Relevancy of Factors and Mitigation Measures in Controlling Time and Cost Overrun towards Malaysian Environment
Nadzirah Roslan, Noor Yasmin Zainun, Aftab Hameed Memon
Abstract
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Nadzirah Roslan, Noor Yasmin Zainun, Aftab Hameed Memon
Abstract
Open-access reader
Construction projects are facing time and cost overrun globally. Since, this problem occurs due to various factors, hence for achieving successful construction projects, it is very important to control the responsible factors causing time and cost overrun. This study assessed the relevancy for each mitigation measures in relation with causative factors of time and cost overrun in Malaysian construction projects. A total of 56 mitigation measures were identified and correlated with the critical factors of time and cost overrun which were categorized into four phases of project life cycle. Data collection was done by conducting structured interviews amongst the experienced practitioners of the southern regions of Peninsular Malaysia.
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Construction projects are facing time and cost overrun globally. Since, this problem occurs due to various factors, hence for achieving successful construction projects, it is very important to control the responsible factors causing time and cost overrun. This study assessed the relevancy for each mitigation measures in relation with causative factors of time and cost overrun in Malaysian construction projects. A total of 56 mitigation measures were identified and correlated with the critical factors of time and cost overrun which were categorized into four phases of project life cycle. Data collection was done by conducting structured interviews amongst the experienced practitioners of the southern regions of Peninsular Malaysia.
Key concepts: Cost overrun, Cost control, Control (management), Business, Data collection, Risk analysis (engineering), Operations management, Engineering