Determining the Factors Influencing Construction Project Management Performance Improvement through Earned Value-Based Value Engineering Strategy: A Delphi-Based Survey

Abstract

Proper planning and management of construction projects have long been regarded as a necessity. The ability to make sound decisions and solve problems using appropriate performance reports related to the project implementation process are the two most key factors in controlling the performance of construction project management. Even though these factors considerably contribute to controlling precise project performance, previous research has failed to investigate them to their fullest potential. Therefore, this research seeks to fill the existing gap by determining the influential factors on construction project management performance through earned value-based value engineering strategy. In this line, a comprehensive literature analysis was undertaken to extract the influential factors on construction project management performance. Then, three rounds of a Delphi survey were conducted to consolidate the influential factors. There were a total of 39 factors that were grouped into four categories. The identified influential factors were then evaluated through the analysis of quantitative data. The findings showed that the dimension of “Engineering economics” was ranked first in terms of importance, followed by “Project management performance”, “Value engineering approach”, and “Earned value management” at the second to fourth ranks, respectively. The overall ranking of the factors placed “Project Stakeholder Management” in the first position and “Project Management Software” in the bottom place. It is anticipated that the key findings and effective recommendations of this study will considerably contribute to the improvement of decisions on project planning and improve the performance of construction project management while enhancing different stakeholders’ understanding of the most influential factors on the performance of construction project management.

Keywords

• construction project
• project management performance
• value engineering
• earned value
• Delphi technique