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An Analysis of Cost Overrun in the Construction Industry

Abstract This thesis presents a literature research analyzing the cost overrun of the construction industry worldwide, exploring documented causes for cost overrun, and documented parties responsible for the inefficiency. The analysis looks at a comparison between the metrics of construction projects in different continents and regions. Multiple publication databases were used to look into over 300 papers. It is shown that although construction demands are increasing, cost overrun on these projects is not decreasing at the same rate around the world. This thesis also presents a possible solution to improve cost overrun in the construction industry, through the use of the Best Value Performance Information Procurement System (BV PIPS). This is a syst... (more)
Created Date 2017
Contributor Goyal, Abhinav (Author) / Kashiwagi, Jacob (Advisor) / Kashiwagi, Dean (Committee member) / Chong, Oswald (Committee member) / Arizona State University (Publisher)
Subject Management / Best Value / Construction Management / Cost Overrun
Type Masters Thesis
Extent 75 pages
Language English
Reuse Permissions All Rights Reserved
Note Masters Thesis Construction 2017
Collaborating Institutions Graduate College / ASU Library
Additional Formats MODS / OAI Dublin Core / RIS

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Description Dissertation/Thesis