Browsing by Author "Steve Amoako"

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    Risk Management Practices of Construction Projects in the Mining Sector
    (KNUST, 2019-11) Steve Amoako
    In Ghana the importance of mining in the economy cannot be underestimated. Mining, especially gold mining, started several centuries before the arrival of the white man and during the colonial period the country was named “Gold Coast” to reflect such an importance. The aim of this thesis is to explore risk management practices of construction projects in the mining sector with three objectives being: To establish the critical risk factors associated with construction projects in the mining sector; To ascertain the risk mitigating factors attendant with construction projects in the mining sector; and to explore risk management practices of construction projects in the mining sector. Quantitative research method was adopted in which survey questionnaires were administered to respondents to gather primary data. Descriptive and Inferential analysis was conducted. Descriptive tools included standard deviation, mean scores, percentages and frequencies. One-Sample T-test and Relative Important Index was the inferential analytical techniques that were adopted. The findings of the research indicated that: Unavailability and accuracy of preliminary geo-scientific information; Instability of foreign currency exchange rate; High Inflation rate; Unstable and unpredictable fiscal regime; and fraud were critical risk factors associated with construction projects in the mining sector. It was recommended that construction project risk management stakeholders in mining industry ensures regular review and updating of risk management systems. Moreover, mining companies should take creative and innovative approaches to access new talents through training and education programs and retain existing skilled workers.