Thesis Abstract

Abstract
This thesis investigates the critical issue of cost overruns in construction projects from a quantity surveying perspective, utilizing a case study approach to analyze the factors contributing to cost overruns and propose effective mitigation strategies. The study aims to enhance the understanding of cost estimation and management in construction projects to minimize the occurrence of cost overruns. The research begins with a comprehensive review of relevant literature on cost overruns in construction projects, highlighting the various factors that commonly lead to cost overruns and the challenges faced by quantity surveyors in managing project costs effectively. Through a critical analysis of existing studies and theories, this research aims to provide a solid foundation for the investigation of cost overruns in construction projects. Using a case study methodology, the research will examine real-life construction projects to identify the specific causes of cost overruns and assess the impact of these overruns on project outcomes. By analyzing multiple case studies, the research aims to identify common patterns and trends in cost overruns, enabling a deeper understanding of the underlying issues and challenges faced by quantity surveyors in managing project costs. The research methodology involves a combination of qualitative and quantitative data collection methods, including interviews with project stakeholders, analysis of project documentation, and statistical analysis of cost data. By triangulating data from multiple sources, the research aims to provide a comprehensive and robust analysis of cost overruns in construction projects. The findings of the research will be presented and discussed in detail, highlighting the key factors contributing to cost overruns and the implications for project management practices in the construction industry. The research will also propose a set of practical recommendations and strategies for mitigating cost overruns based on the identified factors and best practices in quantity surveying. In conclusion, this thesis contributes to the existing body of knowledge on cost overruns in construction projects by providing a detailed analysis of the factors contributing to cost overruns and proposing effective strategies for cost management. The research aims to enhance the capacity of quantity surveyors and project managers to anticipate and address cost overruns proactively, ultimately leading to improved project outcomes and client satisfaction in the construction industry.

Thesis Overview

The project titled "Analysis of Cost Overruns in Construction Projects: A Case Study Approach in Quantity Surveying" aims to investigate the factors contributing to cost overruns in construction projects from the perspective of quantity surveying. Cost overruns are a common issue in the construction industry and can have significant implications on project success, profitability, and stakeholder satisfaction. Therefore, understanding the root causes of cost overruns is crucial for effective project management and cost control. This research will utilize a case study approach to analyze real-life construction projects and identify the key factors that lead to cost overruns. By focusing on the role of quantity surveyors in cost estimation, cost control, and project management, the study aims to provide valuable insights into how these professionals can contribute to mitigating cost overruns and improving project outcomes. The research overview will involve a comprehensive review of relevant literature on cost overruns in construction projects, quantity surveying practices, and project management principles. By synthesizing existing knowledge and incorporating insights from industry experts, the study will develop a conceptual framework to guide the analysis of cost overrun factors in construction projects. Through interviews, surveys, and data analysis, the research will explore the experiences and perspectives of quantity surveyors, project managers, and other stakeholders involved in construction projects. By examining multiple case studies, the study will identify common trends, challenges, and best practices related to cost estimation, budgeting, procurement, and risk management in construction projects. The findings of this research are expected to contribute to the body of knowledge in quantity surveying, project management, and construction economics. By highlighting the importance of accurate cost estimation, proactive risk management, and effective communication among project stakeholders, the study aims to provide practical recommendations for improving cost control and minimizing cost overruns in construction projects. Overall, the project "Analysis of Cost Overruns in Construction Projects: A Case Study Approach in Quantity Surveying" seeks to enhance understanding of the complex factors influencing project costs and to support the development of strategies for achieving more successful and sustainable construction outcomes.