ASSESMENT OF PROJECT RISK MANAGEMENT PRACTICES IN ETHIO –TELECOM: THE CASE OF LTE ADVANCED PROJECT

Abstract

This study sought to determine the practice of project risk management practices such as risk planning, risk identification, risk analysis, risk response strategies, risk monitoring and control and risk management as knowledge base regarding Ethio – telecom in the project of LTE advanced . Hence, the study was used descriptive designed and mixed approach. Primary data including survey questionnaire and semi structured interview were used for the purpose of the study; and its validity and reliability were then evaluated. The gathered information was analyzed using SPSS version 27.1.0. The questionnaire was distributed to 36 participants and collected for quantitative analysis.. Descriptive statistics in the form of percentages and mean score were used to analyze the quantitative data ; the open ended questionnaire analyzed qualitatively. Findings from the study revealed that risk management practices have been applied moderately in the sample projects. While the study findings encourage project executives to develop knowledge bases for risk management in the sample projects, as well as the corresponding tools. The findings of the practice indicated that risk management plan tools like expert judgment, meetings or others and relevant stakeholders were involved for risk planning. The risk identification process revealed that methods like information gathering and assumption analysis were used to identify project risks. Results in risk analysis process imply that risk characteristics were considered, All the risk response were not exercised moreover, there was not welldeveloped strategy that considered factors such as budget, schedule and resources and quality while responding to risk. The practice of risk monitoring and controlling was not effective because project performance was not evaluated against risk. There was not transparent communication, periodic review and response audit of the project risk. The overall outcome of the study indicates it was proved that risk planning were effectively applied in the project. risk identification and risk analysis were the moderately risk management practices in the company. whereas risk response and risk monitoring and controlling were considered as the least used practices. Finally, due to the low application of risk management practices as well as there is a gap between the theory of project risk management and the actual practice that is performed in the projects , the study concluded that there should be a need to create more awareness on project risk management practices.