Abstract:
The construction industry is exposed to a lot of risks due to the involvement of many professionals.
The study was conducted to investigate the effects of risks on public construction projects in Ogun
State with a view to creating the awareness of identifying risks during project planning phase. The
study identified risks and assessed the effects of the risks involved in the management of projects.
The population of the study comprised all public projects in Ogun State. The public projects
include local government projects, state government projects and Federal government projects
under construction and completed but yet to be delivered. Data were collected using both primary
and secondary sources. Eighty-seven copies of questionnaire were administered and seventy-seven
were retrieved and subsequently processed. The data collected was analysed using both descriptive
and inferential statistics. The results showed that stability of the requirements (2.78), the design of
both internal and external features (2.70), and tracking of construction progress versus plan (2.57)
were rated low. It further showed that determining whether and how risks will be accepted,
mitigated, transferred or avoided (2.32) also rated low. The study concluded that project
supervisors or managers who are not project management professionals should register for a short
term course in project management. This will assist the project team members in managing projects
successfully.
