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, with a specific focus on the role of Quantity Surveyors in managing and mitigating these overruns. Cost overruns are a prevalent issue in the construction industry, leading to delays, disputes, and financial losses for project stakeholders. Quantity Surveyors play a crucial role in cost estimation, cost control, and overall project management, making them key players in addressing cost overruns. This study will involve a comprehensive literature review to explore existing theories, models, and empirical studies related to cost overruns in construction projects and the responsibilities of Quantity Surveyors in managing project costs. The literature review will provide a theoretical framework for the research and help identify gaps in the current knowledge that the study aims to address. The research methodology will involve a qualitative case study approach, focusing on real-world construction projects where cost overruns have occurred. Data will be collected through interviews with Quantity Surveyors, project managers, contractors, and other relevant stakeholders involved in the selected case studies. The collected data will be analyzed using thematic analysis to identify common themes, patterns, and factors contributing to cost overruns in construction projects. The findings of the study will provide insights into the specific factors that lead to cost overruns in construction projects and the effectiveness of Quantity Surveyors in managing and mitigating these overruns. By understanding these factors, stakeholders in the construction industry, including Quantity Surveyors, project managers, and contractors, can develop strategies to prevent and minimize cost overruns in future projects. Overall, this research project aims to contribute to the body of knowledge in Quantity Surveying by providing a detailed analysis of cost overruns in construction projects and the important role that Quantity Surveyors play in addressing this critical issue. The findings of the study will have practical implications for industry professionals, policymakers, and academics involved in the construction sector, helping to improve cost management practices and project outcomes in the field of Quantity Surveying.