5.0 CONCLUSION
This study has painstakingly investigated risk management practices and
its sustainability in construction industries in south east geopolitical
zone of Nigeria. It therefore finds the following:
- Delayed payment challenge, financial risk, design risk, security risk,
equipment productivity risk, kidnapping, community unrest, material
supply challenges, and flood are all risks in construction industries
in south east geopolitical zone of Nigeria.
- Flood and volcanic eruptions are not risks in the construction
industry in the study area.
- Program Evaluation Review Technique is the most effective risk
management practice in Nigeria.
- Transfer of risks to Insurance businesses is ineffective in Nigeria
currently.
- Program Evaluation Review Technique, Analytical Hierarchy and
Probability Impact Methods of risk management conform to sustainable
development practices and hence they are recommended for use in
management of risk in Nigeria.