Thesis Abstract

Title Analysis of Cost Overruns in Public Infrastructure Projects A Case Study Approach Abstract
Cost overruns in public infrastructure projects have been a persistent challenge worldwide, leading to significant financial implications and delays. This thesis aims to investigate the factors contributing to cost overruns in public infrastructure projects through a case study approach. The research focuses on identifying the root causes of cost overruns, analyzing their impacts on project outcomes, and proposing strategies for mitigating cost overruns in the future. The study begins with a comprehensive review of existing literature on cost overruns in infrastructure projects, highlighting key theories, concepts, and empirical evidence. By examining previous research, this thesis sets the stage for a deeper understanding of the complexities surrounding cost overruns and their implications for project management in the public sector. Methodologically, a qualitative case study approach is adopted to explore real-world instances of cost overruns in public infrastructure projects. Through in-depth interviews with project stakeholders, analysis of project documentation, and site visits, the research collects rich data to uncover the underlying causes of cost overruns and their specific manifestations in different project contexts. The findings of the study reveal a range of factors contributing to cost overruns, including inaccurate cost estimation, scope changes, delays in approvals and permits, unforeseen site conditions, and inadequate risk management practices. These factors interact and amplify each other, leading to significant cost escalations and schedule delays in infrastructure projects. Based on the empirical evidence and analysis, this thesis proposes a set of recommendations for addressing cost overruns in public infrastructure projects. These recommendations encompass improvements in project planning and design, enhanced risk assessment and management practices, stakeholder engagement strategies, and the adoption of innovative technologies to improve project delivery efficiency. In conclusion, the study underscores the critical importance of addressing cost overruns in public infrastructure projects to ensure the successful delivery of essential infrastructure assets. By understanding the root causes of cost overruns and implementing targeted interventions, project stakeholders can enhance project outcomes, optimize resource allocation, and contribute to the sustainable development of infrastructure systems. Overall, this thesis contributes to the body of knowledge on cost overruns in public infrastructure projects, offering valuable insights for practitioners, policymakers, and researchers seeking to improve the performance and resilience of infrastructure delivery systems in the face of cost uncertainties and project complexities.

Thesis Overview

The project titled "Analysis of Cost Overruns in Public Infrastructure Projects: A Case Study Approach" aims to investigate the factors contributing to cost overruns in public infrastructure projects and to propose strategies for mitigating these issues. Public infrastructure projects are crucial for economic development and societal progress. However, cost overruns are a common challenge faced by project stakeholders, leading to delays, financial burdens, and reduced project performance. This research seeks to delve deep into the root causes of cost overruns in public infrastructure projects and provide valuable insights for improving cost estimation and project management practices. The study will utilize a case study approach to analyze real-world examples of public infrastructure projects that have experienced significant cost overruns. By examining these cases in detail, the research aims to identify common patterns, challenges, and best practices that can inform future project planning and execution. Key aspects to be explored include the background of the projects, the initial cost estimates, the factors that led to cost overruns, and the impacts of these overruns on project outcomes. In addition, the research will investigate the roles of various stakeholders, such as government agencies, contractors, and consultants, in contributing to or mitigating cost overruns. Through a comprehensive literature review and data analysis, this research aims to generate practical recommendations for improving cost estimation accuracy, risk management practices, and project governance in public infrastructure projects. The findings of this study are expected to offer valuable insights for policymakers, project managers, and other stakeholders involved in the planning and execution of public infrastructure projects. By shedding light on the complexities of cost overruns in public infrastructure projects and proposing effective strategies for addressing them, this research seeks to contribute to the advancement of project management practices and the successful delivery of future infrastructure initiatives.