scholarly journals REVISITING THE FINANCIAL ISSUES AND THE IMPACT TO CONSTRUCTION PROJECTS IN MALAYSIA

2021 ◽  
Vol 33 (2) ◽  
Author(s):  
Mohd Ashraf Mohd Fateh ◽  
Tan Hee Yee
Keyword(s):  
Construction Industry ◽  
Construction Projects ◽  
Construction Project ◽  
Microsoft Excel ◽  
The Sustainable Development ◽  
Competitive Capabilities ◽  
Development Goals ◽  
Questionnaire Surveys ◽  
The Impact ◽  
Financial Issues

Every activity in a construction project is related to time and cost. Delay is considered common and often occurred in a construction project. A slight delay can be very costly. It will impact all of the related stakeholders. This paper seeks to identify the financial issues in the construction industry and the impact of the financial issues towards the projects in Malaysia. Literature reviews and questionnaire surveys were used to carry out the study. The data collected were analysed via Microsoft Excel and SPSS software. The paper reveals that the withholding of payment by the approval parties is the critical financial issues in Malaysia’s construction industry, while the main impact when the financial issues occurs is where the project is delayed/postponed/terminated. The findings of this research will give a good insight to the industry and help to improve the local players’ competitive capabilities as highlighted by the Construction Industry Development Board (CIDB) in the Construction Transformation Programme (CITP) 2016-2020 and in line with the Sustainable Development Goals (SDGs) that was introduced by the United Nations (UN).

scholarly journals Study of factors affecting the performance of construction projects in AEC industry

2020 ◽  
Vol 12 (1) ◽  
pp. 2275-2282
Author(s):  
Saurav Dixit
Keyword(s):  
Construction Industry ◽  
Financial Management ◽  
Construction Projects ◽  
Construction Project ◽  
Primary Data ◽  
Enabling Factors ◽  
Management Planning ◽  
Factors Affecting ◽  
Living Entity ◽  
Questionnaire Surveys

Abstract A construction project is like a living entity and requires the interconnection and coordination of several stakeholders and many of them have their objectives, which sometimes create a conflict of interest between the teams and within the teams. The success of any project is repeatable, and a set of attributes for the success of a construction project can be identified, requiring discipline and hard work. The construction sector is the engine of growth for a nation and supplies services and goods to other industries. The objective of the study is to analyse the enabling factors affecting the performance construction projects in Architecture Engineering and Construction industry. The methodology chosen for the study is to collect primary data from the Indian construction industry using structured questionnaire surveys. The collected data are analysed using reliability and factor analyses. The findings of the study provide the value of reliability, that is, Cronbach's alpha value of (0.86) of the data collected using a questionnaire survey. Furthermore, exploratory factor analysis produced five main significant factors based on covariance between the attributes and grouped into factors such as site management and coordination, leadership and financial management, planning, commitment, and coordination having a variance of 17.65, 11.8, 9.1, 8.5, and 7.5%, respectively. This article is the extended version of the paper accepted and presented at CCC2019.

Impact of COVID-19 on project performance in the UAE construction industry

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Muhammad Sami Ur Rehman ◽  
Muhammad Tariq Shafiq ◽  
Muneeb Afzal
Keyword(s):  
Construction Industry ◽  
Construction Projects ◽  
Construction Project ◽  
Health And Safety ◽  
Project Performance ◽  
Content Type ◽  
Government Institutions ◽  
Depth Analysis ◽  
The Government ◽  
The Impact

Purpose The coronavirus disease 2019 (COVID-19) pandemic has affected the global economy and, thus, the global construction industry. This paper aims to study the impact of COVID-19 on construction project performance in the United Arab Emirates (UAE). Design/methodology/approach This study adopted a qualitative and exploratory approach to investigate the impact of COVID-19 and its policies on project performance in the UAE construction industry in critical areas of the project management body of knowledge (e.g. schedule, cost, resources and contracts). Semi-structured interview questions were asked from ten construction professional to obtain valuable insights into the pandemic’s effects on the UAE construction industry and the effectiveness of policies implemented to rectify the damage and identify the industry’s new normal. Findings The findings indicate that the construction industry faced several challenges such as schedule delays, disrupted cashflows, delayed permits, approvals and inspections, travel restrictions, serious health and safety concerns, material and equipment shortages, among others which hindered the timely delivery of construction projects. It also indicates that efforts made by the government institutions and the construction industry of the UAE such as economic support programs, digitization of processes, fee and fine waivers, health facilities, among other statutory relaxations proved effective in supporting the construction industry against the adverse effects of the pandemic. Research limitations/implications The research findings are limited to the literature review and ten semi-structured interviews seeking an expert’s opinion from industry professionals working in the UAE construction industry. The research team did not get access to project documents, contracts and project progress reports which may be required to validate the interview findings, and to perform an in-depth analysis quantifying the impact of COVID 19 on construction projects performance, which is a limitation of this research. Practical implications The implication is that, owing to the imposed lockdowns and strict precautionary measures to curb the rapid spread of the pandemic, smooth execution of the construction project across the country was affected. The government institutions and stakeholders of the construction projects introduced and implemented various techniques and solutions which effectively handled the implications of the COVID-19 pandemic on the construction industry of the UAE. Originality/value This study has identified the challenges faced by the construction industry of the UAE in the context of the management of project schedule, project cost, construction contracts, health and safety of construction employees and other related aspects of the construction projects. This study also identified the techniques and solutions adopted by various public and private institutions of the country and their implications on construction projects. Therefore, this study provides guidelines for policymakers and future research studies alike.

