Insights from the Analysis of the Questionnaires

Jimoh Ibrahim (), Christoph Loch () and Kishore Sengupta ()
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Jimoh Ibrahim: University of Cambridge
Kishore Sengupta: University of Cambridge

Chapter 5 in How Megaprojects Are Damaging Nigeria and How to Fix It, 2022, pp 93-128 from Springer

Abstract: Abstract This chapter presents the statistical (econometric) identification of the most important success drivers of the projects in the sample. The chapter first compresses the 41 questionnaire variables (which contain duplication for robustness sake) into 5 success factors. Then, regressions identify which success factors drive the probability of project completion and which factors drive budget and schedule overruns (for the completed projects). The economic levers are huge—the regressions identify that moderately improving the success factors can double completion chances and save hundreds of millions of dollars. The role of corruption becomes apparent: not only does it depress completion chances and inflate the budgets, but it also compromises the effectiveness of the other success factors.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-96474-0_5

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DOI: 10.1007/978-3-030-96474-0_5

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