Identification of Factors Affecting Cost Performance of Construction Projects

Abstract

Abstract-Construction projects are measured in terms of cost, quality and time. Project success is related to completion of projects within a specified budget. Khyber Pakhtunkhwa (province of Pakistan) is facing project management related issues such as cost overrun. Cost is among the most important contemplations throughout the project management life cycle. It can be looked upon as one of the most significant parameters of a project and the driving force for its success. In order to point out the significant factors that cause cost overrun of construction projects. In this paper, a total of 31 factors are selected. Data is in the form of feedback from construction practitioners and subject matter experts. The statistical tools such as mean and relative importance index are used to identify significant factors related to cost.