CONSTRUCTION STAKEHOLDERS’ PERSPECTIVE ON EXTERNAL RELATED RISK FACTORS INFLUENCING CONSTRUCTION PROJECT PERFORMANCE
Main Article Content
Keywords
Construction project, cost overrun, project performance, risk management socio-political risk.
Abstract
Abstract
The construction industry is extremely complex, with dynamic project environments creating an atmosphere of high uncertainty and risk. For that reason, risks in construction project have become an inevitable feature and the industry is susceptible to numerous business, socio-political and technical risks that negatively influence project delivery. This study therefore investigated the causes of risks in construction project delivery and the effect on project and organisational performance so that efficient control measures can be designed to minimise its occurrence. A quantitative research design was adopted, and the sample comprised of randomly selected contracting firms and construction professionals in the Western Cape Province. The data was statistically analysed using descriptive and inferential analyses.
The salient findings revealed that socio-political-related risk factors are the major causes of risks during construction project delivery, these factors include labour strikes and disputes due to union issues, excessive influence by government on court proceedings regarding construction project disputes, and constraints on the availability and employment of expatriate staff. In addition, the study revealed the impact of construction risks on projects and organisational performance, and it was found that cost overrun was ranked the most significant on project performance and disputes between parties to the contract was ranked the most significant on organisational performance. It is also worth mentioning that the opinions of construction professionals do not vary significantly with regard to the detrimental effect of risks on project performance.
Key words: Construction project, cost overrun, project performance, risk management socio-political risk.
Article Metrics Graph
Article Sidebar
Article Details
The Journal of Construction Project Management and Innovation (JCPMI) is committed to the principles of Open Access publishing and upholds the ethos of freely disseminating research findings to enhance knowledge and understanding within the field of construction project management and innovation.
In accordance with our commitment to open scholarly communication, all articles published by JCPMI are licensed under the Creative Commons Attribution-NonCommercial 4.0 International License (CC BY-NC). This licensing agreement allows others to distribute, remix, adapt, and build upon the work non-commercially, as long as the original author and source are credited. The license also ensures that authors retain copyright over their work while allowing the wider community to access, use, and build upon the content.
The terms of the CC BY-NC license are designed to facilitate the following:
- Attribution: Users must give appropriate credit, provide a link to the license, and indicate if changes were made. This can be done in any reasonable manner, but not in any way that suggests the licensor endorses the user or their use.
- Non-Commercial: Users may not use the material for commercial purposes.
- No Additional Restrictions: Users may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.
By publishing with JCPMI, authors agree to these terms and ensure that their work is accessible and reusable under the conditions of the CC BY-NC license, thereby contributing to the ongoing exchange of knowledge and information in an Open Access environment.
Creative Commons CC Attribution-NonCommercial 4.0 International Public License