Nigeria is being classified among the under-developed /developing states in the universe and as such, a scheme was published of the state ‘s authorities of going among the 20 most developed states in the universe by the twelvemonth 2020. This study focuses on the building undertaking sector of the state ; seeking to place the cause of undertaking failures and hapless undertaking bringings on clip, cost and quality specification by the undertaking stakeholders which caused past failures to the building sector and will hinder the accomplishment of the vision successfully.
Research findings revealed that the job in the Nigeria building undertaking sector is due to hapless competence of the building undertaking stakeholders on hazard direction and its procedure ; hapless understanding why undertakings are being undertaken and, no thrust for sustainability of completed undertaking due to the stakeholders high involvement in presenting the undertaking on clip ( ‘money witting ‘ ) . These jobs are contributed by all the key undertaking stakeholders largely at the executing stage of the undertaking life rhythm where the physique up takes topographic point. To decide these hazards, a triangulation ( assorted ) method of researching was used to transport out this study. A instance survey utilizing secondary research studied a well to make UK Construction Company while a questionnaire is designed with the scheme of placing the maturity/competency province of Nigeria building undertaking stakeholders while a correlativity method will be used to compare the hazard direction procedure of Nigeria and the United Kingdom. With the spread identified and resolved on clip, Nigeria will be classified among developed states.
All thanks go to God Godhead, the Godhead of Eden and the Earth and made me in his image. He is seeing me through the life rhythm of my life: Thankss Lord.
Second, I say particular thank you to my supervisor ( Irena spanovic ) for her attending all through the research procedure.
Finally, thanks to my household members for loving and ever there for me ; you are the best.
Risk direction in the Nigeria building sector has non been efficaciously explored which may be the cause of building relays, cost and clip over tallies in the Nigerian building undertaking sector. Therefore, this study seeks to place the key hazard exerted on the Nigeria building undertakings by the undertaking stakeholders. Hazard is associated with all facets of human enterprises and this non excepting building activity where by the associated hazards are extremely diverse and varies ( Odeyinka, 2000 ) .
Construction undertakings like other types of undertakings does non happen on its ain but, it is being carried out, handled and influenced by stakeholders peculiar to that undertaking. It is perceived to hold high degree of hazard due to the engagement of contractual parties such as the providers, proprietors, contractors, subcontractors, interior decorators ( El-Sayegh, 2007 ) . The functions of stakeholders in a undertaking can lend positively or negatively towards the success of the undertaking. Stakeholders who are negative ( or against ) to the undertaking can act upon the undertaking in a negative manner, which will present some degree of hazard to the undertaking. But stakeholders whither positive or negative towards the undertaking can to some extent be the beginning of hazard in a undertaking or instead affected by the attendant consequence of hazard associated to the undertaking activities. It is hence of import to understand the significance of hazard due to the fact that this study chiefly focuses on the topic hazard direction. Hazard is defined as events which are likely to impact the ability of a undertaking to accomplish its defined aims ( Westland, 2006 ) . All undertakings are inherently hazardous when carried out ( APMBOK, 2006 ) building undertakings non excepting from the list.
However, the different hazard associated with undertakings as such has the inclination of either impacting the smooth completion of the undertaking on clip, cost and quality specification or on the other manus, affects the completed undertaking during the benefit realization stage ( after the undertaking has been completed ) .
Construction undertakings are accompanied with different characteristic procedures and associated hazard but these features varies with parts and locations to which the building undertaking is being executed ( Zhi,1995 ) . Irrespective of the state, vicinity or part, building undertakings are normally hazardous due to variableness of building patterns being upheld in such part.
As it relates to Nigeria, the hazards associated with the building undertakings ( industry ) are really legion taking to be and clip overproductions every bit good as developmental deceleration of the state in general. Therefore, this study will seek to place the chief hazards Nigeria cardinal building undertaking stakeholders contributes to project failures and the non bringings of undertaking on clip, cost and quality specifications and besides, a recommendation will be given on how the hazard can be efficaciously managed.
