ARTÍCULO
TITULO

Critical success factors influencing performance outcome of joint venture construction projects in South Africa: Comparison of first and second order models

Marie Francoise Bekale Mba    
Justus Ngala Agumba    

Resumen

Joint ventures (JVs) have become increasingly common, because of the complexity and challenges associated with the delivery of construction projects globally and in South Africa. However, it has been established that JV projects have experienced unsatisfactory performance leading to clients? dissatisfaction. The purpose of this paper is therefore to determine the critical success factors (CSFs) influencing the performance of JV construction projects in South Africa. A positivist philosophy position was adopted using a structured questionnaire survey administered to the construction professionals. Prior to the main study, a content validity of the questionnaire was achieved using a pilot study. The data was collected from 115 conveniently sampled respondents, and analysed using principal component analysis and multiple regression analysis. The exploratory factor analysis revealed two empirical models to be tested; namely the first and second order factor models. The result of the first order model revealed that, management control influenced achievement of project objective of JV, whereas, the second order model established that understanding of contractual agreement, which was explained by six components of CSFs influenced achievement of project objective. It is suggested that stakeholders who prefer to be involved in JV projects should acquire good understanding of the contractual agreement in managing JV projects in order to successfully achieve the project objectives. This study adds to the discourse and literature on CSFs of JVs. It provides new empirical evidence of the CSFs that influence project performance outcome of JV in the context of South Africa which can also be replicated in other countries globally. However, the study may not be generalised because of the geographical setting and respondents.

 Artículos similares

       
 
Farid Saemi and Moble Benedict    
Minimizing electric losses is critical to the success of battery-powered small unmanned aerial systems (SUASs) that weigh less than 25 kgf (55 lb). Losses increase energy and battery weight requirements which hinder the vehicle?s range and endurance. How... ver más
Revista: Aerospace

 
Ahsan Waqar, Krzysztof Skrzypkowski, Hamad Almujibah, Krzysztof Zagórski, Muhammad Basit Khan, Anna Zagórska and Omrane Benjeddou    
The objective of this study is to ascertain the essential elements that contribute to the successful implementation of cloud computing in small-scale construction projects, with the ultimate goal of promoting intelligent development in Malaysia. The cons... ver más
Revista: Applied Sciences

 
Khalid K. Naji, Murat Gunduz and Mohamed Adalbi    
Fast-track construction has recently become the prevailing construction approach globally. It enables owners and developers to make rapid returns on investment through shortened construction periods. This strategy has many effects on the industry; theref... ver más
Revista: Buildings

 
Zaher Ali Al-Sai, Mohd Heikal Husin, Sharifah Mashita Syed-Mohamad, Rosni Abdullah, Raed Abu Zitar, Laith Abualigah and Amir H. Gandomi    
Big Data and analytics have become essential factors in managing the COVID-19 pandemic. As no company can escape the effects of the pandemic, mature Big Data and analytics practices are essential for successful decision-making insights and keeping pace w... ver más

 
Gianni Pasqual,Jürgen Jung,Bardo Fraunholz     Pág. 22 - 53
Conducting a digital transformation is one of the major challenges for today?s companies as it is usually associated with a high risk. The reasons for this are manifold. Technologies are still evolving and there is no coherent standard for digital platfo... ver más