Managing Risks in a Project Implementation: A Case of Awash Kombolcha Haragebeya Railway Construction Project

According to (Sons, 2003), project is an endeavor in which human, material and financial resources are organized in a novel way, to undertake a unique scope of work of given specification, within constraints of cost and time, so as to achieve unitary, beneficial change, through the delivery of quantified and qualitative objectives. However as (Farnad Nasirzadeh, 2008) understanding Many construction projects have not yet secured good project goal achievement. Failure could be realized in terms of severe project delay, cost overruns, and poor quality. Railway development in Ethiopia is first and foremost focused on economic development and It is expected to significantly reduce transport costs, increase the safety and reliability of transport services, facilitate the import-export trade of the country, increase the inflow foreign direct investment, strengthen socio-cultural cohesion, technical knowledge in the country and stimulate trade and peace in the whole region (Abiselom, 2016).Railway transport is exposed for such like risks both on the rail and the new way it implies great impact of country GDP in financial and logistics. This complexity requires close attention and follow ups.