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Interrelationships among Critical Success Factors of Construction Projects Based on the Structural Equation Model.
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- Author(s): Yong Qiang Chen; Yang Bing Zhang; Jun Ying Liu; Peng Mo
- Source:
Journal of Management in Engineering; Jul2012, Vol. 28 Issue 3, p243-251, 9p, 5 Diagrams, 5 Charts- Subject Terms:
- Source:
- Additional Information
- Abstract: Clearly identifying the critical success factors (CSFs) of construction projects and a good understanding of the interrelationships among CSFs will help project managers focus on the control of key factors and allow them to make reasonable resource allocations. To explore the interrelationships among CSFs, this research established a CSFs system by first identifying 62 CSFs of construction projects through a literature review, and then refining them to produce 46 CSFs by expert discussions. On the basis of the CSFs system, which consisted of three categories and ten subcategories, this study applied the structural equation model (SEM) to explore the interrelationships among the CSFs. One hundred twenty-four project data that were collected from a questionnaire survey were used to determine the hypothetical model. A detailed evaluation and modification was then performed to revise the model. On the basis of the revised model, which was verified through evaluating the goodness-of-fit (GOF) indexes, this paper makes a thorough discussion of the interrelationships among the CSFs. Interrelationships that were identified and verified in the model reveal the influence mechanism among these CSFs. For example, the factor "riot, revolution, and war" negatively influences the factor "price fluctuation of labor," whereas the factor "price fluctuation of labor" negatively influences the factor "time expectation." Therefore, "riot, revolution, and war" can positively influence "time expectation." This indicates that if an owner's time expectation is a determinant of the time performance of an emergency project, maintaining a stable political environment would be a critical control point for accomplishing the project. Thus, the interrelationships discovered in this paper will make it easier to take better control over CSFs and contribute to a project's success. [ABSTRACT FROM AUTHOR]
- Abstract: Copyright of Journal of Management in Engineering is the property of American Society of Civil Engineers and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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