Managing Delays in Construction Projects Aiming at Cost Overrun Minimization

Analysis of Cost Overrun in Highway Construction Projects Using Multiple Regression and Artificial Neural Networks

Cost overruns are more common in infrastructure projects especially, more common in road construction activities. There existed a need to develop a probabilistic cost overrun analysis model in construction projects as a decision support tool for contractors before the bidding stage. The objective of this study is to identify the critical factors affecting cost overrun and obtain statistical mod...

Managing Cost Overrun Risk in Project Funding Allocation

This paper discusses decision making of project funding allocation under uncertain project costs. Because project costs are uncertain and funding allocations may not necessarily match the costs required, each project is inherently subject to a cost overrun risk (COR). In this paper, a model is proposed in which project cost is treated as a factor with a probability density function. The decisio...

Delays in Construction Projects: Causes and Mitigation

Study on Construction Cost of Construction Projects

China is a country which has the largest investment amount in engineering construction in the world and which has the most construction projects. It is a significant subject for the extensive engineering managers to have effective engineering cost management in construction project management and to reasonably determine and control construction cost on the condition of ensuring construction qua...

Delays and cost increases in the construction of private residential projects in Kuwait

Time-delays and cost-increases associated with the construction of private residential projects in the State of Kuwait are determined. A person-interview survey of 450 randomly selected private residential project owners and developers in 27 representative districts in metropolitan Kuwait formed the database for the study. The socio-economic traits of the owners/developers, and the pre-construc...