scholarly journals Impacts of change management on risk and cost management of a construction projects

2019 ◽  
pp. 157-164 ◽  
Author(s):  
Mohamed Ibrahim Khalifa Halou ◽  
Razali Samin ◽  
Mushtaq Ahmad
Keyword(s):  
Change Management ◽  
Construction Projects ◽  
Cost Management

Research on Project Cost Management Model of Ecological Construction

2011 ◽  
Vol 480-481 ◽  
pp. 1197-1200
Author(s):  
Feng Liu ◽  
Jun Min Wang
Keyword(s):  
Project Management ◽  
Energy Consumption ◽  
Construction Projects ◽  
Cost Management ◽  
Building Energy ◽  
Management Model ◽  
Building Energy Consumption ◽  
Specific Cost ◽  
The Cost ◽  
Ecological Construction

In recent years, in order to reduce building energy consumption in China, and vigorously promote the development of ecological construction, the paper studies disadvantages of the cost of traditional project management applications in the ecological construction projects, exploring specific cost management adapt to the ecological construction project.

Implementation of project change management best practice in different project environments

2009 ◽  
Vol 36 (3) ◽  
pp. 439-449 ◽  
Author(s):  
Yi Zou ◽  
Sang-Hoon Lee
Keyword(s):  
Change Management ◽  
Construction Industry ◽  
Construction Projects ◽  
Best Practice ◽  
Change Orders ◽  
Project Outcomes ◽  
Construction Industry Institute ◽  
Project Characteristics ◽  
Project Data ◽  
The Relationship

Change orders are ubiquitous in construction projects, and effective and efficient control of changes is critical to project success. There have been many empirical suggestions as to how to manage changes for best project outcomes, but this research is specifically aimed at exploring the relationship between project characteristics and the implementation of project change management best practices (PCMBP). Construction project data for this research are derived from the Construction Industry Institute (CII) benchmarking and metrics (BM&M) database. Binary logistic regressions and factorial analysis of variance (ANOVA) are performed to find out the differences among diverse types of projects in terms of the extents to which the PCMBP elements have been implemented. The findings can assist construction industry practitioners with using PCMBP more purposefully in accordance with specific project characteristics so that they will be better able to develop and administer their project execution plans.

scholarly journals An Artificial Neural Network Approach to Predicting Most Applicable Post-Contract Cost Controlling Techniques in Construction Projects

2020 ◽  
Vol 10 (15) ◽  
pp. 5171 ◽  
Author(s):  
Temitope Omotayo ◽  
Awuzie Bankole ◽  
Ayokunle Olubunmi Olanipekun
Keyword(s):  
Decision Support ◽  
Construction Projects ◽  
Cost Management ◽  
Management Practice ◽  
Project Managers ◽  
Construction Process ◽  
Neural Network Approach ◽  
Cost Overruns ◽  
Effective Cost ◽  
Artificial Neural

The post-contract phase of the construction process remains critical to cost management. Several techniques have been used to facilitate effective cost management in this phase. However, the deployment of these techniques has not caused a reduction in the incidence of cost overruns hence casting doubts on their utility. The seeming underwhelming performance posted by these post-contract cost control techniques (PCCTs), has been traced to improper deployment by construction project managers (CPM) and quantity surveyors (QS). Utilizing the perspectives of CPM and QS professionals, as elicited through a survey, produced 135 samples. The instrumentality of the artificial neural networks (ANN) in this study enabled the development of a structured decision-support methodology for analysing the most appropriate PCCTs to be deployed to different construction process phases. Besides showcasing the utility of the emergent ANN-based decision support methodology, the study’s theoretical findings indicate that CPM and QS professionals influence decisions pertaining to PCCTs choice in distinct phases of the construction process. Whereas QS professionals were particularly responsible for the choice of PCCTs during the initial and mid-level phases, CPM professionals assumed responsibility for PCCTs selection during the construction process close-out phase. In construction cost management practice, the crucial PCCTs identifies more with the application of historical data and all cost monitoring approaches.

