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

Thesis Overview

The research project titled "Analysis of Cost Overruns in Construction Projects: A Case Study Approach in Quantity Surveying" aims to investigate the factors contributing to cost overruns in construction projects and analyze how Quantity Surveying practices can help mitigate these cost overruns. The construction industry is notorious for experiencing cost overruns, which can have detrimental effects on project budgets, schedules, and overall success. By conducting a detailed case study analysis, this research project seeks to provide valuable insights into the root causes of cost overruns and propose effective strategies for managing and preventing them. The study will begin with an introduction that highlights the importance of addressing cost overruns in construction projects and outlines the research objectives. The background of the study will provide a comprehensive overview of the construction industry, emphasizing the prevalence and impact of cost overruns on project outcomes. The problem statement will clearly define the research problem and justify the need for further investigation in this area. The research objectives will outline the specific goals of the study, including identifying key factors contributing to cost overruns, evaluating current Quantity Surveying practices, and proposing recommendations for improving cost management in construction projects. The limitations of the study will be acknowledged to provide a transparent understanding of the scope and boundaries of the research. The scope of the study will be clearly defined to establish the focus and extent of the investigation. The significance of the study will be emphasized to highlight the potential impact of the research findings on the construction industry and the field of Quantity Surveying. The structure of the thesis will be outlined to guide the reader through the organization and flow of the research project. Definitions of key terms will be provided to ensure clarity and understanding of essential concepts and terminology used throughout the study. The literature review will present a comprehensive analysis of existing research and scholarly works related to cost overruns in construction projects and Quantity Surveying practices. Key themes, theories, and findings from relevant literature will be synthesized to provide a theoretical framework for the study. The research methodology will detail the research design, data collection methods, sampling techniques, and data analysis procedures used in the study. The findings chapter will present the results of the case study analysis, highlighting the factors contributing to cost overruns and the effectiveness of Quantity Surveying interventions in managing project costs. Detailed discussions, analyses, and interpretations of the findings will be provided to offer deeper insights into the research outcomes. The conclusion and summary chapter will summarize the key findings, implications, and recommendations of the study, emphasizing the practical implications for industry practitioners and researchers. Overall, this research project aims to contribute valuable knowledge and insights to the field of Quantity Surveying by addressing the critical issue of cost overruns in construction projects. By combining theoretical perspectives with practical case study analysis, this study seeks to enhance understanding and promote effective cost management practices in the construction industry.