An exploration of cost overrun in building construction projects
Purpose: Within the context of promoting financial stability of Islamic countries, this study is focusing on the issue of cost overrun in building construction projects in Malaysia, the objectives of this study are to determine causes of cost overrun in building construction projects and to identify...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Universal Publishers - Boca Raton, Florida, USA
2018
|
| Subjects: | |
| Online Access: | http://irep.iium.edu.my/68421/ http://irep.iium.edu.my/68421/1/68421_An%20Exploration%20of%20Cost%20Overrun.pdf |
| _version_ | 1848786938528530432 |
|---|---|
| author | Tan, Chin Keng Mansor, Norizzati Yeoh, Kah Ching |
| author_facet | Tan, Chin Keng Mansor, Norizzati Yeoh, Kah Ching |
| author_sort | Tan, Chin Keng |
| building | IIUM Repository |
| collection | Online Access |
| description | Purpose: Within the context of promoting financial stability of Islamic countries, this study is focusing on the issue of cost overrun in building construction projects in Malaysia, the objectives of this study are to determine causes of cost overrun in building construction projects and to identify the strategies to overcome cost overrun problem in building construction projects.
Design/methodology/approach: The data obtained from the questionnaires survey were analyzed by using Statistical Package for Social Science (SPSS) version 20.
Findings: The study concludes that design changes and project delays are the major causes of cost overrun in building construction projects. The suggested strategies to reduce these problems are to ensure the project designs are detail, to ensure the design changes are with authorization of relevant project party, to get in-depth information on the complicated parts of a project, and to prepare a detailed material schedule planning in accordance with the scope of works to prevent premature material delivery to site.
Research limitations/implications: The findings of the study are based on responses from thirty-two (32) respondents.
Practical implications: The study has proposed several strategies to overcome cost overrun problem in building construction projects.
Originality/value: The findings of this study has practical value towards the development of the construction industry. |
| first_indexed | 2025-11-14T17:16:59Z |
| format | Article |
| id | iium-68421 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T17:16:59Z |
| publishDate | 2018 |
| publisher | Universal Publishers - Boca Raton, Florida, USA |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-684212018-12-18T06:07:18Z http://irep.iium.edu.my/68421/ An exploration of cost overrun in building construction projects Tan, Chin Keng Mansor, Norizzati Yeoh, Kah Ching HD28 Management. Industrial Management Purpose: Within the context of promoting financial stability of Islamic countries, this study is focusing on the issue of cost overrun in building construction projects in Malaysia, the objectives of this study are to determine causes of cost overrun in building construction projects and to identify the strategies to overcome cost overrun problem in building construction projects. Design/methodology/approach: The data obtained from the questionnaires survey were analyzed by using Statistical Package for Social Science (SPSS) version 20. Findings: The study concludes that design changes and project delays are the major causes of cost overrun in building construction projects. The suggested strategies to reduce these problems are to ensure the project designs are detail, to ensure the design changes are with authorization of relevant project party, to get in-depth information on the complicated parts of a project, and to prepare a detailed material schedule planning in accordance with the scope of works to prevent premature material delivery to site. Research limitations/implications: The findings of the study are based on responses from thirty-two (32) respondents. Practical implications: The study has proposed several strategies to overcome cost overrun problem in building construction projects. Originality/value: The findings of this study has practical value towards the development of the construction industry. Universal Publishers - Boca Raton, Florida, USA 2018-12 Article PeerReviewed application/pdf en http://irep.iium.edu.my/68421/1/68421_An%20Exploration%20of%20Cost%20Overrun.pdf Tan, Chin Keng and Mansor, Norizzati and Yeoh, Kah Ching (2018) An exploration of cost overrun in building construction projects. Global Business and Management Research: An International Journal, 10 (3 (Special Issue on Business Sustainability in an Era of Digital Disruption)). pp. 638-646. ISSN 1947-5667 E-ISSN 1947-5667 http://www.gbmr.ioksp.com/vol10no3.htm |
| spellingShingle | HD28 Management. Industrial Management Tan, Chin Keng Mansor, Norizzati Yeoh, Kah Ching An exploration of cost overrun in building construction projects |
| title | An exploration of cost overrun in building construction projects |
| title_full | An exploration of cost overrun in building construction projects |
| title_fullStr | An exploration of cost overrun in building construction projects |
| title_full_unstemmed | An exploration of cost overrun in building construction projects |
| title_short | An exploration of cost overrun in building construction projects |
| title_sort | exploration of cost overrun in building construction projects |
| topic | HD28 Management. Industrial Management |
| url | http://irep.iium.edu.my/68421/ http://irep.iium.edu.my/68421/ http://irep.iium.edu.my/68421/1/68421_An%20Exploration%20of%20Cost%20Overrun.pdf |