Showing 1 - 10 of 44
Innovation is vital to successful, long-term company performance in the construction industry. Understanding the innovation process, how innovation can be enhanced and how it can be measured are key steps to managing and enhancing innovation. The factors that affect innovation on a project were...
Persistent link: https://www.econbiz.de/10009277642
The construction sector is facing widespread criticism of its low efficiency and poor performance. This has led to a rethink of contemporary project management (PM). However, current critical perspectives have failed to diagnose the practical problems existing in PM, and as a consequence, no...
Persistent link: https://www.econbiz.de/10004966590
Communication problems have emerged as one of the most significant contemporary challenges facing construction project managers in an increasingly international construction market. However, little research has investigated the impact of cross-cultural communication (CCC) on management systems...
Persistent link: https://www.econbiz.de/10004966595
Uncertainty contributes a major part in the accuracy of a decision-making process while its inconsistency is always difficult to be solved by existing decision-making tools. Entropy has been proved to be useful to evaluate the inconsistency of uncertainty among different respondents. The study...
Persistent link: https://www.econbiz.de/10004966602
Public-private partnerships (PPPs) are increasingly used in the United Kingdom's public facilities and services provision through the Private Finance Initiative (PFI). Despite some casualties, PPP/PFI projects have been undertaken successfully, but the reasons for success are not entirely clear....
Persistent link: https://www.econbiz.de/10005482464
The main purposes of this study are to incorporate both the project delay penalty and early completion bonus into the objective function of the resource-constrained multi-project scheduling problem with discounted cash flows (RCMPSP-DCF) and to develop an efficient heuristic search scheduling...
Persistent link: https://www.econbiz.de/10005482528
Construction projects involve numerous stakeholders, and their satisfaction could directly influence the performance of subsequent projects. Driven by a desire to improve project success, the critical satisfaction factors pertinent to the construction management process should be identified. In...
Persistent link: https://www.econbiz.de/10005482592
The build-operate-transfer (BOT) approach for developing infrastructure projects is a technique that allows fast realization of public works in cases of a shortage of public funds. This process is full of risks, due mainly to the complexity and extend of the disciplines, public agencies and...
Persistent link: https://www.econbiz.de/10005482636
An important consideration in cost risk analysis is the amount of correlation between different cost elements. If correlation is ignored, both the probability and magnitude of costs overruns could be significantly underestimated. The two major difficulties in implementing correlation addressed...
Persistent link: https://www.econbiz.de/10005141084
To maximize project value, managers of construction projects must recognize, plan for and strategically manage uncertainty. Current construction planning, estimating, and management practices regarding uncertainty can undervalue projects by failing to exploit opportunities to increase project...
Persistent link: https://www.econbiz.de/10005445626