scholarly journals Integrating sustainability into construction project management: Barriers in developing countries

2019 ◽  
Author(s):  
Ali Fathalizadeh ◽  
Parviz Ghoddousi ◽  
Ali Akbar Shirzadi Javid ◽  
M. Reza Hosseini ◽  
Arka Ghosh
Keyword(s):  
Developing Countries ◽  
Project Management ◽  
Construction Industry ◽  
Construction Projects ◽  
Management Practices ◽  
Construction Project ◽  
Construction Project Management ◽  
Policy Makers ◽  
Importance Index ◽  
Development Goals

This paper is an attempt to explore the barriers to integrating sustainability into construction project management in developing countries. To this end, a comprehensive review of the literature is conducted, as a result of which a list of 30 barriers is culled from existing studies. The list of barriers is subsequently assessed in terms of relative importance index (RII) through a survey questionnaire administered to Iranian construction industry experts, resulting in a dataset of 176 completed questionnaires. Findings bring to light the most influential barriers to incorporating sustainability in construction projects for a developing country. These were: (1) lack of understanding of the potential selfbenefits of proactivity and high economic risks that unsustainable practices may carry, (2) inadequate assessment of risks and a silo-based approach, namely, insufficient cooperation among practitioners, research institutions and environmental organisations and (3) the lack of a systematic approach to planning and acting for the fulfilment of sustainability goals. As one of the first studies in its kind, the paper offers invaluable insight for researchers, practitioners, and policy makers, in supporting the transition of construction project management practices towards fulfilling sustainable development goals.

scholarly journals Cyber Security Threat Modeling in the Construction Industry: A Countermeasure Example During the Commissioning Process

2020 ◽  
Author(s):  
Bharadwaj Mantha ◽  
Borja García de Soto ◽  
Ramesh Karri
Keyword(s):  
Construction Industry ◽  
Cyber Security ◽  
Construction Projects ◽  
Construction Project ◽  
Facility Management ◽  
Full Potential ◽  
Security Threat ◽  
Threat Modeling ◽  
Essential Components ◽  
The Impact

The digitalization and automation of the construction sector, known as Construction 4.0, are transforming positively the way we plan, design, execute, and operate construction projects. However, they are also increasing the vulnerability of construction projects and making the architecture, engineering, construction, and facility management (AEC-FM) industry subject to cyberattacks. Although current cybersecurity practices are relevant, they cannot be directly adopted because of the unique challenges faced by the AEC-FM industry, such as complex supply chains, interoperability, and dynamic workforce from project to project. Current literature suggests that, though current standards and practices are relevant, industry-specific studies need to be conducted before they can be successfully integrated. To that extent, this study investigates the cybersecurity threat modeling for construction projects by developing a framework that identifies what might be compromised, how might it happen, why would someone intend to do it, what would be the impact, and what could be done to prevent it. Specifically, the objectives are to a) develop a preliminary threat model relevant to construction that can be used by construction stakeholders with minimal cybersecurity expertise, b) show the feasibility of the approach by using illustrative threat models for each of the life cycle phases of a construction project, and c) use the commissioning phase of a building as a case study to show a possible countermeasure for the cyber threats that could occur during the testing or certification process of a given system. This study addresses essential components to enable the full potential of (i.e., digitalization and automation of the construction industry) and define research areas needed to pave the roadmap for the future of the construction industry and successful development of Construction 4.0. The proposed framework will help analyze, examine, and address the safety and security of stakeholders and systems during crucial phases of a construction project (e.g., pre-construction, construction, and operation).

scholarly journals Measuring the Construction Project Resilience from the Perspective of Employee Behaviors

Buildings ◽  
2022 ◽  
Vol 12 (1) ◽  
pp. 56
Author(s):  
Zheng He ◽  
Genda Wang ◽  
Huihua Chen ◽  
Zhuojun Zou ◽  
Hongyan Yan ◽  
...  
Keyword(s):  
Social Network ◽  
Construction Projects ◽  
Construction Project ◽  
Poor Performance ◽  
High Energy ◽  
Social Constraints ◽  
The Sustainable Development ◽  
Employee Behaviors ◽  
Development Goals ◽  
Traditional Construction

