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1 – 4 of 4Oladimeji A. Olawale, Lukumon O. Oyedele and Hakeem A. Owolabi
The purpose of this study is to commence the discourse on the non-inclusiveness of the dynamics of reputation within the construction industry by identifying and examining…
Abstract
Purpose
The purpose of this study is to commence the discourse on the non-inclusiveness of the dynamics of reputation within the construction industry by identifying and examining the key product and process drivers of reputation in mega-construction projects.
Design/methodology/approach
Data was collected through an exploratory sequential mixed methods approach which commences with a qualitative study and culminates with a quantitative study to identify product and process drivers of reputation in mega-construction projects.
Findings
The findings suggest that “project quality”, “robust social and environmental sustainability plan”, “project team competence and interpersonal relationship” and “project process efficacy” are the four key drivers influencing the reputation of mega-construction projects.
Research limitations/implications
The findings of this study are solely based on the perception of UK construction practitioners; therefore, the results may only be considered valid in this context. The identification of these key drivers provides a pathway where stakeholders, professionals and organisations can identify and prioritise critical issues associated with enhancing and sustaining the reputation of mega-construction projects.
Originality/value
Findings of this research make a significant contribution to the discourse on the concept of reputation within the construction industry by identifying its specific drivers of reputation.
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Keywords
Anuoluwapo Ajayi, Lukumon Oyedele, Juan Manuel Davila Delgado, Lukman Akanbi, Muhammad Bilal, Olugbenga Akinade and Oladimeji Olawale
The purpose of this paper is to highlight the use of the big data technologies for health and safety risks analytics in the power infrastructure domain with large data…
Abstract
Purpose
The purpose of this paper is to highlight the use of the big data technologies for health and safety risks analytics in the power infrastructure domain with large data sets of health and safety risks, which are usually sparse and noisy.
Design/methodology/approach
The study focuses on using the big data frameworks for designing a robust architecture for handling and analysing (exploratory and predictive analytics) accidents in power infrastructure. The designed architecture is based on a well coherent health risk analytics lifecycle. A prototype of the architecture interfaced various technology artefacts was implemented in the Java language to predict the likelihoods of health hazards occurrence. A preliminary evaluation of the proposed architecture was carried out with a subset of an objective data, obtained from a leading UK power infrastructure company offering a broad range of power infrastructure services.
Findings
The proposed architecture was able to identify relevant variables and improve preliminary prediction accuracies and explanatory capacities. It has also enabled conclusions to be drawn regarding the causes of health risks. The results represent a significant improvement in terms of managing information on construction accidents, particularly in power infrastructure domain.
Originality/value
This study carries out a comprehensive literature review to advance the health and safety risk management in construction. It also highlights the inability of the conventional technologies in handling unstructured and incomplete data set for real-time analytics processing. The study proposes a technique in big data technology for finding complex patterns and establishing the statistical cohesion of hidden patterns for optimal future decision making.
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Hakeem Adedayo Owolabi, Lukumon Oyedele, Hafiz Alaka, Obas John Ebohon, Saheed Ajayi, Olugbenga Akinade, Muhammad Bilal and Oladimeji Olawale
A major challenge for foreign lenders in financing public private partnerships (PPP) infrastructure projects in an emerging market (EM) is the bankability of…
Abstract
Purpose
A major challenge for foreign lenders in financing public private partnerships (PPP) infrastructure projects in an emerging market (EM) is the bankability of country-related risks. Despite existing studies on country risks in international project financing, perspectives of foreign lenders on bankability of country-specific risks in an EM is yet to be explored. Hence, using a mixed methodology approach, three private finance initiatives/PPP projects in Sub Saharan Africa (Nigeria) were used to investigate political risk, sponsor, concession and legal risks in PPP loan applications. The paper aims to discuss these issues.
Design/methodology/approach
The study adopted mixed methodological approach comprising focus group discussions and analysis of loan documents obtained from foreign project lenders, in addition to the questionnaire survey distributed to local and international project financiers with experiences in PPPs within Nigeria.
Findings
Results identified seven topmost bankability criteria for evaluating country-related risks (political risk, sponsor, concession and legal risks) in EM PPPs. In addition, a “Risk and Bankability Framework Model” was developed from the study presenting critical parameters for gaining foreign funding approval for EM’s PPP loan applications.
Research limitations/implications
Since the study only explored bankability of PPPs in Sub Saharan Africa with the exclusion of other geographical regions, the proposed framework model should be taken in context of EMs as a mind-map for foreign lenders and local private investors seeking to finance PPPs in an EM.
Practical implications
Results from the study represent critical parameters for winning foreign loan approval for PPP infrastructure projects within an EM context.
Originality/value
Study proposed “Risk and Bankability Framework Model” relevant for evaluating PPP loan applications at the pre-approval stage for EM PPPs.
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