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Prioritizing cost management system considerations for Nigerian housing projects

Lovelin Ifeoma Obi (The School of the Built Environment, University of Salford, Salford, UK)
Mohammed Arif (The School of the Built Environment, University of Salford, Salford, UK)
Dennis J. Kulonda (School of Business and Technology Management, Northcentral University, Prescott Valley, Arizona, USA)

Journal of Financial Management of Property and Construction

ISSN: 1366-4387

Article publication date: 7 August 2017

Abstract

Purpose

This study aims to develop a success factor model to understand and facilitate improved cost management system (CMS) implementation in low-cost housing (LcH) project delivery in Nigeria.

Design/methodology/approach

Literature findings highlight 13 drivers affecting effective implementation within the CMS and uses series of brainstorming sessions and questionnaire surveys to validate the drivers. Factor analysis (FA) identifies possible contextual relationships among the validated drivers and groups them into three success factors. The results of the FA are refined using interpretive structural modelling (ISM). The ISM identifies and models the influential drivers and aids the development of the success factor model.

Findings

Effective team qualities, information and management actions and a stable operational environment are the three essential success factors for effective CMS implementation.

Practical implications

The paper highlights effective team qualities as the most important CMS considerations for Nigerian LcH project delivery. This finding creates the needed awareness to guide project sponsors and project managers in the appropriate selection of the project management team (PMT) as well as the procurement system that facilitates their collaboration.

Originality/value

This study is a novel research using FA and ISM to investigate the influence of success factors needful for effective implementation within the CMS. It further develops a hierarchy model that aids the PMT with better understanding of the drivers and factors interrelationships for use on LcH projects within the Nigerian context.

Keywords

Citation

Obi, L.I., Arif, M. and Kulonda, D.J. (2017), "Prioritizing cost management system considerations for Nigerian housing projects", Journal of Financial Management of Property and Construction, Vol. 22 No. 2, pp. 135-153. https://doi.org/10.1108/JFMPC-06-2016-0025

Publisher

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Emerald Publishing Limited

Copyright © 2017, Emerald Publishing Limited