Project Life Cycle in Property Development Business: A Case Study of Construction Company
Verified
Added on 2023/04/23
|57
|10974
|186
AI Summary
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Running head: PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS AnInvestigation into Project Life Cycle in Property Development Business: A Case Study of Construction Company Name of the Student: Name of the University:
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
1PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS Abstract The project lifecycle has employed into the management of the construction projects in order to reduce entire project cost, moment, and risk as well as get better services to the project owners. Due to lack of efficient information sharing platform, project lifecycle into the construction projects are used effectively for tracking the project plan and getting profitability into the business operations. Effective implementation of project lifecycle into the construction projects are relied on visual communication as well as collaboration on the information platform. Due to increase in complexity of the project, great deal of information is required. The construction project lifecycle is developed as business approach to manage products as well as services. As a result, the phases of project lifecycle are initiating, planning, implementing and closure. In this study, the data are collected through using mixed data analysis approach where quantitative data is analyzed by statistical form and qualitative data is analyzed through interview data analysis. The findings of this study are that project lifecycle is a required process into the construction industry for project success. Keywords:Project lifecycle, construction, collaboration, communication, collaboration.
2PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS ACKNOWLEDGEMENT Conducting this research has been one of the most enriching experiences of my life. The contribution of this research to enhance my knowledge base and analytical skill has been paramount. It gave me the opportunity to face challenges in the process and overcome them. This would not have been possible without the valuable guidance of my professors, peers and all the people who have contributed to this enriching experience. I would like to take this opportunity to thank my supervisor ----------------------- for the constant guidance and support provided to me during the process of this research. It would not be justified if I did not thank my academic guides for their important and valuable assistance and encouragement throughout the research process.Iwouldalsoliketothankmyfriendswhohadprovidedmewithhelpand encouragement for collecting primary data and valuable resources. Finally, I would like to thank the professionals from the construction industry who have participated in the research survey and provided with valuable inputs into the subject. The support of all these people has been inspiring and enlightening throughout the process of research in the subject. Heartfelt thanks and warmest wishes, Yours Sincerely,
3PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS Table of Contents Chapter 1: Introduction....................................................................................................................8 1.1 Background of the study........................................................................................................8 1.2 Aim of the study....................................................................................................................8 1.3 Objectives of the study..........................................................................................................8 1.4 Research questions.................................................................................................................9 1.5 Problem statement.................................................................................................................9 1.6 Rationale of the study............................................................................................................9 1.7 Chapter summary.................................................................................................................10 Chapter 2: Literature Review.........................................................................................................11 2.1 Introduction..........................................................................................................................11 2.2 Phases of project lifecycle in property development...........................................................11 2.3Research on construction management carried out contract in Middlesbrough and Teesside University..................................................................................................................................13 2.4 Benefits of project lifecycle in property development........................................................16 2.5 Project lifecycle model........................................................................................................17 2.6 Summary..............................................................................................................................17 Chapter 3: Research methodology.................................................................................................19 3.1 Introduction..........................................................................................................................19
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
4PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS 3.2 Research philosophy............................................................................................................19 3.3 Research approach...............................................................................................................20 3.4 Research Design..................................................................................................................21 3.5 Data collection procedure....................................................................................................22 3.5.1 Data Sources: Primary and secondary..........................................................................22 3.5.2 Data techniques: Qualitative and quantitative..............................................................23 3.6 Population and sampling......................................................................................................23 3.6.1 Sampling technique......................................................................................................23 3.6.2 Sample size...................................................................................................................24 3.7 Ethical consideration...........................................................................................................24 3.8 Research Limitation.............................................................................................................24 3.9 Research timeline.................................................................................................................25 Chapter 4: Data Analysis and Findings.........................................................................................26 4.1 Introduction..........................................................................................................................26 4.2 Quantitative data analysis....................................................................................................26 4.3 Qualitative data analysis......................................................................................................42 4.4 Discussion............................................................................................................................45 Chapter 5: Conclusion and Recommendations..............................................................................47 5.1 Conclusion...........................................................................................................................47 5.2 Linking with the objectives.................................................................................................47
5PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS 5.3 Recommendations................................................................................................................49 Chapter 6: Critical reflection on research process undertaken......................................................50 References......................................................................................................................................52
6PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS Table of Figures Figure 4.1: Gender.........................................................................................................................27 Figure 4.2: Age group of respondents...........................................................................................28 Figure 4.3: Role of the respondents...............................................................................................29 Figure 4.4: Experience of respondents..........................................................................................30 Figure 4.5: Project management practices.....................................................................................32 Figure 4.7: Monitor and control the project program and portfolio..............................................35 Figure 4.8: Documentation and controlling in property development..........................................36 Figure4.9: Improve environmental situations in construction project..........................................38 Figure 4.10: Create roadmap to organize and manage construction project.................................39 Figure4.11: Cost budgeting in project lifecycle...........................................................................41 Figure 4.12: Contract close out in project lifecycle.......................................................................42
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
7PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS Table of Tables Table 4.1: Gender..........................................................................................................................27 Table 4.2: Age group of respondents.............................................................................................28 Table 4.3: Role of the respondents................................................................................................29 Table 4.4: Experience of the respondents......................................................................................30 Table 4.5: Project management practices......................................................................................31 Table 4.6: Project management methods.......................................................................................33 Table 4.7: Monitor and control the project program and portfolio................................................34 Table 4.8: Documentation and controlling in property development............................................35 Table 4.9: Improve environmental situations in construction project...........................................37 Table 4.10: Create roadmap to organize and manage construction project...................................39 Table 4.11: Cost budgeting in project lifecycle.............................................................................40 Table 4.12: Contract close out in project lifecycle........................................................................41
8PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS Chapter 1: Introduction 1.1 Background of the study The paper is based on “Aninvestigation into project life cycle in property development business: A case study of any construction company”. The property development is considered as profitable business in Middlesbrough. The project work is examined how the project lifecycle is being implemented in the business with view on the property development company. Stark (2015) stated that enhancement of the project lifecycle boosts the construction industry for development over national as well as world economy.Onuoha, Aliagha and Rahman(2018) argued that purchase of constructed facility is a capital investment. Commitment of the project resources for construction investments is being stimulated by means of market demand plus real needs. 1.2 Aim of the study The aim of this research study is to investigate the project lifecycle for property development in the construction industry. A case study analysis is performed with comparison with the property developing companies. 1.3 Objectives of the study Following are the objectives of research study such as: To investigate research on project lifecycles in property development To research onpopular construction companies that have carried out recent contract around Middlesbrough and within Teesside University
9PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS To research on recent and current projects by price right properties 1.4 Research questions Following are the research questions based on which entire research studies are to be carried out such as: 1.How project lifecycle phases are used in property development business? 2.What are challenges of project lifecycle for development in the construction industry? 1.5 Problem statement The project lifecycle phases are consequences in the property development business when there is inadequate project scope. Then, it is critical to achieve of the construction project. One of the biggest causes of inadequate scope is rushing of time estimation. The property development encompasses activities which range from renovation as well as discharge of existing buildings to procure of land along with trade of land to others. In this case, if the project scope is not properly identified, then it leads to imperfect building and construction work. In the construction project, design errors plus constructability issues are raised before the construction, where the problems are occurred in process of construction. 1.6 Rationale of the study This research topic is selected as it presents factors which affect management of construction projects, features to manage complex project based on uncertainty at project lifecycle stages. This paper is based on improving quality of construction projects by using project lifecycle phases in property development. Relevance of the project lifecycle is beneficial for buildings construction will increase for the construction industry.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
10PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS 1.7 Chapter summary It is summarized that project lifecycle is employed in management of the construction projects in order to reduce lifecycle cost, schedule and improve the service to project owners. Owning to lack of effective information sharing platforms, the construction project is not successfullyused into the constructionindustry. The constructionproject managementis separated in planning, designing, construction and commissioning of work. Most of the design work is required to modify because of design errors and unfeasibility.
11PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS Chapter 2: Literature Review 2.1 Introduction This chapter is based on aninvestigation into project life cycle in property development business based on the case study of Construction Company.The project lifecycle is outlined the construction and technical work and defined the project deliverables which are necessary to finish the construction projects. The property development is most profitable businesses in Middlesbrough. The project is examined how the project life cycle is being implemented into the business with view on the property development company (Stark 2015). The paper is based on phases of the project lifecycle into the property development with reviewing a research on the construction companies which are carried out research around Middlesbrough and within Teesside University. The research work is carried out on the recent as well as current project by means of price right properties. 2.2 Phases of project lifecycle in property development Harrison and Lock (2017) stated that the project lifecycle is included project phases which are based on six phases of the project management lifecycle. The phases are organized based on the construction project as well as ensured that it can flow efficiently from staring to the project end. The phases are as follows: Requirements and analysis:This phase described the problems which are required to solve and project objectives. Kerzner and Kerzner (2017) discussed that the analysis of project work is being conducted to explore relationships among components of products and systems to meet with project requirements.
12PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS Architecture:This phase is identified elements which are included into the products and construction system. The architect can review the business requirements and based on this they can identify the solutions. Wilkinson, Sayce and Christensen (2015) argued that the project construction stakeholders can analyze options so that they can select effective solutions. The architect can define structure and layout of project report. Design:The design of the construction infrastructure is completed in two parts such as higher level in addition to detailed. Burns (2016) stated that high level design can explain how the components of products in addition to system will strictly work as well as interact with other components. A detailed design of construction work is provided with more details for each of the products. Project mobilization:The property owner can choose the project contractor and bid winner to complete the project tasks before commencement of the project work. Nechaev and Antipina (2016) determined that the contractor should determine work site layouts details like site security, structure placements, materials and construction equipments and then start the building work. Operation andconstruction:This phase is based on activity where the project team is developed code and builds the construction components. The property owner has outlined specifications in the project and they select outworkers throughout open bidding and choosing from handful of the builders to meet with construction criteria. Ungureanu, Pop, and Ungureanu (2016) stated that the contractors should review build specifications to determine job which is profitable. This project lifecycle phase is involved in task tracking, allocation of resources as well as control, recordkeeping plus communication. The contractor started the construction
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
13PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS project by secured the skilled labors, assigned the project tasks and ensured that materials are on- site to start the building work. Termination and closure:At the end of the building work, the contractor should finish various construction tasks before bringing the project by alerting the property owner on the completed structure. Françaet al.(2017) concluded that the contractor should complete the final clean up, finished the work and inspections at the final project stage. At completion of the project tasks, the constructor should prepare the final project documentation proved that the construction company should complete in agreed work and then secured the construction licenses. The contractor should provide owner with the blueprints to outline project changes from original plan. 2.3Research on construction management carried out contract in Middlesbrough and Teesside University Middlesbrough is larger post industrial town on south bank of River Tees, northeast England which was founded in the year 1830. It is a part of larger built up area of Teesside that had overall population of approximately 376,333. In Teesside University, the construction company BAM won multi-million pound contract for building a brand new and class teaching centre for the university.The £20m development is transformed centre of university campus which is presenting unrivalled recent and supple teaching facilities for the students in an innovative learning space plus technologies (Tees.ac.uk 2017). BAM Construction Company is accountable for Middlesbrough’s BoHo Centre that will carry facilities with impressive better rating plus stronger environmentally friendly features.
14PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS According to the Chief Operating Officer, this new development forTeesside University represented key significant investments for the students and communities. BAM Company is chosen for this construction project as the innovative approach of this construction company can offer top class solutions to deliver the project vision plus stronger importance on value for the money (Heizer, Render and Munson 2016). This construction project work is a real life example of Business Information Modelling (BIM) for the study groups. BAM Company encourages the local firms to involve throughout meeting the buyer’s events. The company is committed to involve the students as part of this project work and ensured that it is work experiences and also placement opportunities. The university looked familiar to work with the local companies plus students to make sure that constructing projects can benefit economy ofMiddlesbrough’s plus environment throughout construction and when it is completed. In this construction company, the purchase of the constructed facility is a key significant capital investment. The project owner is the individual and a private corporation as well as public agency. Due to commitment of the project resources for larger investment is being stimulated by the marketing demands plus real project requirements.Tukker and Tischner(2017) stated that the project requirements are in the constraints of the project owner plus appropriate policies and procedures.Antikainen and Valkokari(2016) argued that for this project management tasks, the project owner as well as project sponsor are same and they have ultimate power for making key important construction related decisions. The project owner has clear understanding of project acquisition processes for sustaining into the business firm to control quality, timeliness plus cost of the facility.Myers(2018) discussed that the construction project can meet with the market demands plus requirements on daily basis. At the conceptual planning phase, the construction possibilities are to be taken into considerations.
15PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS Schumpeter(2017) examined that the financial strategies for proposed options along with ideas are undergoing an examination where the programmed with respect to the completion time of project as well as based on availability of the cash flow. Once the scope of this construction project is defined, then throughout entire engineering design, it will make available blueprint for the construction as well as cost estimation will offer a project baseline for controlling the project cost.Joyce and Paquin(2016) discussed that planning and controlling in the procurement in addition to construction stage, delivery of raw materials in addition to project erection at the project site has required to be maintained. Once there is completion of the construction phase, the period of start up of build facility is to be occupied. At the end of the construction stage, the facility management is being turned over to the project landlord for occupancy until the facility can live out the project lifecycle.Kerzner(2018) verified that it is required to check durability of the building once the functionality is being started. When the construction of building is not showing any defects, before the period is particular, then it is chosen for destruction along with exchange.van Haasteret al.(2017) discussed that there is poor coordination as well as communication among the specialists which can result in wastage, excessive project costs as well as project delays. The project participants can engage into the project work with regards to the happiness of the project owners, at end, then the project owners those are offered the income in addition to made the project connected decisions.Weidemaet al.(2018) analyzed that the implementation of project owner’s viewpoints help the project participants to be focused on completion of this project. It will reduce concept of conveying decisions based on the past roles of the project specialists concerned into the project work.Tikhomirovet al.(2016) discussed that enhancement of the project management will
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
16PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS boost the construction industry in order to turn the project facilities for development nationwide as well as world wealth. 2.4 Benefits of project lifecycle in property development The project lifecycle is consisted of distinct project phases which are mentioned in 2.2 in this literature review chapter. Following are the benefits of project lifecycle which are described as below: Structured approach:Kühnen and Hahn(2017) stated that the project lifecycle is provided with structured approach for delivering the project work. It allows each of the project team members to identify how the project work is progressed.Clarke, O'Connor and Leavy (2016) argued that it will defined the project activities as well as outputs for each of the identified project phases. Communication:Antikainen and Valkokari(2016) discussed that in the project lifecycle it is required to defined the project roles with project organization and provides framework for the project which is visible by the project team members. The roles plus responsibilities of the project team members are being assigned as per the phases. Communication among the project team members help to understand what it should do in each phases. It makes people understand the business plan with level of the resource needs to prevent wastage of resources.Harrison and Lock(2017) stated that implementation phase can require this particular phase. Project phases:The project lifecycle allows the project manager to link with the project progress directly with the phases and completion of each phase (Nechaev and Antipina 2016). Definition stage can include construction of project management plan and risk management plan
17PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS where the implementation phase can cover construction of different components that can include the end products. 2.5 Project lifecycle model Weidemaet al.(2018) discussed that the construction project consists of various project phases that can form the lifecycle for each project phases. In early years for the development of the project management practices, it is easier to reassess each of the project phases to plan, plan and also handle the project work from starting to end of each project phases. The project manager has to resolve the issues throughout construction phase which could solve throughout design phase (Françaet al.2017). The cost of operating the construction work increased as the designers plus constructs should take short cut to lessen the cost in addition to raise the profits. The shot cut can increase cost of operating as well as maintaining the construction work. The purpose of project lifecycle models can design as well as document entire processes for the constructionproject.Itenablesthatthepersoncancreate,plan,executetheworkfor understanding the project phases (Tukker and Tischner 2017). The lifecycle can enable efficient project management application which can integrate with corporate information systems. 2.6 Summary It is concluded that the project lifecycle for property development is well documented which enables system thinking to create, plan, schedule as well as manage entire project throughout the project phases. The lifecycle started at a moment at the product can start to use and place in operations, therefore it can produce benefits which can justify the project at initial phase.Theconstructionindustrymakesimprovementsinthebusinessenvironmentplus institutionalconstraintswhich can affect the projectactivitiesplus nature of the project management. The project scope is achieved and identified when the project is closed out as well
18PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS as system operations phase is started. It is concluded that the project lifecycle is consisted series of the project stags regulated by the management decisions that can confirm that the system is matured to leave one stage as well as enter others project management stages.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
19PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS Chapter 3: Research methodology 3.1 Introduction This chapter defines the most appropriate research methodology that is required to conduct the chosen research topic-“an investigation into project life cycle in the property development businesses”. It has been determined that the property developmentbusinesses in Middlesbrough are gaining most amounts of commercial profit and competitive advantages from the market. The successful accomplishment of the research will examine the way through which property development companies can obtain commercial profit and competitive advantages as well(Kumar2019).Theresearchmethodologydefinesresearchphilosophy,research approaches, research design, data collection, ethical consideration, data sources, data technique, population and sampling. The application of research methodology helps to appreciate the process adopts to analyze the construction needs. The research design will carry out the recent contract around Middlesbrough and within Teesside University. Overall it can be said that the research would be able to get a better analysis result if each research methodology components are successful conducted by the project researcher. 3.2 Research philosophy Three different types of research philosophy are available in the field of research work such as realism, positivism and interpretivism. Each one of the research philosophy offers different success measures. However, based on the type and complexity of the research topic the researcher is essential to select the most suitable research philosophy (Mackey and Gass 2015). It helps to demonstrate the processes those have been assumed by the researcher during the
20PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS implementation of any research topic. The thinking process for a research topic may also vary due to varied thinking process. Therefore, the researcher requires choosing the most suitable research philosophy considering its alignment with the research topic. After analyzing the research topic it has been determined that, among three of the research philosophies the most suitable one is positivism. The logical components can be revealed with successful selection of the research philosophy. All the hidden facts can be scientifically and successfully evaluated with application of positivism research philosophy. On the other hand, for any kind of complex research topic interpretivism philosophy is applicable. The positivism philosophy sometimestriesto eliminatethe metaphysicsfor much detail observationandknowledgecollection.Theinterpretivismphilosophyisusedwhilethe researchers, research actively under the interpretative study. In order to examine the role of project lifecycle in construction industry for property development the positivism research philosophy is required to be adopted and the interpretivism and realism should be avoided. 3.3 Research approach There are two different types of research approaches such as inductive and deductive, widely used by the project researcher based upon the research situation. In order to reveal the required format the researcher is needed to choose the most suitable research approach among these two. The inductive research approach is used whenever enough data are found not to be available. On the other hand, whenever enough data are available the investigator can use the deductive research approach to conduct the research work. In order to build any new theory for any research topic the inductive approach is very helpful (Silverman 2016). On the other hand, the deductive approach is used to demonstrate all practical application of the research theories.
21PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS The deductive theory is aimed to develop different theories with accurate specifications as well as data analysis concept. Among two of these research approaches the most suitable one is deductive. Concept related to project management life cycle and its impact in property development and construction industries can be easily demonstrated in terms of theoretical knowledge the deductive approach is beneficial. It will facilitate the researcher to identify along with assess all research data in a much precise and clear manner. Due to lack of emphasize in new research theories a concepts the researchers must avoid the concept of inductive approach. For this specific research work the deductive research approach is appropriate. 3.4 Research Design Three different research design approaches are there such as explanatory, exploratory, and descriptive. Based on the selected research topic the researcher needs to choose the most suitable design. While gathering data from the identified resources the research design helps to offer a much better description to their consumers. In order to acknowledge different thoughts and ideas that are essential to conduct the research topic exploratory design is very helpful but this design demonstrates the occurrences of incidents as well as events and also its respective effects (Taylor, Bogdan, and DeVault 2015). However, the research work has become extremely limited due to inaccurate explanation of the penetration details and cause and effect relationship. The descriptive research is aimed to obtain details and state occurrence for events with a detail research topic description.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
22PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS In order to evaluate the role of project management life cycle in construction industry for property development research the research is needed to choose descriptive research design as it helps to define the detail involved process to it. 3.5 Data collection procedure In order to successfully conducting any research topic the data are considered as useful information set for a better analysis. For deriving exact results data collection is referred to as a much essential approach because it helps to process and enable standard research work formats. 3.5.1 Data Sources: Primary and secondary Primary and secondary are the two different data sources used by the researchers to carry out any research work. In order to penetrate the research topic useful information extraction is very important part. For deriving accurate results both the primary and secondary data sources are helpful. In order to gather raw data those could be straightly catered based on the need of the research work primary sources are essential (Alvesson and Skoldberg2017). However, the first hand data always requires validity along with reliability. Primary data generally collected through direct interactions. Interview, survey etc are the approaches used to gather primary data from valid participants. On the other hand, the secondary data sources are books, journals, articleetc. It enablesa better study approach to their researchers. Approved literature sources are generally called as the secondary sources. The secondary sources generally includes both online and offline sources. In order to evaluate the function of project management life cycle in construction industry for property expansion primary data sources are considered instead of secondary sources. Both interview and survey will be used to conduct the research work.
23PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS 3.5.2 Data techniques: Qualitative and quantitative The qualitative data are very supportive to record narrative data to deliver a enhanced explanation for the research topic. However, the qualitative data helps to combine hypothetical concept in the realistic field to deliver a better accepting regarding the research topic. On the other hand, the quantitative data use various statistical data to trace data even for the large sample size also (Fletcher 2017). In order to reveal the hidden facts regarding usage of project management life cycle methodology in the construction industry for property management both the qualitative and quantitative data techniques are used. In other words, mixed data techniques are used to conduct the research work. 3.6 Population and sampling Population is referred to as the total number of people participated or impacted by the research process content. People who will contribute in the research work include industry project managers, project management lecturers of the Teesside University, property developers and construction labors. In order to meet and analyze the impact of project management life cycle methodology in construction industry mainly used for property development interview and questionnaire should be used. 3.6.1 Sampling technique The technique that is going to be applied to explore the research topic is simple random probability technique. The survey that will be conducted was performed based on agree and disagree parameters.
24PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS 3.6.2 Sample size The participants who will be involved to the primary data collection (survey and interview)areindustryprojectmanagers,projectmanagementlecturersoftheTeesside University, property developers and construction labors. The total sample size considered for the research work is 50. Apart from the above mentioned participants the other participants who will be interviewed are plumbers, electricians and decorators. 3.7 Ethical consideration Besides data techniques as data collection the other thing that has to be considered by the researcher are some ethical considerations and that are as follows: Data application: Each data that would be collected should be used appropriately by avoiding commercial data applications to keep the paper completely academic. Involvementoftherespondents:Noneoftheparticipantsshouldbeexternally manipulated or pressurized during interview and survey. 3.8 Research Limitation Time constraints: The researcher had time limitation which led to study of the work in a short time due to the cross sectional nature of the study. Budget constraints: The researcher will face control if proper budget is not being estimated.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
25PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS 3.9 Research timeline Main activities/ stagesWeek 1 Week 2 Week 3 Week 4 Week 5 Week 6 Week 7 Selection of the research topic Identificationofsurveyaswellas interview participants Conducting survey Interview session Formulating research plan Selection proper research methodology Selection of primary data Data analysis Result and findings Final study conclusion
26PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS Chapter 4: Data Analysis and Findings 4.1 Introduction This chapter is conducted to assess the project management practice and processes in the construction projects. The focus of this assessment is based on the project management life cycle phases in the selected industry. In order to analyze the project management practices, set of questions based on project lifecycle were being employed in this research study. The researcher is required to demonstrate data analysis on investigating the project lifecycle in property development based on the construction industry. The researcher performed quantitative data analysis from the employees of construction companies by means of survey method. Qualitative data analysis is used in this study by interview method where there is performing interview with the construction personnel plumbers, electricians and decorators. 4.2 Quantitative data analysis The research study is focused on three main groups to implement the construction project for investigating intoproject life cycle in property development business. The groups those are involved in the survey are construction company staffs and various property owners. The questionnaire was meant to get data pertaining on the research processes as well as practice of the project management life cycle in the construction projects. The distribution of percentage was used into analysis of the frequency distribution data. The questionnaires are being comprised of two sections such as it was designed to collect information on demographics profile and second section was designed to investigate project lifecycle in property development business in the construction project.
27PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS Section 1: Demographics profile 1. Gender OptionsNo of respondentsTotal respondentsPercentage of responses Male275054% Female235046% Table 4.1: Gender Figure 4.1: Gender Findings: From the above chart, it is found that 54% of the respondents are male while 46% of them are female. Most of the respondents are male those are interested in providing their responses for the survey.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
28PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS 2. Age group OptionsTotal responsesTotal respondentsPercentage of responses 18-21 years95018% 22-25 years205040% 26-29 years95018% Above 30 years125024% Table 4.2: Age group of respondents Figure 4.2: Age group of respondents Findings: From the above chart, it is found that 40% of the respondents are between age group of 22-25 years. It is analyzed that 18% are between 18-21 years and 26-29 years. It is also seen that 24% of the respondents are above 30 years. Therefore, mostly adult respondents are involved in providing their responses and involved in the survey method.
29PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS 3.Please mention you role OptionsTotal responsesTotal respondentsPercentage of responses Project Management Lecturer 145028% Property developer 235046% Construction Manager 105020% Laborers3506% Table 4.3: Role of the respondents Figu re 4.3: Role of the respondents Findings:
30PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS From the above chart, it is found that 46% of the respondents have role of property developer those are involved in the survey. It is found that 28% of the respondents are project management lecturers, 20% are construction manager and 6% are laborers. 4.Experience OptionsTotal responsesTotal respondentsPercentage of responses 1 year105020% 2 years255050% 3 years55010% More than 3 years 105020% Table 4.4: Experience of the respondents Figure 4.4: Experience of respondents Findings:
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
31PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS From the above chart, it is found that 50% of the respondents are working into the industry for 2 years. It is found that 20% have experience for 1 year and more than 3 years and 10% for 3 years. Therefore, most of the respondents are experienced to give their responses.
32PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS 5.Whichprojectmanagementpracticesyouarepracticingthroughoutconstruction processes? OptionsTotal responsesTotal respondentsPercentage of responses Procurement105020% Property development 305060% Sustainable construction 55010% Lean construction 55010% Table 4.5: Project management practices
33PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS Figure 4.5: Project management practices Findings: From the above chart, it is found that 60% of the respondents said that they are practicing property development project management practices throughout the construction processes. It is the business process which encompassed the project activities range from renovation plus release of existing building to buy raw land in addition to sale of developed land. It is involved with wide range of the project activities as well as processes from purchasing of land, building along with developing higher rise buildings. It is found that 20% goes for procurement, 10% for sustainable construction and 10% for lean construction. Section 2:An investigation into project life cycle in property development business 6. How far do you agree that the top project manager should aware of project management methods used to manage project? OptionsTotal responsesTotal respondentsPercentage of responses Strongly disagree2504% Disagree55010% Neutral95018% Agree315062% Strongly agree3506% Table 4.6: Project management methods
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
34PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS Figure 4.6: Project management methods Findings: From the above chart, it is found that 62% of the respondents agreed that the top project manager should aware have project management methods used to manage project. PRINCE 2 techniques is used by most of the project manager to define the project outputs and business justification for each project. Description of each project position is defined to avoid confusions into the project process. The core project plan is being divided into smaller plans to do the project work faster.
35PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS 7. How far do you agree that the project life cycle phases help to monitor and control the project program and portfolio? OptionsTotal responsesTotal respondentsPercentage of responses Strongly disagree0500% Disagree2504% Neutral205040% Agree265052% Strongly agree2504% Table 4.7: Monitor and control the project program and portfolio
36PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS Figure 4.7: Monitor and control the project program and portfolio Findings: From the above chart, it is found that 52% of the respondents agreed that the project life cycle phases help to monitor and control the project program and portfolio. The project management program standard plus portfolio management standard provides impacts on the project profession. The project governance is being concerned with providing control over investment of the organization and monitoring delivery of the project benefits as the program and portfolio is progressed. 8.How far do you agree that the project management processes are well documented and controlled in the property development construction project? OptionsTotal responsesTotal respondentsPercentage of responses Strongly disagree0500% Disagree65012% Neutral175034% Agree275054% Strongly agree0500%
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
37PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS Table 4.8: Documentation and controlling in property development Figure 4.8: Documentation and controlling in property development Findings: From the above chart, it is found that 54% of the respondents are agreed that the project managementprocessesarewelldocumentedandcontrolledinthepropertydevelopment construction project. The functions of project management processes for construction plan is included documentation of project specifications and plan including project scope, project budget, and schedule and set the performance needs. In the property development, there is controlling over maximization of resource throughout procurement of labor, and equipments based on project schedule as well as plan.
38PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS 9. How far do you agree that the project management methodology is adapted for improving environmental conditions in construction project? OptionsTotal responsesTotal respondentsPercentage of responses Strongly disagree1502% Disagree3506% Neutral185036% Agree275054% Strongly agree1502% Table 4.9: Improve environmental situations in construction project
39PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS Figure4.9: Improve environmental situations in construction project Findings: From the above chart, it is found that 54% of the respondents agreed that the project management methodology is adapted for improving environmental conditions in construction project. There are negative impacts of the construction activities which are included waste production, contamination of waste as well as damage to the drainage system. The construction industry has higher impact on the environment. Construction technology is used to overcome with the environment plus help to return to its natural states. There is significant environmental impact of the construction sector is emissions because of consumption of energy. One of the approach towards sustainable building is to apply of project management methodology to support and achieve sustainability. 10.How far do you agree that project lifecycle phases create roadmap to organize and manage construction project? OptionsTotal responsesTotal respondentsPercentage of responses Strongly disagree0500% Disagree55010% Neutral155030% Agree295058% Strongly agree1502%
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
40PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS Table 4.10: Create roadmap to organize and manage construction project Figu re 4.10: Create roadmap to organize and manage construction project Findings: From the above chart, it is found that 58% of the respondents agreed that project lifecycle phases create roadmap to organize and manage construction project. The project roadmap provides detailed picture of the project deliverables of the construction project. It provides a clear overview of what is happening at certain time throughout the project lifecycle. The project management roadmap is such a tool which can allow the project stakeholders to keep track of milestones of project and help to coordinate and communicate of various project elements. It is an important aspect of the project management as it can act as guide for the project manager to kick off the project work and help to share an understanding among the project stakeholders and project team members.
41PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS 11.How far do you agree that cost budgeting is the critical factor considered in the planning process of project life cycle? OptionsTotal responsesTotal respondentsPercentage of responses Strongly disagree0500% Disagree2504% Neutral225044% Agree265052% Strongly agree0500% Table 4.11: Cost budgeting in project lifecycle
42PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS Figure4.11: Cost budgeting in project lifecycle Findings: From the above chart, it is found that 52% of the respondents agreed that cost budgeting is the critical factor considered in the planning process of project life cycle. The project manager should identify when the cost is varied from budget as well as manage the project variations. Creating a cost budget is crucial for the project management. It is a critical factor in the project as it is the process to calculate total expenditure of the project plan. Proper estimation of project cost is based on accuracy as well as details of the project scope that is the scope baseline. 12.How far do you agree that contract close out is required in the closing processes of project life cycle? OptionsTotal responsesTotal respondentsPercentage of responses Strongly disagree1502% Disagree1502% Neutral185036% Agree265052% Strongly agree4508% Table 4.12: Contract close out in project lifecycle
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
43PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS Figu re 4.12: Contract close out in project lifecycle Findings: From the above chart, it is found that 52% of the respondents agreed that contract close out is required in the closing processes of project life cycle. Contract closure is involved with verification that the work is being completed correctly plus updated the contract records to reflect on final project results. The close out of the contracts is associated with completed project plan. 4.3 Qualitative data analysis This data analysis section is comprised of qualitative description of the selected research topic as it is performed by taking interview of plumbers, electricians and decorators. This qualitative data analysis section is involved them as appropriate sample as detailed procedure of project lifecycle in property development is described into the construction industry. This study
44PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS is permissible detailed analysis of each sub-topics helping in improved penetration of research topic. 1. Key challenges in the company and tackle those challenges As per the plumber, the company faces inadequate scope definition which makes a trouble for the company while planning for the project. It provides effect on valuable resources and causes problems in case of communication among the project team members. According to the electrician, one of the main challenges that the company faces in each phase of project lifecycle is unrealistic project deadlines and impractical expectations of project clients and stakeholders. The decorator said that most of the timeline of construction project is slip because of unrealistic initial project deadlines. The company is not using project management software, therefore it results in lot of time to finish the work and effort is being wasted due to lack of automation process. In order to overcome with project scope issues, the project manager conducts face-to-face meetings with the project team members when required to discuss the area where concerns are raised. In order to cope up with the project timeline, the project managers are taking care of project deadlines by proper planning and announcement of real time progress of the participants. The construction phases are planned as per requirements, manage project schedule and stay track of project dates for each individual activities. The company should start with using project management software as it helps the company to better plan and keeps the project information up-to-date. 2. Construction project lifecycle
45PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS The construction project has distinct phases where the project team members should carry out range of project activities necessary to carry out the project work differ. There is different start phase which are followed by systematizing the project phase. Carrying out is execution part of the project and closure phase is temporary activities related to the project to be closed. By means of project lifecycle standard, it achieves success in construction project. The project lifecycle will run from project initiation through post implementation review of delivered end products. Sometimes, it is understandable because of complicated nature plus diversity of the project work. The construction project lifecycle creates procedures and tracks logs which will be tool to use throughout rest of the project work. Each of the party involved into the contract has planning phase. 3. Project lifecycle is critical for managers to deliver project to the client The project manager is required to launch a project and formal set of plans to outline the initial project goals. The project life cycle is a way to describe life of the project. Each of the projects is started and ended, and failed when it is not able to complete on scheduled time. The construction project techniques can acknowledge the hard work of the employees. On the other hand, in some cases the project lifecycle is not enough for some employees to work harder. They just complete their daily work duties and go home. 4. Construction organization requires new lifecycle for project management The construction professional team requires something which is more tailored to them. The organization typically operates on the cycle and human capital. New project lifecycle helps to become more efficient plus profitable. It emphasizes reporting and analyzes past projects. Construction project management is required in the project to keep with the management skills to
