Beyond the causes: Rethinking mitigating measures to avert cost and time overruns in construction projects

Asiedu, R O; Adaku, E and Owusu-Manu, D-G (2017) Beyond the causes: Rethinking mitigating measures to avert cost and time overruns in construction projects. Construction Innovation, 17(3), pp. 363-380. ISSN 1471-4175

Abstract

An analysis of the critical failure factors of cost and time overruns in construction projects reveals that several short to medium term key strategies and mitigating measures are recommended to avert the occurrence of the overruns.

Item Type: Article
Uncontrolled Keywords: construction industry,cost overruns,factor analysis,focus group,mitigating measures,time overruns
Index terms: construction project, focus group, failure factor, overrun, strategy, factor analysis, mitigating measure, construction industry, time overrun, cost overrun
Subjects: risk assessment, data collection methods, financial and cost management, production management, financial risk, management, industry analysis, statistical analysis, project controls
Topics: Time Control, Cost Management, Business Strategy, Project Management, Research Practice, Risk Management
Descriptive scope: 5 PCTEA

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