Analysis of Critical Project Success Factors—Sustainable Management of the Fast-Track Construction Industry

Abstract

Fast-track construction has recently become the prevailing construction approach globally. It enables owners and developers to make rapid returns on investment through shortened construction periods. This strategy has many effects on the industry; therefore, four groups of factors were studied in this project: (1) financial, (2) logistics and finance, (3) management, and (4) legal. A 22-question survey was distributed to 155 professionals in the construction industry, who evaluated the impact of the stated factors on a 5-point scale. The results revealed a high level of consistency determined through Cronbach’s alpha, and a positive correlation was found by Spearman’s rank coefficient. The Relative Importance Index was used to rank the factors based the evaluation by the professionals, resulting in the following impact ranking: (1) poor communication among design and construction teams, (2) large amounts of rework, (3) low quality of work by the contractor, (4) design errors, (5) late or insufficient payment according to terms agreed with the client, and (6) unavailability of materials in the market. By providing a quantitative RII model to evaluate fast-track project management performance with the use of corresponding performance indicators, this study will benefit industry practitioners and researchers as it identifies the most significant factors that impact fast-tract project management performance.