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Evaluation of risk management capability of public-sector participants in build-operate-transfer highway projects in Nigeria

Risks are inherent in BOT highway projects and have serious impact on its delivery. This paper seeks to evaluate the risk management capability of the public-sector participants involved in the execution BOT highway projects in Nigeria. Questionnaire survey was adopted to elicit information from exp...

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Main Authors:	Fabi, J. K., Hamid, R. A., Mustapa, M., Mustapa, F. D.
Format:	Article
Published:	Science Publishing Corporation Inc. 2018
Subjects:	TH434-437 Quantity surveying
Online Access:	http://eprints.utm.my/id/eprint/86646/ https://www.sciencepubco.com/index.php/ijet/article/view/22562
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id	my.utm.86646
record_format	eprints
spelling	my.utm.866462020-09-30T09:01:33Z http://eprints.utm.my/id/eprint/86646/ Evaluation of risk management capability of public-sector participants in build-operate-transfer highway projects in Nigeria Fabi, J. K. Hamid, R. A. Mustapa, M. Mustapa, F. D. TH434-437 Quantity surveying Risks are inherent in BOT highway projects and have serious impact on its delivery. This paper seeks to evaluate the risk management capability of the public-sector participants involved in the execution BOT highway projects in Nigeria. Questionnaire survey was adopted to elicit information from experts who are active stakeholders in BOT highway construction in Nigeria. The population of the study comprises of government officials, contractors, concessionaires, bankers, consultant engineers and quantity surveyors, and academics. The study adopted stratified random sampling. Seventy-two (72) responses were obtained from One hundred and ten "110" questionnaires administered. The study adopted fuzzy synthetic evaluation (FSE) method in the analysis of data because of its ability to handle multi attributes and multi criteria nature of the problems. The result indicated that their risk management capability is below average, though not too poor. It was found that low awareness of risk management and its importance is responsible for low overall risk management capability of the public sector and this has hindered efficient and effective project delivery by the public-sector participants. The study concluded that there is need for public-sector participants to give more attention to risk management practice and application, embrace formal risk management with considerable training to further improve their risk management capability. Science Publishing Corporation Inc. 2018 Article PeerReviewed Fabi, J. K. and Hamid, R. A. and Mustapa, M. and Mustapa, F. D. (2018) Evaluation of risk management capability of public-sector participants in build-operate-transfer highway projects in Nigeria. International Journal of Engineering and Technology(UAE), 7 (4.28). pp. 109-114. ISSN 2227-524X https://www.sciencepubco.com/index.php/ijet/article/view/22562
institution	Universiti Teknologi Malaysia
building	UTM Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universiti Teknologi Malaysia
content_source	UTM Institutional Repository
url_provider	http://eprints.utm.my/
topic	TH434-437 Quantity surveying
spellingShingle	TH434-437 Quantity surveying Fabi, J. K. Hamid, R. A. Mustapa, M. Mustapa, F. D. Evaluation of risk management capability of public-sector participants in build-operate-transfer highway projects in Nigeria
description	Risks are inherent in BOT highway projects and have serious impact on its delivery. This paper seeks to evaluate the risk management capability of the public-sector participants involved in the execution BOT highway projects in Nigeria. Questionnaire survey was adopted to elicit information from experts who are active stakeholders in BOT highway construction in Nigeria. The population of the study comprises of government officials, contractors, concessionaires, bankers, consultant engineers and quantity surveyors, and academics. The study adopted stratified random sampling. Seventy-two (72) responses were obtained from One hundred and ten "110" questionnaires administered. The study adopted fuzzy synthetic evaluation (FSE) method in the analysis of data because of its ability to handle multi attributes and multi criteria nature of the problems. The result indicated that their risk management capability is below average, though not too poor. It was found that low awareness of risk management and its importance is responsible for low overall risk management capability of the public sector and this has hindered efficient and effective project delivery by the public-sector participants. The study concluded that there is need for public-sector participants to give more attention to risk management practice and application, embrace formal risk management with considerable training to further improve their risk management capability.
format	Article
author	Fabi, J. K. Hamid, R. A. Mustapa, M. Mustapa, F. D.
author_facet	Fabi, J. K. Hamid, R. A. Mustapa, M. Mustapa, F. D.
author_sort	Fabi, J. K.
title	Evaluation of risk management capability of public-sector participants in build-operate-transfer highway projects in Nigeria
title_short	Evaluation of risk management capability of public-sector participants in build-operate-transfer highway projects in Nigeria
title_full	Evaluation of risk management capability of public-sector participants in build-operate-transfer highway projects in Nigeria
title_fullStr	Evaluation of risk management capability of public-sector participants in build-operate-transfer highway projects in Nigeria
title_full_unstemmed	Evaluation of risk management capability of public-sector participants in build-operate-transfer highway projects in Nigeria
title_sort	evaluation of risk management capability of public-sector participants in build-operate-transfer highway projects in nigeria
publisher	Science Publishing Corporation Inc.
publishDate	2018
url	http://eprints.utm.my/id/eprint/86646/ https://www.sciencepubco.com/index.php/ijet/article/view/22562
_version_	1680321075968212992
score	13.211869

Evaluation of risk management capability of public-sector participants in build-operate-transfer highway projects in Nigeria

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