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Evaluating the critical success criteria for prefabricated prefinished volumetric construction projects
- Source :
- Journal of Financial Management of Property and Construction. 26:279-297
- Publication Year :
- 2021
- Publisher :
- Emerald, 2021.
-
Abstract
- Purpose Prefabricated prefinished volumetric construction (PPVC) is a game-changing construction method that transforms the fragmented site-based construction of buildings into an integrated production, integration and assembly of value-added volumetric building components. Where circumstances merit, the effective implementation of PPVC leverages significant gains in time, cost, quality, productivity and sustainability performance of construction projects. As PPVC is increasingly becoming mainstream, it is imperative to identify the critical success criteria (CSC) for measuring PPVC project success. The purpose of this study is to identify, rank and benchmark the CSC for measuring PPVC project success. Design/methodology/approach This study adopted a quantitative research design where the potential CSC for PPVC projects were evaluated. A comprehensive literature and pilot expert review identified 18 CSC for measuring PPVC project success. Based on a questionnaire survey of international PPVC experts, the 18 CSC were analyzed and prioritized using mean score analysis and weighting function. Findings Based on mean index assessment, the top five CSC for PPVC projects were identified as adherence to project schedules, meeting project quality specification, meeting safety requirements, client and owner satisfaction and cost savings and profitability. Further analysis grouped the 18 CSC into six principal success criteria (PSC), comprising time performance, cost performance, quality performance, environmental and safety performance, stakeholder satisfaction and supply chain performance. Based on weighted analysis of the six PSCs, quality performance, time performance and environmental and safety performance obtained the highest weights. Research limitations/implications The research results are limited by the following limitations. First, although adequate, the sample size was relatively smaller. Second, the generalized analysis overlooked the geospatial sensitivities of the CSC. Originality/value The results constitute the first exclusive quantitative ranking and prioritization of the CSC for PPVC projects. The outputs of this study will enable practitioners to reliably and accurately evaluate the performance levels of PPVC projects. A framework of the CSC for measuring the success of PPVC projects was developed.
- Subjects :
- Economics and Econometrics
Process management
Geospatial analysis
Computer science
Supply chain
media_common.quotation_subject
0211 other engineering and technologies
020101 civil engineering
02 engineering and technology
computer.software_genre
0201 civil engineering
Ranking
Accounting
Benchmark (surveying)
021105 building & construction
Critical success factor
Quality (business)
Profitability index
Performance indicator
Business and International Management
computer
Finance
media_common
Subjects
Details
- ISSN :
- 13664387
- Volume :
- 26
- Database :
- OpenAIRE
- Journal :
- Journal of Financial Management of Property and Construction
- Accession number :
- edsair.doi...........982a4168929db7838fdd9a6bbf3ae62a
- Full Text :
- https://doi.org/10.1108/jfmpc-03-2020-0013