The increasing developmental potentiality for the construction industry brings the huge challenge to make up the limitation of traditional construction project management mode when adapting to the Sustainable Development Goals (SDGs). Due to the high energy and resource consumption for the construction projects, there are a large number of uncertainties and disturbances in achieving resilient urban infrastructure. Studying construction project resilience (CPR) is imperative. However, prior studies preferred to measure resilience by systemic indicators, which are complex and unfriendly. Studying CPR from the perspective of employee behavior (EB) remains rare. Hence, this study proposed a social network analysis (SNA) methodology to overcome the research gap. Firstly, six EBs are identified by the systematic literature review (SLR). Then, the critical employees (CEs) and their interrelationships are investigated to form the social network. Six SNA parameters including density, degree centrality, betweenness centrality, efficiency, constraint, and cliques are selected to model the EBs, namely PMT cohesion, the identity of the project culture, formal behavior between employees, collaboration efficacy, informal social constraints, and reciprocity and mutual trust. Finally, the value of CPR is obtained and the strategies for improving the CPR are proposed from four characteristics: robustness, redundancy, rapidity, and resourcefulness. The findings provided a simple and effective techniques to measure the CPR and could benefit the project manager to improve the CPR by exerting accurate strategies to the EBs in poor performance.

scholarly journals Analysis Of The Impact Of The Covid-19 Pandemic On The Construction Industry Sector

Neutron ◽  
2022 ◽  
Vol 21 (2) ◽  
pp. 52-59
Author(s):  
Liliana Hannes ◽  
Julistyana Tistogondo
Keyword(s):  
Construction Industry ◽  
Construction Projects ◽  
Construction Project ◽  
Construction Materials ◽  
Industry Sector ◽  
Independent Variable ◽  
The Cost ◽  
The Impact ◽  
Cost Aspect

Accelerating infrastructure development in Indonesia is a good thing, but this is not without problems. The COVID-19 pandemic is a problem that has a large and global impact, not least in Indonesia, especially in the construction industry sector. The construction project of the Soedono Madiun Hospital is one of the construction projects that have experienced the direct impact of the COVID-19 pandemic. Therefore, the purpose of this study is to review and analyze the impact of the covid-19 pandemic on construction projects in the case study of the construction project of the Soedono Madiun Hospital, and to find out the biggest impact of the covid-19 pandemic which has the most influence on construction projects in the case study of the construction project of the Soedono Hospital. Madison. The research method used to determine the biggest impact of the covid-19 pandemic on the cost and time aspects is the multiple linear regression analysis method with the help of Microsoft Excel. The other data analysis methods used in this study were the validity and reliability tests used in testing the questionnaire. The results of data analysis conducted in this study indicate that there are seven independent variables affect the dependent variable, namely the suitability of planning and project realization with the equation y= 94.186-0.376x1-0.108x2-1.014x3+0.873x4 for the time aspect, and the equation y=87,009 -0.0006x5-0.001x6-0.0002x7 for the cost aspect. With this equation, it can be seen that the independent variable that has the most influence on the dependent variable on the time aspect is the independent variable X3, namely the change in the time schedule due to delays in the arrival of construction materials by 1.014, while in the cost aspect is the independent variable X6, namely changes in costs due to instability. the price of construction materials is 0.001. So, it is hoped that there will be a project management handling that focuses on the most influential variable, namely construction materials.

The Impact of Terrorism on Construction Industry in Iraq

2015 ◽  
Vol 3 (2) ◽  
pp. 69-84
Author(s):  
Wadhah Amer Hatem ◽  
Samiaah M. Hassen Al-Tmeemy
Keyword(s):  
Construction Industry ◽  
Construction Projects ◽  
Historical Data ◽  
Terrorist Attacks ◽  
Construction Sector ◽  
Statistical Procedures ◽  
Qualitative Approaches ◽  
Suicide Attacks ◽  
The Face ◽  
The Impact

     Suicide attacks, bombings, explosions became the part of daily life in Iraq. Consequently, the threat of terrorism put the Iraqi construction sector in the face of unique and unusual challenges that not seen on other countries. These challenges can have extensive impact on construction projects. This paper seeks to examine the impact of the terrorist attacks on construction industry and determine the extent to which the impact of terrorism on construction projects in terms of cost, schedule, and quality. This study adapted quantitative and qualitative approaches to collect data using questionnaire survey and interviews, as well as historical data. The study focused on projects that have been the target of terrorist strikes in Diyala governorate. A variety of statistical procedures were employed in data analysis. The results revealed the extent to which terrorist attacks impact construction projects in terms of cost, time, and quality. The results of this study will enhance the awareness of all construction parties to the impact of the terrorist attacks against construction projects. Eventually, this can develop a risk management assessment and assist contractors to properly protect projects and buildings to minimize injuries and fatalities in the event of terrorism.

