Browsing by Author "Wasihun Jimma"

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    Effect of Antecedents on Project Performance of Real Estate Companies in Ethiopia: The Mediating Role of Risk Management
    (Addis Ababa University, 2022-06) Wasihun Jimma; Teklegiorgis Assefa (PhD)
    The purpose of this study is to examine the effect of policy and strategy, team management, communication, leadership, and risk management. Data were gathered using a structured questionnaire from firms engaged in real estate development projects in Ethiopia. The author used a census survey 112 employees who work at project sites. However, 5 responses were rendered unusable because the respondents were believed to be reluctant, which gave the response rate 95.53 percent. Correlation, regression, and structural equation modeling were used to analyze the data. Team Management, Communication and Leadership influence Project Performance significantly at 95% confidence interval with a sig. level of 0.048, 0.000, 0.000 respectively. However, it was found out that the effect of Policy and Strategy is non-significant. Additionally, the two variables organizational Policy and Strategy and Team Management significantly affect project performance and are mediated by Risk Management. When the mediator variable removed from the model, the effect of Policy and Strategy and Team Management, direct value dropped from 0.15 to 0.066 and from 0.27 to 0.028. Communication and Leadership, however, do not exhibit a significant influence on Project Performance. Effective risk management, policy and strategy, team management, communication, and leadership lead to improved project performance with respect to cost, time, and quality. Real estate companies need to take more strategic view toward policy improvements, team management, and risk management. Keywords: real estate project, project risk management, policy and strategy, team management, communication, leadership, project performance, structural equationmodeling, Ethiopia.