TY - JOUR
T1 - Correlation of Construction Performance Indicators and Project Success in a Portfolio of Building Projects
AU - Cleary, Joseph P.
AU - Lamanna, Anthony J.
N1 - Funding Information:
The authors thank the ENR top 400 company who shared project data for this study.
Publisher Copyright:
© 2022 by the authors. Licensee MDPI, Basel, Switzerland.
PY - 2022/7
Y1 - 2022/7
N2 - Construction management is a highly competitive project-based field of complex specialized services, creating or altering the built environment for a client. For construction projects to be successful, and in turn, for construction firms to be successful, understanding the relationship of performance statistics as indicators of project outcomes, such as cost, time, and profitability, is essential. There have been a number of efforts made to identify key performance indicators related to construction project success. However, due to lack of available data, many questions remain. There lies an opportunity to analyze project statistics as indicators of project success, similar to the way analytics have been used to predict success in sports. Construction firm project data for a portfolio of building projects were analyzed, and this study identifies correlated factors for completed building construction projects. A highlight of this correlation analysis identified profit differential as demonstrating a strong relationship with the number of requests for information and architects supplemental instructions on a project.
AB - Construction management is a highly competitive project-based field of complex specialized services, creating or altering the built environment for a client. For construction projects to be successful, and in turn, for construction firms to be successful, understanding the relationship of performance statistics as indicators of project outcomes, such as cost, time, and profitability, is essential. There have been a number of efforts made to identify key performance indicators related to construction project success. However, due to lack of available data, many questions remain. There lies an opportunity to analyze project statistics as indicators of project success, similar to the way analytics have been used to predict success in sports. Construction firm project data for a portfolio of building projects were analyzed, and this study identifies correlated factors for completed building construction projects. A highlight of this correlation analysis identified profit differential as demonstrating a strong relationship with the number of requests for information and architects supplemental instructions on a project.
KW - construction management
KW - correlation
KW - performance indicators
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U2 - 10.3390/buildings12070957
DO - 10.3390/buildings12070957
M3 - Article
AN - SCOPUS:85134529241
SN - 2075-5309
VL - 12
JO - Buildings
JF - Buildings
IS - 7
M1 - 957
ER -