Developing A Preventive Cost Control Model By Utilising Early Warnings And Risks
| dc.contributor.author | Bahaudin, Ahmad Yusni | |
| dc.date.accessioned | 2019-01-04T07:10:16Z | |
| dc.date.available | 2019-01-04T07:10:16Z | |
| dc.date.issued | 2011-11 | |
| dc.description.abstract | The study of project control (cost control in particular) has only received limited attention in the Malaysian construction industry. The conventional project control system is basically corrective based, where project problems may have already occurred and the company may have experienced losses. An effective project control system must be able to anticipate emerging or unforeseeable problems, a deviation from the classical project methods which are often slow where problems may already exist. Early warnings can be included as part of the project risk management theories because “problem” and “risk” are apparently related to each other. The aim of this study is to develop a preventive cost control model that can be adopted by contractors to prevent or reduce unnecessary cost overruns. The research which is based on the construction industry addresses the utilisation of cost control after award of tender and during construction. Major emphasis has been placed on analysing the experiences of the respondents with regards to cost control and early warnings. This research will identify early warning signals, problems and risks in an attempt to introduce the concept of preventive cost control utilising early warnings and risks. This research attempts to incorporate early warnings as an enhancement to the conventional project cost control procedures. The methodology undertaken is wholly qualitative utilising the semi-grounded theory approach and primary data collected from interviews performed on thirty contracting companies. The grounded theory methodology is preferred because early warnings is a relatively new concept in the Malaysian construction industry and the data to be collected is concerned about expressions of the experiences and feelings of the respondents regarding early warnings and cost control. Grounded theory analysis is performed with risk analysis (risk assessment matrix tables) and early warnings analysis (early warnings, cause, problem relationship). | en_US |
| dc.identifier.uri | http://hdl.handle.net/123456789/7453 | |
| dc.language.iso | en | en_US |
| dc.publisher | Universiti Sains Malaysia | en_US |
| dc.subject | Developing a preventive cost control model | en_US |
| dc.subject | utilising early warnings and risks | en_US |
| dc.title | Developing A Preventive Cost Control Model By Utilising Early Warnings And Risks | en_US |
| dc.type | Thesis | en_US |
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