Risk assessment in construction industry in Tanzania in Tanzania

Abstract

Risk management has substantial influence on construction Projects achievements in Tanzania. Projects’ failures result from time, cost and poor quality because of little attention given to the management of the risks involved during their execution. The study aims at assessing risk management; and hence, seeks to analyze the extent of particular risks, knowledge and understanding. Additionally, it aims at analyzing partnering and communication of risk issues in the construction industry and suggests measures to be taken in mitigating risk occurrences. The methodology adopted in carrying out this research includes literature review, data collection through discussion and interview with construction projects stakeholders, site observation and document review in Dar es Salaam and Coastal regions in Tanzania. The findings indicate that the construction industry is plagued with different types of risks, namely technical, organizational, financial, political, legal and market risks. Technical and organizational risks are the most predominant as they occur more frequently when compared to the others. Furthermore, the study indicates that there are no formal procedures, partnering and proper risk communication methods in terms of better tools laid down to handle the risks. Finally, lack of understanding and knowledge becomes one of the problems faced by construction projects stakeholders in Tanzania.