Traynor, E H (1980) The application of factor analysis in the design of a cost control system. Construction Papers, 1(1), pp. 29-43. ISSN 0144-8587
Abstract
The objective of this paper is to describe the application of a mathematical technique in the evolution of a new system of design cost control for public sector housing. The design standards and cost limits are determined on an objective basis by the use of a factor analysis technique. A research project was undertaken to test the hypothesis: ‘that from an analysis of the housing decisions made by the house buyers in the private sector a system of control could be divided for the standards in the public sector’. The evolution of a design control system from the information gained during the research is shown. The new factor balance system is demonstrated together with a simplified version to encourage the adoption of the system.
| Item Type: | Article |
|---|---|
| Index terms: | housing, control system, evolution, cost control, design standard, factor analysis, public sector, private sector, design cost |
| Subjects: | construction type, environmental science, monitoring and control, economics, industry analysis, administrative law, statistical analysis, financial and cost management, technical documentation |
| Topics: | Legal Issues, Sustainability, Design Practice, Research Practice, Cost Management, Business Strategy, Construction Technology |
| Descriptive scope: | 3 PCA |
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