Tetteh, M O; Chan, A P C; Darko, A; Özorhon, B and Adinyira, E (2024) Developing a multidimensional performance measurement framework for international construction joint ventures (icjvs): The perspective of Ghana-hosted icjvs' practitioners. Engineering, Construction and Architectural Management, 31(12), pp. 4754-4790. ISSN 0969-9988
Abstract
Purpose: International construction joint ventures (ICJVs) will fully realize their potential for success and effectively monitor performance when an adequate and suitable performance benchmark is established. However, existing studies fall short of adequately providing a mutually acceptable benchmark for assessing the performance of ICJVs. This study aims to develop an adequate and suitable performance measurement framework for ICJVs. Design/methodology/approach: A twofold structured questionnaire survey, supplemented by semi-structured interviews, was used to collect data from the practitioners of ICJVs hosted in the developing country of Ghana. The data were analyzed by using descriptive statistics, confirmatory factor analysis (CFA) and a hybrid-fuzzy logic approach. Findings: A list of 30 performance indicators (PIs), defined by project performance, perceived satisfaction, company/partner performance, socio-environmental performance and performance of ICJV management, was validated and proved to be significant. Only 22 out of the 30 PIs, focusing on project efficiency, societal improvement and organizational goals are realized by the ICJV practitioners. Further, suitable determinants and viable quantitative ranges for measuring each PI are established to prevent different interpretations of the meanings of PIs and objectively express the level of success in quantitative terms. The results call for further investigation of the convergence between the practice of and research into some PIs (e.g. socio-environmental performance) and a range of different performance levels (PLs) in a more scientific manner. Practical implications: This study not only advances the knowledge base and practice of performance measurement in ICJVs but could also assist stakeholders and decision-makers to assess, compare and monitor the performance of different ICJV projects on common grounds objectively. Originality/value: This study not only comprehensively assessed PIs – what to measure – but also systematically determined suitable determinants – how to measure – for each PI.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | determinants; indicators; international construction joint ventures; performance level; performance measures; quantitative range; questionnaire survey |
| Index terms: | meaning, performance measure, survey, confirmatory factor analysis, performance indicator, developing country, knowledge base, interview, methodology, practitioner, questionnaire, Ghana, efficiency, performance measurement, environmental performance, joint venture, satisfaction, fuzzy logic, determinant, statistics, project performance, investigation, international construction |
| Subjects: | sustainability assessment, research methods, Geography, development economics, strategic management, practitioner, performance measurement, performance management, project management theory and practice, sociology, statistical analysis, information systems, risk assessment, data collection methods, mathematical modelling, business, data science, project delivery |
| Topics: | Geographical Context, Project Management, Risk Management, Sustainability, Quality Management, Business Strategy, Research Practice, Roles and Professions, Digital Applications, International Construction |
| 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