Thesis Abstract

Abstract
This thesis investigates the prevalent issue of cost overruns in construction projects, focusing on a specific region or country. The construction industry is known for facing challenges related to cost management, with cost overruns being a common occurrence that affects project outcomes. The primary objective of this research is to analyze the factors contributing to cost overruns in construction projects and to propose strategies for mitigating these risks. The study begins with a comprehensive literature review that explores existing theories, models, and empirical studies related to cost overruns in construction projects. Through this review, key factors influencing cost overruns are identified, providing a theoretical framework for the subsequent analysis. The research methodology employed in this study consists of a mixed-method approach, combining quantitative data analysis with qualitative case studies. Data will be collected through surveys, interviews, and document analysis to gather insights from project stakeholders, including clients, contractors, and consultants. The specific region or country selected for the case study will serve as the primary context for data collection and analysis. Findings from the data analysis are expected to reveal the most significant factors contributing to cost overruns in construction projects in the chosen region or country. These findings will be discussed in detail in Chapter Four, highlighting the root causes of cost overruns and their implications for project performance. Based on the research findings, recommendations and strategies for cost overrun prevention and management will be proposed in Chapter Five. These recommendations will draw upon best practices and industry standards, tailored to address the specific challenges faced in the selected region or country. The significance of this research lies in its potential to inform construction industry professionals, policymakers, and academics about the underlying causes of cost overruns in construction projects. By identifying key factors and proposing practical solutions, this study aims to contribute to improved cost management practices and project outcomes in the construction sector. In conclusion, this thesis offers a comprehensive analysis of cost overruns in construction projects in a specific region or country, providing valuable insights and recommendations for addressing this critical issue. The findings of this research have the potential to enhance project delivery processes, reduce financial risks, and improve overall project performance in the construction industry.

Thesis Overview

The project titled "Analysis of Cost Overruns in Construction Projects: A Case Study of [specific region or country]" aims to investigate the prevalent issue of cost overruns in construction projects within a specific region or country. Cost overruns have become a significant concern in the construction industry globally, leading to financial losses, delays, disputes, and overall project inefficiencies. By focusing on a specific region or country, this research seeks to provide valuable insights into the factors contributing to cost overruns and propose effective strategies for mitigating these challenges. The study will begin with a comprehensive literature review to examine existing research on cost overruns in construction projects. This review will cover various aspects such as the causes of cost overruns, the impact on project outcomes, and the best practices for cost management in construction. By synthesizing and analyzing the existing literature, the research aims to identify common trends and gaps in knowledge that will guide the empirical investigation. The empirical phase of the research will involve a detailed case study of construction projects within the chosen region or country. Data collection methods such as interviews, surveys, and document analysis will be employed to gather information on project budgets, actual costs, project timelines, and the factors influencing cost overruns. By analyzing this data, the research aims to identify the most prevalent causes of cost overruns in the specific context under study. Furthermore, the research will explore the implications of cost overruns on project performance, stakeholder relationships, and overall project success. By examining real-world case studies within the chosen region or country, the study aims to provide a nuanced understanding of the complex interplay of factors that contribute to cost overruns in construction projects. Based on the findings from the literature review and the empirical investigation, the research will propose practical recommendations and strategies for mitigating cost overruns in construction projects. These recommendations will be tailored to the specific challenges and opportunities present in the chosen region or country, with the aim of improving cost management practices and enhancing project outcomes. Overall, this research project seeks to contribute to the body of knowledge on cost overruns in construction projects by providing a detailed analysis of the issue within a specific regional or national context. By identifying the root causes of cost overruns and proposing targeted solutions, the study aims to assist stakeholders in the construction industry in improving project cost management practices and achieving more successful project outcomes.