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Title: Benchmarking the performance of design-build projects : development of project success index
Authors: Lam, EWM
Chan, APC 
Chan, DWM 
Issue Date: 2007
Source: Benchmarking, 2007, v. 14, no. 5, p. 624-638
Abstract: Purpose - The paper aims to develop a project success index (PSI) to benchmark the performance of design-build projects from a number of key performance indicators (KPIs). Design/methodology/approach - This research collected 92 responses from Design and Build (D&B) project participants of the Hong Kong construction industry via ordinary postal mail. In addition, a project success equation is formulated from the principal components analysis. Findings - D&B project participants suggests that time, cost, quality and functionality should be the principal success criteria for D&B projects. A single index can also be computed from the project success equation to apply different weightings to the respective KPI with different significance. Practical implications - The concept of success remains vague among project participants, which makes it difficult to assess whether the performance of a project is a success or failure. The development of PSI can quantify the success concept in a scientific manner. Originality/value - PSI indicates the success level of a construction project for benchmarking purposes. It also enables project stakeholders to measure the success of a D&B project and to compare the relative success level among different D&B projects in a scientific manner.
Keywords: Benchmarking
Construction industry
Critical success factors
Hong Kong
Project management
Publisher: Emerald Group Publishing Limited
Journal: Benchmarking 
ISSN: 1463-5771
EISSN: 1758-4094
DOI: 10.1108/14635770710819290
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