The Influence of Project Risk Management on Project Sustainability: A Case Study of Price Project, Kicukiro District

This research intended to establish the contribution of risk management on project sustainability and was carried out in PRICE project in ministry of Agriculture as the case study with the following objectives; to assess the contribution of risk avoidance to the sustainability of PRICE project, to examine the effect of risk mitigation on sustainability of PRICE project, to evaluate the influence of risk transfer on the sustainability of PRICE project and to find out the role of risk retention on the sustainability of PRICE project. The researcher reviewed literature related to the contribution of risk management on sustainability of projects where it was indicated that risk management is vital in ensuring sustainability of projects. The research design used was descriptive based on qualitative and quantitative data. The population of the study was 290 project employees while the sample size was 168 respondents selected using purposive and simple random sampling techniques. Data was collected using questionnaires and interviews for primary data while for secondary data documentary review was done. In ensuring validity and reliability pretesting of research instruments was done before data collection. The collected data was presented using tables and analyzed using SPSS program. The researcher found out that risk retention strategies are practiced in PRICE project to ensure that they become sustainable through risk management; there are various forms of risk management in PRICE project that are relevant in improving project sustainability and that risk retention strategies are vital enough to improve sustainability hence confirming that risk retention strategies facilitate project sustainability. The contribution of risk transfer on PRICE project to contribute to project sustainability are insurance policies, indemnification agreements and releases and waivers. Risk transfer facilitates sustainability in PRICE project through affiliating improvements in being risk averse. The researcher recommended that employees of various projects in Rwanda should work hard to ensure that costs related to risk management are minimized.