Abstract
M.Ing.
In any development undertaking, costs and effectiveness are ever present factors, which need to be considered carefully and managed effectively. Cost effectiveness relates to the measure and forecast of benefits of a project in terms of mission fulfillment (project effectiveness) in monetary terms, and compares these with the project's total life-cycle cost in order to realise the full potential employed for investment decision purposes. In order to be persuaded to take on the risks (financial, political, and market) associated with property development projects, developers and/or investors need a higher return on investment. Why should developers and/or investors be concerned with cost-effectiveness
analysis? The most superficial answer to this question could be, that references to such analysis can be viewed as an important source of persuasion, giving developers and/or investors an opportunity for proper determination of whether the strategy that is being proposed appears to be worthwhile. Therefore, the purpose of this research is to concentrate on one strand of a wide ranging research agenda, that should provide comprehensive and meaningful information concerned with the issue of cost effectiveness within the housing development industry.