Risk Assessment of Time and Cost Overrun Factors throughout Construction Project Lifecycle: Pilot Study
-
https://doi.org/10.14419/ijet.v7i3.20.22980 -
. -
Abstract
Construction industry is one of the important contributors to economic development of a country. However, this industry has being facing serious problems such as failure to complete projects within stipulated time and cost. Hence, this paper presents a study on assessing the risk of various factors in causing time and cost overruns throughout the construction life cycle. A pilot study which involved 5 construction experts was conducted to validate the factors and its location in the life cycle. Data collection was carried out using two round Delphi technique with 15 selected respondents. The study found that construction phase is having highest numbers of high risk factors of time and cost overruns.
-
References
[1] Le-Hoai, L., Lee, Y. D., & Lee, J. Y. (2008). Delay and cost overruns in Vietnam large construction projects: A comparison with other selected countries. KSCE Journal of Civil Engineering, 12(6), 367–377.
[2] Ali, A. S., & Kamaruzzaman, S. N. (2010). Cost performance for building construction projects in Klang Valley. Journal of Building Performance, 1(1), 110–118.
[3] Kaming, P. F., Olomolaiye, P. O., Holt, G. D., & Harris, F. C. (1997). Factors influencing construction time and cost overruns on high-rise projects in Indonesia. Construction Management and Economics, 15(1), 83–94.
[4] El-razek, M. E. A., Bassioni, H. A., & Mobarak, A. M. (2008). Causes of delay in building construction projects in Egypt. Journal of Construction Engineering and Management, 134(11), 831–841.
[5] Moura, H P, Teixeira, J. C., & Pires, B. (2007). Dealing with cost and time in the Portuguese construction industry, 1252–1265.
[6] Omoregie, A., & Radford, D. (2006). Infrastructure delays and cost escalation: causes and effects in Nigeria. In Proceeding of sixth international postgraduate research conference Netherlands, Delft University of Technology (pp. 79–93).
[7] Sambasivan, M., & Soon, Y. W. (2007). Causes and effects of delays in Malaysian construction industry. International Journal of Project Management, 25(5), 517–526.
[8] Yean, F., Ling, Y., Chan, S. L., Chong, E., & Ee, L. P. (2004). Predicting performance of design-build and design-bid-build projects. Journal of Construction Engineering and Management, 130(1), 75–83.
[9] Hartman, B. F. T., & Baldwin, A. (1995). Using technology to improve delphi method. Journal ojComputingin Civil Engineering, 9(4), 244–249.
[10] Linstone, H. A., &Turoff, M. (Eds.). (1975). The Delphi method: Techniques and applications.Reading, MA: Addison-Wesley.
[11] Linstone, H., & Turoff, M. (1979). The Delphi Method: tecniques and applications.
[12] Manoliadis, O., Tsolas, I., & Nakou, A. (2006). Sustainable construction and drivers of change in Greece: a Delphi study. Construction Management and Economics, 24(2), 113-120.
[13] Green, P. J. (1982). The content of a college-level outdoor leadership course. Paper presented at the Conference of the Northwest District Association for the American Alliance for Health, Physical Education, Recreation, and Dance, Spokane, WA.
[14] McCoy, A. P., Thabet, W., &Badinelli, R. (2009).Understanding the role of developer/builders in the concurrent commercialization of product innovation."European Journal of Innovation Management 12, (1), 102-128.
[15] Skutsch, M., & Hall, D. (1973).Delphi: Potential uses in education planning.Project Simu-School: Chicago component. Chicago, IL: Chicago Board of Education, Illinois Department of Facility Planning.
[16] Yousuf, M. I. (2007). Using experts’ opinions through Delphi technique. Practical Assessment, Research & Evaluation, 12(4), 1-8.
[17] Gupta, U. G., & Clarke, R. E., (1996). Theory and applications of the Delphi technique: A bibliography (1975–1994). Technological forecasting and social change 53(2), 185-211.
[18] Cuhls, K. (2003). Delphi Method. Retrieved 10 December 2014,from http://www.unido.org/fileadmin/ import /16959_ DelphiMethod.pdf
[19] Helmer, O. (1983).Looking forward: A guide to future research. Beverly Hills, CA: Sage.
[20] Dalkey, N. C., &Helmer, O. (1962).An experimental application of the Delphi method to the use of experts (Report No. RM-727-PR) (Abridged). Santa Monica, CA: The RANDCorporation.
[21] Xia, B., & Chan, A. P. C. (2010). Key competences of design-build clients in China. Journal of Facilities Management, 8(2), 114–129.
[22] Abdullah, M. R., Rahman, I. A., & Azis, A. A. A. (2010). Causes of delay in MARA management procurement construction projects. Journal of Surveying, Construction and Property, 1(1), 123–138.
[23] Deepti Aptikar (2005). Retrieved 10 December 2014, from: www.mtpinnacle.com/pdfs/RiskMatrix.pdf.
[24] Mahamid, I. (2011). Risk matrix for factors affecting time delay in road construction projects: owners’ perspective. Engineering, Construction and Architectural Management, 18(6), 609–617.
[25] Yang, Y. B., & Shen-Fen Ou, S. F. (2008). Using structural equation modeling to analyze relationships among key causes of delay in construction. Canadian Journal of Civil Engineering. (35), 321–332
-
Downloads
-
How to Cite
Abdul Rahman, I., Binti Ismail, I., & Musa Jaber, M. (2018). Risk Assessment of Time and Cost Overrun Factors throughout Construction Project Lifecycle: Pilot Study. International Journal of Engineering & Technology, 7(3.20), 717-723. https://doi.org/10.14419/ijet.v7i3.20.22980Received date: 2018-12-02
Accepted date: 2018-12-02