Examination of interrelationships of key construction performance factors utilizing structural equation modeling
Thai construction industry faces several problems while trying to improve its performance. This study utilizes structural equation modelling to examine inter-relationships among 10 key performance factors, namely 1) time, 2) cost, 3) quality, 4) safety and health, 5) client satisfaction, 6) enviro...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Prince of Songkla University
2022-04-01
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| Series: | Songklanakarin Journal of Science and Technology (SJST) |
| Subjects: | |
| Online Access: | https://rdo.psu.ac.th/sjst/journal/44-2/17.pdf |
| _version_ | 1811243052920995840 |
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| author | Eiei Soewin Thanwadee Chinda |
| author_facet | Eiei Soewin Thanwadee Chinda |
| author_sort | Eiei Soewin |
| collection | DOAJ |
| description | Thai construction industry faces several problems while trying to improve its performance. This study utilizes
structural equation modelling to examine inter-relationships among 10 key performance factors, namely 1) time, 2) cost, 3)
quality, 4) safety and health, 5) client satisfaction, 6) environment, 7) financial performance, 8) internal stakeholder, 9) external
stakeholder, and 10) information, technology, and innovation. The final model confirms strong relationships among the
traditional performance indicators: time, cost, and quality. Apart from that, also emerging concepts of performance measurement
are assessed, especially in the areas of stakeholders and environmental management. Additional support is needed to improve the
environmental standards, so that Thai construction companies can enhance their competitiveness in the global market. New
technologies and innovative ideas should be encouraged in the real practices. It is expected that the final model of construction
performance assists construction companies to better understand key performance factors, as well as their relationships, and
effectively plan for their performance improvement. |
| first_indexed | 2024-04-12T13:59:30Z |
| format | Article |
| id | doaj.art-2c2e528d5d244bada5fdc31af79aec6e |
| institution | Directory Open Access Journal |
| issn | 0125-3395 |
| language | English |
| last_indexed | 2024-04-12T13:59:30Z |
| publishDate | 2022-04-01 |
| publisher | Prince of Songkla University |
| record_format | Article |
| series | Songklanakarin Journal of Science and Technology (SJST) |
| spelling | doaj.art-2c2e528d5d244bada5fdc31af79aec6e2022-12-22T03:30:14ZengPrince of Songkla UniversitySongklanakarin Journal of Science and Technology (SJST)0125-33952022-04-0144240841410.14456/sjst-psu.2022.57Examination of interrelationships of key construction performance factors utilizing structural equation modelingEiei Soewin0Thanwadee Chinda1School of Management Technology, Sirindhorn International Institute of Technology, Thammasat University, Khlong Luang, Pathum Thani, 12121 ThailandSchool of Management Technology, Sirindhorn International Institute of Technology, Thammasat University, Khlong Luang, Pathum Thani, 12121 ThailandThai construction industry faces several problems while trying to improve its performance. This study utilizes structural equation modelling to examine inter-relationships among 10 key performance factors, namely 1) time, 2) cost, 3) quality, 4) safety and health, 5) client satisfaction, 6) environment, 7) financial performance, 8) internal stakeholder, 9) external stakeholder, and 10) information, technology, and innovation. The final model confirms strong relationships among the traditional performance indicators: time, cost, and quality. Apart from that, also emerging concepts of performance measurement are assessed, especially in the areas of stakeholders and environmental management. Additional support is needed to improve the environmental standards, so that Thai construction companies can enhance their competitiveness in the global market. New technologies and innovative ideas should be encouraged in the real practices. It is expected that the final model of construction performance assists construction companies to better understand key performance factors, as well as their relationships, and effectively plan for their performance improvement.https://rdo.psu.ac.th/sjst/journal/44-2/17.pdfconstruction performancerelationshipsstructural equation modellingthai construction industry |
| spellingShingle | Eiei Soewin Thanwadee Chinda Examination of interrelationships of key construction performance factors utilizing structural equation modeling Songklanakarin Journal of Science and Technology (SJST) construction performance relationships structural equation modelling thai construction industry |
| title | Examination of interrelationships of key construction performance factors utilizing structural equation modeling |
| title_full | Examination of interrelationships of key construction performance factors utilizing structural equation modeling |
| title_fullStr | Examination of interrelationships of key construction performance factors utilizing structural equation modeling |
| title_full_unstemmed | Examination of interrelationships of key construction performance factors utilizing structural equation modeling |
| title_short | Examination of interrelationships of key construction performance factors utilizing structural equation modeling |
| title_sort | examination of interrelationships of key construction performance factors utilizing structural equation modeling |
| topic | construction performance relationships structural equation modelling thai construction industry |
| url | https://rdo.psu.ac.th/sjst/journal/44-2/17.pdf |
| work_keys_str_mv | AT eieisoewin examinationofinterrelationshipsofkeyconstructionperformancefactorsutilizingstructuralequationmodeling AT thanwadeechinda examinationofinterrelationshipsofkeyconstructionperformancefactorsutilizingstructuralequationmodeling |