Cost Performance for Building Construction Projects
Journal of Building Performance ISSN: 2180-2106 Volume 1 Issue 1 2010 http://pkukmweb.ukm.my/~jsb/jbp/index.html
COST PERFORMANCE FOR BUILDING CONSTRUCTION PROJECTS IN KLANG VALLEY A.S. Ali*, S.N. Kamaruzzaman University of Malaya, Faculty of Built Environment Building Performance and Diagnostic Group 50603 Kuala Lumpur, Malaysia Tel: +603-7967 4494 Fax: 603-7967 5713 Corresponding Author: asafab@um.edu.my Abstract Since seventies, the economic of Malaysia has undergone rapid growth. Construction industry constitutes an important element of Malaysian economy. It shows how important to control and manage the projects in good quality and efficiently. There are four fundamental constraints needed to be considered when managing the construction projects, which are scope, cost, time, and quality. In order to manage the projects successfully, it is necessary to consider whether the project is within those four constraints. However, it found that there were many problems on cost performance in many countries. One of the major problems was cost overrun in construction projects. In Malaysia, the problem of cost overrun considered significance in construction industry. There were many factors that contribute to cost overrun in Malaysian construction projects. The factors might become risks and lead to negative effect to the projects. Hence, this research is to identify factors that contribute to cost overrun and potential measures to overcome the problem with the focus given to construction projects within Klang Valley. The method used in this research is quantitative based. A questionnaire survey conducted to collect data from the respondents that consisted of project manager, quantity surveyor, M & E Engineer, C & S Engineer, and other related respondents. Questionnaires were distributed to 30 respondents from construction firms in Klang Valley. Data collected form a database for analysis using Statistic Package for Social Sciences (SPSS) version 17.0. Descriptive
COST PERFORMANCE FOR BUILDING CONSTRUCTION PROJECTS IN KLANG VALLEY A.S. Ali*, S.N. Kamaruzzaman University of Malaya, Faculty of Built Environment Building Performance and Diagnostic Group 50603 Kuala Lumpur, Malaysia Tel: +603-7967 4494 Fax: 603-7967 5713 Corresponding Author: asafab@um.edu.my Abstract Since seventies, the economic of Malaysia has undergone rapid growth. Construction industry constitutes an important element of Malaysian economy. It shows how important to control and manage the projects in good quality and efficiently. There are four fundamental constraints needed to be considered when managing the construction projects, which are scope, cost, time, and quality. In order to manage the projects successfully, it is necessary to consider whether the project is within those four constraints. However, it found that there were many problems on cost performance in many countries. One of the major problems was cost overrun in construction projects. In Malaysia, the problem of cost overrun considered significance in construction industry. There were many factors that contribute to cost overrun in Malaysian construction projects. The factors might become risks and lead to negative effect to the projects. Hence, this research is to identify factors that contribute to cost overrun and potential measures to overcome the problem with the focus given to construction projects within Klang Valley. The method used in this research is quantitative based. A questionnaire survey conducted to collect data from the respondents that consisted of project manager, quantity surveyor, M & E Engineer, C & S Engineer, and other related respondents. Questionnaires were distributed to 30 respondents from construction firms in Klang Valley. Data collected form a database for analysis using Statistic Package for Social Sciences (SPSS) version 17.0. Descriptive