Description

The purpose of this study was to investigate the level of awareness and use of risk management techniques by SMEs in the construction industry conducting business activities in King William's Town and Port Elizabeth in the Eastern Cape Province of South Africa. A self-administered questionnaire was used to gather data from 82 SME owners or managers in the construction industry. The statistical Package for Social Sciences (SPSS) was used to analyse data. The Chi-square, cross tabulation and descriptive statistical tests were employed to analyse the data. The results of the study revealed that there is a low level of awareness and use of risk management techniques by SMEs in the construction industry. In addition, the results revealed that SMEs in the construction industry have a positive attitude toward risk management techniques. The results of the study recommend that the government, tertiary institutions, construction industry development board and SME owners or managers in the construction industry should work together to improve the level of awareness and use of risk management techniques.
  • ISBN13: 9783659538797
  • Publisher: LAP Lambert Academic Publishing
  • Pubilcation Year: 2014
  • Format: Paperback
  • Pages: 00188
Specifications
FormatPaperback
Publication DateMay 20, 2014
Pages188
Primary CategoryBusiness & Economics/Management - General

Risk Management Techniques by Smes in the Construction Industry

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