| Abstract: | The study entitled as Assessment of Project Risk Management Practice in Real Estate
Construction in Addis Ababa was written with a general objective of assessing risk management
practices among selected real estate projects. In order to achieve this objective, the researcher
collected data from three selected real estate companies in Addis Ababa. This data was collected
through In-depth interview and self-administered questionnaire. During the data collection, the
participants of the study were project managers, coordinators and project team members of the
selected real estate companies. The collected data from these study participants was analyzed
using descriptive, thematic and narrative analysis methods. Using the above listed methods, the
researcher found out that risk management is practiced effectively. Risk is planned in advance,
where cause and effects are assessed in a methodical way. The study also reported that even
though there is no training to develop employee’s knowledge regarding risk, the awareness
towards risk and management is good. The selected companies also use different techniques such
as assignation of person and departments, standard definition of risk and risk management
process and preparing guidelines to manage risk. Based on these findings, the researcher
recommended provision of trainings to employees to increase their awareness regarding risk.. It
was also recommended that it would be better if other researches conduct similar study using
many real estate companies. |
