Dissertation UK Construction Joint Ventures

Effectiveness of UK Construction Joint Ventures

In recent years there has been an increase in UK construction companies forming Joint Ventures (JV) in order to compete for construction projects. JVs are an arrangement where companies combine their expertise, capital, property, skills and knowledge in order to execute a specific project. Despite the rise of Construction Joint Ventures (CJV), it has been reported that Joint Ventures are often problematic and result in disputes between the partners.

There is an abundance of research which focuses on different countries like China, Japan, and UAE, but there is very limited research that examines CJVs in the UK construction industry. This research aims to examine this CJV formation in the UK. It will identify the motives of UK companies forming Construction Joint Ventures, the reasons of failure, the factors of success. It also investigates the spike of UK CJV formation.

Initially, a literature review was carried out on the existing body of knowledge. Then a series of interviews were conducted with professionals that have been involved in different lengths with UK CJVs. The interview questions addressed all the aims and objectives of the research. Following an in-depth discussion of the literature and the data findings, it was revealed that the main motives that companies have to form a joint venture are to gain enough financial strength, exchange expertise, satisfy client needs, share risk and enter new geographical markets within the UK.

Construction Joint Ventures Dissertation
Construction Joint Ventures Dissertation

It was identified that the main risks of failure are choosing an unsuitable partner and inefficient collaboration. The study found that the spike of CJVs is due to the recession of 2008, the ‘Egan reports’ and client demand. The factors of success that were found are partners having common aims and objectives, clear procedures and being compatible with each other. In conclusion, the study provided an insight into the formation of CJV in the UK that did not exist previously.

Dissertation Objectives

  • Identify the motives of companies to form a CJV
  • Identify the risks and reasons of failure of CJVs
  • Investigate the increase of CJVs in the UK construction industry
  • Provide an updated account on factors of success of UK CJVs

Dissertation Contents

1 – Introduction
Aim
Objectives
Research Need
Research Method
Dissertation structure

2 – Literature Review
Definition of Joint ventures
Difference between JV and CJVs
Operation of CJVs
Motives to form Joint Ventures
Risks and reasons of failure of CJV
Determinant of Success
Factors of success of CJV in different industries
Differences between Industries
Common Trends throughout the Literature
CJVs in the UK industry

3 – Methodology
Quantitative research
Qualitative research
Comparison of types of research
Interviews
Interviewees Profile

4 – Data Analysis
Interview Responses

5 – Discussion
Key objective 1: Identify the motives of companies to form a CJV
Key objective 2: Identify the risks and reasons of failure of CJVs
Key objective 3: Investigation of increase of CJVs in the UK construction industry
Key objective 4: Provide an updated account on factors of success of UK CJVs

6 – Conclusions
Aim of the research
Research Objectives
Limitations
Recommendations

References

Appendix

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Construction Dissertation PMO Implementation

Achieving Successful PMO Implementation – Focus on Construction in the United Arab Emirates

PMO is described by PMI as the organization entity responsible for defining and maintain the project management application within organizations. PMO’s has been around for almost half a century however its added values to organizations is only recognized by the project management participants. This research aims to explore the types of PMO, its functions, PMO role in organizations, the added values, pitfalls, success factors and PMO success validation. Additionally it aims explore the PMO implementation requirements from resources, systems, steps and milestones in order to establish roadmap towards successful implementation of PMO.

This is done through reviewing the literature published in this regards, conduct field survey among diverse group of industry experts and interview subject matter experts. Upon completion of the steps mentioned above the research analyzed and compared the results to establish explore the common PMO attributes identified through the three steps and conclude the requirements of implementation, success factors that needs to be fortified, pitfalls and failure factors that needs to be avoided in order to conclude the guideline towards successful implementation of the PMO. Results are mapped in workflow identifying the key steps and implementation milestones following the PMI process group.

