Abstract — Many projects in the world have suffered from cost overruns due to poor performance during the design and execution stages. A key role in the successful completion of the work is the efficient utilization of materials, labors, plants & machinery and overheads. So most of the project managers and contractors find difficulty in controlling project costs due to problems which include delays by clients to release money, lack of materials and equipment etc. This project deals with a certain technique to control costs by analyzing the actual value and planed value of the project and find the suitable means to improve it. This study identifies the solution for the cost management problems in construction.
Importance of Planning in Construction Project: Construction planning is most basic and highly challenge task during construction project. which include choice of technology, definition of work tasks, requirement of the resources and duration of each tasks . 1. Planning can reduce cost to minimize by control The optimal use of available resources. In construction project , material used expenses and other cost directly determines the final income from this project.
There are some factors to be concerned during delivery of fast-track construction project effectively: (i) Selecting of project delivery way to achieve the required result is important to project. Selected delivery method determines the contracts between the different parties, and the practices necessary to form and administer the contracts as well as risks are assigned. Selection needs to be carefully made on each project which based on specific situations, and primary constraints of the project. (ii) Fast-tracking not only refers to overlapping activities among design and construction work. The extent of fast-track can be extended to the early stage of project.
For design, the proposed parties to bear risk is professional design that is architects and engineers. Engineers and architects need to provide suitable design with functionality and usability of Komtar Tower for minimize the risk of such tower. Suitable design can provide comfort to the users of the building. It can also minimize the risk of increased construction costs due to design changes too frequently during the construction stage, which may cause delays in the completion time of the
1.0 Design Maintainability Issues in Malaysia The building life cycle consists of design, construction, post-occupancy, and disposal phases. Generally, people think that the maintenance issue of building begins at post-occupancy phase because it is presumed that as building become aging, more maintenance will be required. However, it is partly the truth. Many research studies have shown that building defects and poor building performance are highly attributed to design deficiencies during the design stage, which result the maintenance becomes more frequent and more expensive. Maintenance problem should be considered early in the design stage of construction project.
QMS have many applications in the construction industry and implemented either at the company level or at the project level. The quality in the construction industry is linked with client’s satisfaction and the implementation of a quality management system is a key tool in consistently and reliably managing the goal of client satisfaction. Quality management system (QMS) could be implemented either at the organization level or at the project level itself. For the implementation of quality management in construction projects, the concepts of quality planning (identification of quality standards), quality assurance (evaluation of overall project performance) and quality control (monitoring of specific project results) in the quality management processes were defined by Project Management Institute (2000). Several tools and techniques were identified as part of the implementation process, like benefit-cost analysis, benchmarking, flow-charting, design of experiments, cost of quality, quality audits, inspection, control charts, pareto diagrams, statistical sampling, flow-charting and trend
This paper presents a Fault Tree (FT) based approach for quantitative risk analysis in the construction industry that can take into account both types of uncertainties including objective and subjective uncertainty. In this research, the identified basic events are first categorized based on the availability of historical data into probabilistic and possibilistic. The probabilistic and possibilistic events are represented by probability distributions and fuzzy numbers, respectively. The hybrid uncertainty analysis is then performed through combination of Monte Carlo simulation and fuzzy set theory. The probability of occurrence of top event is finally calculated using the proposed fault tree based hybrid uncertainty analysis method.
Furthermore, Olander and Landin (2008) also substantiated the importance of analysis of stakeholder concerns and needs through case studies in Sweden. Identifying and analysing stakeholder concerns in construction projects are essential tasks during the participation process in order to avoid project failures (Atkin and Skitmore, 2008). 2.7.3 Prioritising the stakeholders Karlsen (2002) found in his study for project stakeholder management that some stakeholders have power because they control information and resources, while other stakeholders are important because they decide whether the project result is a success or not. Therefore it was important to prioritize which stakeholder is the most important to the project? 2.7.4 Ensuring effective communication with the
The method is been specified by the contractor as there are many methods and application in Value management and Engineering. Quantitative method According to Saunders (2003), research strategy is a general plan that assists the researcher in order for them to answer research question systematically. Therefore, another method that we use is the Quantitative Method. Quantitative method gives us another option to get finding with another perspective. By using Quantitative Method, we can get the major opinion from people in Public Sector Construction Industry.