Improving project management performance of large contractors using benchmarking approach

This paper presents how benchmarking approach can be applied to evaluate and improve the construction project management. A conceptual research framework was generally developed to perform a benchmarking study of the project management performance (PMP) from the contractor’s viewpoint. Three typical...

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Bibliographic Details
Published in:International journal of project management 2008-10, Vol.26 (7), p.758-769
Main Authors: Luu, Van Truong, Kim, Soo-Yong, Huynh, Tuan-Anh
Format: Article
Language:English
Subjects:
Benchmarking
Benchmarks
Business metrics
Construction
Construction companies
Contractors
Implementation
Key performance indicator (KPI)
Managing projects
Project evaluation
Project management
Studies
Vietnam
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Summary:This paper presents how benchmarking approach can be applied to evaluate and improve the construction project management. A conceptual research framework was generally developed to perform a benchmarking study of the project management performance (PMP) from the contractor’s viewpoint. Three typical large contractors are involved in this study to validate the research approach. The paper provided in nine key performance indicators (KPIs) which can be applied to measure PMP and evaluate potential contractors as well as their capacity by requesting these indices. The findings suggested that benchmarking approach can help construction firms to learn from the best practices of others and carry out continuous improvement. The research methodology has general use thus it may be applied to other contractors with minor modifications.
ISSN:0263-7863
1873-4634
DOI:10.1016/j.ijproman.2007.10.002