Prioritizing cost management system considerations for Nigerian housing projects

4.00
Hdl Handle:
http://hdl.handle.net/2436/620598
Title:
Prioritizing cost management system considerations for Nigerian housing projects
Authors:
Obi, Lovelin Ifeoma; Arif, Mohammed ( 0000-0002-3769-3838 ) ; Kulonda, Dennis J.
Abstract:
Purpose- This study develops a success factor model to understand and facilitate improved cost management system (CMS) implementation in Low-cost housing (LcH) project delivery in Nigeria. Design/methodology/approach- Literature findings highlight thirteen drivers’ affecting effective implementation within the CMS and employs series of brainstorming sessions and questionnaire survey to validate the drivers’. Factor analysis (FA) identifies possible contextual relationships among the validated drivers’ and groups them into three success factors. The results of the FA are refined employing interpretive structural modelling (ISM). The ISM identifies and models the influential drivers’ and aids the development of the success factor model. Findings- Effective team qualities, information and management actions and a stable operational environment are the three essential success factors for effective CMS implementation. Practical implications- The paper highlights effective team qualities as the most important CMS considerations for Nigerian LcH project delivery. This finding creates the needed awareness to guide project sponsors and project managers in the appropriate selection of Project Management Team (PMT) as well procurement system that facilitates their collaboration. Originality/value- This study is a novel research using FA and ISM to investigate the influence of success factors needful for effective implementation within the CMS. It further develops a hierarchy model that aids the PMT with the better understanding of the drivers’ and factors interrelationships for use on LcH projects within the Nigerian context.
Citation:
Prioritizing cost management system considerations for Nigerian housing projects 2017, 22 (2):135 Journal of Financial Management of Property and Construction
Publisher:
Emerald
Journal:
Journal of Financial Management of Property and Construction
Issue Date:
7-Aug-2017
URI:
http://hdl.handle.net/2436/620598
DOI:
10.1108/JFMPC-06-2016-0025
Additional Links:
http://www.emeraldinsight.com/doi/10.1108/JFMPC-06-2016-0025
Type:
Article
Language:
en
ISSN:
1366-4387
Appears in Collections:
FSE

Full metadata record

DC FieldValue Language
dc.contributor.authorObi, Lovelin Ifeomaen
dc.contributor.authorArif, Mohammeden
dc.contributor.authorKulonda, Dennis J.en
dc.date.accessioned2017-08-16T11:18:37Z-
dc.date.available2017-08-16T11:18:37Z-
dc.date.issued2017-08-07-
dc.identifier.citationPrioritizing cost management system considerations for Nigerian housing projects 2017, 22 (2):135 Journal of Financial Management of Property and Constructionen
dc.identifier.issn1366-4387en
dc.identifier.doi10.1108/JFMPC-06-2016-0025-
dc.identifier.urihttp://hdl.handle.net/2436/620598-
dc.description.abstractPurpose- This study develops a success factor model to understand and facilitate improved cost management system (CMS) implementation in Low-cost housing (LcH) project delivery in Nigeria. Design/methodology/approach- Literature findings highlight thirteen drivers’ affecting effective implementation within the CMS and employs series of brainstorming sessions and questionnaire survey to validate the drivers’. Factor analysis (FA) identifies possible contextual relationships among the validated drivers’ and groups them into three success factors. The results of the FA are refined employing interpretive structural modelling (ISM). The ISM identifies and models the influential drivers’ and aids the development of the success factor model. Findings- Effective team qualities, information and management actions and a stable operational environment are the three essential success factors for effective CMS implementation. Practical implications- The paper highlights effective team qualities as the most important CMS considerations for Nigerian LcH project delivery. This finding creates the needed awareness to guide project sponsors and project managers in the appropriate selection of Project Management Team (PMT) as well procurement system that facilitates their collaboration. Originality/value- This study is a novel research using FA and ISM to investigate the influence of success factors needful for effective implementation within the CMS. It further develops a hierarchy model that aids the PMT with the better understanding of the drivers’ and factors interrelationships for use on LcH projects within the Nigerian context.en
dc.language.isoenen
dc.publisherEmeralden
dc.relation.urlhttp://www.emeraldinsight.com/doi/10.1108/JFMPC-06-2016-0025en
dc.rightsArchived with thanks to Journal of Financial Management of Property and Constructionen
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.subjectCost management systemen
dc.subjectFactor Analysisen
dc.subjectInterpretive structural modelling,en
dc.subjectLow-cost housing projecten
dc.subjectSuccess factoren
dc.titlePrioritizing cost management system considerations for Nigerian housing projectsen
dc.typeArticleen
dc.identifier.journalJournal of Financial Management of Property and Constructionen
dc.contributor.institutionThe School of the Built Environment, University of Salford, Salford, UK-
dc.contributor.institutionThe School of the Built Environment, University of Salford, Salford, UK-
dc.contributor.institutionSchool of Business and Technology Management, Northcentral University, Prescott Valley, Arizona, USA-
dc.date.accepted2016-10-
rioxxterms.funderInternalen
rioxxterms.identifier.projectUoW160817MAen
rioxxterms.versionAMen
rioxxterms.licenseref.urihttps://creativecommons.org/CC BY-NC-ND 4.0en
rioxxterms.licenseref.startdate2018-08-01en
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