Chapter
Nov 9, 2017

Corrective Measures for Construction Project Cost Control

Publication: ICCREM 2017

Abstract

This paper examines corrective measures for construction project cost control. The objectives of the study are to evaluate the procedures and the essential skills required for conducting corrective measures for project cost control. The source of data for conducting the study was literature review. The study reveals that, cost control models or frameworks have corrective measures activity. Corrective measures are well conducted by identifying the causes of the variances of the various work activities or resources such as materials, labor, plant and equipment, and profit and overheads. The procedure for carrying out corrective measures starts from identification of the cause of the problem to evaluation of the corrective measure undertaken. The skills identified are systematic documentation of problem, creativity, brainstorming, problem solving, and effective collaboration in the work environment. A template report form was proposed for carrying out corrective measures in the cost control process.

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Go to ICCREM 2017
ICCREM 2017
Pages: 31 - 37

History

Published online: Nov 9, 2017

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Authors

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Kofi Owusu Adjei [email protected]
Ph.D. Candidate, Dept. of Construction Management and Quantity Surveying, Faculty of Engineering and the Built Environment, Univ. of Johannesburg, Johannesburg 2000, South Africa. E-mail: [email protected]
Clinton Ohis Aigbavboa [email protected]
Associate Professor, Dept. of Construction Management and Quantity Surveying, Faculty of Engineering and the Built Environment, Univ. of Johannesburg, Johannesburg 2000, South Africa. E-mail: [email protected]
Wellington Didibhuku Thwala [email protected]
Professor, Dept. of Construction Management and Quantity Surveying, Faculty of Engineering and the Built Environment, Univ. of Johannesburg, Johannesburg 2000, South Africa. E-mail: [email protected]

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