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Afzal, F, Yunfei, S, Sajid, M and Afzal, F (2019) Integrated priority decision index for risk assessment in chaos: cost overruns in transport projects. Engineering, Construction and Architectural Management, 27(04), 825–49.

  • Type: Journal Article
  • Keywords: Cost overruns; Project chaos; Complexity-risk interdependency; Infrastructure transport projects; Analytical network processing;
  • ISBN/ISSN: 0969-9988
  • URL: https://doi.org/10.1108/ECAM-02-2019-0079
  • Abstract:
    Cost overrun is inherent to project chaos, which is one of the key drivers of project failure. The purpose of this paper is to explore the critical elements of complexity-risk interdependency for cost-chaos in the construction management domain by utilizing a multi-criteria decision model. Design/methodology/approach A total of 12 complexity and 60 risk attributes are initially identified from the literature and using expert’s judgements. For the development of a structured hierarchy of key complexity and risk drivers, a real-time Delphi process is adopted for recording and evaluating the responses from experts. Afterwards, a pair-wise comparison using analytical network processing is performed to measure complexity-risk interdependencies against cost alternatives. Findings The findings of the integrated priority decision index (IPDI) suggest that uncertainties related to contingency and escalation costs are the main sources of cost overrun in project drift, along with the key elements such as “the use of innovative technology,” “multiple contracts,” “low advance payment,” “change in design,” “unclear specifications” and “the lack of experience” appear to be more significant to chaos in complexity-risk interdependency network. Research limitations/implications This study did not address the uncertainty and vulnerability exit in the judgment process, therefore, this framework can be extended using fuzzy logic to better evaluate the significance of cost-chaos drivers. Practical implications These results may assist the management of cost overrun to avoid chaos in a project. The proposed model can be applied within project risk management practices to make better-informed technical decisions in the early phases of the project life cycle where uncertainty is high. Originality/value This research addresses the importance of cost overruns as a source of project chaos in dynamic systems where projects reach the edge of chaos and progress stops. A new IPDI index contributes toward evaluating the severity of complexity and risk and their interdependencies which create cost-chaos in infrastructure transport projects.

Bonanomi, M M, Hall, D M, Staub-French, S, Tucker, A and Talamo, C M L (2019) The impact of digital transformation on formal and informal organizational structures of large architecture and engineering firms. Engineering, Construction and Architectural Management, 27(04), 872–92.

Feghaly, J, El Asmar, M, Ariaratnam, S and Bearup, W (2019) Selecting project delivery methods for water treatment plants. Engineering, Construction and Architectural Management, 27(04), 936–51.

Kannimuthu, M, Raphael, B, Ekambaram, P and Kuppuswamy, A (2019) Comparing optimization modeling approaches for the multi-mode resource-constrained multi-project scheduling problem. Engineering, Construction and Architectural Management, 27(04), 893–916.

Luo, M, Fan, H and Liu, G (2019) Measuring regional differences of construction productive efficiency in China. Engineering, Construction and Architectural Management, 27(04), 952–74.

Ma, H, Liu, Z, Zeng, S, Lin, H and Tam, V W (2019) Does megaproject social responsibility improve the sustainability of the construction industry?. Engineering, Construction and Architectural Management, 27(04), 975–96.

Viles, E, Rudeli, N C and Santilli, A (2019) Causes of delay in construction projects: a quantitative analysis. Engineering, Construction and Architectural Management, 27(04), 917–35.

Wang, S, Tang, J, Zou, Y and Zhou, Q (2019) Research on production process optimization of precast concrete component factory based on value stream mapping. Engineering, Construction and Architectural Management, 27(04), 850–71.