THE MODERATING EFFECT OF PROJECT RISK RESPONSE-RELATED MEASURES ON THE RELATIONSHIP BETWEEN PROJECT-RELATED DELAY FACTORS AND CONSTRUCTION PROJECT PERFORMANCE

Abstract

Purpose of the study: This conceptual paper is based on a review of delay issues, risk response management and project performance in the Malaysian construction industry. The study also involved the evaluation of latent relationships among project-related delay factors, project risk response-related measures and project performance in terms of time and cost. Methodology: Literature in light of recent studies was reviewed and a thematic review approach was also conducted. The themes summarized delay issues, risk response measures, and project performance. Subsequently, the synthesized literature review aided the development of the conceptual framework for the delay mitigation model. Main Findings: The authors presented a model where project-related delay factors have a negative effect on project performance, project risk response-related measures have a positive effect on project performance and project risk response-related measures positively moderate the relationship between project-related delay factors and project performance. Applications of this study: This study will enable the construction practitioners to understand better ways to mitigate delay issues in the construction industry. Novelty/Originality of this study: This work offers a conceptual perspective on the enhancement of project performance in terms of cost and time by addressing the issues of project delay factors managed using project risk response-related measures.