Eldin, N N (1987) Methodology for project management control in the construction industry. PhD thesis, Oklahoma State University, USA.
Abstract
Scope and method of study. This research was conducted to develop a new approach to evaluate the performance of construction projects. The new approach differs from the current common practice in two main areas. The traditional search for one integrated descriptor for the success or failure of the entire project is replaced by evaluating the performance of selected project components only. Next, a set of ratios analogous to the financial ratios used to appraise businesses were utilized to identify cost items having a potential for financial problems and to determine the monetary impact on the final project cost. A set of control ratios capable of describing the progress conditions of each project's work items was selected. Forecasts and performance indices utilizing the selected ratios were computed by examining the relationships between the actual and budgeted value of the control ratios. A problem detection technique was developed to detect areas in the project having potential financial problems. An algorithm was devised to identify the immediate cause(s) of such problems and to determine their monetary impact on the final project cost. Findings and conclusions. An actual construction project was included in the study as a numerical illustration of and as a guide to the application of the developed problem detection technique. The technique was successful in identifying the cost items having financial problems, determining the causes of such problems, and assessing their monetary impact on the final project cost. This investigation was limited to evaluating and detecting problems due to labor costs, material costs, and extra costs due to low labor productivity.
| Item Type: | Thesis (Doctoral) |
|---|---|
| Thesis advisor: | Hughes, R K |
| Uncontrolled Keywords: | failure; construction project; productivity; project cost; financial ratio |
| Index terms: | productivity, construction industry, project management, labour cost, investigation, labour productivity, project cost, financial ratio, construction project, methodology |
| Subjects: | project management theory and practice, production management, economics, research methods, management, cost management, industry analysis, data collection methods, economic analysis |
| Topics: | Procurement, Project Management, Research Practice, Cost Management, Business Strategy, Site Management |
| Descriptive scope: | 4 PCTA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here