An Identification of Construction Project Overheads for Sustainable Cost Management and Controlling Practices (CMCPs)

2015 ◽  
Vol 776 ◽  
pp. 121-126
Author(s):  
Nyoman Martha Jaya ◽  
Ariany Frederika
Keyword(s):  
Literature Review ◽  
Construction Projects ◽  
Cost Management ◽  
Construction Project ◽  
Construction Stage ◽  
Sustainable Improvement ◽  
Project Costs ◽  
Percentage Basis

Project overheads are allocated on a percentage basis to project costs and common to maintain multiple cost objects, but cannot directly be distributed to construction activities. Construction project overheads have to be identified their cost behaviours properly in order to sustain Cost Management and Controlling Practices (CMCPs) during the construction stage. The literature review method identified forty seven (47)project overheads and categorised into four hierarchies (unit, batch, project, and facility levels). Therefore, the identification of project overheads should enable a sustainable improvement to the CMCPs in construction projects.

scholarly journals A New Cost Management System for Construction Projects to increase Competitiveness and Traceability in a Project Environment

2021 ◽  
Vol 24 (1) ◽  
pp. 31-47
Author(s):  
Hossein Toosi ◽  
Arezou Chamikarpour
Keyword(s):  
Construction Projects ◽  
Competitive Ability ◽  
Cost Control ◽  
Control Method ◽  
Cost Management ◽  
Structured Interview ◽  
Activity Based Costing ◽  
Project Environment ◽  
Target Cost

Un nuevo sistema de gestión de costes de proyectos de construcción para aumentar la competitividad y la trazabilidad para entornos de proyectos. El objetivo principal de la investigación es utilizar nuevos métodos de cálculo de costes en los proyectos de construcción para reducir y controlar las desviaciones de costes y algunas limitaciones que presentan los modelos tradicionales. La hipótesis de la investigación se basa en la capacidad sinérgica del cálculo de costes basado en actividades centradas en el rendimiento, en combinación con el método de cálculo de costes objetivo para fomentar la competitividad del sistema de control de costes para entornos de proyectos. El método se elaboró para controlar los gastos directos y generales del proyecto durante su ejecución. Se realizó una entrevista con 26 directores financieros en dos o cuatro ocasiones entre junio de 2016 y mayo de 2017 con el fin de validar y modificar el método. Siguiendo una entrevista semiestructurada, el método propuesto contribuyó a aumentar la precisión, la certidumbre y la rastreabilidad de los costes y proporcionó la integridad del sistema contable, técnico y operacional. Además, se analizan las desviaciones y se reducen los costes al considerar las condiciones competitivas y estratégicas. También se limita el coste objetivo de los paquetes de trabajo y se genera una alerta al finalizar cada uno de ellos. Además, de acuerdo con el test de Friedman, existe una capacidad competitiva significativa en comparación con el método convencional de control de costes en los proyectos y también se aplica en un estudio de caso. This research proposed a new method for project cost management based on Competitiveness and traceability in a case study and operational situation. The research hypothesis is based on the synergistic ability of performance focused activity-based costing in combination of the target costing method for encouraging competitiveness cost control system for project environments. The method was developed to control, direct and overhead costs of the project during its progress. Also, it uses the feature of activity-driven and different resource drivers to determine the types of costs with the effect of time driver for each activity. An interview was conducted with financial managers during two to four times with the aim of validating and modifying the method. According to a semi-structured interview, the proposed method contributed to increase the precision, certainty, traceability of costs and provided the integrity of the accounting, technical and operational system. It also analyzes deviations and reduces costs by considering competitive and strategic conditions. It's also limiting the target cost of work packages and causing an alarm on the completion of each. According to Friedman test, there is a meaningful competitive ability compared to the conventional cost control method in the projects and it is also implemented in a case study.

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