Thesis Abstract

Abstract
Construction projects are often plagued by cost overruns, leading to significant financial implications and delays. The aim of this study is to analyze the factors contributing to cost overruns in construction projects, using a case study approach. The research will focus on identifying the root causes of cost overruns, exploring their impact on project outcomes, and proposing strategies to mitigate and manage cost overruns effectively. The study will begin with an introduction that provides an overview of the research background and rationale for the study. The background of the study will delve into the existing literature on cost overruns in construction projects, highlighting the prevalence and consequences of this issue. The problem statement will outline the specific challenges faced by the construction industry related to cost overruns, emphasizing the need for in-depth analysis and solutions. The objectives of the study include identifying the key factors contributing to cost overruns, evaluating their impact on project performance, and developing practical recommendations for cost overrun prevention and management. The limitations of the study will be acknowledged, including potential constraints in data collection and analysis. The scope of the study will encompass a detailed examination of cost overruns in construction projects, focusing on a specific case study to provide a comprehensive understanding of the issue. The significance of the study lies in its potential to inform industry stakeholders, project managers, and policy-makers about effective strategies for cost overrun mitigation. The structure of the thesis will be outlined, detailing the organization of chapters and the flow of content. Definitions of key terms related to cost overruns in construction projects will be provided to ensure clarity and understanding throughout the study. Chapter two will present a thorough literature review, analyzing existing research on cost overruns, project management, and risk factors in construction projects. The review will highlight common causes of cost overruns and best practices for cost management in construction. Chapter three will detail the research methodology, including the research design, data collection methods, and analysis techniques. The chapter will describe how the case study approach will be implemented to investigate cost overruns in construction projects. Chapter four will present the findings of the study, identifying the main factors contributing to cost overruns in the selected case study. The discussion will explore the implications of these findings and propose recommendations for addressing cost overruns in future projects. Chapter five will offer a conclusion and summary of the thesis, highlighting the key insights gained from the study and the implications for practice. The chapter will conclude with recommendations for future research and practical applications in the field of construction project management. Overall, this thesis aims to provide valuable insights into the complex issue of cost overruns in construction projects, offering practical recommendations for improving project outcomes and reducing financial risks.

Thesis Overview

The project titled "Analysis of Cost Overruns in Construction Projects: A Case Study Approach" aims to investigate the factors contributing to cost overruns in construction projects and analyze their impacts. Cost overruns are a common issue in the construction industry, leading to significant financial implications and delays in project completion. By conducting a detailed case study approach, this research seeks to provide valuable insights into the root causes of cost overruns and recommend effective strategies to mitigate them. The research will begin with a comprehensive literature review to examine existing studies on cost overruns in construction projects. This will help establish a solid theoretical framework and identify key factors influencing cost overruns, such as inaccurate cost estimation, scope changes, procurement issues, and external factors like economic conditions and regulatory changes. Subsequently, the research methodology will be outlined, detailing the data collection methods, sampling techniques, and data analysis procedures. The case study approach will involve selecting a real-world construction project and analyzing its cost overrun issues through interviews, surveys, and document analysis. The data collected will be analyzed using qualitative and quantitative techniques to identify patterns and trends in cost overruns. The findings of the research will be presented in Chapter Four, where a detailed discussion of the identified factors contributing to cost overruns will be provided. This chapter will also explore the impacts of cost overruns on project outcomes, stakeholders, and the construction industry as a whole. Practical recommendations and strategies to prevent or minimize cost overruns will be proposed based on the research findings. In the final chapter, the research will conclude with a summary of key findings and insights gained from the study. The significance of the research in addressing the critical issue of cost overruns in construction projects will be emphasized, along with suggestions for future research directions in this area. Overall, this project aims to contribute to the body of knowledge in construction management and provide valuable guidance for industry professionals in effectively managing cost overruns in construction projects.