Obstacles to risk management implementation in construction small and medium enterprises in South African
- Authors: Renault, Berenger Y. , Agumba, Justus N. , Ansary, N.
- Date: 2017
- Subjects: Obstacles , RMI , Construction SMEs
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/248136 , uj:25786 , Citation: Renault, B.Y., Agumba, J.N. & Ansary, N. 2017. Obstacles to risk management implementation in construction small and medium enterprises in South African.
- Description: Abstract: Risk management implementation (RMI) in construction projects is often affected by several obstacles which can endanger the achievement of project objectives. Regrettably, there is a paucity of empirical studies investigating these obstacles in the South African construction industry (SACI), especially in the small and medium enterprises (SMEs) sector. Hence, the current study sought to investigate the major obstacles hindering the IRMP at project level of SMEs. A structured questionnaire consisting of eighteen factors was used to collect data from SMEs who were conveniently sampled. The data was analysed using the Statistical Package for the Social Sciences (SPSS) version 23, computing descriptive statistics. The results indicated that: unsupportive organisation culture, lack of qualified personnel and inadequate training were the major obstacles hindering the IRMP. The results of the study could provide professionals in the CI with information on factors that hinder the IRMP in construction projects of SMEs. This will enable construction SMEs to conscientiously incorporate RM in their professional work and that would result in better project performance.
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A Review of Critical Project Management Techniques to Enhance Construction SMEs Project Performance
- Authors: Emere, Chijioke , Musonda, Innocent , Okoro, Chioma
- Date: 2019
- Subjects: Construction SMEs , Project performance , Project management techniques
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/396774 , uj:32951 , Citation: Emere, C., Musonda, I. & Okoro, C. 2019. A Review of Critical Project Management Techniques to Enhance Construction SMEs Project Performance.
- Description: Abstract: Performance is linked with implementation of project management techniques. Lit- erature suggests that problems such as inefficiency, poor budgetary issues, improper planning, scheduling and control in projects execution are associated with inadequate implementation of the essential techniques for meeting project deliverables. These shortcomings are prevalent among Small and Medium Enterprises (SMEs) in the developing countries including South Af- rica. Hence, the primary objective of this paper is to review the critical project management tech- niques for the improvement of construction project performance especially among SMEs in South Africa. The study is based on previous literature on construction SMEs project performance as well as project management techniques implementation. The literature review centered on both international and South African context. The study revealed that critical path method, work breakdown structure, and earned value management analysis were the most occurring project management techniques from the sampled literature. Findings from this study are envisaged to be beneficial to construction stakeholders in developing relevant project management techniques to improve the performance of SMEs.
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A review of critical project management techniques to enhance construction SMEs project performance
- Authors: Emere, Chijioke , Musonda, Innocent , Okoro, Chioma
- Date: 2019
- Subjects: Construction SMEs , Project performance , Project management techniques
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/404321 , uj:33903 , Citation: Emere, C., Musonda, I. & Okoro, C. 2019. A review of critical project management techniques to enhance construction SMEs project performance.
- Description: Abstract: Performance is linked with implementation of project management techniques. Literature suggests that problems such as inefficiency, poor budgetary issues, improper planning, scheduling and control in projects execution are associated with inadequate implementation of the essential techniques for meeting project deliverables. These shortcomings are prevalent among Small and Medium Enterprises (SMEs) in the developing countries including South Africa. Hence, the primary objective of this paper is to review the critical project management techniques for the improvement of construction project performance especially among SMEs in South Africa. The study is based on previous literature on construction SMEs project performance as well as project management techniques implementation. The literature review centered on both international and South African context. The study revealed that critical path method, work breakdown structure, and earned value management analysis were the most occurring project management techniques from the sampled literature. Findings from this study are envisaged to be beneficial to construction stakeholders in developing relevant project management techniques to improve the performance of SMEs.
