Critical success factors, opportunities and threats of the cost management profession: The case of Australasian quantity surveying firms

Marcel Frei, Jasper Mbachu, Robyn Phipps

Research output: Contribution to journalArticleResearchpeer-review

4 Citations (Scopus)

Abstract

The quantity surveying profession faces a number of exceptional challenges that threaten its existence, growth and success. The aim of this paper is to identify the critical success factors (CSFs) for growth and survival as well as the threats and opportunities in the external landscape. Knowledge of these factors would enable the profession to achieve sustained growth and competitiveness. Using the exploratory survey method, in-depth interviews were conducted with key senior leaders from industry and professional and academic institutes throughout New Zealand and Australia. Results showed that the CSFs of the profession are underpinned by process, practice management, service performance, market positioning, people, firm profile and professional attributes. Four themes underlie the threats and opportunities of the profession, namely: market/competition, capability/capacity, recognition/relevance, and information/communication/technology. Identified opportunities stem mainly from involvement in newly identified or emerging markets, and expansion in or penetration of existing markets.

Original languageEnglish
Pages (from-to)4-24
Number of pages21
JournalInternational Journal of Project Organisation and Management
Volume5
Issue number1-2
DOIs
Publication statusPublished - 5 Apr 2013
Externally publishedYes

Fingerprint

Quantity surveying
Cost management
Threat
Critical success factors
Market competition
Sustained growth
Industry
In-depth interviews
Emerging markets
New Zealand
Competitiveness
Penetration
Service performance
Positioning
Information and communication technology
Factors
Management practices

Cite this

@article{73dd44ad9fe544d08c72eb8e9fced30b,
title = "Critical success factors, opportunities and threats of the cost management profession: The case of Australasian quantity surveying firms",
abstract = "The quantity surveying profession faces a number of exceptional challenges that threaten its existence, growth and success. The aim of this paper is to identify the critical success factors (CSFs) for growth and survival as well as the threats and opportunities in the external landscape. Knowledge of these factors would enable the profession to achieve sustained growth and competitiveness. Using the exploratory survey method, in-depth interviews were conducted with key senior leaders from industry and professional and academic institutes throughout New Zealand and Australia. Results showed that the CSFs of the profession are underpinned by process, practice management, service performance, market positioning, people, firm profile and professional attributes. Four themes underlie the threats and opportunities of the profession, namely: market/competition, capability/capacity, recognition/relevance, and information/communication/technology. Identified opportunities stem mainly from involvement in newly identified or emerging markets, and expansion in or penetration of existing markets.",
author = "Marcel Frei and Jasper Mbachu and Robyn Phipps",
year = "2013",
month = "4",
day = "5",
doi = "10.1504/IJPOM.2013.053151",
language = "English",
volume = "5",
pages = "4--24",
journal = "International Journal of Project Organisation and Management",
issn = "1740-2891",
publisher = "Inderscience Publishers",
number = "1-2",

}

Critical success factors, opportunities and threats of the cost management profession : The case of Australasian quantity surveying firms. / Frei, Marcel; Mbachu, Jasper; Phipps, Robyn.

In: International Journal of Project Organisation and Management, Vol. 5, No. 1-2, 05.04.2013, p. 4-24.

Research output: Contribution to journalArticleResearchpeer-review

TY - JOUR

T1 - Critical success factors, opportunities and threats of the cost management profession

T2 - The case of Australasian quantity surveying firms

AU - Frei, Marcel

AU - Mbachu, Jasper

AU - Phipps, Robyn

PY - 2013/4/5

Y1 - 2013/4/5

N2 - The quantity surveying profession faces a number of exceptional challenges that threaten its existence, growth and success. The aim of this paper is to identify the critical success factors (CSFs) for growth and survival as well as the threats and opportunities in the external landscape. Knowledge of these factors would enable the profession to achieve sustained growth and competitiveness. Using the exploratory survey method, in-depth interviews were conducted with key senior leaders from industry and professional and academic institutes throughout New Zealand and Australia. Results showed that the CSFs of the profession are underpinned by process, practice management, service performance, market positioning, people, firm profile and professional attributes. Four themes underlie the threats and opportunities of the profession, namely: market/competition, capability/capacity, recognition/relevance, and information/communication/technology. Identified opportunities stem mainly from involvement in newly identified or emerging markets, and expansion in or penetration of existing markets.

AB - The quantity surveying profession faces a number of exceptional challenges that threaten its existence, growth and success. The aim of this paper is to identify the critical success factors (CSFs) for growth and survival as well as the threats and opportunities in the external landscape. Knowledge of these factors would enable the profession to achieve sustained growth and competitiveness. Using the exploratory survey method, in-depth interviews were conducted with key senior leaders from industry and professional and academic institutes throughout New Zealand and Australia. Results showed that the CSFs of the profession are underpinned by process, practice management, service performance, market positioning, people, firm profile and professional attributes. Four themes underlie the threats and opportunities of the profession, namely: market/competition, capability/capacity, recognition/relevance, and information/communication/technology. Identified opportunities stem mainly from involvement in newly identified or emerging markets, and expansion in or penetration of existing markets.

UR - http://www.scopus.com/inward/record.url?scp=84915788825&partnerID=8YFLogxK

U2 - 10.1504/IJPOM.2013.053151

DO - 10.1504/IJPOM.2013.053151

M3 - Article

VL - 5

SP - 4

EP - 24

JO - International Journal of Project Organisation and Management

JF - International Journal of Project Organisation and Management

SN - 1740-2891

IS - 1-2

ER -