Jackson, E N and Shanmuga Priya, T (2025) Identifying critical risk management performance indicators for construction projects in Ghana using confirmatory factor analysis. Construction Economics and Building, 25(3-4), pp. 22-42. ISSN 2204-9029
Abstract
Construction projects in Ghana lack critical risk management performance benchmarks for success evaluation, and as such, this study was conducted to identify risk management performance metrics for Ghanaian construction projects. Using a confirmatory factor analysis model, this study analyzed responses from construction industry stakeholders in Ghana. A systematic literature review was carried out to identify risk management performance indicators that can be used to calculate the overall performance of construction projects in Ghana. A total of seven grouped critical risk management performance indicators were identified from the literature and through the observation of the outcome of construction projects, which served as a foundation for generating a survey questionnaire. The questionnaire was designed based on the identified risk management performance indicators and distributed to respondents through emails, Google Forms, and in person. Data from the questionnaire responses were analyzed and modeled using descriptive statistics and a confirmatory factor analysis model. The study revealed that all the seven identified risk management performance indicators discovered affect how well Ghanaian construction projects perform. Nevertheless, the most critical ones are "main stakeholders (clients, consultants, contractors, customers, end-users, investors, etc.) satisfaction (FCRMPI2)", "completion within budget (cost) and schedule (time) (FCRMPI3)", "satisfaction with environmental sustainability, quality, scope, and health and safety requirements (FCRMPI6)", and "contractors' employees' job satisfaction (FCRMPI7)". Contribution to knowledge has been made by identifying the key metrics of performance for risk management that Ghanaian construction projects could use to measure their success.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Ghana; performance indicators; project management; risk management; structural equation modeling |
| Index terms: | construction industry, systematic literature review, Ghana, confirmatory factor analysis, environmental sustainability, risk management, construction project, structural equation modelling, questionnaire, performance metric, satisfaction, survey, statistics, health and safety, project management, job satisfaction, investor, performance indicator |
| Subjects: | performance measurement, project delivery, mathematical modelling, Geography, statistical analysis, health safety and environment, sociology, data collection methods, management, risk assessment, industry analysis, production management, project management theory and practice, performance management, research evaluation and metrics |
| Topics: | Quality Management, Human Resources, Risk Management, Health and Safety, Project Management, Research Practice, Geographical Context, 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