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A CONCEPTUAL MODEL OF RISK MANAGEMENT FOR PREDICTING SUCCESS IN CONSTRUCTION PROJECTS

Published In: 6TH INTERNATIONAL CONFERENCE ON ADVANCES IN CIVIL, STRUCTURAL AND MECHANICAL ENGINEERING
Author(s): BERENGER YEMBI RENAULT , JUSTUS NGALA AGUMBA , NAZEEM ANSARY

Abstract: The recurrence of project failures in construction has tarnished the image of the construction industry globally. This development has been in part due to inefficient risk management which ineluctably leads to poor project performance. However, there is scarcity of investigative studies that consider factors predicting success in South Africa construction industry and in developing economies. The objective of the study is therefore to identify the variables of risk management that are predictors of project success. The work methodology included a literature search relating to risk management which enabled the identification of core variables relevant to the study using content analysis. The review spanned a decade and lustrum between January 2000 and December 2015 and was based on a combination keyword search in three databases namely;Science Direct, Taylor and Francis Online, and Emerald. Nine core variables were identified which are perceived to predict project success. These were: o

  • Publication Date: 29-Apr-2018
  • DOI: 10.15224/978-1-63248-150-4-58
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ESTABLISHING THE RELATIONSHIP OF MONITORING AND REVIEW WITH PROJECT SUCCESS OF SMALL AND MEDIUM CONTRACTORS IN SOUTH AFRICA

Published In: 6TH INTERNATIONAL CONFERENCE ON ADVANCES IN CIVIL, STRUCTURAL AND MECHANICAL ENGINEERING
Author(s): BERENGER YEMBI RENAULT , JUSTUS NGALA AGUMBA , NAZEEM ANSARY

Abstract: Monitoring and review are very essential management tools for ensuring that project objectives in construction are fully accomplished and that the project remains on track. However, it appears that little research has been conducted in South Africa,on the relationship of monitoring and review with project success of contractor especially within small and medium contractors (SMEs). Hence, the current study aims to empirically establish this relationship at project level of construction SMEs. To achieve this aim, a structured questionnaire was used to collect data from SMEs who were conveniently sampled in the Gauteng province of South Africa. The data was analysed using the Statistical Package for the Social Sciences (SPSS) version 23,computing inferential statistics. Empirical findings revealed that project success was positively influenced by monitoring and review. This was an indication that project monitoring and review in construction are important risk management practices that en

  • Publication Date: 29-Apr-2018
  • DOI: 10.15224/978-1-63248-150-59
  • Views: 0
  • Downloads: 0