scholarly journals Impact of Migrant Workers on Total Factor Productivity in Chinese Construction Industry

2019 ◽  
Vol 11 (3) ◽  
pp. 926 ◽  
Author(s):  
Gui Ye ◽  
Yuhe Wang ◽  
Yuxin Zhang ◽  
Liming Wang ◽  
Houli Xie ◽  
...  
Keyword(s):  
Construction Industry ◽  
Total Factor Productivity ◽  
Migrant Workers ◽  
Annual Report ◽  
Learning By Doing ◽  
Construction Sector ◽  
Factor Productivity ◽  
The Sustainable Development ◽  
Statistical Yearbook ◽  
The Impact

Total factor productivity (TFP) is of critical importance to the sustainable development of construction industry. This paper presents an analysis on the impact of migrant workers on TFP in Chinese construction sector. Interestingly, Solow Residual Approach is applied to conduct the analysis through comparing two scenarios, namely the scenario without considering migrant workers (Scenario A) and the scenario with including migrant workers (Scenario B). The data are collected from the China Statistical Yearbook on Construction and Chinese Annual Report on Migrant Workers for the period of 2008–2015. The results indicate that migrant workers have a significant impact on TFP, during the surveyed period they improved TFP by 10.42% in total and promoted the annual average TFP growth by 0.96%. Hence, it can be seen that the impact of migrant workers on TFP is very significant, whilst the main reason for such impact is believed to be the improvement of migrant workers’ quality obtained mainly throughout learning by doing.

scholarly journals Financial Institutions’ Risk Profile and Contribution to the Sustainable Development Goals

2021 ◽  
Vol 13 (14) ◽  
pp. 7738
Author(s):  
Nicolás Gambetta ◽  
Fernando Azcárate-Llanes ◽  
Laura Sierra-García ◽  
María Antonia García-Benau
Keyword(s):  
Sustainable Development ◽  
Financial Institutions ◽  
Sustainable Development Goals ◽  
Sustainability Reporting ◽  
Risk Profile ◽  
The Sustainable Development ◽  
Corporate Reporting ◽  
2030 Agenda ◽  
Development Goals ◽  
The Impact

This study analyses the impact of Spanish financial institutions’ risk profile on their contribution to the 2030 Agenda. Financial institutions play a significant role in ensuring financial inclusion and sustainable economic growth and usually incorporate environmental and social considerations into their risk management systems. The results show that financial institutions with less capital risk, with lower management efficiency and with higher market risk usually make higher contributions to the Sustainable Development Goals (SDGs), according to their sustainability reports. The novel aspect of the present study is that it identifies the risk profile of financial institutions that incorporate sustainability into their business operations and measure the impact generated in the environment and in society. The study findings have important implications for shareholders, investors and analysts, according to the view that sustainability reporting is a vehicle that financial institutions use to express their commitment to the 2030 Agenda and to higher quality corporate reporting.

scholarly journals Risk analysis and strategic planning on bridge construction works at the toll road procurement projects in Central Java Province

2018 ◽  
Vol 49 ◽  
pp. 02020
Author(s):  
Hery Suliantoro ◽  
Nurul Fitriani ◽  
Bagus Hario Setiadji
Keyword(s):  
Avoidance Response ◽  
Construction Projects ◽  
Construction Project ◽  
Weather Forecast ◽  
Development Project ◽  
Response Strategy ◽  
Bridge Construction ◽  
Risk Response ◽  
Toll Road ◽  
The Impact

Risk is a condition caused by uncertainty. Risks will occur on any construction project, including bridge construction projects. Efforts that can be taken to minimize the impact of these risks are to engage in risk management activities. This research was conducted on bridge construction work on toll road procurement project in Pejagan-Pemalang, Pemalang-Batang and Salatiga-Kertasura. The purpose of this research is to analyze the risk of bridge development project in toll road project using Risk Breakdown Structure (RBS) method and then the result as database in discussing risk response strategy. The bridge construction project has 36 risks that are divided into six groups: materials and equipment, design, human resources, finance, management, nature and environmental conditions. Bad weather risks are the higest risk and seasonal risk causing temporary work stoppages. This risk-response strategy is avoidance. Short-term avoidance response strategy is to add shift workers, install tents and add additives in the acceleration of the process of maturation of concrete. The long-term avoidance response strategy is to evaluate and rearrange the work schedule by considering the weather forecast report.

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