Contractors management team roles for project cost control in Ghana
- Owusu, K., Aigbavboa, C., Thwala, Wellington Didibhuku
- Authors: Owusu, K. , Aigbavboa, C. , Thwala, Wellington Didibhuku
- Date: 2015
- Subjects: Cost control , Contractor , Ghana
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/85340 , uj:19331 , Citation: Owusu, K., Aigbavboa, C. & Thwala, W.D. 2015. Contractors management team roles for project cost control in Ghana.
- Description: Abstract: Project cost control is one of the key management practices that are crucial to the survival of every construction company in a country. The involvement, good cooperation and good coordination of the contractors' in-house management team roles are essential to achieve maximum good management practice as well as maximum profit. The objectives of the study were to identify the various roles in-house team members play for successful project cost control and to develop a model to show the interdependencies of the roles among the contractor's team for effective cost control. The study uses both quantitative and qualitative approach. The population and sample sizefor this study comprised all registered members of the Ashanti Region branch of Association of Building and Civil Contractors of Ghana (ABCCG) who wereforty-one (41) members in good standing with response rate of 90%. Likert scale from 'always to never' was used to evaluate the roles of the contractors' team. The survey indicated that the project manager is responsible for checking cost performance, timely co"ective measures and taking plan based on actual cost. The quantity surveyor also prepares detailed estimates, cash flow forecasting, financial reporting, gathers cost data by checking invoices. The store keeper/manager also does inventory control, controlling of materials, and minimizing wastage of materials at construction site. A model developed shows that project manager links up all the professionals by coordination with the contractors' management team to achieve maximum good management practice as well as maximum profit.
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- Authors: Owusu, K. , Aigbavboa, C. , Thwala, Wellington Didibhuku
- Date: 2015
- Subjects: Cost control , Contractor , Ghana
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/85340 , uj:19331 , Citation: Owusu, K., Aigbavboa, C. & Thwala, W.D. 2015. Contractors management team roles for project cost control in Ghana.
- Description: Abstract: Project cost control is one of the key management practices that are crucial to the survival of every construction company in a country. The involvement, good cooperation and good coordination of the contractors' in-house management team roles are essential to achieve maximum good management practice as well as maximum profit. The objectives of the study were to identify the various roles in-house team members play for successful project cost control and to develop a model to show the interdependencies of the roles among the contractor's team for effective cost control. The study uses both quantitative and qualitative approach. The population and sample sizefor this study comprised all registered members of the Ashanti Region branch of Association of Building and Civil Contractors of Ghana (ABCCG) who wereforty-one (41) members in good standing with response rate of 90%. Likert scale from 'always to never' was used to evaluate the roles of the contractors' team. The survey indicated that the project manager is responsible for checking cost performance, timely co"ective measures and taking plan based on actual cost. The quantity surveyor also prepares detailed estimates, cash flow forecasting, financial reporting, gathers cost data by checking invoices. The store keeper/manager also does inventory control, controlling of materials, and minimizing wastage of materials at construction site. A model developed shows that project manager links up all the professionals by coordination with the contractors' management team to achieve maximum good management practice as well as maximum profit.
- Full Text: false
Cost control for increased productivity in an engineering project environment
- Authors: Dirker, H.G.
- Date: 2012-08-17
- Subjects: Project management , Engineering -- Management -- Case studies , Cost control , Information storage and retrieval systems
- Type: Thesis
- Identifier: uj:2647 , http://hdl.handle.net/10210/6092
- Description: M.Ing. , Project cost control constitutes one of the three most important aspects in managing a project effectively. The other two items are time and quality. In order to control the cost aspect of a project as effectively as possible, up-to-date information is needed. This points to a properly integrated cost control system that simultaneously supports all the needs of project management. Fortunately in todays engineering environment, information systems have evolved to such a level that simultaneous support to all aspects of project management is achievable. It is the goal of this thesis to investigate how to do proper cost control and status reporting in the correct manner and as effectively as possible by making use of modern information systems in order to increase to productivity levels of organisations. Ways in which the cost controlling process can be integrated with the status reporting process will be investigated. A case study will be done in the author's own project engineering environment and improvements to the process will be made in order to increase productivity levels in the author's working environment.
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- Authors: Dirker, H.G.
