US Construction Industry Managerial Strategies for Economic Recession and Recovery: A Delphi Study

2021 ◽  
Vol 147 (11) ◽  
pp. 04021146
Author(s):  
Manideep Tummalapudi ◽  
John Killingsworth ◽  
Christofer Harper ◽  
Mohammed Mehaney
Keyword(s):  
Construction Industry ◽  
Delphi Study ◽  
Economic Recession ◽  
Managerial Strategies

Critical drivers (CDs) of value management adoption in the Nigerian construction industry

2019 ◽  
Vol 17 (1) ◽  
pp. 250-264 ◽  
Author(s):  
Lekan Damilola Ojo ◽  
Deji Rufus Ogunsemi
Keyword(s):  
Construction Industry ◽  
Delphi Study ◽  
Survey Method ◽  
Value Management ◽  
Chi Square ◽  
Content Type ◽  
Adequate Understanding ◽  
Coefficient Of Concordance ◽  
Concordance Test ◽  
The Common

Purpose This paper aims to assess the drivers of value management (VM) in the Nigerian construction industry with a view to identify the critical ones through Delphi study. Design/methodology/approach A team of 15 carefully selected experts in VM were engaged in two rounds of Delphi survey, and the responses of the survey were analyzed with descriptive statistics (mean, standard deviation and mode). Kendall’s coefficient of concordance test and Chi-square (χ2) test were also used to test the level of consensus amongst the respondents at the two rounds of the survey to draw inference. Interrater agreement analysis and significant level analysis were further used to determine the criticality of critical drivers. Findings The critical drivers to VM adoption are adequate understanding of the benefits of VM, higher/postgraduate programme that teaches VM technique, professional’s previous experience with VM, collaboration of all construction professional bodies in Nigeria and VM training. Originality/value This paper used opinions of VM experts only to achieve the aim of this study as against the common survey method in which respondents who are not knowledgeable in the area of research might fill the questionnaire.

scholarly journals Driving the Fourth Industrial Revolution Initiative Through University and Industry Collaborations

2021 ◽  
Vol 26 (2) ◽  
pp. 211-230
Author(s):  
Aliu John ◽  
Aigbavboa Clinton ◽  
Wellington Didibhuku Thwala
Keyword(s):  
Construction Industry ◽  
Delphi Study ◽  
Industrial Revolution ◽  
Training Programme ◽  
The Body ◽  
Industrial Training ◽  
Fourth Industrial Revolution ◽  
Body Of Knowledge ◽  
Delphi Approach ◽  
Study Process

As the world basks in the euphoria of the fourth Industrial Revolution (4IR), Africa is gearing up for this innovative age, with South Africa as one of its leading voices. One of the ways of leveraging on the opportunities presented by the 4IR era is to foster collaborations between universities and the construction industry (university-industry collaboration, UIC). This research article aims to determine the positive impacts of UIC on the employability of built environment graduates. A qualitative Delphi approach was adopted to validate 16 factors, which were identified from literature. A total of 14 experts completed a two-stage iterative Delphi study process and reached consensus on all 16 factors identified. This study found that networking activities with industry professionals, student's exposure to innovative ideas and 4IR training programme opportunities are some of the ways through which UIC can improve 4IR knowledge and employability skills among students. From the Delphi survey results, educational institutions have been placed under significant pressures to intensify collaborations with the industry by creating avenues for students to experience industrial training with present-day 4IR-driven sectors such as the construction industry, which has begun the adoption of 4IR elements into its processes to improve efficiency and productivity. Although the issue of UIC has been widely discussed in the body of knowledge, very few have incorporated the 4IR dimension as a gap, which this study aims to fill.

Grand challenges for the Indian construction industry

2014 ◽  
Vol 4 (4) ◽  
pp. 317-334 ◽  
Author(s):  
Anil Sawhney ◽  
Raghav Agnihotri ◽  
Virendra Kumar Paul
Keyword(s):  
Construction Industry ◽  
Delphi Study ◽  
National Level ◽  
Health Sector ◽  
National Development ◽  
Construction Sector ◽  
Content Type ◽  
Social Growth ◽  
Grand Challenges ◽  
Growth Prospects

Purpose – Today, construction sector of most emerging economies, including India, is witnessing sharp growth prospects on the one hand and pressure to effectively and efficiently contribute to the national development on the other. The Indian construction industry is one of the major stimulants of the economic and social growth of the nation. However, the sector is confronted by numerous issues, thereby reducing its efficacy and unhindered growth prospects. The purpose of this paper is to extract various industry impediments and suggest a prioritized listing of challenges faced by the industry using the Grand Challenges Approach (GCA). Design/methodology/approach – Motivated by the GCA this study uses the Delphi process for consensus building in the expert panel, comprising of 39 professionals from across various industry stakeholders. A qualitative round was first used to acquire views on the challenges. Consequently two quantitative Delphi rounds were conducted to extract Top-10 Challenges for the industry based on two aspects – priority and impact. A wider industry survey was also carried out, which served as an unscientific validation of the Delphi Study. Findings – Grand Challenges facing the Indian construction sector were identified. Addressing these challenges at the national level has the potential of transforming the industry to highly efficient, quality cantered and bullish industry capable of delivering successfully. Originality/value – The GCA, used extensively by the health sector internationally, is used for the Indian construction industry in a novel way to set an agenda for enhancing its operational efficiency.

scholarly journals GLOBAL ECONOMIC RECESSION: CAUSES AND EFFECTS ON NIGERIA BUILDING CONSTRUCTION INDUSTRY

2018 ◽  
Vol 9 (1) ◽  
pp. 9-18
Author(s):  
Olanrewaju O. I. ◽  
Idiake J.E. ◽  
Oyewobi L.O. ◽  
Akanmu W. P
Keyword(s):  
Construction Industry ◽  
Economic Recession ◽  
Building Construction

scholarly journals Responding to the pandemic, can building homes rebuild Australia?

