Group of factors for assessing the development of construction projects in line with the principles of the Sufficiency Economy Philosophy

Abstract

Construction Projects contribute significantly to the development of people's lives. If sufficiency economy philosophy can be used to assess the construction project during development stage, allocation of budget can be more efficient. The study aims to factor analyzed construction project development indicators in accordance with the sufficiency economy philosophy. Data was collected through interview with questionnaire with 138 engineers in Thai construction industry. The results revealed that the 38 initial indicators were divided into 7 groups: Group 1 Accurate problem identification focusing on the underprivileged group with 7 factors, Group 2 Securing economy necessity for the underprivileged group with 10 factors, Group 3 Sincere mitigation of development impact with 4 factors, Group 4 Maximize utilities through comprehensive consideration with 6 factors, Group 5 Extended value of development to a sustainable community with 4 factors, Group 6 Systematically alternatives develop with comprehensive knowledge with 4 factors, and Group 7 Strong teamwork and team spirit with 3 factors. The total variance explained is 61.860%. The respondents emphasized most on Sincere mitigation of development impact (4.23). However, they do not give importance as much on Securing economy necessity for the underprivileged group (3.65) and Extended value of development to a sustainable community (3.23) especially on solving underprivileged group’s problems of making a living (3.23) and also developing the project knowledge for local people to understand and further extend the project benefits (2.75).