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Risk Management Practices in Tanzania

In: Risk Management Practices in Construction

Author

Listed:
  • Ayodeji E. Oke

    (Federal University of Technology Akure)

  • Pelumi E. Adetoro

    (Malawi University of Business and Applied Sciences)

  • Seyi S. Stephen

    (University of Johannesburg)

  • Clinton O. Aigbavboa

    (University of Johannesburg)

  • Lukman O. Oyewobi

    (Federal University of Technology Minna)

  • Douglas O. Aghimien

    (De Mont Fort University)

Abstract

The economic importance of the construction industry in developing countries cannot be overstated due to the critical need for infrastructure development and housing. The Tanzanian construction industry accounts massively for the country’s economic development. This chapter gave an insight into what risk management practice entails in general. Also, it discussed the practice in the said country along with challenges, impediments, and other related subsections. The study concluded that there is a low level of adoption of risk management practices among the construction professionals of the country. The study stated that the reason for this is the fact that risk management is still in its early stages. The chapter recommended that training and further awareness should be encouraged to increase the level of adoption and implementation in projects.

Suggested Citation

  • Ayodeji E. Oke & Pelumi E. Adetoro & Seyi S. Stephen & Clinton O. Aigbavboa & Lukman O. Oyewobi & Douglas O. Aghimien, 2023. "Risk Management Practices in Tanzania," Springer Books, in: Risk Management Practices in Construction, chapter 0, pages 95-103, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-35557-8_8
    DOI: 10.1007/978-3-031-35557-8_8
    as

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