Analysis of Cost Overruns in Construction Projects: A Case Study of [Specific Location]

Thesis Abstract

Abstract
This thesis presents an in-depth investigation into the prevalent issue of cost overruns in construction projects, focusing on a specific location to provide a comprehensive analysis of the factors contributing to this phenomenon. The study utilizes a case study approach to examine the root causes of cost overruns in construction projects, with a particular emphasis on identifying the key drivers that lead to budget deviations and exploring potential strategies to mitigate these challenges. By conducting a detailed analysis of cost overruns in the context of the chosen location, this research aims to contribute to the existing body of knowledge in the field of quantity surveying and project management. The introduction section provides an overview of the research topic, highlighting the significance of addressing cost overruns in construction projects and the rationale for conducting the study within the specified location. The background of the study delves into the historical context and existing literature on cost overruns, offering a foundational understanding of the subject matter. The problem statement articulates the specific research question that this study seeks to address, emphasizing the need to identify and address the causes of cost overruns in construction projects. The objectives of the study outline the goals and aims of the research, while the limitations and scope of the study clarify the boundaries and constraints within which the research is conducted. The literature review chapter comprises an extensive analysis of existing literature on cost overruns in construction projects, presenting a synthesis of key findings and insights from previous studies. The review covers ten critical themes related to cost overruns, including project management practices, risk assessment, procurement strategies, and stakeholder engagement, among others. By synthesizing diverse perspectives and research findings, this chapter provides a comprehensive overview of the current state of knowledge on the subject. The research methodology chapter outlines the research design, data collection methods, and analytical techniques employed in this study. It includes detailed descriptions of the case study approach, data sources, sampling strategies, and data analysis procedures. Additionally, the chapter discusses ethical considerations and potential limitations of the research methodology, ensuring the rigor and validity of the findings. The discussion of findings chapter presents a detailed analysis of the data collected during the study, highlighting key insights, patterns, and trends related to cost overruns in construction projects. The chapter explores the identified factors contributing to cost overruns, assesses their implications, and discusses potential strategies for mitigating these challenges. Through a critical examination of the findings, this chapter aims to provide actionable recommendations for practitioners and stakeholders in the construction industry. The conclusion and summary chapter encapsulate the key findings, implications, and contributions of the study. It offers a comprehensive overview of the research outcomes, reiterates the significance of addressing cost overruns in construction projects, and suggests avenues for future research. By synthesizing the research findings and reflecting on the broader implications of the study, this chapter underscores the importance of proactive cost management practices and effective risk mitigation strategies in construction projects. Overall, this thesis contributes to advancing our understanding of cost overruns in construction projects and provides practical insights for addressing this pervasive challenge. By conducting a detailed analysis within a specific location, this research offers context-specific recommendations and strategies for enhancing cost control and project delivery in the construction industry.