A STUDY OF RISK FACTORS AFFECTING CONSTRUCTION PROJECT EXECUTION IN THE CENTRAL REGION OF GHANA.

Frank Bentum Mensah; Godfred Tsotorvor; Engr.Michael K.Tsorgali; Francis Kodwo Fordjour

doi:10.18535/ijsrm/v11i09.el01

Abstract

The construction industry is one of the most dynamic, risky, and challenging businesses. The number of risks present invariably goes beyond those found in other industries. The research was conducted with the aim of exploring the various risk factors affecting late execution of construction projects in the Central region of Ghana. Purposive sampling technique was used to select thirty (30) contractors of on-going projects for the study. Questionnaire was used to illicit information from the participants. Findings of the research revealed that financial, economic as well as political risk are the major factors contributing to late execution of construction projects in the central region of Ghana.

The conclusion drawn from the research indicated a lot of projects have not been completed. A thorough feasibility studies should be undertaken before any project is done.

Keywords

ContractorConstructionProject risk

References

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[refR-1] Ankrah N. A. (2007): An Investigation into the Impact of Culture on Construction Project Performance; PhD Thesis, University of Wolverhampton.Google Scholar ↗

[refR-2] Agyakwa-Baah, (2007). “Stakeholders‟ Perceptions of the Causes of Delay on Construction Projects”. BSc dissertation. Kwame Nkrumah University of Science and Technology, Kumasi, Ghana.Google Scholar ↗

[refR-3] Baxendale, A. T., & Schofield, T. J. (1986). “Planning and progressing project variations”. The Organization and Management of Construction: Shaping Theory and Practice, 2.Google Scholar ↗

[refR-4] Bender W., and Ayyub B., (2001). “Risk-based Cost Control for Construction.” Construction Management Department, Central Washington University.Google Scholar ↗

[refR-5] Berg, B. (2001). Qualitative Research Methods for Social Science. Boston: Allyn and Bacon.Google Scholar ↗

[refR-6] Berko, P. (2007). Project Cost Overrun in the Road Construction Industry in Ghana.Google Scholar ↗

[refR-7] Dey, R. (1997). Research methods for construction, Blackwell Science.Google Scholar ↗

[refR-8] Loosemore, M., Raftery J., and Reilly, C. (2006). Risk Management in Projects. United States: Taylor & Francis Group.Google Scholar ↗

[refR-9] De la Cruz, M.P., del Cano, A. and de la Cruz, E. (2006). ““Downside Risks in Construction Projects Construction Projects Developed by the Civil Service: The Case of Spain”,.” Journal of Construction Engineering and Management, Vol. 132(8),: pp. 844–852.Google Scholar ↗

[refR-10] Denini, F. (2009). “Delays on large construction projects in Libya.” In Abu Bakar (ed). Proceedings: The 3rd International Conference on Built Environment in Development Countries (Sustainable Built Environment: Tomorrow‟s Agenda Today).Google Scholar ↗

[refR-11] Edwards, P.J. and Bowen, P.A. (1998). ““Risk and risk management in construction: a review and directions for research””, Engineering, Construction and Architectural Management. ,Vol. 15, pp. 339 -349.Google Scholar ↗

[refR-12] Frimpong, Y, Oluwoye, J, and Crawfod, L (2003): Causes of Delay and Cost Overruns in Construction of Groundwater Projects in a Developing Countries; Ghana as a Case Study: International Journal of Project Management; Vol. 21: pp. 321-326.Google Scholar ↗

[refR-13] Mark, F. Cohen,P. and Glen, J. (2004). Risks and risk analysis in construction management, In Proceedings of the CIB W65, Symposium on Organization and 90 Management of Construction, US National Academy of Science, Washington DC.Google Scholar ↗

[refR-14] Mustafa, A. (2000). “Project Management in Construction”. Oxford, Blackwell Science Ltd.Google Scholar ↗

[refR-15] Ofori G, (2007). “Construction in Developing Countries”, Construction Management and Economics, Vol. 25:1, pp. 1-6.Google Scholar ↗

[refR-16] Ofori, G. (1994). ““Construction technology development:” Role of an appropriate policy”. Engineering, Construction and Architectural Management, Vol. 1(2), pp. 147– 168.Google Scholar ↗

[refR-17] Ofori, G. (2006). “Construction in developing countries: A research agenda”. Journal of Construction in Developing Countries.Google Scholar ↗

[refR-18] Oladapo I.O (2015): Problems of construction industry in Nigeria; IABSE reports of the working commissions; available online at file:///C:/Users/ilohi/Downloads/bse-re001_1977_26_a_029_d.pdf assessed 03/08/2015.Google Scholar ↗