Loading...
Please wait, while we are loading the content...
Similar Documents
Expert opinion on risk level for factors affecting time and cost overrun along the project lifecycle in Malaysian Construction Projects
| Content Provider | Semantic Scholar |
|---|---|
| Author | Ismail, Ismaaini Binti Memon, Aftab Hameed Rahman, Ismail Abdul |
| Copyright Year | 2014 |
| Abstract | Construction projects in Malaysia are currently facing a severe problem of time and cost overrun. It is increasing with the rapid growth in development. The problem of time and cost overrun in resulted from various factors. These factors occur in construction projects at various phases and have different level of risk which is very essential to determine. Hence, this study is carried out through risk matrix for assessing risk level of various factors of time and cost overrun throughout the life cycle of a construction project. This research work involved 35 common factors of time and cost overrun identified from reviewing previous studies published worldwide. For assessing the relatively of those factors and determining their occurrence in various phase of project lifecycle, structured interviews were conducted with 5 experts from construction industry. Experts were asked about the occurrence and severity level of each factor along each phase which were analyzed with average index calculation and risk matrix. The findings revealed that the factors have low and medium risk on time and cost overrun during planning and design phase. While, in the construction phase majority of factors have medium risks and 5 factors have a high risk on time overrun while 6 factors have a high risk on cost overrun. The findings of this study give a better understanding to construction practitioners for risk level of the factors causing time and cost overrun in each phase of construction projects. This will help the practitioners in taking proper actions for improving construction time and cost performance. |
| Starting Page | 10 |
| Ending Page | 15 |
| Page Count | 6 |
| File Format | PDF HTM / HTML |
| Volume Number | 1 |
| Alternate Webpage(s) | http://zwgm.org/index.php/constructionjournal/article/download/36/_1 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
