PROJECT COST ESTIMATION AND PERFORMANCE OF SPORTS STADIA CONSTRUCTION PROJECTS IN KENYA

John Kimotho, Dr. Muchelule Yusuf, Dr. Samson Nyang'au

Abstract


Globally, implementing projects not only in the sporting sector has been theoretically, empirically and practically been seen to significantly turn things positively around for the betterment of the social and economic welfare of the citizens. Governments have opted to invest and finance refurbishment and building of the infrastructure necessary aiming to win the bid to host the events. The study sought to study Project Cost Estimation and on performance of sports stadia construction projects in Kenya. This study was anchored on the Planning fallacy theory. The current study adopted a cross sectional survey design targeting sports stadia in Kenya. The study targeted the 17 stadia projects as the unit of analysis and the unit of observation was the project consultants, county project administrators and Sports Kenya representatives involved in the 17 stadia projects. The study found strong positive correlation (r = .662, p = .000) with performance of sports stadia project in Kenya. The study also found project cost estimation explained .439 performance of sports stadia projects. The regression model established that .648 of project cost estimation is needed for a unit of performance in sports stadia projects in Kenya. The study also found that Project Cost estimation influence performance of by .662. The regression analysis also found a direct positive relationship between Project Cost Estimation and performance of sports stadia projects in Kenya. The study recommended that a thorough and periodic project cost estimation of the sports stadia projects. The study will be useful to scholars, both County and National Government, policy makers and project practitioners.

Key Words: Project Cost Estimation, Project Performance, Sports Stadia projects


Full Text:

PDF

References


Al-Hazim, N., Salem, Z., & Ahmad, H. (2017). Delay and Cost Overrun in Infrastructure Projects in Jordan. Procedia Engineering, 182, 18-24. Retrieved from http://dx.doi.org/10.1016/j.proeng.2017.03.105

Baloyi, L., & Bekker, M. (2011). Causes of construction cost and time overruns: The 2010 FIFA World Cup stadia in South Africa. Acta Structilia, 18(1), 51-67.

Cantarelli, C., van Wee, B., Molin, E. J., & Flyvbjerg, B. (2012). Different cost performance: different determinants? Transport Policy, 22, 88-95.

Chang, W., & Xue, C. Q. (2019). Towards international: China-aided stadiums in the developing World. Frontiers of Architectural Research, 8(4), 604-619.

Corrie, J. (2016). Project Estimation Methods. Retrieved 04 2022, from precursive.com: https://precursive.com/blog/project-estimation-methods

Dusan , A., & Jugoslav, A. (2019). Cost management concept and project evaluation methods. Journal of Process Management – New Technologies, International, 34-50.

Egboga, I., Daniel, C. O., & Abubakar, H. L. (2022). 'Effect of cost estimation on project performance in construction firms in Abuja'. Turkish Online Journal of Qualitative Inquiry, 13(1), 1052-1063.

Enshassi, A., Mohamed, S., & & Madi, I. (2015). Factors affecting accuracy of cost estimation of building contracts in the Gaza Strip. Journal of Financial Management of Property and Construction., 191-208.

Franklin, J. M., & Cristina, D. P. (2015). 'Project management success: A bibliometric analysis'. Revista De Gestão e Projetos, 6(1), 28-44.

Greenberg, M. J., & MacMillan, D. (2018). 'Cost Overruns and Sports Venue Construction'. The law of offices of Martin J. Greenberg.

Hatamleh, M. T., Hiyassat, M., Sweis, G. J., & & Sweis, R. J. (2018). Factors affecting the accuracy of cost estimate: case of Jordan. Engineering, Construction and Architectural Management.

International Trade Administration. (2020, August). China Sports Facility Design and construction. Retrieved 2022, from trade.gov: https://www.trade.gov/market-inteligence/china-sports-facility design-and construction.

Joslin, R., & Müller, R. (2016). 'The relationship between project governance and project success'. International journal of project management, 34, 613-626.

Kerzner, H. (2017). Project Management: A systems approach to planning, scheduling, and controlling (10th ed.). New Jersey: John Wiley & Sons, Inc.

Lester, A. (2017). Project Management, Planning and Control: Managing Engineering, Construction and Manufacturing Projects to PMI,APM and BSI Standards (7th ed.). Oxford OX5 1GB, United Kingdom: Elsevier Ltd.

Miri, M., & Khaksefidi, M. (2015). Cost management in construction projects: rework and its effects. Mediterranean Journal of Social Sciences, 6(6), 201-209.

Mutiso, R., & Paul, S. N. (2021). Project Cost Management And Successful Implementation Of Machakos County Government Funded Water Projects Kenya. International Journal of Innovative Development and Policy Studies, 9(4), 1-18.

National Assembly. (2020). Report on the inquiry into the status of staduims in Kenya. departmental comitee on sports, culture and tourism. Nairobi: Republic of Kenya.

Omondi, E. B. (2010). effective Public Private Partnership model for refurbishment and management of a stadium facility. PHd thesis.

Parker, D. W., Parsons, N., & Isharyanto, F. (2015). 'Inclusion of strategic management theories to project management'. International Journal of Managing Projects in Business, 8, 552-573.

Pica, M., & Archibald, R. D. (2015). Project Lice cysle economics: Cost estimation, management and effectiveness in construction projects. Surrey, GU9 7PT England: Gower publishing limited.

PMI. (2017). A Guide to the Project Management Body of Knowledge: PMBOK Guide (6th ed.). Newtown Square, PA: Project Management Institute, Inc.

PMI. (2017). Guide to the Project Management Body of Knowledge PMBOK Guide 6th Edition. Newtown Square: Project Management Institute, Inc.

Rad, P. F. (2015). Proejct Estimating and cost management. Vienna, Virginia: Management concepts.

Riddell, T. (2016). Top 5 Issues Facing the Construction Industry in 2017. Retrieved 04 2022, from esub.com: https://esub.com/top-issues-facing-the-construction-industry-2017

Ronald , M. A., & Agung, M. (2018). Analysis of Project Cost Management and The Effect On Cost Overrun In Construction Projects. International Journal of Innovative Research in Science,Engineering and Technology, 8050.

Scheuchner, G. A. (2017). 'Strategies to promote IT project success'. Doctorial dissertations.

Shiner, L. (2013). Ten steps to building a more profitable construction business. Retrieved 04 2022, from sage.com: https://www.sage.com/na/~/media/DF6D71246E5847189C86D69C4C29DF53.pdf

Sridarran, P., Keraminiyage, K., & Herszon, L. (2017). 'Improving the cost estimates of complex projects in the project-based industries'. Built Environment Project and Asset Management, 7, 173-184.

Takim, R., & Adnan, H. (2018). 'Analysis of effectiveness measures of construction project success in Malaysia'. Asian Social Science, 4(7), 74-91.

Turner, J. R., & Xue, Y. (2018). 'On the success of megaprojects'. International Journal of Managing Projects in Business, 11, 783. doi:10.1108/IJMPB-06-2017-0062


Refbacks

  • There are currently no refbacks.