Construction Dissertation PMO Implementation
Construction Dissertation PMO Implementation

Dissertation Objectives

  • Validate the importance of PMO in organizations
  • Explore the various tasks and value added by PMO in organizations
    Assess PMO the challenges , pitfalls and success factors in implementing PMO
  • Establish a roadmap / guideline for successful PMO implementation

Dissertation Contents

1: Introduction
Preface
Research Aim
Research Structure
Research Proposal
Background and rational of the research
Aim
Objectives
Outlet research methods

2: Literature Review
PMO Definition
PMO Values & Implications on Organization
Impact of Organizations on PMO
PMO Tasks
Types of PMO
Project-Specific PMO / Project Office
Business Unit PMO / Basic PMO
Standard PMO / Support Office PMO
Enterprise PMO
Center of Excellence
PMO issues / pitfalls
Success Factors and Assessment
PMO in Public Administration Institution
PMO Establishment Requirements
Outsourcing PMO
PMO Post Implementation Transformation

3: Research Methodology
Research Methodologies
Data Collection approach
Desk study Research (Secondary Data Collection)
Research Methodology and Data Collection Selection
Survey
Interview

4: Data Analysis
Literature Review Findings
Field Survey Results
Field Results Summary
Interview Results
Results Comparison

5: Conclusion and Recommendations
Conclusion
Recommendations
Research limitation and future researches

References

Appendix
Survey Results
Interview Questions and Answers

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Life Cycle Costing Sustainable Construction

The Effectiveness of Life Cycle Costing in Sustainable Construction

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The UK construction industry is a fast pace and ever changing industry, with an increasing emphasise towards sustainability. As the public awareness of sustainability enhances the pressure on the construction industry to consider the concept progresses. Life cycle costing (LCC) is a technique that allows monetary evaluation of alternative investment or design options taking into consideration all of the life cycle costs associated with a building. The costs generally related to LCC are made up of capital expenditure (CapEx), operating expenditure (OpEx), which comprises of operational and maintenance (O&M) costs, general in-use costs and disposal costs. The outcome of the process assumes that a slight increase in CapEx can result in considerable savings over the life span of a building. A review of the literature, relevant to the research subject will introduce the key principles of LCC and investigate the limitations and barriers preventing further application of the process within the construction industry. The research will also explore the term ‘sustainable development’ in addition to the implementation of sustainable construction within the construction sector.

Life Cycle Costing Construction Dissertation
Life Cycle Costing Construction Dissertation

Further, the aim of the research is to identify the extent to which life cycle costing can be integrated into sustainable design to deliver sustainable construction. The data collection was conducted using a questionnaire, which was distributed among industry professionals and online social groups. The results from this were then used to draw conclusions and recommend any area of further research

Dissertation Objectives

  • To examine the extent to which LLC and sustainable design are being effectively utilised in the construction industry today
  • To investigate the methodology and limitations of LLC and identify why it is not used more broadly within the industry
  • To analyse whether life cycle costing can be used effectively for reducing the environmental impact of construction projects
  • To construct a set of recommendations and decisive conclusions to help support the use of life cycle costing as a tool for sustainability

Dissertation Contents – Life Cycle Costing

1 – Introduction
Background
Rationale
Hypothesis
Aims and objectives
Structure

2 – Sustainability in the Construction Industry
Sustainability information
Importance of sustainability in construction
Demand for green construction

3 – Legislation
Regulation and Initiatives
Zero Carbon Homes for 2016
Sustainability assessment methods

4 – Costs
Substantiating the Economy
Capital Costs
Whole Life Costs
Resale Cost and Value
Reducing Costs

5 – Research Methodology
Methods of research
Qualitative methods
Case studies
Other methods
Quantitative methods
Surveys
Other methods
Triangulation of methods

6 – Survey
Analysis of Responses
General identifying questions
Questions on legislation
The cost of sustainability
Innovative versus traditional methods of construction

7 – Conclusions and Recommendations
Limitations
Conclusions
Aim and Objectives
Recommendations for further research

References

Appendix

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Innovation Management UK Construction

How Innovative is the UK Construction Industry?

Title: Innovation Management in the UK Construction Industry. The contemporary built environment increasingly calls for the incorporation of innovation in the agenda of Architecture, Engineering and Construction (AEC) organisations. Being widely recognized for its vital contribution to achieve a competitive advantage, innovation is perceived as the backbone to secure survival in the dynamic construction market. However, a contradiction is created when the necessity for the construction industry to innovate meets the distinctive elements of the industry’s own nature characterized by a temporary, adversarial and fragmented culture.

Innovation Management

This is the point where the need to face innovation with a conscious and well-integrated approach is revealed. Therefore, the present work aims to discuss how AEC organisations adopt innovation management at the organisational level, where organisational variables and management interventions affect its integration in the business, and to further provide suggestions for its wider promotion in the construction industry. The research carries out an extensive literature review and a series of interviews for the elicitation of empirical data, involving professionals closely related to construction innovation.

