What are the big issues in cost management?

Mahanim Hanid, Mohan Siriwardena, Lauri Koskela

Research output: Chapter in Book/Report/Conference proceedingConference contribution

4 Citations (Scopus)

Abstract

This paper presents the current big issues in cost management. It covers the theoretical aspects, the causes and effects, and possible countermeasures. This paper is a result of a literature review conducted during the initial stages of a doctoral research. In doing so, principles of lean production are considered as a basis for critical evaluation. Seven big issues have been identified as shortcomings in the current construction cost management approaches. Some of such issues identified are failure to forecast, failure to pinpoint improvement opportunities and poor support to inter-organizational cost management. Possible countermeasures are suggested to address the identified issues. This research is expected to contribute towards developing conceptual solutions for improving the cost management approaches.

Original languageEnglish
Title of host publication19th Annual Conference of the International Group for Lean Construction 2011, IGLC 2011
Pages424-433
Number of pages10
Publication statusPublished - 1 Dec 2011
Externally publishedYes
Event19th Annual Conference of the International Group for Lean Construction - Lima, Peru
Duration: 13 Jul 201115 Jul 2011
Conference number: 19
https://www.tib.eu/en/search/id/TIBKAT%3A746202156/19th-annual-conference-of-the-International-Group/

Conference

Conference19th Annual Conference of the International Group for Lean Construction
Abbreviated titleIGLC2011
CountryPeru
CityLima
Period13/07/1115/07/11
Internet address

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  • Cite this

    Hanid, M., Siriwardena, M., & Koskela, L. (2011). What are the big issues in cost management? In 19th Annual Conference of the International Group for Lean Construction 2011, IGLC 2011 (pp. 424-433) http://iglc.net/Papers/Details/1108