2020 ◽  
Author(s):  
Steven Rowley ◽  
Adam Crowe ◽  
Catherine Gilbert ◽  
Marko Kruger ◽  
Chris Leishman ◽  
...  
Keyword(s):  
Construction Industry ◽  
Economic Recession ◽  
Australian Economy ◽  
Economic Stimulus ◽  
Housing Industry

With the construction industry long being held up as an ideal mechanism for delivering economic stimulus in periods of economic recession and stagnation, this research assesses how the housing industry can help rebuild the Australian economy both during and after the COVID-19 pandemic.

scholarly journals Reducing Critical Hindrances to Building Information Modeling Implementation: The Case of the Singapore Construction Industry

2019 ◽  
Vol 9 (18) ◽  
pp. 3833 ◽  
Author(s):  
Liao ◽  
Teo ◽  
Chang
Keyword(s):  
Construction Industry ◽  
Building Information Modeling ◽  
Information Modeling ◽  
Critical Factors ◽  
Building Projects ◽  
Key Stakeholders ◽  
Building Information ◽  
Managerial Strategies ◽  
Survey Interviews ◽  
And Training

The Singaporean government has made building information modeling (BIM) implementation mandatory in new building projects with gross floor areas over 5000 m2, but the implementation is still plagued with hindrances such as lacking project-wide collaboration. The purposes of this study are to identify critical factors hindering BIM implementation in Singapore’s construction industry, analyze their interrelationships, and identify strategies for reducing these hindrances. The results from a survey of 87 experts and five post-survey interviews in the Singaporean construction industry identified 21 critical hindrances, among which “need for all key stakeholders to be on board to exchange information” was ranked top. These hindrances were categorized into lack of collaboration and model integration (LCMI), lack of continuous involvement and capabilities (LCIC), and lack of executive vision and training (LEVT). LEVT and LCIC contributed to LCMI; LEVT caused LCIC. The proposed framework implying the key hindrances and their corresponding managerial strategies can help practitioners identify specific adjustments to their BIM implementation activities, which enables to efficiently achieve enhanced BIM implementation. The hindrances identified in this study facilitate overseas BIM implementers to customize their own lists of hindrances.

scholarly journals A strategy to overcome the effect of economic recession on construction industry in Oman

2020 ◽  
Author(s):  
Yahya Khalfan Al-Tobi ◽  
Ram Kishore Manchiryal
Keyword(s):  
Construction Industry ◽  
National Income ◽  
Economic Recession ◽  
Management Style ◽  
Sultanate Of Oman ◽  
Suggested Strategy ◽  
Great Pressure ◽  
The Government ◽  
Financial Fluctuations ◽  
The Impact

Construction industry firms are affected by the financial fluctuations in the local and international markets. World countries have been exposed to many financial recessions such as the 2008 recession and the sharp decline in oil prices since 2014, which caused a major financial recession in countries that depend heavily on oil income in their economy like the Sultanate of Oman, where they constitute 70% of the national income. The research objective is to review previous literature review of some countries that have been exposed to economic recessions and how did these countries acclimatization to the recession. It will also focus on the strategies that followed by these countries to get out from the recession. Then, the research will identify the effects of the recession in the construction industry and the impact of it to the contractor in the Sultanate of Oman. Finally, a strategy will be suggested for the construction industry firm to use it through the economic recession to survive. The research methodology relies mainly on information provided by the Government of Oman through the National Center for Statistics and Information and through interviews with various construction specialists. The results show that most of the construction industry firms have been subjected to a great pressure due to the economic recession. The suggested strategy includes a procedure that assists construction firms to reduce expenses, how to bid and get new projects and create a new management style for the firm to cope with the developments and the volatility of the financial market.

scholarly journals Development of an Offsite Construction Typology: A Delphi Study

Buildings ◽  
2021 ◽  
Vol 12 (1) ◽  
pp. 20
Author(s):  
Buddhini Ginigaddara ◽  
Srinath Perera ◽  
Yingbin Feng ◽  
Payam Rahnamayiezekavat
Keyword(s):  
Case Studies ◽  
Construction Industry ◽  
Delphi Study ◽  
Industry 4.0 ◽  
Research Question ◽  
Detailed Review ◽  
Lightweight Steel ◽  
Multiple Products ◽  
Systematic Process ◽  
Multi Level

Offsite construction (OSC) delivers multiple products that vary in design and building complexity. Considering the growing prevalence of OSC, a systematic categorization of OSC types can offer operational and macroeconomic benefits to the construction industry. The purpose of this study is to develop an OSC typology through a systematic process, as existing studies do not present a rigorously evaluated typology that suits the modern OSC context. The research addresses the following research question: what are the distinct characteristics of unique OSC types that have emerged through the adoption of Industry 4.0-based technological advancements? Due to the rapid advancement of production and construction technologies, the existing OSC classifications are becoming outdated. As such, a detailed review of OSC technologies was conducted which enabled the identification of OSC categories: components, panels, pods, modules, complete buildings, and flat-pack (foldable structure). A series of case studies was then reviewed to explore and analyze the relevance of these OSC types in practice. It was then subjected to a Delphi-based multi-level expert forum to develop a modern and future-proof OSC typology. The rigorous process validated, defined, and delineated the boundaries between the OSC types. The research confirmed that OSC types can be broadly categorized as volumetric (pods, modules, complete buildings) and non-volumetric (components, panels, foldable structure). The results indicated that OSC skills vary with the complexity of OSC types, and that lightweight steel and timber are the most common materials.

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