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Abdullahi, U, Bustani, S A, Hassan, A and Rotimi, F E (2019) Assessing quality management practice in Nigerian construction industry. Journal of Construction Business and Management, 3(2), 17-25.
Ajayi, O O, Koleoso, H, Ajayi, M and Faremi, O (2019) Maintenance performance of prison facilities in southwestern Nigeria. Journal of Construction Business and Management, 3(2), 26-34.
Akinwale, A A and Olusanya, O A (2020) Influence of subcontracting processes on wages and workloads in the building construction industry in Nigeria. Journal of Construction Business and Management, 4(2), 1-10.
Alade, K, Oyebade, A and Nzewi, N (2018) Assessment of the use of locally available materials for building construction in Ado-Ekiti, Nigeria. Journal of Construction Business and Management, 2(2), 36-41.
Ameh, O J and Daniel, E I (2017) Human resource management in the Nigerian construction firms: practices and challenges. Journal of Construction Business and Management, 1(2), 47-54.
Amoo, O, Lukman, Y and Musa, N (2022) Dispute resolution methods adopted by contractors during COVID-19 in Eastern Cape South Africa: A case study. Journal of Construction Business and Management, 5(2), 54-67.
Dada, J O (2018) A career path framework for quantity surveyors in Nigeria private practice. Journal of Construction Business and Management, 2(2), 15-23.
Danku, J C (2020) Exploring the concept of social licence in the construction industry of a developing country. Journal of Construction Business and Management, 4(2), 25-33.
Dosumu, O, Idoro, G and Onukwube, H (2017) Causes of errors in construction contract documents in Southwestern, Nigeria. Journal of Construction Business and Management, 1(2), 11-23.
Joseph Oladiran, O and Rogers Simeon, D (2023) Consciousness and prospects of autoclaved aerated concrete (AAC) blocks for wall construction: Comparative study Nigeria and South Africa. Journal of Construction Business and Management, 6(2), 1-10.
Leo-olagbaye, F and Odeyinka, H A (2018) Evaluation of risk factors and their impact on road projects. Journal of Construction Business and Management, 2(2), 24-35.
Lowe, J (2023) Technical and organisational change in UK construction. Journal of Construction Business and Management, 6(2), 50-61.
Manchidi, T E and Rwelamila, P D (2019) A state legitimation approach of reserved built environment professional work: A case for South Africa – part 1. Journal of Construction Business and Management, 3(2), 35-48.
Maniar, H (2020) Contingency management in Indian construction projects. Journal of Construction Business and Management, 4(2), 11-24.
Nkeleme, E I, Mbamali, I and Shakantu, W (2022) A measure of combustion-generated pollutants in university laboratories and their effects on the indoor air quality. Journal of Construction Business and Management, 5(2), 44-53.
Nyakala, S, Pretorius, J and Vermeulen, A (2020) Construction quality process implementation as a source of competitive advantage in small and medium-sized construction projects. Journal of Construction Business and Management, 4(2), 46-54.
Ogbu, C P (2017) Building quality condition and maintenance cost: the case of public low income housing in Abia Sate, Nigeria. Journal of Construction Business and Management, 1(2), 24-34.
Ogbu, C P and Olatunde, N (2019) Relationship between organisational effectiveness and project performance of sme contractors: A developing country perspective. Journal of Construction Business and Management, 3(2), 1-16.
Ogunseiju, O, Odeyinka, H A and Yusuf, A O (2023) Usage of building information modelling in quantity surveying firms in Nigeria. Journal of Construction Business and Management, 6(2), 27-37.
Okoro, C S and Musonda, I (2017) Establishing underlying structures of safety performance measures using factor analysis of data on construction workers in Gauteng, South Africa. Journal of Construction Business and Management, 1(2), 55-64.
Oladokun, T T and Komolafe, M O (2017) Drivers of rural housing development in Edo State, Nigeria. Journal of Construction Business and Management, 1(2), 35-46.
Olugboyega, O and Aina, O O (2018) Examination of the levels of development of building information models in the Nigerian construction industry. Journal of Construction Business and Management, 2(2), 1-14.
Omollo, W O (2019) Barriers to the effective regulation of the building construction industry: An empirical analysis. Journal of Construction Business and Management, 3(2), 49-58.
Onungwa, I O and Uduma-Olugu, N (2017) Building information modelling and collaboration in the Nigerian construction industry. Journal of Construction Business and Management, 1(2), 1-10.
Opawole, A, Alao, O O, Yusuf, A O, Adu, E T and Ofoetan, M A (2022) Evaluation of compliance of concreting materials to standards in building projects in Lagos State, Nigeria. Journal of Construction Business and Management, 5(2), 1-19.
Rambaruth, A, Adam, J K and Krishna, S B N (2022) Contributing elements and issues to strategic management in the construction industry among small and medium enterprises: A case study in South Africa's Ethekwini region. Journal of Construction Business and Management, 5(2), 20-8.
Renault, B Y, Agumba, J N and Ansary, N (2020) Correlation analysis between risk measurement and project success of small and medium contractors in gauteng, South Africa. Journal of Construction Business and Management, 4(2), 34-45.
- Type: Journal Article
- Keywords: contractor; correlation analysis; factor analysis; project success; questionnaire survey; risk management; small and medium-sized enterprises
- ISBN/ISSN: 2521-0165
- URL: https://journals.uct.ac.za/index.php/jcbm/article/view/884
- Abstract:
Risk measurement (RM) and construction project success (PS) are closely related. Preceding studies highlight the importance of RM in the management of risks without revealing its effect on PS. This study aims to determine the influence of RM on the PS of small and medium enterprises (SMEs). A positivist research design was applied using a survey questionnaire circulated to 181 respondents in Gauteng, South Africa (SA). Raw data analysed using inferential statistics extracted one-component solution and evinced statistical significance (ρ = 0.000-0.05) between RM and PS. In particular, results revealed that RM significantly influences PS of construction SMEs through delimiting the RM criteria to be adopted, establishing the level of acceptable risk and risk timeframe relevant to risk effect and risk likelihood. It is suggested that the management of SMEs and industry professionals involved in risk management should adopt RM for the management of their project risks to accomplish project objectives effectively. The study renders new empirical evidence of risk management factors that influence PS of SMEs in the context of SA. It remains to be seen whether the current finding could be replicated in other datasets. If indeed that is the case, then this article expands to the discourse and literature on RM of SMEs. However, the current findings cannot be generalised due to the restrictions pertaining to the geographical area and respondents.
Ssenyange, K and Kudakwashe, C (2023) The impact of leadership styles on government construction project success: A structural equation modeling approach. Journal of Construction Business and Management, 6(2), 11-26.
Taofeeq, D M and Adeleke, A Q (2019) Factor's influencing contractors risk attitude in the Malaysian construction industry. Journal of Construction Business and Management, 3(2), 59-67.
Tiew, S Y, Hashim, H A and Zolkafli, U K B (2022) Performance barriers in relation with professional development of graduate architects in construction industry: A systematic literature review. Journal of Construction Business and Management, 5(2), 29-43.
Verwey, J, Cumberlege, R and Crafford, G J (2023) Exploring the interplay between quantity surveyors’ conflict-handling styles and personality traits. Journal of Construction Business and Management, 6(2), 38-49.
Windapo, A, Moghayedi, A, Oliphant, D and Adediran, A (2018) Exploring the components of cost on construction projects. Journal of Construction Business and Management, 2(2), 42-50.