Abstract
An effective strategy aligning costs and quality is pivotal for augmenting project value in the construction industry. This study develops and applies a model to evaluate the impact of Total Quality Management (TQM) principles on Egyptian construction projects. Objectives include identifying key TQM principles, quantifying their value, and validating outcomes through a case study. Methodologically, a TQM evaluation model, utilizing the Relative Importance Index (RII) method and validated via Cronbach’s alpha, is formulated. A value formula estimates the financial impact of top TQM principles compared to construction project life cycle costs. Applied to a 2023 Egyptian construction project case study, the formula demonstrates cost savings surpassing the required investment. Specifically, project value improved 2.77 times using the created Value Engineering Business Approach (VEBA) formula, translating to an estimated 12.8% reduction in total life cycle costs. This research advocates a data-driven approach to prioritize TQM principles, showcasing positive financial returns for firms and endorsing TQM as an effective framework for the Egyptian construction sector.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callSimilar Papers
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
