Mawdesley, M; Hernandez, O and Al-Jibouri, S (2005) A decision making model for infrastructure projects selection in developing countries. Journal of Financial Management of Property and Construction, 10(3), pp. 135-146. ISSN 1366-4387
Abstract
This paper deals with the process followed to select investment projects within the construction industry with emphasis on the characteristics of infrastructure projects in developing countries. It presents an overview of the current practices in the main areas concerned with the process, namely project evaluation and decision-making. The research carried out shows a process with a narrow scope and a lack of integration between the different techniques. The methodology described in this paper is developed to overcome such diffi culties and reduce some of the uncertainty that surrounds the selection of engineering projects. The proposed methodology has been tested and validated and results of the testing have been discussed and conclusions are drawn.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | construction; decision making; developing countries; investment; project appraisal |
| Index terms: | integration, methodology, decision-making, project appraisal, developing country, infrastructure project, construction industry, testing, project evaluation |
| Subjects: | industry analysis, infrastructure and transport systems, decision analysis, organizational analysis, development economics, research methods, project delivery, professional practice, value management |
| Topics: | International Construction, Organizational Design, Research Practice, Project Management, Engineering Principles, Risk Management |
| Descriptive scope: | 3 PCT |
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