Developing a methodological approach for critical success factor for joint venture project in Malaysia / Hamimah Adnan, Ismail Rahmat and Roy Morledge

Construction joint ventures have attracted a lot of research over the last decades. Since the early 1990s, construction joint ventures have developed and are evolving rapidly in Malaysia. There has been relatively little empirical research into the success factors associated with joint venture projects and there is a need to identify these success is to be assured. The authors review the concept of Critical Success Factors and revisit the corresponding methodology to assist in the establishment of a framework of factors considered vital to the local and foreign contractors. A previous study identified some Critical Success Factors (CSFs) of JV projects through literature review and questionnaire surveys. However the concept of critical success factors has been developed further to identify problems associated with the practical application theory in its current form. Concerns are raised regarding subjectivity, bias, and failures in data processing, changing political, economic, social and technological environments, ambiguous definitions, and lack of adequate qualitative performance measures. It is submitted that factors may fall into one of two categories, labelled Failure Reduction Criteria (FRCs) and Critical Success Factors (CSFs).