Recent Technologies in Construction; A Novel Search for Total Cost Management of Construction Projects.

Abstract

There is a continuous rise in the implementation of information-driven technology in construction, especially for effective control and management of construction resources. However, the enormous opportunities that these technologies provide have not been adequately utilized for construction cost management. There are so many innovations in the current IR 4.0 era, where digitization and connected systems are the trend of activities in engineering and other allied industries. These innovations are being adopted in the construction industry, to enhance the efficiency of construction processes. The areas of the current trend include Internet of things [IoT], Augmented and Virtual Reality [AR and VR], 5D-BIM, Autonomous Equipment, Artificial Intelligence and Machine Learning, and Predictive Analytics. This paper explores the applications and benefits of these areas of new technological trends in construction project management with emphasis laid in cost management of construction projects. Eighty-one[81] recent publications in journal articles, textbooks, web pages and conference proceedings published between 2008 and 2019 were reviewed in order to articulate and reveal areas of application of the technologies in project cost management and control. The paper exposes areas of application of the current ICT trends which construction managers and project cost managers should harness.

Thematic Trends in Industry 4.0 Revolution Potential towards Sustainability in the Construction Industry

“…It should be noted that issues and challenges refer to industry challenges, while technology and tools discuss technological innovation; some of the articles discuss information technology in terms of software and hardware usage, others discuss construction management, and several articles discuss education related to IR4.0. Zabidin [32] Igwe [33] Ismail [34] Kavuri [35] Lau [36] Mahmud [37] Riazi [38] You and Feng [39] Lee [40] Belle [41] Yousif [76] In Table 4, the results show that the Engineering, Construction, and Architectural Management journal had the most published papers on this topic, with four publications, followed by Sustainability (Switzerland) with three, and the other journals with two and one article, respectively. To sum up, this section responds to RQ1.…”

Acceptance of contemporary technologies for cost management of construction projects

“…Most of those procedures involved in planning, forecasting, budgeting, financing, funding, managing, and monitoring costs are included in project cost management so that the project can be completed on time and within the approved budget. (Igwe, Mohamed, and Azwarie, 2020). At every stage of the cost management processes, at least one of the contemporary technologies can be useful and applicable.…”

Influence of digitalisation adoption level on construction project delivery in Nigeria

“…Studies have explored digitalisation across the globe. However, existing studies examined conceptual issues such as the adoption of digitalisation and its benefits (Karadayi-Usta, 2021), digitalisation (Kalavendi, 2017), digitalising the industry (Hossain and Nadeem, 2019) and novel technologies in construction (Igwe et al , 2019). Among these growing engagements, the level of adoption of digital tools in Nigeria is abysmally reported regionally, e.g.…”