Project cost management practices of construction contractors : a case study of high-rise building projects in Myanmar | |
| Author | Pyae Phyo Aung |
| Call Number | AIT Thesis no.CM-19-16 |
| Subject(s) | Project management--Costs Contractors--Myanmar Skyscrapers--Myanmar |
| Note | A thesis submitted in partial fulfillment of the requirements for the degree of Master of Engineering in Construction Engineering and Infrastructure Management |
| Publisher | Asian Institute of Technology |
| Abstract | This study aims to investigate the project cost management practices of building contractors are used to control the project budget in high rise building projects of contractors in Myanmar. From the contractor perspective, the two stages such as bidding stage and construction stages are conducted into five cost functions of cost planning, cost budgeting, and cost controlling by use of open-ended interview questions as pre-survey. Four high rise building projects were chosen to conduct as case studies and their existing practices. From their existing practices, 21 key issues are identified from sub functions of project cost control functions such as partition activities from top to down, numbering system, formation of cost code, matching of coding system, pricing works, utilization of historic project data, certainty in subcontract evaluation, working budget, constrained to access the budget sheet to the site, market survey, centralized purchasing system, materials cost, labor cost, machinery and equipment cost, cost status analysis, forecasting cost at completion, project cash flow, progress payment, bill verification. Moreover, 21 key issues are identified into key practices of each issue and its consequences to investigate the strength and weakness of key cost control practices by using case-wise analysis. Furthermore, the common strength of key issues and common weakness of key issues of project cost management system were investigated and identified by using cross case pattern matching analysis. Therefore, the study recommends the practices to improve the common weakness of project cost control practices in high rise building projects in Myanmar. |
| Year | 2019 |
| Type | Thesis |
| School | School of Engineering and Technology (SET) |
| Department | Department of Civil and Infrastucture Engineering (DCIE) |
| Academic Program/FoS | Construction Engineering and Infrastructure Management (CM) |
| Chairperson(s) | Chotchai Charoenngam; |
| Examination Committee(s) | Hadikusumo, Bonaventura H.W.;Santoso, Djoen San; |
| Scholarship Donor(s) | AIT Fellowship; |
| Degree | Thesis (M. Eng.) - Asian Institute of Technology, 2019 |