Assessing Risk Management Maturity of Construction Organisations on Infrastructural Project Delivery in Nigeria

Abstract

Assessing risk management capability (RMC) of contractors prior to their selection for a project would contribute significantly to project successful delivery. This paper assessed current RMC of Federal highway projects contractors in Nigeria. The study involves review of literatures and questionnaire survey of eighteen rehabilitation projects across Southwest of Nigeria. Maturity levels of the contractors were assessed on four level scale using Fuzzy set theory. The result suggested that overall risk management maturity level of the contractors is ‘novice’. It also indicated maturity levels of contractors on different RMC attributes and provides additional decision support information for selecting winning bid.