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Pre-assessment of project performance : a Dutch construction case
Brinkhof, R.R. (2022) Pre-assessment of project performance : a Dutch construction case.
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| Abstract: | Knowing in advance if a project becomes a success, requires well-thought pre-assessments. Project-oriented organizations are struggling with these, which is in this research studied from the perspective of a Dutch contractor. Applying an explanatory research approach, historical projects’ performance and characteristics are analyzed to learn lessons for future projects. Literature on project performance and risk management are therefore elaborated, the former as represented by Transaction Cost Economics, the latter as represented by Early Warning Signs and Critical Success Factors. A dataset of 45 projects is created, including financial data, contractual agreements, and project team experience. Variables for stepwise regression are derived from the dataset, with financial coverage as dependent variable. A positive correlation is revealed between initial coverage and actual coverage. Seven other variables turned out to be insignificant. Because of their justified importance, these are discussed in an expert panel, indicating four additional factors affecting pre-assessments: complexity, early client collaboration, project team selection, and scheduling. Leading to the conclusion that accuracy and effort in pre-assessments can result in alignment between estimated and actual (financial) performance. However, strong interdependencies between factors should be accounted for. It is suggested to adopt accepted risk management techniques to obtain accurate pre-assessments of projects. |
| Item Type: | Essay (Master) |
| Clients: | Hegeman Bouw & Infra |
| Faculty: | BMS: Behavioural, Management and Social Sciences |
| Subject: | 85 business administration, organizational science |
| Programme: | Business Administration MSc (60644) |
| Link to this item: | https://purl.utwente.nl/essays/92001 |
| Export this item as: | BibTeX EndNote HTML Citation Reference Manager |
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