1.1 Undertaking Aim
Designation of the Key hazards being experienced by the Nigeria building undertakings by its key stakeholders which has caused failures in undertaking bringings and hapless development to the full state.
1. Vivid designation of the predominating stakeholder ‘s caused hazards associated to the Nigeria building undertaking.
2. Give a proposal for verifying the credibleness of the identified hazards with a comparing of the hazard direction procedure being practiced by a well to make international building company undertakings abroad with the assistance of a instance survey.
3. Give a recommendation for the effectual direction of the identified hazard so as for rapid development to get down to take topographic point in Nigeria where by undertakings will be completed on clip, cost and quality specification required by the associated stakeholders as related to the undertaking
1.3 Project Rationale
1.3.1 Personal Rationale
The word hazard has non been better understood by people and even when understood, it has non been efficaciously managed and hence, taking to failures and unanticipated fortunes being experienced on undertakings and concern as usual activities.
From literature reappraisals, it has come to the notice that there is high involvement in hazard direction and as such, assorted hazard related studies has been published on different states such as building hazards studies on UAE ( El-sayegh, 2008 ) , Indonesia ( ANDI,2006 ) , USA ( Kangari,1995 ) , China ( Fang, Fong, and Shen,2004 ) , Hong Kong ( Ahmed, Ahmad, and Saram,1999 ) .
It is nevertheless noticeable that hazard direction as it relates Nigeria has non been given concrete attending. This has contributed to the failure of undertakings and some undertakings non being delivered in conformity to the specification required by the federal authorities. This has led to the deceleration and decelerate development on the full Nigeria substructure and sectors. Due to this ground, the state has come out with a airy statement published by the Concept for Nigeria ‘s vision ( 2008 ) as “ By 2020 Nigeria will be one of the 20 largest economic systems in the universe able to consolidate its leading function in Africa and set up itself as a important participant in the planetary economic and political sphere ” . This study believes that the hazard that has led to the slow or hapless development of Nigeria and the building sector specifically was caused by the stakeholders involved in the undertakings. Therefore, it is best for the hazard associating to undertakings stakeholders to be identified proactively and eradicated so as for the vision of the state to be achieved sustainably.
About 50-60 % of the capital investing in developing states goes to building related activities and undertakings ( Dharwardker,1979 ) and this non efficaciously managed normally consequences in the waste of the allocated investing on such undertakings. A study harmonizing to the planning commission on national building policy ( 1989 ) explained that the Nigeria building undertakings during the 1980 ‘s contributed about 70 % of the Gross domestic merchandise ( GDP ) of the state and, contributed vastly to the overall state ‘s development during that period. Unfortunately, by 2004, the GDP of Nigeria on building undertakings has decreased to 1 % which was chiefly as a consequence of assorted factors runing from hapless public presentation to unidentified causes ( AfDB/OECD, 2006 ) .
Besides, with the vision of Nigeria to go among the 20 most industrialized and developed state in the universe by the twelvemonth 2020 with purpose of holding a GDP and a national per capital income per twelvemonth mark of non less that $ 900 billion and $ 4000 severally ( Oni,2010 ) , it is nevertheless of import to detect the head hazards which has contributed to the past lessening in the GDP and hapless development of the of the Nigeria building sector and besides, recognize hinderances that will stand to the accomplishment of the vision 2020 successfully every bit good as uninterrupted sustainability of the Nigerian building economic sector. Therefore, this study seeks to place the most built-in hazard in the Nigeria building undertakings which when analysed and resolved, will take to a proper building undertaking direction, hike the Nigeria economic system, furthering development and leting Nigeria to stand in the degree of extremely developed states.
1.3.3 Academic Rational
More researches are get downing to be carried out on the subject hazard and hazard direction. This study seeks to pick this chance to carryout a research subject on hazard as it related Nigeria and this will be carried out with the assistance of literature reappraisal based on secondary research. However, it is anticipated that the undertaking when completed will be farther explored by other research workers utilizing both primary and secondary research for the intent of coming out with more facts and existent clip information associating to the subject country.
