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Time and Budget Overruns on Czech International Development Projects

Author

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  • Gabriela Dufková

    (University of Economics in Prague, Faculty of International Relations, Department of World Economy)

Abstract

Projects are common means of implementing development co-operation. However, their success rate is a topic of numerous discussions as they are often delayed or delivered with increased costs. There are several reasons for this phenomenon, such as procurement issues, management issues, inadequate project design, and country specific causes e.g., inflation, corruption, natural environment etc. This study tries to establish what factors influence these overruns on projects funded by the Czech Republic and with the use of Pearson’s and Fisher’s tests suggests that financial results are affected by the type of implementing agency, developing country, type of financing, project size and project sector, while the schedule is influenced only by the project sector and size. Based on these results, a new risk factor matrix is introduced to determine how project management tools should be required on particular projects in order to increase their success rate.

Suggested Citation

  • Gabriela Dufková, 2022. "Time and Budget Overruns on Czech International Development Projects," Journal of Economics / Ekonomicky casopis, Institute of Economic Research, Slovak Academy of Sciences, vol. 70(7-8), pages 622-645, July.
    • Handle: RePEc:sav:journl:v:70:y:2022:i:7-8:p:622-645
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    References listed on IDEAS

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    More about this item

    Keywords

    Czech development aid; international development projects; budget overrun; time overrun; Pearson’s Chi-square test;
    All these keywords.

    JEL classification:

    • O22 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Project Analysis
    • F35 - International Economics - - International Finance - - - Foreign Aid
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration

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