The objective of the research is to study the situational analysis, performance evaluation, and identifying the best performing construction management option. The study areas are at KoyeFeche condominium projects located in Akaki Kalti Sub-city and focused on 1072 buildings constructed with 5.4 billion Ethiopian Birr. The methodologies used for the research were quantitative and qualitative; including questionnaires, interviews, and researcher’s observation. Primary and secondary sources of data were collected and a suitable mix of target groups such as; clients, contractors, and consultants were selected using purposive sampling techniques. A total of 75 questionnaires were distributed for data collection and 50 were returned. Hence, 66.7% response rate was realized. Moreover, 51 quantitative questionnaires have also been administered by the researchers to 7 project offices and a 100% response rate was obtained. The entire 106 questions were analyzed by a statistical tool of SPSS v 23 software. After certain variables of calibration; two complex regression models were developed, 17 Key Performance Indicators (KPIs) and 19 best performance improvement factors were obtained. All the formulated hypotheses were tested through several methodological triangulation methods to answer the research objectives. Situational analysis results also confirmed that on average there was a “good level” of construction performance on the project site. Therefore, to ensure project performance it is possible to recommend 17 KPIs, 19 best performance improvement factors, and consistent stakeholders and professionals incorporating situational analysis advised to be implemented in the project site. Finally, it is concluded that the research outputs could be used as a basic local component of reference for any project participants, policymakers and researchers.