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Assessment of credit accessibility to construction SMEs in the South African construction industry using binary logistic regression
- Authors: Balogun, Olanrewaju Abdul , Ansary, Nazeem , Agumba, Justus
- Date: 2016
- Subjects: Construction SMEs , Credit accessibility , Gauteng
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/214938 , uj:21344 , Citation: Balogun, O.A., Ansary, N & Agumba, J. 2016. Assessment of credit accessibility to construction SMEs in the South African construction industry using binary logistic regression.
- Description: Abstract: Unavailability of credit, especially trade credit, is one of the primary reasons for high failure rate of construction SMEs. This paper empirically investigates the determinants of trade credit to construction small and medium enterprises (SMEs) in the Gauteng Province of South Africa. The data were obtained through questionnaire survey from 179 small and medium contractors who were conveniently sampled in the Gauteng province. Data analysis was done using Statistical Package for the Social Sciences (SPSS) version 22 software. Results indicated that managerial competency, the availability of business plan, relationship with financial institutions, location of the firm, firm size, firm tax number and incorporation are significant determinants of credit accessibility in South Africa. These findings could be useful to construction SMEs in identifying and accessing trade credit from financial institutions.
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Factors influencing credit accessibility for small and medium company in South Africa's construction industry : a literature review
- Authors: Balogun, O.A. , Agumba, J.N. , Ansary, N.
- Date: 2015
- Subjects: Credit accessibility , Construction SMEs , South Africa
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/18040 , uj:15952 , Citation: Balogun, O.A., Agumba, J.N. & Ansary, N. 2015. Factors influencing credit accessibility for small and medium company in South Africa's construction industry : a literature review. Emuze, F.A. (Ed.) 4th Construction Management Conference : conference proceedings, 30 November - 01 December 2015, Port Elizabeth, South Africa. p. 264-273. ISBN: 9781920508616
- Description: Abstract: The study provides a comprehensive discussion on access to credit by the Small and Medium Enterprises (Construction SMEs) sector in South Africa. Access to credit has been noted as one of the major challenges impeding the survival and growth of the Construction SME sector in South Africa. The problems of access to finance, gaps and the reasons for the gaps in SME financing in South Africa are discussed. Gaps in SME financing were discussed in relation Stiglitz and Weiss (1981) credit rationing theory which advocates that agency problems and asymmetric information are the main reasons for the credit rationing behaviours of credit providers to Construction SMEs. This paper is a review to identify gaps in literature regarding the financing of Construction SMEs in South Africa. It is revealed that access to credit by Construction SMEs is still a major challenge impeding the realisation of the full potential of construction SMEs as engines of poverty alleviation, employment creation and economic growth at large. Therefore it is recommended that policy recommendations aimed at solving access to credit challenges must be empirically tested on a regular basis and progress in that regard must be constantly monitored and revised to reduce the problem
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Investigating challenges and barriers facing construction of small, medium-sized enterprises in credit accessibility in the South African construction industry
- Authors: Balogun, O.A. , Ansary, N. , Agumba, J.N.
- Date: 2016
- Subjects: Credit accessibility , Challenges , Construction SMEs
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/215071 , uj:21360 , Citation: Balogun, O.A., Ansary, N & Agumba, J.N. 2016. Investigating challenges and barriers facing construction of small, medium-sized enterprises in credit accessibility in the South African construction industry.
- Description: Abstract: This study sought to investigate the challenges and the barriers facing Small and Medium –Sized Enterprises in South Africa construction industry in their quest to access credit from financial institutions for their business purposes. This study utilizes a combination of primary data emanating from structure survey questionnaires supplemented by secondary source of data from an extensive literature review, in order to present insightful commentary about credit accessibility with Construction SMEs in South Africa. The study was a cross-sectional survey that used semi-structured questionnaire to collect data from the sample. 50 questionnaires were distributed to Construction Company in Gauteng Province in in Johannesburg through a convenience sampling technique. The key barriers were identified include informational barriers, lack of managerial ability within construction SMEs. Limitation of the study have been note and recommendations for developing innovative approaches to making credit accessibility to construction SMEs in South African been discussed. The study contributes to the body of knowledge in the area of financing construction firm in developing countries in general, and in South Africa in particular.
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