Development of a technique to monitor investment performance: case study of Our Lady of Grace projects in Manponteng, Ashanti
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Date
2021-07-05
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Abstract
A case study research was conducted to develop a technique to monitor investment
performance in the construction industry, due to the short fall of the existing techniques
to detect high price, high budget, and cost inflated projects. The study follows a
pragmatic research philosophy approach to allow the positivist and interpretivism mixed
method strategy for quantitative and qualitative analysis for deduction and induction
development of a technique to monitor investment performance to ensure value for
money. The primary and secondary data was in need where a questionnaire was used to
collect primary data and our lady of grace senior high school physical infrastructural
projects was used as a secondary data. The first objective was to search for techniques
available in the literature to avoid duplication of theories; the respondent accepted thirtyseven theories as techniques. The second objective was to identify the components of
value for money on the pricing of physical infrastructure projects and minor components
was identified under the three major components, economic, efficiency and
effectiveness. Third objective was to identify what goes into market value and earned
value when monitoring the cost performance and eleven variables identified. Finally, a
technique for monitoring investment performance (FT-MIP) was developed and tested,
based on the policy documents of Our Lady of Grace Senior High School infrastructural
projects. The technique (FT-MIP) is used to one; determine value for money in physical
infrastructural projects. Two, identify high price, high budget, cost inflated projects.
Finally, it is used to determine performance of a physical infrastructural investment. In
conclusion, FT-MIP follows three steps; the FIT-MIP framework, testing, and
validation. The researcher recommend: first, the investors in the construction industry
are encouraged to use the technique to monitor their investment, to guarantee total value
for money on all their investments. Second, call for further studies to identify the
strength and weakness in the application of frank technique for monitoring investment
performance (FT-MIP).
Description
A thesis submitted to the Department of Construction Technology and Management, College of Art and Built Environment
in partial fulfilment of the requirements for the Award of
Master of Science.
Keywords
Investment, Performance, Market Value, Ghana