Han, S H; Park, S H; Kim, D Y; Kim, H and Kang, Y W (2007) Causes of bad profit in overseas construction projects. Journal of Construction Engineering and Management, 133(12), pp. 932-943. ISSN 0733-9364
Abstract
International construction projects do not necessarily produce a high level of profit, as opposed to what is generally expected of high-risk international attempts. Overseas construction projects tend to have various risk factors that can diminish project profitability. This paper provides a comprehensive hierarchical framework to investigate the cause-and-effect relationships of various profit-influencing factors for international construction projects. After long-term profitability trends are analyzed based on a total of 3,487 international projects performed by Korean global contractors during the last 4 decades, case surveys of 126 overseas projects are conducted to draw the criticalities of each factor and to develop a hierarchical framework. An in-depth comparative case study of 20 additional international projects is also performed to verify the applicability of the hierarchical framework. Finally, we present significant distinctions between successful and failed projects from the comparative case study.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | failures; foreign projects; profit; project management; risk management |
| Index terms: | construction project, international construction project, international project, profit, case survey, risk management, profitability, risk factor, project management, case study, influencing factor |
| Subjects: | project management theory and practice, production management, environmental hazards, risk assessment, strategic management, data collection methods, economic analysis |
| Topics: | International Construction, Risk Management, Sustainability, Business Strategy, Project Management, Research Practice |
| Descriptive scope: | 3 PCE |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here