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...

Previous research studies investigating the impact of situational variables on project planning effectiveness have not examined how the situational variables work together to influence planning effectiveness. A structural equation model (SEM) has been developed for describing and quantifying the...

A new conceptual construction cost estimating method, namely, Principal Item Ratios Estimating Method (PIREM), is presented. The proposed PIREM integrates several existing conceptual estimating methods (including parametric estimating, ratios estimating, and cost significant model) with advanced...

There is a divergence of research opinion as to the efficacy of detailed front end construction planning (first planning) and its use for strategic or tactical purposes. What really happens in planning construction projects is considered by focusing on comparing the responses of key stakeholders...

Negative impacts of construction works on local traffic, environment and business have been pointed out by previous researchers. However, little work has been conductd on the quantification of such costs. A time-dependent construction social costs (COSCO) model is developed for quantifying the...

A method is presented for allocating resources to construction activities and for scheduling construction projects under resource constraints by considering the effects that such resource limitations may have on the tendency of the activities (and the project in general) to fall into disarray...

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...

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....

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...

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...