Business Strategy and Capital Allocation Optimization Model for Practitioners

Jiang, Aiyin; Malek, Maged; ElSafty, Adel

doi:10.1061/(asce)me.1943-5479.0000033

Cited by 7 publications

(3 citation statements)

References 9 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Jiang et al (2011) emphasised the benefits to be gained through formulating a project's cash flow analysis. Cash flow forecasting is used in many industries as a form of budgeting and is an essential management tool for any organisation that seeks to make a profit.…”

Section: Cash Flow Forecastingmentioning

confidence: 99%

An Investigation on the Improvement of Construction Expenditure Forecasting

Ross

Dalton

Sertyeşilışık

2013

Journal of Civil Engineering and Management

View full text Add to dashboard Cite

This study aims to determine the accuracy of the cash flow models and to investigate if these models could be more accurate if they accounted for the potentially influential variables specific to individual construction projects. An analytical case study research strategy has been implemented in collecting data for the construction projects. The data collected has been tested against recognised models. Statistical analyses have been carried out on the data for the specified variables, culminating in the potential proposal of an improved model with respect to these identified variables. The results revealed that the independent variables (type of construction, procurement route and type of work) affect the cash flow forecast. The findings suggested that a model could be more accurate with the input of more job-specific variables and that Hudson's DHSS model is best suited to a construction project procured traditionally. Adopting the 'trial and error' approach, Hudson's DHSS model has been recognised as an accurate model that could be adapted slightly, through changing the parameter values. The clients and the contractors are the main beneficiaries approached for this study.

show abstract

Section: Cash Flow Forecastingmentioning

confidence: 99%

An Investigation on the Improvement of Construction Expenditure Forecasting

Ross

Dalton

Sertyeşilışık

2013

Journal of Civil Engineering and Management

View full text Add to dashboard Cite

show abstract

“…The importance of strategic management and planning for projects is highlighted in ( [53,119,120]). Strategy management balances constraints posed by resource allocations [121]. Therefore, organizations should assess their strategies for different business environment scenarios [122].…”

Section: Strategy Managementmentioning

confidence: 99%

Perspectives on the Capabilities for the Selection of Strategic Projects

2020

View full text Add to dashboard Cite

Strategic projects are large scale, complex, and require significant investments and resources. These projects aim at gaining long-term social and economic benefits. Therefore, organizations focusing on strategic projects should use a consistent approach that suits their strategy, capability, and long-term expectations. Based on the four research questions and content analysis of the literature, generic processes used for the strategic project selection in tandem with the managerial capabilities are identified in this paper. The generic processes and managerial capabilities are used to develop a generic framework for strategic project selection. The framework is used for literature analysis in the paper. The review shows that both qualitative and quantitative methods are used for strategic project selection. Some possible research directions have also been proposed at the end of the review. The paper provides value to both researchers and practitioners in terms of tools available and a guidance on project selection through a structured process framework.

show abstract

“…In addition, a sound financial management system is a must for surviving in the market especially when the market takes a downward turn. Therefore, a company's financial management skills may help the companies to achieve business strategies (Jiang et al 2011).…”

Section: Resource Managementmentioning

confidence: 99%

Alignment of Project Management With Business Strategy in Construction: Evidence From the Turkish Contractors

Budayan

Dikmen

Birgönül

2014

Journal of Civil Engineering and Management

View full text Add to dashboard Cite

The importance of fit between an organization’s implementation of project management (PM), and its business level strategy is emphasized in the literature. However, there are a limited number of studies investigating the relationship between business level strategy and implementation of PM in the construction industry. This paper aligns one of the business strategies, namely differentiation, with the PM process. A framework representing differentiation in the construction industry is proposed in this study. Structural equation modelling (SEM) is used to validate the relationship between differentiation and the PM process. The results show that a relationship between differentiation strategy and PM exists. The two types of differentiation are revealed, namely “product variety and speed-related differentiation” (PSD) and “quality and image-related differentiation” (QID). The companies trying to differentiate based on PSD should focus on cost, time and quality management. Change management and project planning are identified as important drivers of differentiation based on PSD. On the other hand, the companies trying to differentiate on QID should consider health, safety and environmental issues as well as quality. Companies should also manage their resources effectively to support the PM process that in turn leads to successful differentiation. Companies can utilize the research findings as a guideline while formulating their differentiation strategies.

show abstract

Business Strategy and Capital Allocation Optimization Model for Practitioners

Cited by 7 publications

References 9 publications

An Investigation on the Improvement of Construction Expenditure Forecasting

An Investigation on the Improvement of Construction Expenditure Forecasting

Perspectives on the Capabilities for the Selection of Strategic Projects

Alignment of Project Management With Business Strategy in Construction: Evidence From the Turkish Contractors

Contact Info

Product

Resources

About