Project cost performance forecasting system
Forecasting project cost performance is a paramount important to the project controls process in construction industry. In making profits, today’s construction organization requires an ability to predict, well ahead of time, project performance. Thus, necessary and timely corrective actions need t...
| Main Authors: | , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2006
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| Subjects: | |
| Online Access: | http://eprints.utm.my/431/ http://eprints.utm.my/431/1/SitiRashidahMohd2006_Projectcostperformanceforecastingsystem.pdf |
| _version_ | 1848889919249842176 |
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| author | Mohd. Nasira, Siti Rashidah Abd. Majid, Muhd. Zaimi |
| author_facet | Mohd. Nasira, Siti Rashidah Abd. Majid, Muhd. Zaimi |
| author_sort | Mohd. Nasira, Siti Rashidah |
| building | UTeM Institutional Repository |
| collection | Online Access |
| description | Forecasting project cost performance is a paramount important to the project controls process in construction industry. In making profits, today’s construction organization requires an ability to predict, well ahead of time, project performance. Thus, necessary and timely corrective actions need to be taken if project lagged of time or exceed budget. As a consequence, there have been many studies on this aspect which develop theories and methods to improve the forecasting system. Through a critical review of forecasting method approaches, a number of issues are highlighted that concern of the types of forecasting approach, forecasting project cost performance at completion, cost variances in project performance, other critical parameters of project performance to be incorporated along with cost and ineffective methods in generating reliable and timely results and therefore providing early warning of cost performance overruns. Also, it provides fundamental for forecasting system designed for adaptability in a challenging environment and focused throughout on the delivering successful project. |
| first_indexed | 2025-11-15T20:33:49Z |
| format | Conference or Workshop Item |
| id | utm-431 |
| institution | Universiti Teknologi Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T20:33:49Z |
| publishDate | 2006 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | utm-4312017-08-13T08:57:44Z http://eprints.utm.my/431/ Project cost performance forecasting system Mohd. Nasira, Siti Rashidah Abd. Majid, Muhd. Zaimi TH Building construction Forecasting project cost performance is a paramount important to the project controls process in construction industry. In making profits, today’s construction organization requires an ability to predict, well ahead of time, project performance. Thus, necessary and timely corrective actions need to be taken if project lagged of time or exceed budget. As a consequence, there have been many studies on this aspect which develop theories and methods to improve the forecasting system. Through a critical review of forecasting method approaches, a number of issues are highlighted that concern of the types of forecasting approach, forecasting project cost performance at completion, cost variances in project performance, other critical parameters of project performance to be incorporated along with cost and ineffective methods in generating reliable and timely results and therefore providing early warning of cost performance overruns. Also, it provides fundamental for forecasting system designed for adaptability in a challenging environment and focused throughout on the delivering successful project. 2006-09 Conference or Workshop Item PeerReviewed application/pdf en http://eprints.utm.my/431/1/SitiRashidahMohd2006_Projectcostperformanceforecastingsystem.pdf Mohd. Nasira, Siti Rashidah and Abd. Majid, Muhd. Zaimi (2006) Project cost performance forecasting system. In: 6th Asia-Pacific Structural Engineering and Construction Conference, 5-6 September 2006, Kuala Lumpur, Malaysia. http://civil.utm.my/apsec2015/ |
| spellingShingle | TH Building construction Mohd. Nasira, Siti Rashidah Abd. Majid, Muhd. Zaimi Project cost performance forecasting system |
| title | Project cost performance forecasting system |
| title_full | Project cost performance forecasting system |
| title_fullStr | Project cost performance forecasting system |
| title_full_unstemmed | Project cost performance forecasting system |
| title_short | Project cost performance forecasting system |
| title_sort | project cost performance forecasting system |
| topic | TH Building construction |
| url | http://eprints.utm.my/431/ http://eprints.utm.my/431/ http://eprints.utm.my/431/1/SitiRashidahMohd2006_Projectcostperformanceforecastingsystem.pdf |