To read this content please select one of the options below:

Risk resources management influence on public–private partnership risk management in construction industry. Confirmatory factor analysis approach

Timothy Adu Gyamfi (Department of Building Technology, Koforidua Technical University, Koforidua, Ghana and Department of Construction Management and Quantity Surveying, University of Johannesburg, Auckland Park, South Africa)
Clinton Ohis Aigbavboa (Department of Construction Management and Quantity Surveying, University of Johannesburg, Auckland Park, South Africa)
Wellington Didibhuku Thwala (Department of Civil Engineering, University of South Africa, Pretoria, South Africa)

Journal of Engineering, Design and Technology

ISSN: 1726-0531

Article publication date: 8 December 2022

47

Abstract

Purpose

Construction organisations cannot underestimate the improvement in public–private partnership (PPP) projects’ implementation. At the same time, construction organisations cannot overlook the risk arising from engaging in PPP construction projects. Hence, this study aims to establish the influence of risk resource management (RRM) in managing PPP risk in the construction industry in Ghana.

Design/methodology/approach

The researchers adopted qualitative and quantitative research methods to achieve the aim of the study, in which Delphi questions and a close-ended questionnaire were developed. A total of 650 construction specialists, including procurement officers, consultants, project managers, quantity surveyors, site engineers and planning officers were chosen using random and purposive sampling techniques. Recovered data were analysed using descriptive statistics and confirmatory factor analysis (CFA). The CFA maximum likelihood estimation extractor compresses 19 variables into 3 pattern matrices.

Findings

The results of the study revealed three factors that measure RRM in Ghana’s PPP construction industry, including financial resource management which was influenced by communicating the budget to project team members and project partners understanding the budget, and material resource management which was influenced by the provision of materials transportation and provision of delivery programs and labour resource management which was impacted by a commitment to pay social security and taxes and provision of good salaries, to address RRM in PPP construction organisations.

Research limitations/implications

To incessantly improve the PPP risk management (RM) in construction through RRM, there should be a strong liaison between the universities, government agencies and the construction industry, and such collaboration will assist the industry to obtain first-hand information regarding the study findings and how they can be implemented to help the development of RM in the construction industry. This study is limited to Ghana and CFA and further study should explore structural equation model to determine the structure and measurement model of the risk resource variables.

Originality/value

The study may be valuable to industry stakeholders looking for new approaches to improve RM in their construction activities, particularly in PPP projects. Also, to assist reduce PPP risk, construction companies should use RRM in their organisations.

Keywords

Acknowledgements

This paper is part of a PhD thesis titled risk management model for public–private partnership in Ghana’s building construction industry. This program was pursued at Johannesburg University in South Africa.

Citation

Adu Gyamfi, T., Aigbavboa, C.O. and Thwala, W.D. (2022), "Risk resources management influence on public–private partnership risk management in construction industry. Confirmatory factor analysis approach", Journal of Engineering, Design and Technology, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/JEDT-12-2021-0699

Publisher

:

Emerald Publishing Limited

Copyright © 2022, Emerald Publishing Limited

Related articles