Evaluation of the Variables Affecting on the Cost Management and Its Correlation to the Implementation of Construction Projects

Abstract

Profit is the main goal for any project and there is no profit if there is no control and adjust the cost. Therefore,  This study aims to  measures the extent of project managers recognition of the concept of cost management and to highlight the variables affecting the cost management in construction projects.To achieve the objective of this study, the researcher has developed a questionnaire including  six  main axes (design, financial aspect, work site, project management, communication between the three project parties, implementation of the project), including 30 variables that affect directly on  the cost management in construction companies and consultants' offices.This study has concluded two main results. Firstly, project managers have the responsibility for controlling and adjusting  the cost of projects. Secondly,  The most important and affective  variables are doing  the designs required modifications quickly, Inflation, The existence  of warehouses for the storage of materials at the site, develop a list of substitutes of materials and equipment if prices rise, Preparing quick and easy means for communication between contractor, owner and consultant and Contractor has previous experience of implementation  similar projects.

DOI: 10.7176/EJBM/11-2-02