Abstract:
If these risks are not effectively dealt with, they pose a challenge to the completion of the project.
Therefore, risk analysis and management of risks is a major feature of project management in which
project managers need to effectively deal with the risks and uncertainty to fully achieve the vision
of the project. Project performance is determined by factors such as cost, customer satisfaction,
time, health, client changes and business performance the concept of project delays as a result of
risk is now a global phenomenon. The study’s general objective was on risk management process
and performance of force account projects in Tanzania: A case of Institute of Accountancy Arusha.
The study was guided by the stakeholder’s theory and agency theory. The study adopted a
descriptive design and Quantitative research approach in order to determine how risk management
practice concerning risk management process how the whole process affect the performance of
force account projects in Tanzania. The study used primary data and the study employed semi-
structured questionnaires to gather relevant information from a total of 52 participants The data
collected was then analyzed using SPSS and the findings of the study were presented in tables.
The study indicates that effective risk identification practices, including tools like documentation
review and interviews, are crucial in force account performance projects at IAA. The findings
emphasize the importance of proactive strategies and the creation of risk registers and risk report
documents. The lower perception regarding proactive aspects indicate a potential area for
improvement in incorporating risk assessment into contingency planning and threat identification.
The findings suggest that effective risk treatment practices significantly contribute to the success of
force account projects and however, there was a limited perception among respondents about the
regular review, reassessment, and updating of the risk register. This process is crucial for evaluating
changes in risk information and monitoring the status of risk triggers.
