Abstract:
This study investigates the risk management practices employed in three major infrastructure projects in the Jimma Zone: the Expansion of Shenen Gibe Hospital, the Shenen Gibe Cultural Hall project, and Ifa Boru Secondary School. Utilizing a mixed-methods research design, the study combines quantitative and qualitative approaches to provide a comprehensive analysis. Data were collected through surveys distributed to key stakeholders, supplemented by in-depth interviews to gain deeper insights into risk management practices. A stratified random sampling method was employed to ensure representation from various project participants. The analysis involved statistical evaluation of survey responses and thematic analysis of interview data to identify key trends and challenges. Results indicate a moderate level of effectiveness in risk management practices, with existing tools for risk identification underutilized and inconsistently applied. Qualitative risk analysis methods are frequently employed; however, a lack of quantitative analysis suggests gaps in understanding financial implications, which could hinder informed decision-making. Risk response strategies, particularly risk transfer methods, show promise, yet there is a notable deficiency in risk avoidance techniques and contingency planning. The study also identifies significant challenges, such as labor shortages, design changes, and financial uncertainties like price fluctuations, which impede effective risk management. Based on these findings, the study proposes targeted recommendations including the establishment of comprehensive risk management frameworks, enhanced training and stakeholder engagement, improved communication strategies, and increased investment in risk management tools. Implementing these recommendations can strengthen risk management practices, leading to more successful project outcomes and increased stakeholder confidence in infrastructure development within the region
