Riskness of time and cost overruns and the effectiveness of risk response measure strategies in the Libyan construction industry

Al-Gathafi, M M (2005) Riskness of time and cost overruns and the effectiveness of risk response measure strategies in the Libyan construction industry. PhD thesis, University of Liverpool, UK.

Abstract

Construction management, especially in the industrial sector, is vital for national development. A time overrun in the project implementation leads to overrun and loss to the nation. Many variables have an impact upon construction time and cost overruns in Libya. In this work, various factors affecting and contributing to the project implementation process will be identified and analysed. This will be done, therefore, as follows: To identify variables contributing and influencing construction time and cost overruns; To group and extract these variables into factors; To analyse the relationship of these factors and thereby enhance the understanding of construction delay and cost overruns. Because of such variation projects in Libya often suffer from delays and cost overruns which really offset some of its intended benefits. The prime variables of time and cost overruns will be identified through the research methodology. The research methodology will include the following: (1) Related literature reviews; (2) Field study and conducting such meeting with professional and practitioners involved in the construction of projects in Libya; (3) Development of questionnaire and selected respondents groups. Statistical analysis and significant test for ranking of factors w ill bec arries out based on these results and hence development of suitable and potential short and long term risk response strategy measuresto reliable and consistent costing.

Item Type: Thesis (Doctoral)
Uncontrolled Keywords: cost control; time control; project management; statistical analysis; Libya
Index terms: field study, literature review, strategy, risk response, overrun, cost control, variation, construction delay, questionnaire, practitioner, time control, Libya, time overrun, cost overrun, statistical analysis, research methodology, risk response strategy, effectiveness, costing, construction industry, implementation, project management, construction time
Subjects: contractual arrangements, data analysis and analytics, data science, financial and cost management, practitioner, data collection methods, research design and methodology, industry analysis, project controls, Geography, contractual condition, project management theory and practice, financial risk, management, performance management, accounting and finance, research methods
Topics: Time Control, Contract Administration, Cost Management, Business Strategy, Research Practice, Roles and Professions, Quality Management, Geographical Context, Project Management, Procurement
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