Abstract: The Kenya Urban Roads Authority acknowledges the critical role of risk management in ensuring the successful completion of road construction projects. This is achieved through proactive risk identification, contingency planning, and continuous monitoring. The authority is committed to minimizing the impact of risks and uncertainties, thereby delivering high-quality road infrastructure that fulfills the community's needs. Research indicates that approximately half of construction projects experience delays, while around 63% of information systems projects encounter significant budget overruns, with the range extending from 40% to 200%. Despite these challenges, it is noted that most road projects eventually meet the specified requirements. However, they frequently fall short of adhering to their deadlines and budgetary limitations, with around 80% of ongoing road construction projects remaining incomplete. Therefore, this study sought to influence of risk transfer on performance of road construction projects by Kenya Urban Roads Authority in Nairobi City County, Kenya. The study was conducted using a cross-sectional research design. The research sample included project managers, engineers, supervisors, surveyors, environmentalists, risk managers, construction company employees, and government/KURA officials from eight road construction projects in Nairobi County accomplished between 2015 and 2021. A sum of 200 individuals made up this population. Out of this population, 134 participants were chosen at random for the sample. Surveys were employed to gather pertinent data for the research, and a reliability assessment of the research tools was conducted with a coefficient value exceeding 0.7. In order to confirm the questionnaires' validity and reliability, a pilot study was carried out with 10% of the participants. Descriptive statistics (mean, standard deviation) and inferential analysis (multiple regression) were utilized to analyze the collected data, along with diagnostic tests like correlation, normality, and multicollinearity assessments to verify data integrity. The findings were visually displayed using a mix of tables, graphs, and pie charts. The research discovered that the performance of road construction projects in Nairobi County, Kenya was significantly improved by risk transfer. The research findings suggest that risk transfer enables project managers to shield projects from severe losses, maintain project cash flow, and concentrate on the organization's key strengths. The research suggests that project managers should perform a comprehensive risk assessment and analysis in order to guarantee effective risk transfer.
Keywords: Risk transfer, Project Performance.
Title: INFLUENCE OF RISK TRANSFER ON PERFORMANCE OF ROAD CONSTRUCTION PROJECTS BY KENYA URBAN ROADS AUTHORITY IN NAIROBI CITY COUNTY, KENYA
Author: Chepkoech Mercy, Dr. Perris Chege
International Journal of Social Science and Humanities Research
ISSN 2348-3156 (Print), ISSN 2348-3164 (online)
Vol. 12, Issue 3, July 2024 - September 2024
Page No: 151-159
Research Publish Journals
Website: www.researchpublish.com
Published Date: 02-August-2024
