Professionals’ Perspectives on Project Management Actions and Project-Related Factors Affecting Private Real Estate Projects Implementation Success in South East Nigeria

Abstract

Abstract- The success of any private real estate projects to a large depends on the commitment and/or determination of the professionals involved as well as all the stakeholders to ensure that such real estate project is successful regarding implementation. The variable that makes up project management actions and project-related factors to a large extent affects its implementation success; this work identified those variables, through Mean Item Score (MIS), the study ranked the impact of these variables and the extent they affect private real estate projects success. From the findings of the research, it could be observed based on analysis done using Chi-square, there was a significant relationship between project management actions, project-related factors and private real estate project implementation success using SPSS. On the ranking, result of the findings indicated that ineffective/wrong coordination process, project financing, overall managerial actions and variation of the project plan and size of the project were top most as well as highly ranked variables that affect private real estate project implementation in the study area. Its’ important to note that stakeholders should make concerted effort to ensure that all variable identified under project management actions and project-related factors are taken seriously in the handling implementation of any real estate project Index Terms- Factors, Professionals, Project management, Projects success and Real estate