluate how
risk transfer affects the performance of projects in Nairobi City County, Kenya. The study
will be guided by the Enterprise Risk Management theory, Network theory and the
Expectancy Theory. The study adopted a descriptive design in order to determine how risk
management practices with respect to the following independent variables risk prevention,
risk retention, risk transfer and risk control and how they affect the performance of projects in
Nairobi City County, Kenya. The study used primary data. The study employed semistructured
questionnaires to gather relevant information from a total of 135 project managers,
supervisors, risk managers, construction firms and finance officers. The data collected was
then analyzed using SPSS and findings of the study were presented in graphs, pie charts and
tables. The study established that risk management practices have a significant and positive
effect on project performance. The study concluded that risk transfer had a significant and to
a great extent affected the performance of the projects in Nairobi City County, Kenya. It was
also concluded that risk transfer is significantly embraced, applied and practiced among firms
implementing projects in Nairobi City County, Kenya. The study concluded that risk
prevention significantly affected project performance. It was concluded that risk prevention is
embraced among organizations executing projects in Nairobi City County, Kenya as a risk
management practice and it has enhanced project completion within scope, budget and time
schedule. The study further concluded that there a significant and positive relationship
between risk control and project performance. Risk control was significantly practiced among
the organizations involved projects in Nairobi City County, Kenya and had a significant
influence on project performance. It was concluded that risk retention had a positive and
significant effect on the performance of the projects. To great extent, risk retention as a risk
management practice had a positive effect on project performance. The study recommends
that the management of the projects need to ensure the risk management practices are
integrated in project implementation. Most of the practices were in place but were not
effectively employed to ensure peak performance. The organizations were found to be
skeptical on planning for risks and taking risk management steps and therefore for peak
performance there is need to have a risk management plan in place and stick by it.
NJUGUNA, P (2021). Risk Management Practices And Performance Of Projects In Nairobi City County, Kenya. Afribary. Retrieved from https://afribary.com/works/risk-management-practices-and-performance-of-projects-in-nairobi-city-county-kenya
NJUGUNA, PETER "Risk Management Practices And Performance Of Projects In Nairobi City County, Kenya" Afribary. Afribary, 28 May. 2021, https://afribary.com/works/risk-management-practices-and-performance-of-projects-in-nairobi-city-county-kenya. Accessed 07 Oct. 2024.
NJUGUNA, PETER . "Risk Management Practices And Performance Of Projects In Nairobi City County, Kenya". Afribary, Afribary, 28 May. 2021. Web. 07 Oct. 2024. < https://afribary.com/works/risk-management-practices-and-performance-of-projects-in-nairobi-city-county-kenya >.
NJUGUNA, PETER . "Risk Management Practices And Performance Of Projects In Nairobi City County, Kenya" Afribary (2021). Accessed October 07, 2024. https://afribary.com/works/risk-management-practices-and-performance-of-projects-in-nairobi-city-county-kenya