Construction risk management among construction companies in Nigeria : moderated by government regulation

Substantial empirical studies have established that certain organizational internal and external factors do influence construction risk management of companies. Conjugated with the recent substantial attention on risk management in Nigeria, and the demand for Nigerian construction companies to implement risk management in order to tackle the challenges they are facing, studies on risk management in Nigerian construction companies are few. The objectives of this study are to assess the extent of construction risk management among construction companies operating in Abuja and Lagos state in Nigeria, and to examine the organizational internal and external factors influencing their risk management, moderated by government regulation. A proportionate stratified random sampling was used to select 338 construction companies obtained from Nigeria Galleria and Lagos State Government Tender Board database. A total of 238 completed and valid questionnaires were returned, yielding a 72 percent response rate. Descriptive statistics, the 5-point Likert scale rendition and PMBOK’s risk management category were used to achieve the first research objective. The extent of risk management among Nigerian construction companies was found to be at a moderate level. Drawing upon organisational control theory, this study also examined the role of government regulation on the relationship between organizational factors and construction risk management. Furthermore, the moderating effects of government regulation revealed a negative relationship between organizational internal factors and construction risk management, while government regulation moderated a positive relationship between organizational external factors and construction risk management. Likewise, all the hypotheses on the direct relationship between organizational factors and construction risk management were supported. In summary, the findings in this research demonstrate that government regulation can enhance risk management among construction companies operating in Nigeria. To enhance risk management among construction companies, project managers should give considerable attention to the organizational factors found to be influencing their risk management

Supporting the delivery of Information Management and BIM in Ireland: Learnings from Selected International Regions

The Executive Summary introduction the report recommendations for Build Digital with respect to information management and the use of BIM as a critical vehicle of innovation to unlock improved project outcomes in construction

Status and Barriers Impeding Utilization of Project Management Tools: Epidemic for Tripartite Construction Parties in Malaysia

Project management tools have been widely used in construction project life cycles to monitor progress, evaluate payments/claims, and manage construction works worldwide. Despite their capability in helping project managers to achieve specific objectives within time, budget, and standards, not every construction organization in Malaysia would fully utilize these tools due to several challenges. As numerous studies substantiate the importance and of project management tools, lackluster adoption rates have led to productivity problems, project delays, and maturity problems at both project and enterprise levels in the construction industry. This study investigates the level of implementation and addresses the significant barriers that impede the utilization of project management tools. A survey was administered to well-known construction companies in Malaysia. This study revealed that the implementation level was discouragingly low, and the top 5 barriers were: (1) financial considerations, (2) restrictions on human capital, (3) high annual turnover, (4) lack of technology awareness, and (5) organizational culture. These findings suggest that the Malaysian construction industry should: overhaul financial and human resource limitations, increase assistance for users, and boost the partial implementation of basic techniques of project management to the maximum extent possible. The practitioners can understand the dynamics and causes of predicaments to the full implementation of project management tools in their respective companies. As for academicians, these findings help theoretical development and literature arguments on our current construction industry as a whole and optimistically help finds ways to make the Malaysian construction industry more efficient.   Keywords: barriers, project management tools, Malaysian construction industr

Impact of Oil and Gas Internal Risk Factors on Project Success: Moderating role of Government Support

Organisational internal risk factors, which include management, material, finance, and design risk factors, affect oil and gas construction projects' success in emerging nations, in which Malaysia is no exception. The purpose of this study is to examine the effect of these internal risk factors and government support on oil and gas projects among sixty-one (61) employees of oil and gas firms using a questionnaire survey. The data collected were analysed using structural equation modelling (SEM) techniques. The results revealed that all the exogenous variables (design risk, management risk, financial risk and material risk factors and government support) significantly impact project success. According to the findings, all exogenous variables (design risk, management risk, financial risk, material risk factors, and government support) have substantial effects on project success. The study developed an all-inclusive framework that can assist stakeholders in the industry in mitigating internal risk factors in ensuring the success of projects. Policy implications and future study paths are considered

Validating the Effects of Organizational Internal Factors and Technology Orientation on Environmental Sustainability Performance of Malaysian Construction Firms

The essence of emphasizing the importance of environmental sustainability among construction firms is to lessen the effects of construction activities or projects on the environment and make the construction activities more sustainably economically and friendly to the environment. This significant deliberation has stimulated various research interests by construction firms, owing to the damaging effects of construction activities such as various forms of environmental pollution, resource depletion, and biodiversity loss on a global scale. Using the Partial Least Squares- Structural Equation Modeling (PLS-SEM) approach, this study validates the environmental sustainability performance (ESP) as a construct from the perspectives of 186 construction firms within Peninsular Malaysia. An online cross-sectional survey was conducted where data was gathered from G7 construction firms through a well-structured questionnaire. Findings from this study revealed that organizational internal factors (Managerial attitudes, social responsibility, and company culture), and technology orientation have significant effects on the environmental sustainability performance (ESP) of Malaysian construction firms

Industrial Revolution 4.0 can help boost construction industry

While the coronavirus has coused a setback to the world's economy as nations are forced into lockdown, it is different for the construction industry where workers are expected to work on site either to perform or oversee ongoing projects

An empirical analysis of organizational external factors on construction risk management

Over the past years, construction risk management in projects execution is always associated with uncertainties because certain risk factors such as poor labour productivity, shortage of equipment, delay, cost overrun, time overrun are attributed to project delivery. These risk factors have been generating many research interests among the construction stakeholders and the policymakers, necessitating this present study. In addressing this issue, this study utilized Partial Least Squares- Structural Equation Modeling method to validate construction risk management (CRM) as a construct from the viewpoints of multi-national, local and national construction companies in Nigeria. Through a cross-sectional survey, data were collected from the construction companies with the use of a structured questionnaire. It was discovered that technology, political and economic factor have a significant influence on construction risk management (CRM) among the Nigerian construction companies. A substantial degree of convergent validity, discriminant validity and internal consistency reliability were also affirmed for each of these research constructs. It was also discovered that the indicators of organisational external factors dimensions (technology, political and economic factor) are important in evaluating these constructs for further exploration of the construction companies to enhance risk management practice in all stages of the project activities