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Ahmad, T and Aibinu, A A (2017) Project delivery attributes influencing green building project outcomes: A review and future research directions. Built Environment Project and Asset Management, 7(05), 471-89.
Alashwal, A M and Chew, M Y (2017) Simulation techniques for cost management and performance in construction projects in Malaysia. Built Environment Project and Asset Management, 7(05), 534-45.
- Type: Journal Article
- Keywords: performance,bim,contingency planning,monte carlo simulation,4d simulation,cost estimates
- ISBN/ISSN:
- URL: https://doi.org/10.1108/BEPAM-11-2016-0058
- Abstract:
Purpose Simulation techniques for cost management are useful for modeling uncertainties, making decisions, and improving the accuracy of cost estimation. Despite their usefulness, the application of these techniques in construction projects seems to be uncommon in the construction sector in Malaysia. The purpose of this paper is to determine the application of simulation techniques for cost estimation and control and to assess their influence on project cost performance. Design/methodology/approach A survey questionnaire was used to collect data from 83 government agencies, consultant firms, and contractor firms in Kuala Lumpur, Malaysia. Findings The findings revealed that knowledge of respondents and usage of cost simulation techniques in the Malaysian construction industry is low. In addition, main barriers of implementing cost simulation techniques are identified. Cost performance of construction projects in Malaysia is satisfactory; however, there is no association between this performance and the application of simulation techniques. Originality/value This paper contributes to construction management field by highlighting the main simulation techniques for cost management and drawing the attention of construction professionals and contractors to implement these techniques in construction projects.
Almarri, K and Boussabaine, H (2017) Interdependency of the critical success factors and ex-post performance indicators of PPP projects. Built Environment Project and Asset Management, 7(05), 546-56.
Ekanayake, E M A C and Sandanayake, Y G (2017) LIVE approach: Lean integrated value engineering for construction industry. Built Environment Project and Asset Management, 7(05), 518-33.
Liyanage, C, Dias, N, Amaratunga, D and Haigh, R (2017) Current context of transport sector in south Asia: Recommendations towards a sustainable transportation system. Built Environment Project and Asset Management, 7(05), 490-505.
Victoria, M F, Perera, S, Davies, A and Fernando, N (2017) Carbon and cost critical elements: A comparative analysis of two office buildings. Built Environment Project and Asset Management, 7(05), 460-70.
Zamenian, H, Choi, J, Sadeghi, S A and Naderpajouh, N (2017) Systematic approach for asset management of urban water pipeline infrastructure systems. Built Environment Project and Asset Management, 7(05), 506-17.