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Analysis of Cost Overruns in Construction Projects: A Case Study Approach in Quantity Surveying

 

Table Of Contents


Chapter ONE

: Introduction 1.1 Introduction
1.2 Background of Study
1.3 Problem Statement
1.4 Objectives of Study
1.5 Limitations of Study
1.6 Scope of Study
1.7 Significance of Study
1.8 Structure of the Thesis
1.9 Definition of Terms

Chapter TWO

: Literature Review 2.1 Overview of Cost Overruns in Construction Projects
2.2 Factors Contributing to Cost Overruns
2.3 Previous Studies on Cost Overruns
2.4 Cost Control Techniques in Construction Projects
2.5 Importance of Quantity Surveyors in Cost Management
2.6 Best Practices in Cost Estimation and Control
2.7 Technology and Cost Overrun Prevention
2.8 Risk Management in Construction Projects
2.9 Client and Contractor Relationships
2.10 Benchmarking Cost Overruns in the Construction Industry

Chapter THREE

: Research Methodology 3.1 Research Design and Approach
3.2 Data Collection Methods
3.3 Sampling Techniques
3.4 Data Analysis Procedures
3.5 Questionnaire Development
3.6 Case Study Selection
3.7 Ethical Considerations
3.8 Limitations of the Methodology

Chapter FOUR

: Discussion of Findings 4.1 Analysis of Cost Overruns in Selected Construction Projects
4.2 Comparison of Actual Costs vs. Estimated Costs
4.3 Identification of Key Factors Contributing to Cost Overruns
4.4 Case Study Analysis and Recommendations
4.5 Lessons Learned from Successful Projects
4.6 Challenges Faced by Quantity Surveyors in Cost Management
4.7 Implementation of Cost Control Measures
4.8 Future Trends in Cost Management

Chapter FIVE

: Conclusion and Summary 5.1 Summary of Key Findings
5.2 Conclusions Drawn from the Study
5.3 Implications for Quantity Surveying Practice
5.4 Recommendations for Future Research
5.5 Closing Remarks

Thesis Abstract

Abstract
This thesis presents a comprehensive analysis of cost overruns in construction projects, focusing on the role of Quantity Surveying in managing and mitigating these overruns. The study adopts a case study approach to investigate the factors contributing to cost overruns in construction projects, with a specific emphasis on the challenges faced by Quantity Surveyors in controlling project costs. The research methodology includes a detailed literature review, data collection from multiple construction projects, and an in-depth analysis of the findings. The literature review in this study examines existing research on cost overruns in construction projects, Quantity Surveying practices, and strategies for cost management. The research methodology section outlines the data collection methods, data analysis techniques, and the criteria used for selecting case studies. The findings of the study are discussed comprehensively in Chapter Four, highlighting the key factors contributing to cost overruns, the specific challenges faced by Quantity Surveyors, and potential solutions to address these challenges. The results of this research provide valuable insights into the complexities of cost management in construction projects and the critical role of Quantity Surveying in ensuring project success. The study concludes with a summary of key findings, implications for practice, recommendations for future research, and the significance of this study in advancing the field of Quantity Surveying and construction project management. Overall, this thesis contributes to the existing body of knowledge on cost overruns in construction projects and provides practical recommendations for Quantity Surveyors, project managers, and stakeholders to effectively manage and mitigate cost overruns in construction projects.

Thesis Overview

The research 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, with a specific focus on the role of Quantity Surveyors in managing and mitigating these overruns. Cost overruns are a prevalent issue in the construction industry, leading to delays, disputes, and financial losses for project stakeholders. Quantity Surveyors play a crucial role in cost estimation, cost control, and overall project management, making them key players in addressing cost overruns. This study will involve a comprehensive literature review to explore existing theories, models, and empirical studies related to cost overruns in construction projects and the responsibilities of Quantity Surveyors in managing project costs. The literature review will provide a theoretical framework for the research and help identify gaps in the current knowledge that the study aims to address. The research methodology will involve a qualitative case study approach, focusing on real-world construction projects where cost overruns have occurred. Data will be collected through interviews with Quantity Surveyors, project managers, contractors, and other relevant stakeholders involved in the selected case studies. The collected data will be analyzed using thematic analysis to identify common themes, patterns, and factors contributing to cost overruns in construction projects. The findings of the study will provide insights into the specific factors that lead to cost overruns in construction projects and the effectiveness of Quantity Surveyors in managing and mitigating these overruns. By understanding these factors, stakeholders in the construction industry, including Quantity Surveyors, project managers, and contractors, can develop strategies to prevent and minimize cost overruns in future projects. Overall, this research project aims to contribute to the body of knowledge in Quantity Surveying by providing a detailed analysis of cost overruns in construction projects and the important role that Quantity Surveyors play in addressing this critical issue. The findings of the study will have practical implications for industry professionals, policymakers, and academics involved in the construction sector, helping to improve cost management practices and project outcomes in the field of Quantity Surveying.

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