COST OVERRUN GAP ANALYSIS IN CONSTRUCTION PROJECTS: STATE -OF-THE-ART
Abdel-Monem, M., El-Mohr, A., El-Dash, K. (2022). COST OVERRUN GAP ANALYSIS IN CONSTRUCTION PROJECTS: STATE -OF-THE-ART. EKB Journal Management System, 51(3), 76-97. doi: 10.21608/erjsh.2022.249998
Mohamed Abdel-Monem; Abdel-Rahman El-Mohr; Karim El-Dash. "COST OVERRUN GAP ANALYSIS IN CONSTRUCTION PROJECTS: STATE -OF-THE-ART". EKB Journal Management System, 51, 3, 2022, 76-97. doi: 10.21608/erjsh.2022.249998
Abdel-Monem, M., El-Mohr, A., El-Dash, K. (2022). 'COST OVERRUN GAP ANALYSIS IN CONSTRUCTION PROJECTS: STATE -OF-THE-ART', EKB Journal Management System, 51(3), pp. 76-97. doi: 10.21608/erjsh.2022.249998
Abdel-Monem, M., El-Mohr, A., El-Dash, K. COST OVERRUN GAP ANALYSIS IN CONSTRUCTION PROJECTS: STATE -OF-THE-ART. EKB Journal Management System, 2022; 51(3): 76-97. doi: 10.21608/erjsh.2022.249998

COST OVERRUN GAP ANALYSIS IN CONSTRUCTION PROJECTS: STATE -OF-THE-ART

Engineering Research Journal (Shoubra)
Volume 51, Issue 3, July 2022, Page 76-97  XML PDF (1.45 MB)
Document Type: Review Articles
DOI: 10.21608/erjsh.2022.249998
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Authors
Mohamed Abdel-Monem1; Abdel-Rahman El-Mohr* 2; Karim El-Dash3
1Civil Eng. Department, Faculty of Engineering, Shoubra, Benha University, Cairo, Egypt.
2Civil Eng. Department, Faculty of Engineering, Shoubra, Benha University, Cairo, Egypt
3Faculty of Engineering, Misr University for Science and Technology, Cairo, Egypt.
Abstract
Poor cost performance is a typical problem in construction projects where few projects were completed 
within the original estimated cost. The previous researches (literature) show that up to 90% of construction projects 
suffer cost overrun with amounts ranged from 5% to 200%. This paper first utilizes a literature review to identify 
cost overrun causes and categorizes such causes based on stakeholder, country, and project type. Secondly, an indepth review was conducted to identify the contractors' cost overrun root causes. Thirdly, contractors' gaps and 
shortage of cost management processes have been identified. Finally, guidelines were concluded to resolve the 
identified gaps and enhance cost performance. The research conclusions depict that the top five cost overrun causes 
were inflation and fluctuation of construction resources, inaccurate cost estimates, poor cost control, poor owners' 
financial status, and work scope change. In addition, this research manifests that two top contractors' related cost 
overrun factors, inaccurate cost estimate, and poor cost control, were deemed the main elements of the cost 
management system. Another major contribution of this research is addressing the gaps in cost management 
processes to pave the way for future studies on identified gaps
Keywords
Cost Overrun; Cost Management; Cost Estimation; and Cost Control
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