Thesis (M. Phil.)--University of Hong Kong, 1998. / Includes bibliographical references (leaves 178-192).

Thesis (M.P.A.)--University of Hong Kong, 1998. / Includes bibliographical references (leaf 134-140).

Thesis (M.P.A.)--University of Hong Kong, 1998. / Includes bibliographical references (leaves 134-140). Also available in print.

This diploma thesis deals with project management focusing on business development in company Continental Automotive Czech Republic s. r. o., plant Trutnov, with goal the aim of designing a suitable methodology for improving the proces of managing concruction projects. It focuses on a study one specific project. In this thesis are elaborated theoretical background, the analysis of current project management and the proposal of the methodology for the improvement of the management of the construction projects.

Embarking on a construction project means taking a risk. Project risk management (PRM) provides an effective approach to improve decision making and minimise project risk. Project risks may not possess the same level of significance for different countries, markets and projects. Current research on PRM in China has been rather theoretical, addressing technology issues. Considering the current practice in the Chinese construction industry (CCl), the PRM needs understanding and support from the industry and a mature market environment. This research aims to establish PRM strategies for identifying and adopting the best practice to provide practical guidelines for the CCl, thus improving the PRM, motivating the reform of the Chinese construction market, and enabling the CCl to function in the competitive environment of globalisation. An extensive literature review and a number of case studies for construction projects in China have been conducted, addressing issues closely related to the research. A systematic analysis is employed and developed for project planning and decision making. Contractual risks are considered as the first step and catalyst for improving the PRM in the CCl. Built on the findings from the case studies and analysis, the research puts forward a framework of contractual risk management to study the concept, identification and classification of contractual risks. Contract interfaces are analysed for contractual risk management under various project procurement routes (PPRs). The potentially large improvements to the PRM and reform of the Chinese construction market from the introduction and application of innovative PPRs and their contractual conditions are addressed. Two mathematical models -a probabilistic analysis model and an effective information entropy model for key contractual risks -are presented. The validity and applicability of the models are demonstrated with sample data for the CCl. Detailed recommendations and guidelines for the implementation of the proposed strategies are suggested.

Strategic Human Resource Management (SHRM) offers a peoplemanagement framework which promotes improved performance, innovation and competitiveness. However, little research has considered how such practices are implemented within Construction SMEs, and whether they complement overall business strategy. The nature of the UK construction industry requires construction organisations to balance project requirements with competing organisational and individual employee expectations, priorities and needs. This conflict raises several complex and problematic issues for SHRM within the construction industry as well as opportunities for improvement. However to date, despite this sector exhibiting the well-known `labour-intensive' and `people oriented' characteristics, there is little informed understanding of the complex interplay of factors that shape strategic decision making processes, and approaches to SHRM within construction SMEs. The overall aim of this thesis was to explore the types of HRM strategies used by construction SMEs and develop a framework to improve their organisational performance. The objectives of the research were: 1) To establish whether construction SMEs undertake strategic management, the types of strategies employed and how they implement their strategies, 2) To establish whether construction SMEs undertake SHRM, the types of strategies employed, how they implement their strategies and whether size of firm influences their practices; 3) Examine the relationship between the different SHRM approaches, the associated strategic organisational goals, in order to establish whether the approaches and goals are mutually supportive; and 4) To develop a framework linking SHRM approaches to specific organisational goals for construction SMEs. (Continues ...).

Construction is a project-based industry and construction supply chains generally work with a unique product in every project. Commonly, project organizations are reconfigured for each project. This means that construction supply chains are characterised by various practices and disjointed relationships, with the result that construction supply chain actors generally have transient relationships rather than long term risk sharing partnerships. A consequence of this is the lack of trust between construction clients, designers, main contractors and suppliers. Because the construction supply chain works as a disparate collection of separate organisations rather than as a unified team, the supply chain suffers from lack of integration. Knowledge flow in construction supply chains are hindered due to the reasons such as inadequate adaptation to collaborative procurement type projects, inadequate collaboration between the downstream and upstream supply chain, lack of interoperability of the design tools, lack of well structured SCM process and lack of well developed knowledge management applications. These characteristics of the construction supply chains are the main reasons for its low efficiency and productivity in project delivery. There is a need for the development of appropriate systems to ensure the effective diffusion of knowledge such that each actor of the supply chain adds value to the project delivery process. This is expected to result in the creation of knowledge chains in construction. It is believed that construction supply chain management (SCM), when integrated with knowledge management (KM), can successfully address the major problems of the industry The main aim of this research was to develop a framework to transform construction supply chains into knowledge chains . To reach this aim, the research first provided an overview of practices and issues in SCM across a range of industry sectors including construction, aerospace, and automotive industries. It discusses research and developments in the field of SCM and KM in construction industry, the key SCM issues with a knowledge flow focus, and the best practices from other industries to improve the construction supply chains. Furthermore, the results of the company specific and project specific case studies conducted in aerospace and construction industry supply chains are presented. These results include the key SC problems, key issues related to knowledge flow and the presentation of knowledge requirements of each supply chain actor. Following the data analysis process, a framework to transform the construction supply chain into a knowledge chain taking full cognisance of both the technical and social aspects of KM was presented. The main purpose of the knowledge chain framework was to enable construction bid managers/project managers to plan and manage the project knowledge flow in the supply chain and organise activities, meetings and tasks to improve SCM and KM throughout the supply chain in an integrated procurement type (PFI) project life cycle. The knowledge chain framework was intended to depict the knowledge flow in the construction supply chain specifically, and to offer guidance for specific business processes to transform the supply chains into knowledge chains. Finally, this research focused on the evaluation of the framework through industry practitioners and researchers. An evaluation of the Framework was conducted via workshop followed by a questionnaire comprising industry experts. The findings indicated that adoption of the Framework in construction project lifecycle could contribute towards more efficient and effective management of knowledge flow, standardisation and integration of SCM and KM processes, better coordination and integration of the SC, improved consistency and visibility of the processes, and successful delivery of strategic projects. The overall research process contributed the construction research in many perspectives such as introduction of knowledge chain concept for construction supply chains; comparative analysis of the SCM practices in different industry sectors, identification of best practices for construction supply chains, better demonstration of the maturity level and critical factors of the SCM within the construction industry, demonstration of the KC framework which integrates the supply chain process and knowledge sharing within a single framework which covers all the recent trends in the construction industry like collaborative procurement route projects, creation of better integrated SCs, applications like off site construction and BIM where all supply chain management and knowledge management should take place.

