Study on mitigation factors for controlling cost overrun in construction project
The construction industry plays an influential role in the socio-economy of a country. In Malaysia also, the construction industry is one of essential industry participating significantly in the growth of socio-economic development. The construction industry in Malaysia are still facing a sign...
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Format: | Thesis |
Language: | English English English |
Published: |
2018
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Online Access: | http://eprints.uthm.edu.my/1184/1/24p%20FATEHI%20MANSOOR%20SAAD%20ABDULLAH.pdf http://eprints.uthm.edu.my/1184/3/FATEHI%20MANSOOR%20SAAD%20ABDULLAH%20COPYRIGHT%20DECLARATION.pdf http://eprints.uthm.edu.my/1184/2/FATEHI%20MANSOOR%20SAAD%20ABDULLAH%20WATERMARK.pdf |
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Summary: | The construction industry plays an influential role in the socio-economy of a country.
In Malaysia also, the construction industry is one of essential industry participating
significantly in the growth of socio-economic development. The construction industry
in Malaysia are still facing a significant issue of cost overrun, where only 46.8% of
public sector and 37.2% of private sector projects were completed within the specified
budget. The issue of cost overrun has become a serious concern to investors, which
needs stern attention and in-depth research to put forward solutions to this issue. The
objectives of this research are to investigate current mitigation practices for controlling
cost overrun in construction projects, to identify mitigation problems for controlling
cost overrun in construction projects and to recommend key mitigation factors for
controlling cost overrun in construction projects. The research was take place in Johor
Bahru the capital of Johor State. The research based on quantitative research by using
questionnaire to carry out the research. The questionnaire was designed based on the
objectives each objective has ten statements with one option, in order to get accuracy
results. A total of 80 questionnaires were gathered from a total of 220 contractors of
G7 distributed at Johor Bahru. Data collected was analysed using the Statistical
Package for the Social Science 22.0 software. The method of analysis that had being
used in this research is percentage, frequency and means score value. There is
dissatisfaction about the current mitigation practices for controlling cost overrun.
Moreover, the study proves that there are mitigation problems faced by contractors.
Furthermore, majority of the respondents agreed to the recommendation provided by
the study to control cost overrun. Respondents have been recommended that may will
be effectiveness to keep construction project within budget. In conclusion, the research
has been introduced and recommended major mitigation factors for controlling cost
overrun may will help construction industry achieve project within budget. |
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