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The Impact Of Budgeting And Budgetary Control In Construction Project Delivery In Nigeria
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1.7 SCOPE OF THE STUDY
The study will cover some selected
quantity surveyors from Owerri. All findings and recommendations from
the study may not reflect the true view of the traditional roles and
changing roles of quantity surveyors as the researcher could not cover a
wider area due to financial and time constraints.
1.8 DEFINITION OF TERMS
·
Construction: In the fields of architecture and civil engineering,
construction is a process that consists of the building or assembling of
infrastructure. Far from being a single activity, large scale
construction is a feat of human multitasking. Normally, the job is
managed by a project manager and supervised by a construction manager,
design engineer, construction engineer or project architect
·
Deliverable: Deliverable is a term used in project management to
describe a tangible or intangible object produced as a result of the
project that is intended to be delivered to a customer (either internal
or external). A deliverable could be a report, a document, a server
upgrade or any other building block of an overall project.
·
Project management: this is the discipline of planning, organizing,
motivating, and controlling resources to achieve specific goals. A
project is a temporary endeavour with a defined beginning and end
(usually time-constrained, and often constrained by funding or
deliverables), undertaken to meet unique goals and objectives, typically
to bring about beneficial change or added value.
· Time:
This is a dimension in which events can be ordered from the past through
the present into the future, and also the measure of durations of
events and the intervals between them.
· Cost: A cost is the
value of money that has been used up to produce something, and hence is
not available for use anymore. In business, the cost may be one of
acquisition, in which case the amount of money expended to acquire it is
counted as cost.
· Cost overrun: occurs when the final cost of the project exceeds the original contract value at the time of completion.
·
Good cost performance project: Project in which the cost overrun of the
project does not exceed 10 percent of the initial budget.
·
Poor cost performance project: Project in which the cost overrun of the
project exceeds 10 percent of the initial budget.
REFERENCES
Aibinu A.A and Jagboro G.O (2002): “The Effects of Construction
Delays on Projects Delivery in Nigeria Construction Industryâ€. International Journal of Project Management, 20, 593-599.
Chan, A.P.C., Scott, D. and Chan, A.P.L. (2004). Factors affecting
the success of a construction project. Journal of Construction Engineering and Management 130pp.
Frimpong, Y. (2003). Project management in developing countries:
causes
of delay and cost overruns in construction of groundwater projects.
Unpublished Masters Research Project, University of Technology, Sydney,
Australia.
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