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Factors effecting the cost management in construction projects

M. A., Faten Albtoush and S. I., Doh (2019) Factors effecting the cost management in construction projects. In: Proceedings of 3rd National Conference on Wind & Earthquake Engineering and 1st International Seminar On Sustainable Construction Engineering (NCWE & ISSCE 2019), 12-13 July 2019 , Kuala Lumpur, Malaysia. pp. 173-178..

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Abstract

Cost management is an important stage in construction project life cycle, construction projects need cost management in the first stage to finish the project within required cost, time and quality, it's considered as the most factors affecting in the success of construction projects in all developing and developed countries. Many researchers focused to studying the factors affected in cost performance in construction projects in different countries, because cost is an important attribute in construction projects. The project considered as success project when it finished within limited cost and time with required quality, the three items (cost, time and quality) depend on each other, any change in one of them affects the other, whether the effect was positive or negative, the main item of them is cost, so this encourage many researchers to study the factors affected in cost management. This research is carried out to highlight the information on the factors that affected in cost management during the life cycle on construction project, the data collected through 41 reviews focused in studying factors affected in cost performance of construction project. In this research it is to be found different factors in different countries and different projects, the most important factors found through literature review are: design changes, poor management in the site, delay in progress payment by owner, fluctuation in material price.

Item Type: Conference or Workshop Item (Lecture)
Uncontrolled Keywords: Cost management; Construction projects
Subjects: H Social Sciences > HD Industries. Land use. Labor
T Technology > TA Engineering (General). Civil engineering (General)
T Technology > TH Building construction
Faculty/Division: Faculty of Civil Engineering & Earth Resources
Institute of Postgraduate Studies
Depositing User: Mrs Norsaini Abdul Samat
Date Deposited: 25 Nov 2019 04:10
Last Modified: 25 Nov 2019 04:10
URI: http://umpir.ump.edu.my/id/eprint/26581
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