Globally, performance of a construction project is
primarily judged by cost, time, and quality. Performance of any
project is measured by the extent of meeting the standards laid
down at the start of the project. Risk management has been
conceptualized as having a great bearing on the outcome of
projects. The purpose of this study was to investigate risk
management in relation to performance of National Government
Constituency Development Funded construction projects in
Nairobi County. The objectives of the study included; to assessing
the influence of resource risk management, to investigate the role
of risk management procedures, to analyze the influence of risk
management policies and finally to develop a framework for
enhancing proper risk management in the CDF projects in Kenya.
A survey research design was used. The study employed a
probabilistic sampling technique of simple random sampling in
data collection. The study found a positive correlation between
NG-CDF construction projects performance and all its
explanatory variables investigated in the study. The study
established that Construction risk management is extremely
critical for every company. Not knowing where there might be
risks on a project leave companies vulnerable and ill-prepared.
CDF risk management committee should therefore develop a risk
management policy that is consistent with the risk management
strategy and Explain the purpose, role and benefits of embedding
risk management policy and procedures into firms’ policies and
procedures.
Clean Development Mechanism and Its Risk Management Policy in Urban Infrastructure Construction
