Soewin, E and Chinda, T (2022) Development of a construction performance index in the construction industry: System dynamics modelling approach. International Journal of Construction Management, 22(10), pp. 1806-1817. ISSN 1562-3599
Abstract
Being on competitive edge, many companies plan to enhance their work performance in different areas. It is important to capture causal relationships among the key factors and their interactions in the dynamics environment. This study utilizes the system dynamics (SD) modelling approach to develop the dynamics model of the construction performance index (CPI) to examine and improve the performance index, and progress through to higher performance maturity levels in the long-term. The study results show that the construction companies can progress through to higher levels of performance maturity with support from management level to improve time, cost, quality, safety and health, and client satisfaction. These, in turn, lead to better financial performance of the companies. The results also reveal the importance of the internal stakeholders in achieving higher CPI and maturity levels. Teamwork and good working environment are crucial in successfully implement the performance improvement plan. It is also found that to compete in the global market, the companies should include the environmental policies in their business plans to raise their performance standards in the long-term.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | construction performance index; maturity level; system dynamics modelling |
| Index terms: | construction company, system dynamics, financial performance, environmental policy, teamwork, maturity level, construction performance, performance improvement, dynamics, client satisfaction, interaction, modelling, construction industry, work performance |
| Subjects: | client relations, organization, computing systems, operations management, public policy, performance assessment, analytical methods, management, performance measurement, business analysis, evaluation, industry analysis, behavioral psychology, systems engineering |
| Topics: | Stakeholder Management, Governance, Business Strategy, Engineering Principles, Research Practice, Project Management, Organizational Design, Site Management, Digital Applications, Quality Management |
| Descriptive scope: | 4 PCTA |
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