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

Thesis Abstract

Abstract
This thesis investigates the critical issue of cost overruns in construction projects from a quantity surveying perspective, utilizing a case study approach to analyze the factors contributing to cost overruns and propose effective mitigation strategies. The study aims to enhance the understanding of cost estimation and management in construction projects to minimize the occurrence of cost overruns. The research begins with a comprehensive review of relevant literature on cost overruns in construction projects, highlighting the various factors that commonly lead to cost overruns and the challenges faced by quantity surveyors in managing project costs effectively. Through a critical analysis of existing studies and theories, this research aims to provide a solid foundation for the investigation of cost overruns in construction projects. Using a case study methodology, the research will examine real-life construction projects to identify the specific causes of cost overruns and assess the impact of these overruns on project outcomes. By analyzing multiple case studies, the research aims to identify common patterns and trends in cost overruns, enabling a deeper understanding of the underlying issues and challenges faced by quantity surveyors in managing project costs. The research methodology involves a combination of qualitative and quantitative data collection methods, including interviews with project stakeholders, analysis of project documentation, and statistical analysis of cost data. By triangulating data from multiple sources, the research aims to provide a comprehensive and robust analysis of cost overruns in construction projects. The findings of the research will be presented and discussed in detail, highlighting the key factors contributing to cost overruns and the implications for project management practices in the construction industry. The research will also propose a set of practical recommendations and strategies for mitigating cost overruns based on the identified factors and best practices in quantity surveying. In conclusion, this thesis contributes to the existing body of knowledge on cost overruns in construction projects by providing a detailed analysis of the factors contributing to cost overruns and proposing effective strategies for cost management. The research aims to enhance the capacity of quantity surveyors and project managers to anticipate and address cost overruns proactively, ultimately leading to improved project outcomes and client satisfaction in the construction industry.