Project Life Cycle in Property Development Business: A Case Study of Construction Company

Running head: PROJECT LIFECYCLE IN PROPERTY DEVELOPMENT BUSINESS
An Investigation into Project Life Cycle in Property Development Business: A Case Study of
Construction Company
Name of the Student:
Name of the University:

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. I would also like to thank my friends who had provided me with help and
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
2.3 Research 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

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
Figure 4.9: Improve environmental situations in construction project..........................................38
Figure 4.10: Create roadmap to organize and manage construction project.................................39
Figure 4.11: Cost budgeting in project lifecycle...........................................................................41
Figure 4.12: Contract close out in project lifecycle.......................................................................42

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