Categorization of potential project cost overrun factors in construction industry

4th International Conference on Civil and Environmental Engineering for Sustainability

地球科学;生态环境科学;经济学

Karunakaran, P.^1 ; Abdullah, A.H.^1 ; Nagapan, S.^1 ; Sohu, S.^1 ; Kasvar, K.K.^1

Faculty of Civil and Environmental Engineering (FKAAS), Universiti Tun Hussein Onn Malaysia, Parit Raja, Batu Pahat, Johor Darul Takzim

86400, Malaysia^1

关键词: Case-studies;    Construction project costs;    Cost management;    Cost overruns;    Literature reviews;    Malaysians;    Project cost;    Project management tools;   

Others  :  https://iopscience.iop.org/article/10.1088/1755-1315/140/1/012098/pdf
DOI  :  10.1088/1755-1315/140/1/012098

学科分类：环境科学（综合）

来源: IOP

【 摘 要 】

Cost overrun has been severely hit down the economy and reputations for many construction industry around the world. Many project management tools developed to control the budget of a project. However, the cost management is still considered poor as there are many cost overrun issues occurred in the construction industry. Thus, this paper aims to identify and cluster the potential construction project cost overrun factors according to their originating groups using the thematic approach. Basically, through literature review, all the potential factors that may cause cost overrun were screened thoroughly before they were clustered into seven (7) groups of the originating factors, namely project, contract, client, contractor, consultant, labour and external. Each potential factor was explained clearly with some examples based on the Malaysian case studies to illustrate the cost overrun scenario. These findings may aid in the future to highlight on how to mitigate the critical potential factors of cost overrun to reduce or overcome its impact on all the stakeholders involved.