Thesis (MSc) - Cyprus International University. Institute of Graduate Studies and Research Civil Engineering Department

Includes bibliography (sheets 78-82)

ABSTRACT
The effects of risk management on the completion rate of delivering transport
construction projects in Libya have been investigated and presented following an
extensive data collection and analysis.
The purpose of the research is to get a deeper comprehension of different potential risk
variables that have been categorized into seven different categories. In addition to this,
the study intends to investigate the efficacy of various preventatives through seven
categories and mitigating with six measures. In addition, it is necessary to investigate
the implementation of risk assessment strategies in transport construction projects
throughout the State of Libya.
In order to accomplish the goals of the research, a closed-ended questionnaire was
employed as the data collection method. The experts involved in the transportation
infrastructure projects, such as consultants, owners, contractors, site/office engineers,
and sub-contractors, each received one of the eighty-five questionnaires that were
handed out. Microsoft Excel package was utilized in the process of data analysis.
According to the comments of the participants, the five most significant risk factors
are as follows: political instability, corruption and bribery, inflation and unexpected
rises in the cost of materials and equipment, an absence of financial resources, and late
fees to the contractor. These key risk concerns are mostly connected to groups in the
financial, political, and governmental sectors, and the legal sector, respectively.
According to the findings of the survey, the majority of owners and contractors suffer
from a lack of information regarding the methods in which risks can be mitigated and
prevented. Estimations of both time and cost almost always rely on the subjective
judgment gained through experience.
According to the findings and recommendations of the study, additional action is
required to eliminate the issues that are caused by badly managed transportation
infrastructure projects. Therefore, owners and contractors should take responsibility
for managing their various variables and begin working to resolve possible issues as
early in the process as possible, starting with the feasibility stage. This is considered
to allow for a smoother and more successful completion of the project.
Keywords: Delivery Risks, Key Risk, Libya, Risk Management, Transportation
Infrastructure, Transport Projects.