Innovation Management UK Construction Industry
Innovation Management UK Construction Industry

The findings revolve around the examination of the construction-tailored concept and context of innovation and proceed to the investigation of the organizational dimension represented by strategies and techniques, as they are suggested by the literature and actually embraced by the interviewed construction firms. The synthesis of the innovation management interventions enable their suggestion to AEC companies, provided that they are critically assessed to their individual needs and capabilities. Consequently, this study can be a useful instrument for organisations that wish to contribute to promoting innovation in the construction industry.

Dissertation Aim and Objectives

The aim of this research is to discuss how AEC organisations adopt innovation management in the contemporary built environment and provide recommendation in order to promote and integrate innovation in the construction industry. In order to achieve the stated aim the following objectives are set:

  • Examine the current state of innovation in UK construction
  • Explore the role of innovation management and the organisational dimension of innovation in construction industry
  • Investigate the approaches of AEC organisations to strategically and tactically promote innovation
  • Identify effective strategies and techniques and provide suggestions for the adoption of innovation management by AEC firms

Dissertation Contents

1 – Introduction
Rationale
Research Aim and Objectives
Research Methodology
Structure of the Dissertation

2 – The Concept and the Context of Innovation in Construction
Defining innovation
Innovation in construction
Influencing factors on construction innovation
The role of the client and manufacturers
The structure of production
Industry relationships
Regulations/Standards
Organisational resources
Innovation performance of the construction industry

3 – Innovation Management at Organisational Level in a Construction Firm
Innovation management in construction
Organisational variables and management interventions
The role of leadership
The organisational environment
The business environment
Management approaches

4 – Research Methodology
Research Approaches
Quantitative Research Method
Qualitative Research Method
Research method selection
Methods of data collection
Literature Review
Interview
Synthesis exercise

5 – Data Analysis and Discussion
Classification of results
Background of the sample
Definition of innovation
Perception of in-house innovation
Barriers to innovation
Strategic approach to innovation
Tactical approach to innovation
Role of the construction sector
Synthesis of the findings

6 – Conclusions, Recommendations and Further Research
Aim and objectives restated
Recommendations
Limitations
Further Research
Summary

References

Appendix
Interview Transcripts

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London Real Estate Dissertation

Investigation into the Impact of Government Regulation on the London Real Estate Market

Dissertation Title: Impact of Government Regulation on the London Real Estate Market. Persistent challenges in the UK’s and particularly London’s real estate market are commonly attributed to the inelastic supply of housing or shortage of housing. The resulting escalating nature of the property prices in London have however attracted a considerable amount of attention from policy makers. The presented research study builds on the existing body of research and critically examines seven specific policy measures designed to address the problems in the London’s real estate market. The examination relying on the descriptive as well as inferential (Pearson’s correlation test, multi-linear regression analysis) methods revealed that stamp duty rate and Get Britain Building represent particularly effective strategies, a combination of which can be used in the future to further stimulate the development of the London’s real estate market.

London Real Estate
London Real Estate

The main aim of the presented report is to critically examine the extent to which government actions affect the real estate market in London. For the purposes of this study, the main research aim can be broken down into the following set of interlinked research objectives:

  • To review regulatory measures and government initiatives in the period from 2000 to 2015 that influenced the real estate market in London
  • To examine the practical effects of specific government actions on the real estate market in London in terms of housing prices, housing supply, housing demand, availability of social housing and rent values
  • To evaluate the gap between intended and actual affects of particular government actions on the real estate market in London

London Real Estate Dissertation Contents

1. Introduction
Aim and Objectives
Rationale
Structure

2. Literature Review
Regulatory Measures and Housing Market
Trend Towards Homeownership
Affordable Housing
Characteristics of London Real Estate Market

3. Methodology
Research Strategy
Research Method
Data Collection
Data Analysis
Limitations

4. Results and Findings
Overview of Real Estate Market in London
Pearson’s Correlation Test
Multilinear Regression Analysis
Overview of Key Policy Measures
Stamp Duty Rate
Help to Buy
Localism Act
Get Britain Building
Social Housing Policies
Analysis of Impacts of Policy Measures on Real Estate Market in London
Stamp Duty Rate
Help to Buy
Localism Act
Get Britain Building
Social Housing Policies

5. Discussion

6. Conclusion
Practical Implications
Limitations
Further Research

References

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