DELAYS OF CONSTRUCTION PROJECTS – THE TRADITIONAL WAY OR THE HYBRID WAY?

Rinat Grinberg () and Valentin Niå¢ä‚ ()
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Rinat Grinberg: Alexandru Ioan Cuza University of Iasi, Doctoral School of Economics and Business Administration, Iasi, Romania
Valentin Niå¢ä‚: Alexandru Ioan Cuza University of IaÅŸi, Faculty of Economics and Business Administration, Iasi, Romania

Review of Economic and Business Studies, 2022, issue 29, 87-98

Abstract: Construction projects are a main economic catalysator and motivation for most developing countries. However, many infrastructure projects experience extensive schedule delays in their process. Unexpected increases in budget and schedule delays have become an integral part of construction projects in Israel and worldwide. At any given moment, millions of projects worldwide have one thing in common - the wish to succeed. A successful construction project meets its time, budget, and quality goals. Numerous comprehensive studies have found that about a quarter to a third of the projects fails, while the remainder range from failure to success (Powell-Smith and Stephenson 1989). This paper, a working paper for a doctoral thesis, examines studies done in this area and suggests a new hybrid methodology of compliance with the schedules at construction project sites. Despite introducing changes in the characteristics of the project during the planning and execution stages in a VUCA world, complex and uncertain environments during construction projects can lead to schedule delays.

Keywords: business management; project management; construction industry; changing reality; organizations change (search for similar items in EconPapers)
JEL-codes: L23 L74 O22 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:aic:revebs:y:2022:j:29:grinbergr

DOI: 10.47743/rebs-2022-1-0005

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