Inter-Relationship between Cost Overrun and Quality of Provincial Public Sector Development Projects (PSDP) Analyzing Dynamics Involved in Provincial Projects of Punjab, Pakistan

Abstract

Aim of Study

This study aims to understand the relationship between cost overrun and quality within Public sector development projects (PSDP) executed in Punjab, Pakistan.

Need of Study

Quality and cost relationship has always been a challenge in the execution of PSDP. These two issues are inseparable and generally have a profound bearing on the success of a project. There are numerous of projects accomplished at very higher cost than expected whereas less attention has been paid to overall project quality. There are records of projects executed at a cost far higher than expected. Others suffer high percentage of delay whereas some suffer less attention been paid to quality.

Research Approach

This research was executed through survey and interviews, using the self-managed questionnaires among the respondents including top level management to lower level management of the PSDP, Punjab, Pakistan. The data was analyzed through Statistical Package for Social Sciences (SPSS-20).

Research Findings

This study revealed that there is highly positive and significant relationship between cost and quality of the PSDP, Punjab, Pakistan. This study has also categorized the most vital factors affecting cost and quality within PSDP, Punjab, Pakistan respect to their significance. This study also subsidizes by enabling the contractor/consultants to succeed with maximum quality ensuring at reasonable cost, thus confirming safety performance within PSDP, Punjab, Pakistan.

Limitations

This study is limited to the PSDP, Punjab, Pakistan only.

Importance and Contribution

The findings of the present study are also important for all the stakeholders (clients, project managers, contractors and consultants). This study will enable management of PSDP, Punjab, Pakistan for taking suitable actions in improving the performance of cost and quality in the PSDP, Punjab, Pakistan.

Keywords: Cost, Quality, Public Sector Development Projects (PSDP)