International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

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Risk management practices and their influence on mega project performance in developing countries

Author(s) Mr Augustine Mpofu, Mr. Bornface Sibanda, Mrs Linda Mukandawire, Mr. Lenin Machiri, Lord Malvern Tshuma
Country Zimbabwe
Abstract This study critically explores the influence of risk management on building projects in Zimbabwe, with a particular focus on identifying prevalent risk factors that significantly affect project performance. It seeks to assess the overall impact of risk on the construction sector while evaluating the current state of risk management practices. By examining relevant literature from the five years leading up to the research date, and employing a literature review methodology, the study provides a comprehensive understanding of both the status of risk management and project performance within the Zimbabwean construction industry. Key objectives include gaining insight into existing risk management practices and capturing the perceptions of project managers and other stakeholders regarding the effectiveness of these practices. The research identifies several recurring variables that adversely affect construction projects. These include fluctuating prices and inflation, inconsistent government regulations, funding shortages, and clients' evolving demands. Such factors pose considerable challenges and often undermine the successful delivery of construction projects across the country. The study finds that there is a positive relationship between risk management and project outcomes meaning that if risks are not proactively managed, they will lead to a project failure and vice versa. We recommend the development of a risk management model tailored specifically to Zimbabwe’s most common risk factors. We further advocate for the provision of vocational training for artisans to enhance skill levels, the establishment of indigenous risk managers within different regions to ensure localized expertise, and the training of all relevant stakeholders in effective risk management techniques. These measures are proposed to mitigate the negative impacts of risks and strengthen project outcomes. Ultimately, the study serves as a valuable resource for policymakers, offering a framework through which they can evaluate the effectiveness of current risk management strategies and implement informed policy changes. Such changes would aim to cultivate a more resilient and responsive system within the construction sector, one that adequately supports all stakeholders and promotes sustainable development in Zimbabwe’s built environment.
Keywords Risks, Risk management, Mega Projects, Political Risks, Economic Risks, Technical Risks
Published In Volume 7, Issue 3, May-June 2025
Published On 2025-06-23
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E-ISSN 2582-2160
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