INFLUENCE OF PREDOMINANT RISK FACTORS ON OPERATIONAL BUILDING PROJECT PERFORMANCE IN THE SELECTED FEDERAL UNIVERSITIES IN SOUTH EAST NIGERIA.

Abstract

The study focused on the influence of predominant risk factors on operational building project performance in the selected Federal Universities in South East Nigeria. The broad objective is aimed at examining the influence of predominant risk factors on operational building project performance in the selected Federal Universities in South East Nigeria. The specific objectives are to identify the risk management challenges that affect the operational performance in the selected federal university building projects in Enugu, Anambra and Imo state; to determine the impact of risk management practice in the selected federal university building projects. The study adopted descriptive survey and ex-post facto research design. The population under this study comprises of 102 registered construction professionals working in the physical planning unit under the study area. They are the people who were actively involved in the planning and management of construction projects within the university premises. The study also built multiple regression model and make use of statistical procedures in estimating the relationship between the choice variables. The variables under study are building project performance as the dependent variable whereas risk identification, risk assessment, risk response and control are the independent variables and test using ordinary least square techniques. The findings of the study reveal the identified predominant risk factors that influence building construction project performance in Nigeria are the lack of consistency between bill of quantity drawing and specifications, environmental risk factors, financial risk factor, legal risk factor and several others. the result of the study concludes also that risk management practice has a positive relationship on the building project performance. The study recommends that the relationship as indicated in the result that risk management has a positive and significant impact on the building project performance which implies that an increase in the risk management practice will lead to a significant increase in the building project performance. Hence, there is need to improve the risk management strategies already in place so as to improve the performance of building construction project in the South Eastern Nigeria