External Environmental Factors Influencing Project Success The Case Of Addis Ababa Saving House Development Enterprise (4060 Project)

The concept of construction project development may be impaired without a good knowledge and successful management of the impact of external environmental factors influencing the performance of project. This study aims to identify the influence of external environmental factors on Addis Ababa Saving House Development Enterprise specifically 40/60 project. The instrument used for the data collection was structured questionnaire and the target population consisted of 174 project managers in 11 sites. The methods employed were mean score, Pearson correlation and regression analysis. Twenty-one facets were identified as an indicator of the factors having an influence on housing project success and they were categorized under clusters; political, economic and financial, social and cultural and technological factors. The result of the Pearson correlation analysis of time and cost overruns with the identified factors affecting project performance revealed that the clusters of economic and financial factor, technological factor and political factor have significant relationship on p-values of 0.000, while the cluster of social and cultural factors has no significant relationship with project success. The research recommended that project managers should take cognizance external environmental factors that may influence success of the project in order to come up with the challenges through a process and prevention of more cost and time overruns.

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