scholarly journals Research for Risk Management of Construction Projects in Taiwan

2021 ◽  
Vol 13 (4) ◽  
pp. 2034
Author(s):  
Chien-Liang Lin ◽  
Bey-Kun Chen
Keyword(s):  
Risk Management ◽  
Risk Analysis ◽  
Structural Equation ◽  
Construction Projects ◽  
Construction Project ◽  
Equation Modeling ◽  
Analysis Model ◽  
Sustainable Operation ◽  
Management Procedure ◽  
Risk Managers

Risks inevitably exist in all stages of a project. In a construction project, which is highly dynamic and complex, risk factors affect the expected achievement rates of the three main performance goals, namely schedule, cost, and quality. A comprehensive risk management procedure requires three crucial steps: risk confirmation, analysis, and treatment. Risk analysis is the core of risk management. Through structural equation modeling, this study developed a risk analysis model that takes a different perspective and considered the occurrence probability of risk events and the extent to which these events affect a project. The contractor dimension was discovered to exert the strongest influence on an overall project, followed by the subcontractor and design dimensions. This paper proposes a novel construction project risk analysis model, which considers the entire project. The proposed model can be used as a reference for risk managers to make decisions about project risks, so as to achieve the ultimate goal of saving resources and the sustainable operation of the construction project.

Contractual Complexity in Construction Projects

2018 ◽  
Vol 49 (3) ◽  
pp. 46-61 ◽  
Author(s):  
Wenqian Wang ◽  
Yongqiang Chen ◽  
Shuibo Zhang ◽  
Yu Wang
Keyword(s):  
Structural Equation Modeling ◽  
Scale Development ◽  
Structural Equation ◽  
Construction Projects ◽  
Construction Project ◽  
Three Dimensional ◽  
Modeling Technique ◽  
Equation Modeling ◽  
Empirical Testing ◽  
Item Scale

Building on the multifunctional perspective from current contract theory, we conceptualize contractual complexity as a three-dimensional construct to depict the explicitness and elaborateness of control, coordination, and adaptation provisions in a construction project contract. A 13-item scale with construction project features is developed for measuring the different aspects of contractual complexity following rigorous scale development procedures. Using the structural equation modeling technique, empirical testing results demonstrate that all of the three components contribute significantly to contractual complexity. Further analysis indicated that treating contractual complexity in the three-functional way outperforms the unidimensional one regarding power to explain satisfaction and strong-form opportunism.

A MEASUREMENT INSTRUMENT FOR THE TECHNOLOGY EXTENT AND PROCESS EFFICIENCY IN BIM ENABLED CONSTRUCTION PROJECTS

2019 ◽  
Vol 6 (1) ◽  
Author(s):  
Gozde Basak Ozturk
Keyword(s):  
Technology Use ◽  
Structural Equation ◽  
Construction Projects ◽  
Construction Project ◽  
Measurement Instrument ◽  
Information Modeling ◽  
Process Efficiency ◽  
Equation Modeling ◽  
Related Data ◽  
Building Information

Technology use in all fields can play an important role as the booster in creating lean and efficient processes. Technology use may result in reduced duplications and delays in workflows while helping to speed up task realization. Building Information Modeling (BIM) enhances knowledge share, use and reuse for better collaboration, communication, coordination, and monitoring as a knowledge base platform. BIM enhanced construction projects may positively affect the process efficiency. The aim of this paper is to define a measurement instrument of BIM usage as technology enhancer tool and of process efficiency of construction projects. Research leans on the prominent literature to concrete the measurement instrument. A survey is established to construction project professionals to understand the technology efficiency and process efficiency in BIM enabled construction projects. The research based on the related data collected from 92 professionals experienced both in traditional project delivery methods and BIM enabled construction projects. The respondents are the construction industry experts comprised of construction project managers, BIM managers, and BIM implementation experts (architects, civil engineers, mechanical engineers, electrical engineers etc.). Data is analyzed and tested with structural equation modeling software to verify the proposed measurement instrument. The technology efficiency and process efficiency factors for BIM enabled construction projects are tested and refined. Research findings present the measurement instrument for both technology and process efficiency in BIM enabled construction projects.

scholarly journals Critical Success Factors in Developing Collaborative Design-Build Project Team to Improve Project Performance

2018 ◽  
Vol 159 ◽  
pp. 01025 ◽  
Author(s):  
Afrizal Nursin ◽  
Yusuf Latief ◽  
Ibrahim
Keyword(s):  
Collaborative Design ◽  
Structural Equation ◽  
Construction Projects ◽  
Critical Success Factors ◽  
Success Factors ◽  
Construction Project ◽  
Project Performance ◽  
Project Team ◽  
Equation Modeling ◽  
Critical Success

