Adia, I (2019) Strategies to secure sustainable funding for the successful conclusion of infrastructure projects. PhD thesis, Walden University, USA.
Abstract
Construction industry leaders who neglect to implement appropriate project funding strategies harm business operations and lose profits. Inadequate funding is also a significant cause of project failures in the global construction sector. The purpose of this qualitative multiple case study was to explore strategies construction project owners use to secure sustainable funding for the successful conclusion of infrastructure projects. The population comprised 5 leaders of organizations owning construction projects in the Middle Eastern Gulf Cooperation Council states, with successful strategies to acquire adequate funding for completing infrastructure projects. Data were collected from semistructured interviews with the business leaders and reports published by prominent organizations involved in funding infrastructure projects. The modern portfolio theory formulated the conceptual framework. Through thematic analysis, 5 themes emerged: address project funding issues promptly, select projects with high returns and low risks, use project financial management processes to manage project funds, apply a project finance structure for large-scale projects, and implement an Islamic finance scheme for eligible projects. The potential contributions of the study include communities benefitting from improved well-being and construction business employees enjoying higher job security, enhanced working conditions, and better standards of living for their families.
| Item Type: | Thesis (Doctoral) |
|---|---|
| Thesis advisor: | Faint, C-A |
| Uncontrolled Keywords: | construction project; construction sector; financial management; funding; infrastructure project; population; project finance; security; standards; working conditions; employee; owner; failure; case study; interview; thematic analysis; Middle East |
| Index terms: | infrastructure project, working conditions, construction industry, global construction, funding, owner, financial management, project failure, case study, construction sector, conceptual framework, project finance, Gulf cooperation council, construction project, population, well-being, thematic analysis, strategy, profit, interview, Middle East |
| Subjects: | financial management, management, methods and analysis, employment law, sociology, industry analysis, infrastructure and transport systems, mental health and wellbeing, data collection methods, institutional frameworks, theoretical framing, physical geography and landforms, production management, demography, project completion, strategic management, economic analysis |
| Topics: | Legal Issues, Project Management, Geographical Context, Engineering Principles, Health and Safety, International Construction, Urban Studies, Research Practice, Cost Management, Business Strategy, Governance, Stakeholder Management |
| Descriptive scope: | 5 PCTEA |
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