Development of financial management framework for industrialsed building system IBS project by using analytic hierarchy process AHP
<p>This study was aimed to develop financial management framework for Industrialised</p><p>Building System (IBS) project through incorporation criteria which employed Analytic Hierarchy</p><p>Process (AHP) based on adaptation from...
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| Format: | thesis |
| Language: | eng |
| Published: |
2019
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| Subjects: | |
| Online Access: | https://ir.upsi.edu.my/detailsg.php?det=8599 |
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| Summary: | <p>This study was aimed to develop financial management framework for Industrialised</p><p>Building System (IBS) project through incorporation criteria which employed Analytic Hierarchy</p><p>Process (AHP) based on adaptation from Saatys rule of thumb. The study also analysed the payment</p><p>issue of IBS project and factors influencing it. The criteria in the new payment method for IBS</p><p>project was also studied. The research design in this study was survey method. The research</p><p>instruments were survey questionnaire, interview protocol and focus groups. A sample of 172</p><p>respondents from 43 IBS projects in Klang Valley from the year 2008 until 2015 were selected using</p><p>the cluster sampling. Majority of IBS projects were saturated in Klang Valley. Data were analysed</p><p>using descriptive statistics which are mean and standard deviation to rank the payment issues and</p><p>Analytic Hierarchy Process (AHP) to select the criteria for IBS project in the development of</p><p>financial management framework. Cronbachs alpha had been undertaken to validate the instrument</p><p>with value of 0.881. Based on weightage of importance, the main criteria for the development of</p><p>financial framework for IBS project showed that the main key criteria are Material (31.0) followed</p><p>by Initial Cost (27.4), Contract Document (25.3) and Drawing and Design Matters (25.1) while for</p><p>the sub-criteria is the advance payment for initial stage (22.9). In conclusion, the most critical</p><p>criteria to take into consideration in new payment method is in terms of Material and Initial Cost.</p><p>The implication of the research is the financial management framework proposed can be used by the</p><p>industry players to resolve the payment issue in IBS project. The study also implicates that</p><p>tackling the main issues of payment of IBS project may assist the government and relevant parties</p><p>especially in the early stage of construction due to huge capital investment.</p><p></p> |
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