To complete a construction project, it takes the cooperation and collaboration of stakeholder involved in construction projects to obtain optimum project performance. Problems that frequently occur in construction projects is the lack of cooperation, lack of trust, ineffective communication, lack of visualization of the planned buildings and different relationships between stakeholders that project performance is not optimal. To overcome these problems need to develop a model of collaboration between stakeholders in a construction project. The purpose of this research is to identify the critical success factors of the collaboration of design and build construction project team so that can understand the influence of collaboration model to collaboration performance with the geographic, professional, stakeholder, and ethnic cultural boundary spanners in design and build construction project in Indonesia. This research uses factor analysis and variable relation with Structural Equation Modeling (SEM) method. The results found that geographical and ethical boundaries are influencing collaborative performance significantly.

A COMPARATIVE STUDY BETWEEN CHINA AND USA ON THE INFLUENCING PATH OF TRANSACTION COSTS IN CONSTRUCTION PROJECTS

2016 ◽  
Vol 3 (1) ◽  
Author(s):  
Huimin Li ◽  
Chengyi Zhang
Keyword(s):  
Project Management ◽  
Transaction Costs ◽  
Structural Equation ◽  
Construction Projects ◽  
Construction Project ◽  
Production Costs ◽  
Equation Modeling ◽  
The Core ◽  
Management Efficiency ◽  
Core Construct

The actual cost of a construction project is composed of not only production costs, but also transaction costs. The presented model includes the uncertainty of the owner’s behavior, the uncertainty of the contractor’s behavior, the uncertainty in the transaction environment and mechanism, and project management efficiency, to illustrate the influence path of the transaction costs borne by the owner. The model is tested by the structural equation modeling (SEM) using the data collected from construction project owners. The finding indicate that uncertainty in the transaction environment and mechanism appears to be the core construct of the model due to its strong linkages with transaction costs and the owner’s behavior, the contractor’s behavior, and project management efficiency. The uncertainty of the contractor’s behavior is also found to affect project management efficiency positively. A certainty behavior on the part of the owner reduces the uncertainty in the transaction environment and mechanism, increases the efficiency of project management, and reduces the transaction costs of construction project.

scholarly journals A Pre-Test via Partial Least Square Structural Equation Modeling with the Influence of Organisational Structures and Organisational Internal Factors on Construction Risk Management Among Malaysian Construction Industries

2019 ◽  
Vol 8 (6S4) ◽  
pp. 402-406
Keyword(s):  
Risk Management ◽  
Pilot Study ◽  
Structural Equation ◽  
Construction Projects ◽  
Measurement Model ◽  
Partial Least Square ◽  
Least Square ◽  
Equation Modeling ◽  
Internal Factors ◽  
Construction Risk

An increased demand has been placed on construction projects to be more accountable to their clients with measure to the company services and outputs. This demand is because of innumerable antecedent factors repelling risk management in construction projects. However, finishing the projects is not only the concern of the industries but also managing the risks involved with the projects. This paper investigated the effects of organizational structure and internal factors on the risk management among G7 contractors in Malaysia. The purpose of this study is threefold: (i) to propose an inclusive research model which comprises of the antecedent factors proposed in the model to improve effective risk management in Malaysia construction industries (ii) to serve as a validation process for the developed instrument of the on-going research with the identified constructs of the study (iii) to show the preliminary analysis and the results. A pilot study was conducted, data was collected and a total of thirty (30) respondents’ responses were analysed using a questionnaire of eighty-one items. This was conducted to access and validate how reliable the analytical tools (i.e PLS-SEM model) used in the survey were. The results obtained indicated that the reliability of the measurement model and the ensuing data for pilot study suggested a veritable evidence of their validity.

scholarly journals Risk Assessment of Ex-Post Transaction Cost in Construction Projects Using Structural Equation Modeling

2018 ◽  
Vol 10 (11) ◽  
pp. 4017 ◽  
Author(s):  
Zaigham Ali ◽  
Fangwei Zhu ◽  
Shahid Hussain
Keyword(s):  
Structural Equation Modeling ◽  
Life Cycle ◽  
Transaction Cost ◽  
Life Cycle Cost ◽  
Structural Equation ◽  
Construction Projects ◽  
Structural Model ◽  
Equation Modeling ◽  
Ex Post ◽  
Industry Professionals

