The Impact of task and technology characteristics on cost estimation performance in construction projects: A regression analysis
Accurate cost estimation is crucial for the success of construction projects worldwide. However, many projects encounter failures due to challenges in this area. Existing research has primarily focused on developing and comparing cost estimation methods, as well as identifying factors and best pract...
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| Format: | Article |
| Language: | English |
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Akademia Baru
2023
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| Online Access: | http://umpir.ump.edu.my/id/eprint/39995/ http://umpir.ump.edu.my/id/eprint/39995/1/The%20Impact%20of%20Task%20and%20Technology%20Characteristics%20on%20Cost.pdf |
| _version_ | 1848825921469939712 |
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| author | Mohammad Waffy, Fazil Puteri Fadzline, Muhamad Tamyez Lee, Chia Kuang |
| author_facet | Mohammad Waffy, Fazil Puteri Fadzline, Muhamad Tamyez Lee, Chia Kuang |
| author_sort | Mohammad Waffy, Fazil |
| building | UMP Institutional Repository |
| collection | Online Access |
| description | Accurate cost estimation is crucial for the success of construction projects worldwide. However, many projects encounter failures due to challenges in this area. Existing research has primarily focused on developing and comparing cost estimation methods, as well as identifying factors and best practices for improving cost estimation performance. Yet, only a limited number of studies have explored deeply into the relationship between these factors and cost estimation performance. This study aims to address this gap by investigating how task characteristics and cost estimation method characteristics affect cost estimation performance from the perspective of cost estimators. Data were collected from cost estimators in construction projects and subsequently analyzed using multiple regression analysis. The results demonstrate that task interdependence and the cost estimation method characteristics significantly impact the cost estimation performance. This study provides novel insights regarding the significance of these method characteristics and sheds light on which task characteristics influence the cost estimation performance. It also provides the importance of fostering a positive organizational culture to mitigate the adverse effects of task interdependence on cost estimation performance. Furthermore, this study recommends further exploration of the interaction between task and cost estimation method characteristics through task-technology fit theory or moderator analysis. |
| first_indexed | 2025-11-15T03:36:36Z |
| format | Article |
| id | ump-39995 |
| institution | Universiti Malaysia Pahang |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T03:36:36Z |
| publishDate | 2023 |
| publisher | Akademia Baru |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | ump-399952024-01-15T03:02:41Z http://umpir.ump.edu.my/id/eprint/39995/ The Impact of task and technology characteristics on cost estimation performance in construction projects: A regression analysis Mohammad Waffy, Fazil Puteri Fadzline, Muhamad Tamyez Lee, Chia Kuang HD Industries. Land use. Labor HD28 Management. Industrial Management TA Engineering (General). Civil engineering (General) TH Building construction Accurate cost estimation is crucial for the success of construction projects worldwide. However, many projects encounter failures due to challenges in this area. Existing research has primarily focused on developing and comparing cost estimation methods, as well as identifying factors and best practices for improving cost estimation performance. Yet, only a limited number of studies have explored deeply into the relationship between these factors and cost estimation performance. This study aims to address this gap by investigating how task characteristics and cost estimation method characteristics affect cost estimation performance from the perspective of cost estimators. Data were collected from cost estimators in construction projects and subsequently analyzed using multiple regression analysis. The results demonstrate that task interdependence and the cost estimation method characteristics significantly impact the cost estimation performance. This study provides novel insights regarding the significance of these method characteristics and sheds light on which task characteristics influence the cost estimation performance. It also provides the importance of fostering a positive organizational culture to mitigate the adverse effects of task interdependence on cost estimation performance. Furthermore, this study recommends further exploration of the interaction between task and cost estimation method characteristics through task-technology fit theory or moderator analysis. Akademia Baru 2023-12-28 Article PeerReviewed pdf en cc_by_nc_4 http://umpir.ump.edu.my/id/eprint/39995/1/The%20Impact%20of%20Task%20and%20Technology%20Characteristics%20on%20Cost.pdf Mohammad Waffy, Fazil and Puteri Fadzline, Muhamad Tamyez and Lee, Chia Kuang (2023) The Impact of task and technology characteristics on cost estimation performance in construction projects: A regression analysis. Journal of Advanced Research in Business and Management Studies, 33 (1). pp. 1-14. ISSN 2462-1935. (Published) https://doi.org/10.37934/arbms.33.1.114 https://doi.org/10.37934/arbms.33.1.114 |
| spellingShingle | HD Industries. Land use. Labor HD28 Management. Industrial Management TA Engineering (General). Civil engineering (General) TH Building construction Mohammad Waffy, Fazil Puteri Fadzline, Muhamad Tamyez Lee, Chia Kuang The Impact of task and technology characteristics on cost estimation performance in construction projects: A regression analysis |
| title | The Impact of task and technology characteristics on cost estimation performance in construction projects: A regression analysis |
| title_full | The Impact of task and technology characteristics on cost estimation performance in construction projects: A regression analysis |
| title_fullStr | The Impact of task and technology characteristics on cost estimation performance in construction projects: A regression analysis |
| title_full_unstemmed | The Impact of task and technology characteristics on cost estimation performance in construction projects: A regression analysis |
| title_short | The Impact of task and technology characteristics on cost estimation performance in construction projects: A regression analysis |
| title_sort | impact of task and technology characteristics on cost estimation performance in construction projects: a regression analysis |
| topic | HD Industries. Land use. Labor HD28 Management. Industrial Management TA Engineering (General). Civil engineering (General) TH Building construction |
| url | http://umpir.ump.edu.my/id/eprint/39995/ http://umpir.ump.edu.my/id/eprint/39995/ http://umpir.ump.edu.my/id/eprint/39995/ http://umpir.ump.edu.my/id/eprint/39995/1/The%20Impact%20of%20Task%20and%20Technology%20Characteristics%20on%20Cost.pdf |