1.4 Research agenda
Name OF TASK
DURATION ( Day )
Research for subject countries
Select undertaking subject
Review selected undertaking subject
Submit subject to supervisor
Review subject and finalise subject country
Draft research proposal and
Discuss proposal with supervisor
Approval of research subject
Draft research agenda
Beginning for relevant literatures
Draft research debut
Draft research rational
Submit and meet with supervisor for elucidations and blessing
Project research program approved
Draft literature reappraisal ; study findings and methodological analysis
Submit and meet with supervisor for blessing
Draft information analysis, decision and recommendation
Submit decision and recommendation to supervisor
Proof read and redact write-ups
Write tabular array of content and Abstract
Pass study through plagiarism package
Burn study to CD
Print and bind concluding study
Submission of concluding study
Concluding study submitted
Table 1: Research agenda
1.5 Gantt Chart
The Gantt chart which explains the undertaking research agenda is as shown in appendix aˆ¦ .
1.6 Undertaking Deliverables
The deliverable which this study seeks to accomplish includes the followers
The undertaking research program
Project literature reappraisal and study findings
Report decision and recommendations
During the cause of this study, the undermentioned premises have been taken:
The undertaking rubric will be flexible to alterations until the concluding study has been concluded
The stakeholders that will be discussed in this study are all primary cardinal building undertaking stakeholders.
The study will non be bound with limitations that will hinder the aggregation of literature informations
This study will stop up as a proposal and as such, farther research on the subject country will be carried out by other research workers and the usage on primary research for existent and natural information reading
No alteration in undertaking range
1.8 Critical success factors
The success of the this undertaking depends on some factors ; these include
An effectual communicating in topographic point between the research worker and the undertaking supervisor
Rigorous conformity to the outlined research agenda
A clear apprehension of the undertaking vision and doing certain the research is been carried out on relevant subject countries
1.9 Research constrains
The chief restriction that will impede the bringing of this undertaking is clip and resources constrain. The clip available for this study to be carried out is really short and fundamentally non plenty and as such, there would hold been handiness of adequate resources on the different subjects countries and usage of primary data/research methodological analysis.
This not-availability of real/primary informations and information from the stakeholder ‘s peculiar to the Nigeria building industry every bit good as some from other international building projects/countries is another major constrain to this study. This therefore is due to the fact that the research is constrained to utilizing fundamentally secondary informations for its readings.
1.10 Research range
The range of this undertaking includes
Transporting out the undertaking study based on secondary research and at the closeout stage, will give a proposal for primary research to be carried out by other research workers.
The full study will hold a sum of five chapters.
The primary focal point of this study will be how stakeholders in the Nigeria building undertakings have contributed to the building undertaking hazard and holds.
1.11 Scope exclusions
The undertaking range does non include the undermentioned
Analyzing the hazards based on undertaking proficient hazard point of position
Transporting out the research utilizing primary research
In conformity to the research methodological analysis specified for this undertaking, this study will be carried out purely on secondary research. The stuffs used for this study will be sourced from text editions, diaries, intelligence letters, white documents, talk note, cyberspace beginnings and critical ratings of already written literatures. Besides, a instance survey of the hazard direction procedure of a UK building company will be carried out by secondary research so as to do comparing to the hazard direction pattern of the Nigeria building undertaking sector.
1.13 Research demands
The stuffs to be used will be purely secondary and will be made available chiefly from the school library, international diaries, text editions and other already written literatures related to this subject country. Largely, literature on the country can merely be assessable from international diary sites where by there demands to be a pre-registration before handiness.
1.14 Ethical consideration
In conformity to the university ethical research policy, the undermentioned ethical consideration has been made for this undertaking study:
The write-ups of this study will non be revealed to any other pupil except the study has been finalised and submitted. This is to avoid plagiarism which is against the university policy.
The secondary informations to be used for this study will be accessible through the university library resources and other beginnings.
All findings of this study should be kept confidential and non revealed to any administration unless there is a due permission from the university and the research worker.
The writers used for literature reappraisals will be adequately acknowledged by being referenced.