Analysis of Cost Overruns in Construction Projects: A Case Study Approach

Thesis Abstract

Abstract
Cost overruns in construction projects have been a prevalent issue that significantly impacts project outcomes and industry stakeholders. This thesis presents a comprehensive analysis of cost overruns in construction projects using a case study approach to identify the underlying factors contributing to these overruns. The study aims to provide valuable insights into the causes of cost overruns, their implications, and potential strategies for mitigation. Chapter One provides an introduction to the research topic, including the background of the study, problem statement, objectives, limitations, scope, significance, structure of the thesis, and definition of key terms. The chapter sets the stage for understanding the importance of addressing cost overruns in construction projects. Chapter Two presents a detailed literature review encompassing ten key areas related to cost overruns in construction projects. The review explores existing research, theories, and case studies to establish a comprehensive understanding of the factors contributing to cost overruns and the various perspectives on this critical issue. Chapter Three outlines the research methodology employed in this study, detailing the research design, data collection methods, sampling techniques, and data analysis procedures. The chapter also discusses the ethical considerations and limitations of the research approach. Chapter Four presents a thorough discussion of the findings derived from the case study analysis of construction projects experiencing cost overruns. The chapter examines the identified factors contributing to cost overruns, their interrelationships, and the implications for project outcomes. Chapter Five concludes the thesis by summarizing the key findings, implications for practice, and recommendations for addressing cost overruns in construction projects. The chapter also highlights the significance of the study, its contributions to the existing body of knowledge, and areas for future research. Overall, this thesis contributes to the understanding of cost overruns in construction projects and provides valuable insights for project managers, stakeholders, and policymakers to effectively manage and mitigate the impact of cost overruns on project success.