| Abstract: | The study is about The Role of Project Risk Management Practices for Project success by taking different sample projects from projects practiced in the NIB Bank. Therefore, project team members worked on those projects implemented in the NIB Bank was contacted to collect data. Questionnaire survey was conducted to collect data from the respondents that consisted of project managers, supervisors, and other related respondents. The study uses purposive or judgmental sampling to select respondents that have adequate knowledge and significant role in the projects. The applications used to analyze and examine the hypotheses were the Statistical Package for Social Sciences V.21.The descriptive statistics was used to describe the general result of the variables. In addition, correlation analysis was done to check the correlation between the dependent variable and the independent variables, while regression analysis was used to test the hypotheses developed following the conceptual framework developed from the literature. The finding of the study indicates that effective implementation of project risk management element (Risk planning, Risk Identification, Risk analysis and Risk control and Response) has significant effects on project completion within the scheduled time and budgeted cost. But the impact of risk management practices on project completion with the promised quality is not clear from the finding of the study. But, in the projects taken as a sample, project risk management is not practiced to the level needed and gap is seen between what should be theoretically applied and what is being practiced in the projects. Therefore, this study recommends that project risk management (proper risk identification) should be practiced throughout project life cycle and should involve project team members. The key words include Project Risk Management, Project Success, Project Time, Project Cost, Project Quality. |
