Abstract
International construction projects do not necessarily produce a high level of profit, as opposed to what is generally expected of high-risk international attempts. Overseas construction projects tend to have various risk factors that can diminish project profitability. This paper provides a comprehensive hierarchical framework to investigate the cause-and-effect relationships of various profit-influencing factors for international construction projects. After long-term profitability trends are analyzed based on a total of 3,487 international projects performed by Korean global contractors during the last 4 decades, case surveys of 126 overseas projects are conducted to draw the criticalities of each factor and to develop a hierarchical framework. An in-depth comparative case study of 20 additional international projects is also performed to verify the applicability of the hierarchical framework. Finally, we present significant distinctions between successful and failed projects from the comparative case study.
| Original language | English |
|---|---|
| Pages (from-to) | 932-943 |
| Number of pages | 12 |
| Journal | Journal of Construction Engineering and Management |
| Volume | 133 |
| Issue number | 12 |
| DOIs | |
| Publication status | Published - 2007 Nov 23 |
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All Science Journal Classification (ASJC) codes
- Civil and Structural Engineering
- Building and Construction
- Industrial relations
- Strategy and Management
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Causes of bad profit in overseas construction projects. / Han, Seung Heon; Park, Sang H.; Kim, Du Y.; Kim, Hyoungkwan; Kang, Yun W.
In: Journal of Construction Engineering and Management, Vol. 133, No. 12, 23.11.2007, p. 932-943.Research output: Contribution to journal › Article
TY - JOUR
T1 - Causes of bad profit in overseas construction projects
AU - Han, Seung Heon
AU - Park, Sang H.
AU - Kim, Du Y.
AU - Kim, Hyoungkwan
AU - Kang, Yun W.
PY - 2007/11/23
Y1 - 2007/11/23
N2 - International construction projects do not necessarily produce a high level of profit, as opposed to what is generally expected of high-risk international attempts. Overseas construction projects tend to have various risk factors that can diminish project profitability. This paper provides a comprehensive hierarchical framework to investigate the cause-and-effect relationships of various profit-influencing factors for international construction projects. After long-term profitability trends are analyzed based on a total of 3,487 international projects performed by Korean global contractors during the last 4 decades, case surveys of 126 overseas projects are conducted to draw the criticalities of each factor and to develop a hierarchical framework. An in-depth comparative case study of 20 additional international projects is also performed to verify the applicability of the hierarchical framework. Finally, we present significant distinctions between successful and failed projects from the comparative case study.
AB - International construction projects do not necessarily produce a high level of profit, as opposed to what is generally expected of high-risk international attempts. Overseas construction projects tend to have various risk factors that can diminish project profitability. This paper provides a comprehensive hierarchical framework to investigate the cause-and-effect relationships of various profit-influencing factors for international construction projects. After long-term profitability trends are analyzed based on a total of 3,487 international projects performed by Korean global contractors during the last 4 decades, case surveys of 126 overseas projects are conducted to draw the criticalities of each factor and to develop a hierarchical framework. An in-depth comparative case study of 20 additional international projects is also performed to verify the applicability of the hierarchical framework. Finally, we present significant distinctions between successful and failed projects from the comparative case study.
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U2 - 10.1061/(ASCE)0733-9364(2007)133:12(932)
DO - 10.1061/(ASCE)0733-9364(2007)133:12(932)
M3 - Article
VL - 133
SP - 932
EP - 943
JO - Journal of Construction Engineering and Management - ASCE
JF - Journal of Construction Engineering and Management - ASCE
SN - 0733-9364
IS - 12
ER -