This thesis is about risk management in fast-track construction projects. The aim of the study is to identify the risks in the UAE construction industry, understand how they are dealt with, and propose more effective frameworks for risk management in fast-track construction. A mixed method approach was used to fulfil the objectives of the study. 65 questionnaires were distributed to professionals in the construction industry, including contractors, sub-contractors, project managers and private consultants. Their responses were analysed using statistical techniques, and the results taken for discussion to a focus group of eleven experienced construction managers and experts. Secondary data was also collected via literature reviews of print and website articles, and of books and documents from company, government and industry-specific databases. The findings show that risks in construction projects can be internal or external, and that in the UAE, owner- and design-related risks are seen as the most significant. Knowledge about risk management is present, but more needs to be done to eradicate the problems associated with poorly managed fast-track construction projects. Using the suggestion of the focus group, a framework for risk mitigation was developed based on the Alien Eyes’ risk and Qualitative Risk Management models. The study discusses the implications of risk management for practitioners and academicians in the construction industry. Poor risk management, which is usually the consequence of inadequate recognition of and/or responsiveness to risks and uncertainties, can have a devastating impact upon projects. It is hoped that practitioners applying the findings and suggestions in this study will see positive change, improved profitability and greater competitive advantage as a result.

Inadequate or weak preparatory work before starting construction of any structure may cause serious problems during the construction period. For example, projects without sufficient detailed drawings or construction schedules and a disorganized building site can create many problems in the management and completion of the construction works. Consequently, the cost of construction increases digressively, the construction duration of the project extends and the quality of construction is affected adversely. This study dwells on the importance of construction schedules in achieving the aim of producing good quality construction work within the specified duration. Monitoring continuously the interactive relation concerning delays in construction schedules and contractor demands is a complicated process. Here the simplest and basic approach is that, both for owner and contractor, time is money and for this reason construction schedule delays should be analyzed and corrective measures should be taken in a timely manner. The main purpose of this study is to investigate the causes of construction schedule delays and the methods of schedule delay analyses. In this context completion construction works of a covered swimming pool building in Ankara was selected as a case study for analyzing project scheduling and the delays therein. The &ldquo / Time Impact Analysis Method&rdquo / (TIA) was applied to the case study project using PRIMAVERA&reg / software in order to determine the construction schedule delays / to measure the impacts of these delays on the project completion duration / and to allocate responsibility amongst the project participants for preventing delay claims. After the application of the delay analysis it was observed that the delays in the critical activities extended the project duration by 57 days in total i.e. by 15.4 % of the estimated construction period. Fines should have been paid by the contractor because of 31-days non-excusable delays. Also, the contractor should have been given a time extension of 26-days due to 22-days excusable compensable delays and 4-days excusable non-compensable delays which were beyond the control of the contractor. These delays were caused due to organizational deficiencies of the owner, the bureaucracy of the provincial municipality, the lack of detail drawings during the municipality application, the lack of experience of the contractor, problems in material procurement, unforeseeable weather conditions and shortages of qualified employees of the subcontractors. It was observed that of these all except one correspond to the important causes of delays as reported in literature concerning public projects in Turkey.

This thesis is motivated by a construction company whose main business operation is foundation installations of offshore wind farm projects. Steel is the main input for most of the foundations. This construction company is confronted with price risk when involved in the procurement part of the foundations. The company receives a fixed payment for the project while paying variable raw material costs which depend on the steel spot price on the procurement date. The construction company should use financial markets to eliminate the price risk. However, in most wind farm projects, the steel requirement of a foundation is not known in advance, i.e., there is also a quantity risk. Therefore, it is not possible to completely eliminate the associated risk. In this thesis we analyze the hedging decisions of a value maximizing construction company confronted with both price and quantity risks under the presence of capital market imperfections.