Browsing by Author "Njoku, Emmanuel Chukwudi"

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    Effects of project risk factors on procurement selection methods in South East Nigeria: A case of World Bank assisted project
    (Federal University of Technology, Owerri, 2024) Njoku, Emmanuel Chukwudi
    Selection of procurement methods without considering the effect of project risk factors has resulted to failure in achievement of sustainable acquisition of goods, works and consultancy services in many organizations. This study on effect of project risk factors on procurement selection methods in South East Nigeria is to improve and enhance selection of procurement methods in World Bank assisted projects. Non probability sampling survey technique was adopted. 400 questionnaires modelled in five point Likert scale were administered on the project team members of the seven World Bank assisted projects. 350 valid responses were obtained and data collected were analysed using component factor analysis, correlation and multiple regression analysis in Statistical Package for Social Sciences to identify, evaluate and rank the essential project risk factors that affect the selection of procurement methods. Principal component analysis were used to extracted four project risk factors namely: project resource and risk avoidance, price certainty for allocation of project responsibility, clients experience in handling project and contract funding arrangement and quality of services. These project risk factors were subjected to multiple regression analysis to determine their respective level of effect in the selection on procurement methods. Results revealed that at a significance level of 0.05, for procurement of goods, works and non consulting services, project completion time and risk avoidance and contract funding arrangement and quality of services ranked first with coefficient value of 0.433. For consultancy services, contract funding arrangement and quality of services had the highest effect on selection of QCBS procurement method with a coefficient value of 0.422 at a significance level of 0.05. It is recommended that prior to the selection of ICB and QCBS as procurement methods for goods, works and services consideration should be given to project completion time, risk avoidance, contract funding arrangement and quality of services.