Critical success factors for cost management in public-housing projects

Lovelin Ifeoma Obi · Mohammed Arif · Bankole Osita Awuzie · Rubina Islam · Aman Deep Gupta · Robert O. Walton

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Construction Project Management and Performance BIM and Construction Integration Value Engineering and Management

Abstract

Purpose Effective cost performance is a crucial criterion measuring successful project management in public-housing projects. This paper aims to analyse the vital underlying factors surrounding the successful cost management process (CMP) outcomes in public housing projects (PHPs). Design/methodology/approach The research was conducted in three stages. The first stage consisted of a detailed literature review to document success factors affecting cost performances and management. In stage two, brainstorming sessions were undertaken with construction experts knowledgeable in cost management practices and have been involved in PHPs. These sessions were used to refine those success factors for the PHPs settings and define their criticality with respect to the CMP stages using interpretive ranking process. In stage three, focus group sessions were performed to validate the interrelationships of the contextualised critical success factors. Findings The top three most critical factors for successful implementation and outcomes at all CMP stages in PHPs settings were found to relate to competencies, team qualities and collaborative practices of the project team. Early contractor involvement and effective construction planning and management also emerged relevant to the process. Practical implications Government project departments, project managers and construction organisations (consultants and contractors) need to commit and mandate continuous development of cost management competencies for all professionals engaged in PHPs. Channels supporting team integration and collaborative practices between design and construction teams are required to increase the likelihood of successful project cost management practice and outcomes in PHPs. Originality/value The research has developed a factor-process relationship model that can be used to improve and evaluate the efficacy of CMP implementation in PHP settings.

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References

1996A Guide to the project management body of knowledge 2018The use of focus group discussion methodology: Insights from two decades of application in conservation 2010Cost and time control of construction projects: inhibiting factors and mitigating measures in practice 1987The Rise and Fall of Management Accounting 2012Cost Overruns and Failure in Project Management: Understanding the Roles of Key Stakeholders in Construction Projects 2003Predicting Accuracy of Early Cost Estimates Using Factor Analysis and Multivariate Regression 2012Target value design: using collaboration and a lean approach to reduce construction cost 2012Analysis of critical success factors of world-class manufacturing practices: an application of interpretative structural modelling and interpretative ranking process

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