Factors Affecting Real Estate Construction Projects' Success In Addis Ababa City

Abstract

This research project entitled with Factors affecting the real estate construction project: The case of Addis Ababa City identify and describes the main factors affecting the real estate construction in Addis Ababa city. The study identified existing operations of the real estate companies in the market and with a focus on currently existing situations in most aspect of the market; major problems are addressed. The study has met its objectives through providing answers for the basic questions of how successful real estate development construction projects’ management are, what are the major success factors for real estate development construction projects management; and what is the impact of success factors in real estate construction projects’ management. The study area is not adequately studied from Ethiopian real estate development companies’ perspective or not available which makes this study is valuable to fill the gap in the study area. The study is conducted on real estate developers in Addis Ababa. Both primary and secondary data were collected for the accomplishment of the study. All the project managers who have completed at least one real estate development construction projects were incorporated in the study making the study to implement censes method. The primary data are collected through self-administered questionnaires. The study uses Ashley&Jaselskis’s (2011) seven critical success factors of construction projects as independent variables where project success is measured in terms of time, cost and quality that are used as dependent variables. Correlation technique was used to indicate the relationship between the independent and dependent variables and a Ordinary least square (OLS) has used to identify the impact of the success factors over successful project completion