Application of Artificial Intelligence in Construction Project Management in Nigeria: Assessing Its Effect on Cost, Time, Risk, and Project Performance

Published2023-07-20IssueVol. 1 No. 1 (2023): Research Journal in Business and Economics Pages248-260SectionArticles
DOI 10.61424/rjbe.v1i1.1045
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Abstract

The construction industry in Nigeria is experiencing several problems that are associated with cost overruns, delays, risk, and poor project performance. The progressive use of artificial intelligence (AI) offers an opportunity to advance construction project management through predictive analysis, cost estimation, delay forecasting, risk management, and decision support. This research explores the application of artificial intelligence in construction project management in Nigeria with regard to its impact on cost, time, risk, and project performance. A quantitative research method was utilized to gather the required data using a structured questionnaire administered to construction practitioners. The data collected were analyzed using descriptive statistics, correlation analysis, and regression analysis to establish the correlation existing between AI Application and the variables of project performance mentioned above. The results obtained reveal that AI Application has a positive impact on cost performance, time performance, risk management, and overall project performance. The study further shows that artificial intelligence can augment effective support for cost prediction, early delay detection, and accurate risk assessment, leading to better project decision-making. The implementation of AI applications is, however, subject to several constraints such as data accessibility, technological infrastructure, professional skills, and organizational problems. The analysis reveals that there is a very valuable opportunity for improving construction project management in Nigeria and recommends greater investment in AI technologies, digital infrastructure, professional training, and reliable construction databases to support effective adoption.

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Keywords

  • Artificial intelligence
  • construction project management
  • cost performance
  • time performance
  • risk management
  • project performance
  • Nigeria
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How to Cite

Chinweuju Maureen Obi. (2023). Application of Artificial Intelligence in Construction Project Management in Nigeria: Assessing Its Effect on Cost, Time, Risk, and Project Performance. Research Journal in Business and Economics, Vol. 1 No. 1 (2023): Research Journal in Business and Economics , 248-260. https://doi.org/10.61424/rjbe.v1i1.1045