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

Thesis Overview

The project titled "Analysis of Cost Overruns in Construction Projects: A Case Study Approach" aims to investigate the factors contributing to cost overruns in construction projects and explore potential solutions to mitigate these overruns. Cost overruns are a common challenge in the construction industry, leading to delays, disputes, and financial losses for all parties involved. By focusing on a case study approach, this research seeks to provide a detailed analysis of real-world scenarios to understand the root causes of cost overruns and identify effective strategies for cost management. The research will begin with a comprehensive literature review to examine existing studies, theories, and best practices related to cost overruns in construction projects. By synthesizing this information, the study aims to build a solid theoretical foundation for the analysis. The literature review will cover various aspects such as the causes of cost overruns, the impact on project performance, and different cost management techniques employed in the industry. Following the literature review, the research will delve into the methodology section, outlining the research design, data collection methods, and analytical techniques used in the study. The methodology will incorporate a mix of qualitative and quantitative approaches to gather data from multiple case studies, enabling a thorough investigation into the factors influencing cost overruns. The findings section will present a detailed analysis of the case studies, highlighting common trends, patterns, and key factors contributing to cost overruns in construction projects. This section aims to provide valuable insights into the specific challenges faced by project stakeholders and offer practical recommendations for improving cost management practices. In the conclusion and summary section, the research will consolidate the key findings and implications of the study, emphasizing the importance of proactive cost management strategies in construction projects. By critically evaluating the case study findings, the research aims to contribute to the existing body of knowledge on cost overruns and provide guidance for industry practitioners, project managers, and policymakers on how to effectively address this pervasive issue. Overall, this research project on the "Analysis of Cost Overruns in Construction Projects: A Case Study Approach" seeks to advance understanding of cost management challenges in the construction industry and offer evidence-based recommendations for enhancing project performance and reducing financial risks associated with cost overruns.