An assessment of risk management practices : A case of Evangelical Association of Malawi.

Mue, Joyce (2016) An assessment of risk management practices : A case of Evangelical Association of Malawi. Masters thesis, University of Bolton.

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Abstract

Today, organisations operate in a more dynamic and uncertain environment that exposes them to all kinds of risks, thus making risk an important aspect of any entity strategy. Consequently risk management has begun a strategic tool for development as well as for achieving organisational goals. Despite numerous studies on risk management, currently, risk management is still a business practice that is under studied in the developing countries and more so in Faith Based Organisations. Hence, this study aimed to assess the risk management practices in EAM. The study adopted an interpretivist philosophy. A case study strategy and a multiple data collection tools and sources were used (triangulation) to collect data from twenty- five purposively selected key informants in EAM. Content analysis was used to analyse the qualitative data collected. The analysis focused mainly on the themes that emerged from the data namely; value of risk management, potential risks, current risk management practices, critical success factors for an effective risk management in EAM. The findings reviewed inadequate funding, human resources, sustainability of projects, and economic instability risks as the most significant risks in EAM. In addition, it was observed that EAM has tried to put some measures to address some of its risks especially on financial matters. However, there is neither structured risk management process nor a wide-organisational risk management approach. The study identified risk management policy, appointment of risk manager, adequate resources allocation and capacity building on risk management as the most critical success factors for an effective risk management in EAM. This study recommends EAM to adopt an enterprise-wide approach to risk that ensures a more proactive, consistent and greater responsiveness to risk management approach.

Item Type: Thesis (Masters)
Additional Information: Electronic version of the dissertation submitted in partial fulfillment of the requirements for the degree of MSc in Project Management awarded by University of Bolton in conjunction with Malawi Institute of Management
Divisions: University of Bolton Theses > Off-campus Division
Depositing User: Tracey Gill
Date Deposited: 13 Mar 2017 20:13
Last Modified: 07 Jun 2019 09:00
URI: http://ubir.bolton.ac.uk/id/eprint/1118

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