Cost estimation performance in the Construction Projects: A systematic review and future directions.

Cost estimation in a construction project is very critical to avoid cost overrun in the project. This paper aims to provide a basis to improve cost estimation performance in construction through a systematic review of previous studies for the last 31 years. The papers identified a total of 238 const...

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Main Authors: Mohammad Waffy, Fazil, Lee, Chia Kuang, Puteri Fadzline, Muhamad Tamyez
Format: Article
Language:English
Published: Penerbit Universiti Malaysia Pahang 2021
Subjects:
Online Access:http://umpir.ump.edu.my/id/eprint/33248/
http://umpir.ump.edu.my/id/eprint/33248/1/COST%20%20ESTIMATION%20%20PERFORMANCE.pdf
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author Mohammad Waffy, Fazil
Lee, Chia Kuang
Puteri Fadzline, Muhamad Tamyez
author_facet Mohammad Waffy, Fazil
Lee, Chia Kuang
Puteri Fadzline, Muhamad Tamyez
author_sort Mohammad Waffy, Fazil
building UMP Institutional Repository
collection Online Access
description Cost estimation in a construction project is very critical to avoid cost overrun in the project. This paper aims to provide a basis to improve cost estimation performance in construction through a systematic review of previous studies for the last 31 years. The papers identified a total of 238 construction cost estimation papers in 23 journals. Only 33 papers focused on factors influencing the performance of cost estimation. These papers were then analyzed, synthesized, and summarized in terms of the distribution across countries and citation influences. The factors of cost estimation performance were clustered into several themes with most of the factors in control themes. The factors in control themes are cluttered based on Organizational Control Theory (OCT). However, control themes provide less conceptual basis and dynamic to explain cost estimation performance and relationship among the factors. Therefore, this study reclassified other factors of cost estimation performance with reference to Contingency Theory (CT) and Task Technology Fit Theory (TTFT). Hence, a new framework with a relationship among the factors and cost estimation performance was developed. Further development and research of using the CT and TTFT frameworks were also discussed.
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spelling ump-332482022-03-22T05:35:24Z http://umpir.ump.edu.my/id/eprint/33248/ Cost estimation performance in the Construction Projects: A systematic review and future directions. Mohammad Waffy, Fazil Lee, Chia Kuang Puteri Fadzline, Muhamad Tamyez H Social Sciences (General) Cost estimation in a construction project is very critical to avoid cost overrun in the project. This paper aims to provide a basis to improve cost estimation performance in construction through a systematic review of previous studies for the last 31 years. The papers identified a total of 238 construction cost estimation papers in 23 journals. Only 33 papers focused on factors influencing the performance of cost estimation. These papers were then analyzed, synthesized, and summarized in terms of the distribution across countries and citation influences. The factors of cost estimation performance were clustered into several themes with most of the factors in control themes. The factors in control themes are cluttered based on Organizational Control Theory (OCT). However, control themes provide less conceptual basis and dynamic to explain cost estimation performance and relationship among the factors. Therefore, this study reclassified other factors of cost estimation performance with reference to Contingency Theory (CT) and Task Technology Fit Theory (TTFT). Hence, a new framework with a relationship among the factors and cost estimation performance was developed. Further development and research of using the CT and TTFT frameworks were also discussed. Penerbit Universiti Malaysia Pahang 2021-05-17 Article PeerReviewed pdf en http://umpir.ump.edu.my/id/eprint/33248/1/COST%20%20ESTIMATION%20%20PERFORMANCE.pdf Mohammad Waffy, Fazil and Lee, Chia Kuang and Puteri Fadzline, Muhamad Tamyez (2021) Cost estimation performance in the Construction Projects: A systematic review and future directions. International Journal of Industrial Management (IJIM), 11 (1). pp. 217-234. ISSN 2289-9286 (Print); 0127-564x (Online). (Published) https://doi.org/10.15282/ijim.11.1.2021.6131 https://doi.org/10.15282/ijim.11.1.2021.6131
spellingShingle H Social Sciences (General)
Mohammad Waffy, Fazil
Lee, Chia Kuang
Puteri Fadzline, Muhamad Tamyez
Cost estimation performance in the Construction Projects: A systematic review and future directions.
title Cost estimation performance in the Construction Projects: A systematic review and future directions.
title_full Cost estimation performance in the Construction Projects: A systematic review and future directions.
title_fullStr Cost estimation performance in the Construction Projects: A systematic review and future directions.
title_full_unstemmed Cost estimation performance in the Construction Projects: A systematic review and future directions.
title_short Cost estimation performance in the Construction Projects: A systematic review and future directions.
title_sort cost estimation performance in the construction projects: a systematic review and future directions.
topic H Social Sciences (General)
url http://umpir.ump.edu.my/id/eprint/33248/
http://umpir.ump.edu.my/id/eprint/33248/
http://umpir.ump.edu.my/id/eprint/33248/
http://umpir.ump.edu.my/id/eprint/33248/1/COST%20%20ESTIMATION%20%20PERFORMANCE.pdf