The Project Management Process of Planning and Budgeting in Public Construction Projects

Abstract

Budgeting and scheduling are central elements in all projects through diverse estimates that are defining the level of project outcome success. It is therefore relevant to study how large public construction agencies apply cost and time scheduling in their projects. The study objective is firstly, to comprehend the process of cost and time scheduling in the initial phases of a project. Secondly, to discover which factors stimulate budget and deadline increases in publicly funded construction projects. Applied data collection is based on semi-structured interviews with publicly agency employed project and property managers. Findings demonstrate that too early decision making disrupt the deadline and total cost in the client briefing stage. Due to lack of clear defined project scope and user requirements are too optimistic. The subsequent project stages are thus pushed by an earlier decided deadline and budget, where following complications within the project organizations were found to stimulate budget and scheduling increases.

Using principal component analysis to identify latent factors affecting cost and time overrun in public construction projects

“…Larsen et al . (2015), additionally, found that the importance of pre-planning was acknowledged by the project managers but time restrictions most often limited the pre-planning and feasibility studies.…”

“…Hence, arguing that project management is equivalent to knowledge management in some regards. Larsen et al (2015), additionally, found that the importance of pre-planning was acknowledged by the project managers, but time restrictions most often limited the pre-planning and feasibility studies.…”

“…Hence, arguing that project management is equivalent to knowledge management in some regards. Larsen et al (2015), additionally, found that the importance of pre-planning was acknowledged by the project managers but time restrictions most often limited the pre-planning and feasibility studies. Better use and reuse of design material from initial design phases, describing wished of the client and end users, demands for function and building use, as well as the reasoning behind the selected design solutions, could nonetheless provide project managers supplementary information and knowledge allowing additional, improved or better-informed planning on a project.…”