- Date: 2012-08-17
- Subjects: Project management , Engineering -- Management -- Case studies , Cost control , Information storage and retrieval systems
- Type: Thesis
- Identifier: uj:2647 , http://hdl.handle.net/10210/6092
- Description: M.Ing. , Project cost control constitutes one of the three most important aspects in managing a project effectively. The other two items are time and quality. In order to control the cost aspect of a project as effectively as possible, up-to-date information is needed. This points to a properly integrated cost control system that simultaneously supports all the needs of project management. Fortunately in todays engineering environment, information systems have evolved to such a level that simultaneous support to all aspects of project management is achievable. It is the goal of this thesis to investigate how to do proper cost control and status reporting in the correct manner and as effectively as possible by making use of modern information systems in order to increase to productivity levels of organisations. Ways in which the cost controlling process can be integrated with the status reporting process will be investigated. A case study will be done in the author's own project engineering environment and improvements to the process will be made in order to increase productivity levels in the author's working environment.
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Exploring the integrated cost control models used in the construction industry
- Adjei, K.O., Aigbavboa, C.O., Thwala, Wellington Didibhuku
- Authors: Adjei, K.O. , Aigbavboa, C.O. , Thwala, Wellington Didibhuku
- Date: 2016
- Subjects: Cost control , Model , Construction industry
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/217000 , uj:21584 , Citation: Adjei, K.O., Aigbavboa, C.O. & Thwala, W.D. 2016. Exploring the integrated cost control models used in the construction industry.
- Description: Abstract: Project cost control models bring about all the techniques used in developing construction cost, cash flow forecasting and cost control. The construction industry has been unfamiliar with its characteristics and properties.This study therefore exploresthe existing integrated cost control models used in the construction industry.The study was conducted through a literatureresearch. Three different integrated cost control models used for the construction industry were selected between the years 2001 and 2013. The data used in the report is mainly qualitative and it was based on content analysis.The findings show that all the models had cost control systems. The inputs of the models were bills of quantities, resources list, activities programme, work breakdown structure and estimates. The processes of the models were managing all the resources; materials, labour, equipment and overhead costs, monitoring, controlling, reporting, decision making, corrective actions, forecasting and deadlines. Lastly the outputs of the models were project loss or profit, post evaluation and historical data kept for future use.
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- Authors: Adjei, K.O. , Aigbavboa, C.O. , Thwala, Wellington Didibhuku
- Date: 2016
- Subjects: Cost control , Model , Construction industry
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/217000 , uj:21584 , Citation: Adjei, K.O., Aigbavboa, C.O. & Thwala, W.D. 2016. Exploring the integrated cost control models used in the construction industry.
- Description: Abstract: Project cost control models bring about all the techniques used in developing construction cost, cash flow forecasting and cost control. The construction industry has been unfamiliar with its characteristics and properties.This study therefore exploresthe existing integrated cost control models used in the construction industry.The study was conducted through a literatureresearch. Three different integrated cost control models used for the construction industry were selected between the years 2001 and 2013. The data used in the report is mainly qualitative and it was based on content analysis.The findings show that all the models had cost control systems. The inputs of the models were bills of quantities, resources list, activities programme, work breakdown structure and estimates. The processes of the models were managing all the resources; materials, labour, equipment and overhead costs, monitoring, controlling, reporting, decision making, corrective actions, forecasting and deadlines. Lastly the outputs of the models were project loss or profit, post evaluation and historical data kept for future use.
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Cost variance analysis of similar scope projects in an energy utility
- Ratsiku, Lufuno, Musonda, Innocent
- Authors: Ratsiku, Lufuno , Musonda, Innocent
- Date: 2015
- Subjects: Cost management , Cost control , Feeder bays
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/87734 , uj:19616 , Citation: Ratsiku, L. & Musonda, I. 2015. Cost variance analysis of similar scope projects in an energy utility.
- Description: Abstract: Please refer to full text to view abstract
- Full Text:
- Authors: Ratsiku, Lufuno , Musonda, Innocent
- Date: 2015
- Subjects: Cost management , Cost control , Feeder bays
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/87734 , uj:19616 , Citation: Ratsiku, L. & Musonda, I. 2015. Cost variance analysis of similar scope projects in an energy utility.
- Description: Abstract: Please refer to full text to view abstract
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