What are the big issues in cost management?

Mahanim Hanid, Mohan Siriwardena, Lauri Koskela

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review


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 publicationCOBRA 2011
Subtitle of host publicationProceedings of the RICS Construction and Property Conference
PublisherRoyal Institution of Chartered Surveyors
Number of pages8
ISBN (Print)9781907842191
Publication statusPublished - 12 Sep 2011
Externally publishedYes
EventRoyal Institution of Chartered Surveyors International Research Conference - University of Salford , Salford, United Kingdom
Duration: 12 Sep 201113 Sep 2011


ConferenceRoyal Institution of Chartered Surveyors International Research Conference
Abbreviated titleCOBRA 2011
Country/TerritoryUnited Kingdom


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