The transaction cost (TC) escalation is the pervasive problem in the construction industry, which is continuously a threat to maintaining the life cycle cost of projects. Researchers have described the reality of risk for economic transactions. This study has taken the risk as a phenomenon to explore its influence on ex-post TC in construction projects. A questionnaire survey was undertaken from industry professionals to assess the risk of ex-post TC escalation in public-sector construction projects. In total, 475 surveys were conducted in Pakistan and used in the analysis. The data were analyzed using structural equation modeling (SEM) and the measurement and structural model was validated to determine the influence of risk on ex-post TC. The final SEM results show that internal and external risk, including sub hypothesized risks, positively influence TC. The weight of relative importance shows technical risk (23.82%) and environmental risk (22.88%) as significant sub-contributors from internal and external sources, respectively. This study recommends substantial investment in human capacity development to reduce the deficiencies in the ex-ante phase of the projects that help to reduce the risk of ex-post TC escalation. It also suggests the adoption of strict policies on contingency claims, and recommends nontraditional ways of monitoring to overcome the risk of ex-post TC. This study’s results provide valuable information for industry professionals and practitioners to maintain life cycle costs as a contribution to sustainable construction.

scholarly journals Causes of government construction projects’ abandonment

2021 ◽  
pp. 179-190 ◽  
Author(s):  
Isaac Sakyi Damoah ◽  
Anthony Ayakwa ◽  
Desmond Kwadjo Kumi
Keyword(s):  
Structural Equation ◽  
Construction Projects ◽  
Construction Project ◽  
Political Leadership ◽  
Sequential Data ◽  
Structured Interviews ◽  
Leadership Culture ◽  
Questionnaire Surveys ◽  
External Forces ◽  
Government Construction

Government construction projects are vital to the economic development of developing countries. However, although most of these projects suffer from abandonment, little evidence exists concerning the causes that account for this setback. This paper investigates the causes of government construction project abandonment in Ghana. We used a sequential data collection approach, in-depth semi-structured interviews, and questionnaire surveys to solicit the views of project management practitioners, contractors, and clients associated with Ghana government construction project implementation. Using factor analysis and structural equation modelling, we find that Ghanaian government construction project abandonment is influenced by five sets of causes: political leadership, culture, external forces, resources (including funding) and administrative/institutional bottlenecks. Three of these sets of causes – political leadership, cultural and external forces, are the primary causes, while resources (including funding) and administrative/institutional causes are secondary causes.

scholarly journals ASSESSING THE FACTORS CAUSING PROJECT COMPLETION DELAYS IN THE CONSTRUCTION SECTOR OF OMAN USING SEM-PLS

2020 ◽  
Vol 8 (3) ◽  
pp. 900-912 ◽  
Author(s):  
Iman Suleiman Al Maktoumi ◽  
Firdouse Rahman Khan ◽  
Ahmed Rashid Suwied Al Maktoumi
Keyword(s):  
Structural Equation ◽  
Construction Projects ◽  
Goodness Of Fit ◽  
Raw Materials ◽  
Equation Modeling ◽  
Related Factors ◽  
Formative Measurement ◽  
Project Completion ◽  
Measurement Models ◽  
Process Allocation

Purpose: The objectives of the study were to investigate the causes of the delays to analyze the factors causing the construction delay in Oman and to investigate the effects of such delays. Design/methodology/approach: To carry out this study 210 samples were collected through a well-defined questionnaire from the construction stakeholders viz. the consultants, contractors, and the clients who were selected on a random sampling basis. Smart PLS for Structural Equation Modeling (SEM) technique was used to analyze the data to obtain the formative measurement models, the structured model, and the goodness of fit. Findings: The results of the study reveal that the client-related factors, equipment-related factors, and material related factors have a significant impact on the completion delay in construction projects. The findings of the study also revealed that the Client related factors were – Delay in providing services, Delayed decision-making process, Allocation of insufficient time. Equipment related factors were – Existing low productive equipment, Unskillful Equipment operator, Breakdown of equipment and Outdated equipment; Material related factors were – Delay in supply of raw materials, Non-availability of materials, Change of materials during construction, Non-availability of accessories and Damaged materials. Research limitations/Implications: The present study covers the stakeholders of the construction projects from selected regions only. The future studies can be extended to other projects and other regions as well. Social implications: The study suggested that the clients’ cooperation especially in providing the contractors with the necessary equipment, facilities, and sufficient time will avoid such delays of the construction projects in Oman. Originality/Value: Only very few have examined the completion delay of the construction projects in Oman using SEM-PLS and it is a first-hand study of its kind and the results will be useful to the stakeholders.

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