TABLE OF CONTENT
Title page i
Certification ii
Dedication iii
Acknowledgement iv
Abstract v
Table of Content vi
CHAPTER ONE:
1.0 Introduction
1.1 Background of the study
1.2 Statement of problems
1.3 Research questions
1.4 Aim and Objectives
1.5 Justification of the study
1.6 Scope and Limitation of the study
1.7 Research Methodology
CHAPTER TWO
Literature review
2.0 Introduction
2.1 Nature of civil engineering project
2.2 Road
2.2.1 Road construction
2.2.2 State of roads in Nigeria
2.3 Risk in construction
2.4 Risk exposure
2.5 Risk management
2.6 Types of risk
2.6.1 Controllable and Uncontrollable risk
2.6.2 Pure risk and speculative risk
2.7 Identifying risk and risk factors
2.8 Impact of risk on total construction cost and project duration
2.9 Risk analysis
2.10 Risk response
2.10.1 Risk avoidance
2.10.2 Risk retention
2.10.3 Risk deduction
2.10.4 Risk Transfer
CHAPTER THREE
Research Methodology
3.0 Introduction
3.1 Study population
3.2 Sample size and sampling procedure
3.3 Design of Questionnaire
3.4 Method of data analysis
CHAPTER FOUR
Data presentation and data analysis
4.0 Introduction
4.1 Data analysis and result interpretation
CHAPTER FIVE
Summary, Conclusion and Recommendation
5.0 Conclusion
5.1 Recommendation
References
CHAPTER ONE
1.0 INTRODUCTION
I.I BACKGROUND OF THE STUDY
Consequences of uncertainty and its exposure in a project, is risk. In a project context, risk is the chance of something happening that will have an impact upon objectives. It includes the possibility of loss or gain, or variation from a desired or planned outcome, as a consequence of the uncertainty associated with following a particular course of action. (Deviprasadh, 2007). Risk thus has two elements: the likelihood or probability of something happening, and the consequences or impacts if it does. Managing risk is an integral part of good management; it is fundamental to achieving good business and project outcomes and the effective procurement of goods and services Risk management provides a structured way of assessing and dealing with future uncertainly. Project risk management includes the processes concerned with identifying, analyzing, and responding to project risk. It includes maximizing the results of positive events and minimizing the consequences of adverse events." (Deviprasadh, 2007).
