Project Risk Management Strategies and Project Performance of the Telecommunication Industry, Ghana

Abstract

The study examines the effect of project risk management strategies on project performance in Ghana's telecommunication industry. Specifically, the study examined the effect of risk assessment on project performance among the telecommunication firms, analysed the effect of risk control on project performance among the telecommunication firms, and assessed the effect of contingency planning on project performance among the telecommunication firms. The resource-based view underpinned the study. The study was purely quantitative, and the design was explanatory. Data was collected from 113 functional managers from the Ghana telecommunication industry. The analysis was done using multiple regression on SPSS version 25.  The study found that risk assessment had a significant positive effect on project performance. The study found that risk control significantly and positively contributes to project performance. The study found that contingency planning significantly and positively contributes to project performance. Therefore, it was recommended that functional managers in the telecommunications sector should prioritise developing and implementing risk control measures and contingency plans.