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
46PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS stay competitive in the market. It is used to manage resources over the project lifecycle for controlling scope, time, cost and quality. For better management of the project plan and achieve profitability in the business, it solves problems throughout the construction phase so that all the phases are met. New project lifecycle provides standard construction phases such as initiation, planning, implementation and closure phases of the project. A business case of out project is developed and based on it; where all the project work is happened. 5. Negative impact of the lifecycle on the performances of the employees As per the plumber, there are no such negative impacts of the project lifecycle on performanceoftheemployees.Accordingtoelectrician,forfewemployees,theyare compromising with the quality of their work. As per the decorator, into the construction organization, the employees are highly enthusiastic about their work. 4.4 Discussion It is seen that the data are collected and analyzed using mixed data technique from the credible sources in the construction field. It is believed that construction of new methods into the project lifecycle help to realize lesser expenditure on different project tasks in the project, therefore there is realize more profitable in long run. It is discussed that the project lifecycle into the construction project management is based on coordinating as well as monitoring labor and resources for project durations. The construction industry is undertaken complex initiatives into the field of IT, where it uses project management software to manage the project resources. Into the construction industry, the project manager is applied project management to build structures for environmental sustainability and industrial manufacturing.
47PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS In order to keep the project work on track as well as on scheduled time, the project manager can leverage communicational skills and expertise. It is discussed that success of a project is based on the all the project lifecycle phases. In the planning phase, the team is focused on most of their efforts. It is seen that purchase of the constructed facility is a main capital investments. Most of the constructed facilities are made into the construction with the project owners with exception in case of the residential units. The project manager explained as well as defined the scope of the project plan properly as it can undergo examination with respect to timing for completion of project plan and based on availability of the cash flows. The project management methodologies in the construction project is developed the property into the industry. The project manager can work on the products which are clearly defined as well as fixed requirements may choose the construction project management methods. The construction project work is best suited for those methods which are not anticipating changes and requires adapting new conditions throughout the entire construction process. The project management methods are systematic processes which are predictable. Most of the construction projects are based on documentation to deliver the product. The project manager uses system to stay collaboration throughout ever changing environments. There is review of stakeholder needs in addition to product backlog is updated based on the project needs.
48PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS Chapter 5: Conclusion and Recommendations 5.1 Conclusion It is concluded that in the construction industry, the project lifecycle phases are consisted of construction phases which are required to complete the project work. The lifecycle phases are required to show level of consistency into the project management and each of project stages are being approved or it will go. As the project plan is going through construction phases, then it will review to determine status of the project plan. The project phase’s reviews are being conducted after each project phases help to identify where the project team is plus provided update on the project to ensure that the project objectives are met. The purpose of this research study is to report on case study results of construction industry on PM practices performed into the construction sector organization. The project manager is responsible to solve issues through entire construction phase so that the issues in design phases are mitigated. 5.2 Linking with the objectives This section starts with linking about the findings of the research study with the research objectives. The findings are being discussed against the research objectives identified at chapter 1. The main findings of this research study are that the project management literature will discuss on importance of the techniques of project management to manage the project plan. Objective 1:To investigate research on project lifecycles in property development In the project lifecycle phases, the property owner decides a concept of feasibility and chooses best method to finish and deliver the project structure. The project lifecycle phases are
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
49PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS consisted of requirement and analysis phase, architecture, design, project mobilization and operation and construction, termination and closure. At the project phases, the constructor should prepare a final documentation which is completed in agreed work. Objective 2:To research onpopular construction companies those have carried out recent contract around Middlesbrough and within Teesside University InTeessideUniversity,theconstructioncompanyBAMwonmulti-millionpound contract for building a brand new and class teaching centre for the university. The construction work is done forMiddlesbrough’s BoHo Centre which will deliver facilities with better rating and stronger environmentally friendly features. The construction company is used Business Information Modelling (BIM) technique which is digital demonstration of the physical as well as functional individuality of the facility. BIM is shared knowledge resources for the information about capability outlining a consistent basis for the choices throughout the project lifecycle. Objective 3:To research on recent and current projects by price right properties The current construction project of BIM is based on the price right properties. This property rights is used in constructs into economics in order to decide how the resource and economic good is being owned. The resources are owned by the persons and governments with right to transfer items to others in addition to enforce the price property rights. Most of the construction projects are used price right properties so that they can implement their project plan effectively.
50PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS 5.3 Recommendations Following are the recommendations which are proposed as result of this research study. The recommendations are based specific to the construction sector and general to the public sector projects. Establishment of dedicated project management office (PMO):In the construction industry where the project is not able to meet with its deadlines, budgets as well as objectives, there is required to establish PMO which can manage the property development work efficiently across the constructionorganization.PMOmodel can produce standardizedpoliciesplus procedures which can govern the project planning and execution. Development of lessons learned report:The project plan should develop lessons learned report on identification of the project successes plus project failures. The project facilitator should review key project documents and then prepare list of questions related to the project. Enhance leadership quality of the project manager:It is recommended to enhance leadership quality of the project manager by means of education plus training among the project team members. They are required to get training on the construction work so that they can handle project management techniques used in the construction project.
51PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS Chapter 6: Critical reflection on research process undertaken In this research study, empirical research evidence is required but it is some extent theoretical on the project life cycle phases in property development work. I would have understanding of practical situations in the construction industry. In order to understand practical situations of the workplace, I would have great insight and possible directions for my research report. In chapter 1, I provided a broad overview of the research which is reported in the thesis paper. I discussed initial research questions and analyzed the research topic throughout process of data collection and analysis. I described procedures used for collecting and analyzing the data. I had fully gone through the selected research topic and found that there are some impacts of the project management life cycle methodology in construction industry for property development. In this study, I had used primary data collection method where I had conducted survey using questionnaires based on selected research topic. I had used quantitative data analysis method so that the raw data are analyzed in statistical form. The thesis paper is based on pre- existing theoretical framework in form of literature review where phases of the project life cycle are developed in property development. I had also performed a research onconstruction management carried out contract in Middlesbrough and Teesside University. In order to collect data, I had applied my knowledge toexplore the research topic and used simple random probability technique to select sample population for conducting the primary data collection. The selected participants for performing the survey are project managers, project management lecturers of the Teesside University, property developers and construction labors. My research study is exploratory as well as quantitative in nature so that it investigated project management
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
52PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS practices into the construction sector. Collecting and analyzing the reason behind the project failures help the project manager to determine the factors behind it.
53PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS References Alvesson, M. and Sköldberg, K., 2017.Reflexive methodology: New vistas for qualitative research. Sage. Antikainen, M. and Valkokari, K., 2016. A framework for sustainable circular business model innovation.Technology Innovation Management Review,6(7). Burns, P., 2016.Entrepreneurship and small business. Palgrave Macmillan Limited. Clarke, P., O'Connor, R.V. and Leavy, B., 2016, May. A complexity theory viewpoint on the software development process and situational context. InProceedings of the International Conference on Software and Systems Process(pp. 86-90). ACM. Fletcher, A.J., 2017. Applying critical realism in qualitative research: methodology meets method.International Journal of Social Research Methodology,20(2), pp.181-194. França, C.L., Broman, G., Robèrt, K.H., Basile, G. and Trygg, L., 2017. An approach to business modelinnovationanddesignforstrategicsustainabledevelopment.JournalofCleaner Production,140, pp.155-166. Harrison, F. andLock,D., 2017.Advancedprojectmanagement:astructuredapproach. Routledge. Heizer,J.,Render,B.andMunson,C.,2016.Principlesofoperationsmanagement: sustainability and supply chain management. Pearson Higher Ed.
54PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS Joyce, A. and Paquin, R.L., 2016. The triple layered business model canvas: A tool to design more sustainable business models.Journal of Cleaner Production,135, pp.1474-1486. Kerzner, H. and Kerzner, H.R., 2017.Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons. Kerzner, H., 2018.Project management best practices: Achieving global excellence. John Wiley & Sons. Kühnen, M. and Hahn, R., 2017. Indicators in social life cycle assessment: a review of frameworks, theories, and empirical experience.Journal of Industrial Ecology,21(6), pp.1547- 1565. Kumar, R., 2019.Research methodology: A step-by-step guide for beginners. Sage Publications Limited. Mackey,A.andGass,S.M.,2015.Secondlanguageresearch:Methodologyanddesign. Routledge. Myers, D., 2018.Economics and property. Routledge. Nechaev, A. and Antipina, O., 2016. Analysis of the Impact of Taxation of Business Entities on the Innovative Development of the Country.European Research Studies,19(1), p.71. Onuoha, I.J., Aliagha, G.U. and Rahman, M.S.A., 2018. Modelling the effects of green building incentives and green building skills on supply factors affecting green commercial property investment.Renewable and Sustainable Energy Reviews,90, pp.814-823.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
55PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS Schumpeter, J.A., 2017.Essays: on entrepreneurs, innovations, business cycles and the evolution of capitalism. Routledge. Silverman, D. ed., 2016.Qualitative research. Sage. Stark, J., 2015. Product lifecycle management. InProduct lifecycle management (Volume 1)(pp. 1-29). Springer, Cham. Taylor, S.J., Bogdan, R. and DeVault, M., 2015.Introduction to qualitative research methods: A guidebook and resource. John Wiley & Sons. Tees.ac.uk 2017.Contractor appointed for £20m Teesside University flagship development | Mediacentre|TeessideUniversity.[online]Tees.ac.uk.Availableat: https://www.tees.ac.uk/sections/news/pressreleases_story.cfm?story_id=4624 [Accessed 12 Apr. 2019]. Tikhomirov,E.A.,Bykovskiy,M.A.,Veselova,N.Y.,Mkrtumova,I.V.,Malofeev,I.V., Ryazantsev,S.V.andLuk’yanets,A.S.,2016.Public-privatepartnership:Themodelof interaction of regional socio-economic systems in the trans-regional space.International review of management and marketing,6(1S), pp.255-260. Tukker,A.andTischner,U.eds.,2017.NewbusinessforoldEurope:product-service development, competitiveness and sustainability. Routledge. Ungureanu, M., Pop, N. and Ungureanu, N., 2016. Innovation and technology transfer for business development.Procedia Engineering,149, pp.495-500.
56PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS van Haaster, B., Ciroth, A., Fontes, J., Wood, R. and Ramirez, A., 2017. Development of a methodologicalframeworkforsociallife-cycleassessmentofnoveltechnologies.The International Journal of Life Cycle Assessment,22(3), pp.423-440. Weidema, B.P., Pizzol, M., Schmidt, J. and Thoma, G., 2018. Attributional or consequential Life Cycle Assessment: A matter of social responsibility.Journal of cleaner production,174, pp.305- 314. Wilkinson, S.J., Sayce, S.L. and Christensen, P.H., 2015.Developing property sustainably. Routledge.