Time and Budget Overruns on Czech International Development Projects

Gabriela Dufková ()
Additional contact information
Gabriela Dufková: University of Economics in Prague, Faculty of International Relations, Department of World Economy

Journal of Economics / Ekonomicky casopis, 2022, vol. 70, issue 7-8, 622-645

Abstract: Projects are common means of implementing development co-operation. However, their success rate is a topic of numerous discussions as they are often delayed or delivered with increased costs. There are several reasons for this phenomenon, such as procurement issues, management issues, inadequate project design, and country specific causes e.g., inflation, corruption, natural environment etc. This study tries to establish what factors influence these overruns on projects funded by the Czech Republic and with the use of Pearson’s and Fisher’s tests suggests that financial results are affected by the type of implementing agency, developing country, type of financing, project size and project sector, while the schedule is influenced only by the project sector and size. Based on these results, a new risk factor matrix is introduced to determine how project management tools should be required on particular projects in order to increase their success rate.

Keywords: Czech development aid; international development projects; budget overrun; time overrun; Pearson’s Chi-square test (search for similar items in EconPapers)
JEL-codes: F35 F36 O22 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.sav.sk/journals/uploads/0113100707%2022%20Dufkov%C3%A1%20+%20SR.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sav:journl:v:70:y:2022:i:7-8:p:622-645

Access Statistics for this article

Journal of Economics / Ekonomicky casopis is currently edited by Tomas Jeck

More articles in Journal of Economics / Ekonomicky casopis from Institute of Economic Research, Slovak Academy of Sciences Contact information at EDIRC.
Bibliographic data for series maintained by Peter Renac ().