The moderating effect of project complexity on the relationship between organizational controls and cost estimation performance: A conceptual model

Cost overrun in construction projects is high and expected to rise. The improvement of cost estimation performance is vital as it provides a better chance for the construction projects to avoid cost blowouts. In this paper, an extensive literature review is conducted from online databases such as We...

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Main Authors: M. W., Fazil, Lee, Chia Kuang, P. F. M., Tamyez
Format: Conference or Workshop Item
Language:English
Published: IOP Science 2022
Subjects:
Online Access:http://umpir.ump.edu.my/id/eprint/35807/
http://umpir.ump.edu.my/id/eprint/35807/1/The%20moderating%20effect%20of%20project%20complexity.pdf
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author M. W., Fazil
Lee, Chia Kuang
P. F. M., Tamyez
author_facet M. W., Fazil
Lee, Chia Kuang
P. F. M., Tamyez
author_sort M. W., Fazil
building UMP Institutional Repository
collection Online Access
description Cost overrun in construction projects is high and expected to rise. The improvement of cost estimation performance is vital as it provides a better chance for the construction projects to avoid cost blowouts. In this paper, an extensive literature review is conducted from online databases such as Web of Science, Scopus, and Google Scholar which focus on organization controls and its mechanisms to improve cost estimation performance in the construction industry. While many prior studies on cost estimation emphasized investigating cost estimation methods to improve the performance of cost estimation, less attention was given to organizational and project factors. Several studies have explored the effects of organizational control on performance but failed to include project complexity in the relationship between organizational controls and performance. Therefore, this paper conceptualizes the effect of organizational controls on cost estimation performance with project complexity as a moderator. This proposition suggests project complexity has advantages and disadvantages on organizational controls. Each control mechanism has its feature and effectiveness in high complexity projects. Hence, managers should select appropriate control mechanisms, such as input control and output control that have high effectiveness on the performance.
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spelling ump-358072023-09-25T02:03:27Z http://umpir.ump.edu.my/id/eprint/35807/ The moderating effect of project complexity on the relationship between organizational controls and cost estimation performance: A conceptual model M. W., Fazil Lee, Chia Kuang P. F. M., Tamyez HD Industries. Land use. Labor Cost overrun in construction projects is high and expected to rise. The improvement of cost estimation performance is vital as it provides a better chance for the construction projects to avoid cost blowouts. In this paper, an extensive literature review is conducted from online databases such as Web of Science, Scopus, and Google Scholar which focus on organization controls and its mechanisms to improve cost estimation performance in the construction industry. While many prior studies on cost estimation emphasized investigating cost estimation methods to improve the performance of cost estimation, less attention was given to organizational and project factors. Several studies have explored the effects of organizational control on performance but failed to include project complexity in the relationship between organizational controls and performance. Therefore, this paper conceptualizes the effect of organizational controls on cost estimation performance with project complexity as a moderator. This proposition suggests project complexity has advantages and disadvantages on organizational controls. Each control mechanism has its feature and effectiveness in high complexity projects. Hence, managers should select appropriate control mechanisms, such as input control and output control that have high effectiveness on the performance. IOP Science 2022 Conference or Workshop Item PeerReviewed pdf en cc_by http://umpir.ump.edu.my/id/eprint/35807/1/The%20moderating%20effect%20of%20project%20complexity.pdf M. W., Fazil and Lee, Chia Kuang and P. F. M., Tamyez (2022) The moderating effect of project complexity on the relationship between organizational controls and cost estimation performance: A conceptual model. In: IOP Conference Series: Earth and Environmental Science, 5th International Conference on Research Methodology for Built Environment and Engineering (ICRMBEE) 2021 , 10 November 2021 , Shah Alam, Malaysia. pp. 1-10., 1067 (012045). ISSN 1755-1315 (Published) https://doi.org/10.1088/1755-1315/1067/1/012045
spellingShingle HD Industries. Land use. Labor
M. W., Fazil
Lee, Chia Kuang
P. F. M., Tamyez
The moderating effect of project complexity on the relationship between organizational controls and cost estimation performance: A conceptual model
title The moderating effect of project complexity on the relationship between organizational controls and cost estimation performance: A conceptual model
title_full The moderating effect of project complexity on the relationship between organizational controls and cost estimation performance: A conceptual model
title_fullStr The moderating effect of project complexity on the relationship between organizational controls and cost estimation performance: A conceptual model
title_full_unstemmed The moderating effect of project complexity on the relationship between organizational controls and cost estimation performance: A conceptual model
title_short The moderating effect of project complexity on the relationship between organizational controls and cost estimation performance: A conceptual model
title_sort moderating effect of project complexity on the relationship between organizational controls and cost estimation performance: a conceptual model
topic HD Industries. Land use. Labor
url http://umpir.ump.edu.my/id/eprint/35807/
http://umpir.ump.edu.my/id/eprint/35807/
http://umpir.ump.edu.my/id/eprint/35807/1/The%20moderating%20effect%20of%20project%20complexity.pdf