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The Impact Of Cost Control Techniques On Construction Projects Delivery
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1.6 SIGNIFICANCE OF THE STUDY
This
study will be of importance to building professionals and the general
public because it would not only clarify but also create awareness of
the extent to which inadequacies in cost control techniques can
adversely affect project performance. The study will also help
contractors, clients, consultants and all parties involved in
construction projects about ways of improving their current method of
cost management and control.
The study will also be of great benefit
for other student researchers’ who may want to venture into the same
subject matter. Having gotten results-both empirically and
theoretically, the study will serve as a foundation for future research
studies.
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 presentinto 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.
Hafez, N (2001): “Residential Projects Obstacles and problems in
Kuwait MS Projectâ€, Department of Civil Engineering, Kuwait University.
Henesy, M. (1993): “Tools of Total Quality Managementâ€. Journal of
Construction Engineering and Management ASCE. Pg 9(4), 329-339
Iyer, K.C. and Jha, K.N.(2005). Factors affecting cost performance:
evidence from Indian construction projects. International Journal of Project Management 23(4), pp. 283-
Koushki, P.A and Kartan, N. (2004): “Impact of Construction
Materials on Project Time and Cost in Kuwait, 11 (2), 123-132.
Ugwu et al (1994): “Concurrent Delays in Construction Projectsâ€.
Journal of Construction Engineering and Management, 113 (4), 691 –602.
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