Assessments of Barriers to Implementing Cost Control and Optimal Cost Reduction Techniques in Construction Projects: A Case Study of Egypt
Aboelmagd, Y. (2021). Assessments of Barriers to Implementing Cost Control and Optimal Cost Reduction Techniques in Construction Projects: A Case Study of Egypt. EKB Journal Management System, 49(No 4), 509-529. doi: 10.21608/jesaun.2021.68050.1041
Yasser Aboelmagd. "Assessments of Barriers to Implementing Cost Control and Optimal Cost Reduction Techniques in Construction Projects: A Case Study of Egypt". EKB Journal Management System, 49, No 4, 2021, 509-529. doi: 10.21608/jesaun.2021.68050.1041
Aboelmagd, Y. (2021). 'Assessments of Barriers to Implementing Cost Control and Optimal Cost Reduction Techniques in Construction Projects: A Case Study of Egypt', EKB Journal Management System, 49(No 4), pp. 509-529. doi: 10.21608/jesaun.2021.68050.1041
Aboelmagd, Y. Assessments of Barriers to Implementing Cost Control and Optimal Cost Reduction Techniques in Construction Projects: A Case Study of Egypt. EKB Journal Management System, 2021; 49(No 4): 509-529. doi: 10.21608/jesaun.2021.68050.1041

Assessments of Barriers to Implementing Cost Control and Optimal Cost Reduction Techniques in Construction Projects: A Case Study of Egypt

JES. Journal of Engineering Sciences
Article 7, Volume 49, No 4, July and August 2021, Page 509-529  XML PDF (669.22 K)
Document Type: Technical paper
DOI: 10.21608/jesaun.2021.68050.1041
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Author
Yasser Aboelmagd email
Assistant Professor, Department of Mathematics and physics Engineering, Faculty of Engineering, Alexandria University, Alexandria, Egypt
Abstract
The earned value management is a leading technique in monitoring and analyzing project performance and project progress. To fill the gap of limited researches for studying factors inhibiting the ability of contractors to effectively control their projects, a survey was conducted on 22 construction project organizations. It was noted that most project managers and contractors in Egypt find difficulty in controlling project costs due to problems which include Change order, Changes in the design, Errors in the design, current economic situation deterioration, Delay project and Rising prices of materials. Main objectives of this paper are; 1) Identify and prioritize main problems for lack of techniques which cause poor management of cost control with poor site organization and inadequate supervision. 2) Demonstrate the modified Activity Based Costing system as best choices for cost accounting approach for determining construction project accurate cost. To improve capital project cost schedule and predictability using project control system for monitoring and predicting the construction project outcomes. The detailed scope of control systems must base on complexity, size and sensitivity strategy of studied project.
Keywords
Ranking factors; Activity Based Costing; Value Engineering; Earned Value Management; Target Cost and Construction Management
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