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Professionals' Perspectives On Project Management Actions And Project-related Factors Affecting Private Real Estate Projects Implementation Success In South East Nigeria

Ifediora, Christian Osita Egolum, C. C. Emoh, F. I.

Subject area: Science,Engineering and Technology  ·  Area of research: Real Estate Project Management

Abstract

The success of any private real estate projects to a large depends on the commitment and/or determination of the professionals involved as well as all the stakeholders to ensure that such real estate project is successful regarding implementation. The variable that makes up project management actions and project-related factors to a large extent affects its implementation success; this work identified those variables, through Mean Item Score (MIS), the study ranked the impact of these variables and the extent they affect private real estate projects success.From the findings of the research, it could be observed based on analysis done using Chi-square,there was a significant relationship between project management actions, project-related factors and private real estate project implementation success using SPSS. On the ranking, result of the findings indicated that ineffective/wrong coordination process, project financing, overall managerial actions and variation of the project plan and size of the project were top most as well as highly ranked variables that affect private real estate project implementation in the study area. Its? important to note that stakeholders should make concerted effort to ensure that all variable identified under project management actions and project-related factors are taken seriously in the handling implementation of any real estate project

Keywords

Factors, Professionals, Project management, Projects success and Real estate

References

[1] Babatunde, J. (2012). Real estate transactions: a modern approach to estate agency practice in Nigeria. Abuja: Jitoset Publishers limited.

[2] Brown, G., and Matysiak, G. (2000).Real estate investment: A capital market approach, (1 st ed.). London: Pearson Education Limited.

[3] Fummey, S. L. (2016). Studies on Exploring Critical Success Factors for Stakeholders Management in Construction Projects in Ghana. Master’s thesis, Kwame Nkrumah University of Science And Technology, Kumasi, Ghana.xiii+102 Retrieved, from http://hdl.handle.net/123456789/10526.August 31, 2018.

[4] Ifediora, C.O., Egolum, C.C. and Emoh, F.I. (2019).Conceptual framework on factors that constrain real estate projects implementation success in South East Nigeria. Global Journal of Advanced Research. 6(5), 202 – 209. Retrieved from http://gjar.org/publishpaper/vol6issue5/d911r3 1.pdf August 15th 2019.

[5] Jacobus, C. J. (2006). Real estate:an introduction to the profession (11 ed.). Atlanta USA: Oncourse Learning. IRE 1701631 ICONIC RESEARCH AND ENGINEERING JOU RNALS 82

[6] National Bureau of Statistics (NBS) (2015). Summary report 2010-2012, Nigeria Real Estate Sector – 2015 real estate outlook in Nigeria. Retrieved from http://nigerianstat.gov.ng/elibrary?queries[sear ch]=Nigerian%20Real%20Estate%20Sector September 2nd, 2018.

[7] Nwachukwu, C. C. (2016). Dimensions of real estate project management. Owerri, Nigeria: Gabtony Prints Ltd.

[8] Nwachukwu, C. C. and Emoh, F. I. (2011).Building construction project management success as a critical issue in real estate development and investment. American Journal of Social and Management Sciences, 2(1), 56-75. July 23, 2018.

[9] Nzekwe, J. U., Oladejo, E. I., and Emoh, F. I. (2015).Assessment of factors responsible for successful project implementation in Anambra state, Nigeria. Civil and Environmental Research, 7(8), 39-57. Retrieved from http://www.iiste.org/Journals/index.php/CER/a rticle/view/24639. June 1, 2018.

[10] Nzekwe, J. U., Oladejo, E. I. and Emoh, F. I. (2015).Project failure as a reoccurring issue in developing countries: focus on Anambra state, south east Nigeria. International Journal of Energy and Environmental Research, 3(3), 1- 20. Retrieved from http://www.eajournals.org/wp- content/uploads/Project-Failure-As-A- Reoccurring-Issue-In-Developing- Countries.pdf. June 1, 2018.

[11] PricewaterhouseCoopers (PwC), (2017). Emerging trends in real estate: the global outlook for 2017. Retrieved from https://www.pwc.com/gx/en/industries/financi al...real.../global-outlook-2017.html. June 1, 2018.

[12] PricewaterhouseCoopers (PwC), (2015). Real Estate: Building the future of Africa. Retrieved from https://www.pwc.co.za/en/publications/real- estate-building-the-future-of-africa- 2015.html.June 1, 2018.

[13] PricewaterhouseCoopers (PwC), (2014). Real Estate 2020: Building the future. Retrieved from https://www.pwc.com/sg/en/real- estate/assets/pwc-real-estate-2020-building- the-future.pdf. June 1, 2018.

[14] Scott, J. (2013). Project management guidebook and methodology. U.S: Patent 8,444,420.

[15] Udechukwu, C. E., and Olusola, O. J. (2016).Real property Management (3 rd ed.). Lagos: Chika Books and Prints.

How to cite this paper

Ifediora, Christian Osita, Egolum, C. C., Emoh, F. I. "Professionals' Perspectives On Project Management Actions And Project-related Factors Affecting Private Real Estate Projects Implementation Success In South East Nigeria" Iconic Research And Engineering Journals Volume 3 Issue 3 2019 Page 75-82
Ifediora, Christian Osita, Egolum, C. C., Emoh, F. I. "Professionals' Perspectives On Project Management Actions And Project-related Factors Affecting Private Real Estate Projects Implementation Success In South East Nigeria" Iconic Research And Engineering Journals, vol. 3, no. 3, Sep. 2019
Ifediora, Christian Osita, Egolum, C. C., Emoh, F. I. (2019). Professionals' Perspectives On Project Management Actions And Project-related Factors Affecting Private Real Estate Projects Implementation Success In South East Nigeria. Iconic Research And Engineering Journals, 3(3).
Ifediora, Christian Osita, Egolum, C. C., Emoh, F. I. "Professionals' Perspectives On Project Management Actions And Project-related Factors Affecting Private Real Estate Projects Implementation Success In South East Nigeria" Iconic Research And Engineering Journals, vol. 3, no. 3, Sep. 2019.
@article{1701631,
      author = {Ifediora, Christian Osita, Egolum, C. C., Emoh, F. I. },
      title = {Professionals' Perspectives On Project Management Actions And Project-related Factors Affecting Private Real Estate Projects Implementation Success In South East Nigeria},
      journal = {Iconic Research And Engineering Journals},
      year = {2019},
      volume = {3},
      number = {3},
      pages = {75-82},
      issn = {2456-8880},
      url = {https://www.irejournals.com/formatedpaper/1701631.pdf},
      abstract = {The success of any private real estate projects to a large depends on the commitment and/or determination of the professionals involved as well as all the stakeholders to ensure that such real estate project is successful regarding implementation. The variable that makes up project management actions and project-related factors to a large extent affects its implementation success; this work identified those variables, through Mean Item Score (MIS), the study ranked the impact of these variables and the extent they affect private real estate projects success.From the findings of the research, it could be observed based on analysis done using Chi-square,there was a significant relationship between project management actions, project-related factors and private real estate project implementation success using SPSS. On the ranking, result of the findings indicated that ineffective/wrong coordination process, project financing, overall managerial actions and variation of the project plan and size of the project were top most as well as highly ranked variables that affect private real estate project implementation in the study area. Its? important to note that stakeholders should make concerted effort to ensure that all variable identified under project management actions and project-related factors are taken seriously in the handling implementation of any real estate project},
      keywords = {Factors, Professionals, Project management, Projects success and Real estate},
      month = {September},
  }