Staff View: The Impact of task and technology characteristics on cost estimation performance in construction projects: A regression analysis

The Impact of task and technology characteristics on cost estimation performance in construction projects: A regression analysis

Accurate cost estimation is crucial for the success of construction projects worldwide. However, many projects encounter failures due to challenges in this area. Existing research has primarily focused on developing and comparing cost estimation methods, as well as identifying factors and best pract...

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Main Authors:	Mohammad Waffy, Fazil, Puteri Fadzline, Muhamad Tamyez, Lee, Chia Kuang
Format:	Article
Language:	English
Published:	Akademia Baru 2023
Subjects:	HD Industries. Land use. Labor HD28 Management. Industrial Management TA Engineering (General). Civil engineering (General) TH Building construction
Online Access:	http://umpir.ump.edu.my/id/eprint/39995/1/The%20Impact%20of%20Task%20and%20Technology%20Characteristics%20on%20Cost.pdf http://umpir.ump.edu.my/id/eprint/39995/ https://doi.org/10.37934/arbms.33.1.114 https://doi.org/10.37934/arbms.33.1.114
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id	my.ump.umpir.39995
record_format	eprints
spelling	my.ump.umpir.399952024-01-15T03:02:41Z http://umpir.ump.edu.my/id/eprint/39995/ The Impact of task and technology characteristics on cost estimation performance in construction projects: A regression analysis Mohammad Waffy, Fazil Puteri Fadzline, Muhamad Tamyez Lee, Chia Kuang HD Industries. Land use. Labor HD28 Management. Industrial Management TA Engineering (General). Civil engineering (General) TH Building construction Accurate cost estimation is crucial for the success of construction projects worldwide. However, many projects encounter failures due to challenges in this area. Existing research has primarily focused on developing and comparing cost estimation methods, as well as identifying factors and best practices for improving cost estimation performance. Yet, only a limited number of studies have explored deeply into the relationship between these factors and cost estimation performance. This study aims to address this gap by investigating how task characteristics and cost estimation method characteristics affect cost estimation performance from the perspective of cost estimators. Data were collected from cost estimators in construction projects and subsequently analyzed using multiple regression analysis. The results demonstrate that task interdependence and the cost estimation method characteristics significantly impact the cost estimation performance. This study provides novel insights regarding the significance of these method characteristics and sheds light on which task characteristics influence the cost estimation performance. It also provides the importance of fostering a positive organizational culture to mitigate the adverse effects of task interdependence on cost estimation performance. Furthermore, this study recommends further exploration of the interaction between task and cost estimation method characteristics through task-technology fit theory or moderator analysis. Akademia Baru 2023-12-28 Article PeerReviewed pdf en cc_by_nc_4 http://umpir.ump.edu.my/id/eprint/39995/1/The%20Impact%20of%20Task%20and%20Technology%20Characteristics%20on%20Cost.pdf Mohammad Waffy, Fazil and Puteri Fadzline, Muhamad Tamyez and Lee, Chia Kuang (2023) The Impact of task and technology characteristics on cost estimation performance in construction projects: A regression analysis. Journal of Advanced Research in Business and Management Studies, 33 (1). pp. 1-14. ISSN 2462-1935. (Published) https://doi.org/10.37934/arbms.33.1.114 https://doi.org/10.37934/arbms.33.1.114
institution	Universiti Malaysia Pahang Al-Sultan Abdullah
building	UMPSA Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universiti Malaysia Pahang Al-Sultan Abdullah
content_source	UMPSA Institutional Repository
url_provider	http://umpir.ump.edu.my/
language	English
topic	HD Industries. Land use. Labor HD28 Management. Industrial Management TA Engineering (General). Civil engineering (General) TH Building construction
spellingShingle	HD Industries. Land use. Labor HD28 Management. Industrial Management TA Engineering (General). Civil engineering (General) TH Building construction Mohammad Waffy, Fazil Puteri Fadzline, Muhamad Tamyez Lee, Chia Kuang The Impact of task and technology characteristics on cost estimation performance in construction projects: A regression analysis
description	Accurate cost estimation is crucial for the success of construction projects worldwide. However, many projects encounter failures due to challenges in this area. Existing research has primarily focused on developing and comparing cost estimation methods, as well as identifying factors and best practices for improving cost estimation performance. Yet, only a limited number of studies have explored deeply into the relationship between these factors and cost estimation performance. This study aims to address this gap by investigating how task characteristics and cost estimation method characteristics affect cost estimation performance from the perspective of cost estimators. Data were collected from cost estimators in construction projects and subsequently analyzed using multiple regression analysis. The results demonstrate that task interdependence and the cost estimation method characteristics significantly impact the cost estimation performance. This study provides novel insights regarding the significance of these method characteristics and sheds light on which task characteristics influence the cost estimation performance. It also provides the importance of fostering a positive organizational culture to mitigate the adverse effects of task interdependence on cost estimation performance. Furthermore, this study recommends further exploration of the interaction between task and cost estimation method characteristics through task-technology fit theory or moderator analysis.
format	Article
author	Mohammad Waffy, Fazil Puteri Fadzline, Muhamad Tamyez Lee, Chia Kuang
author_facet	Mohammad Waffy, Fazil Puteri Fadzline, Muhamad Tamyez Lee, Chia Kuang
author_sort	Mohammad Waffy, Fazil
title	The Impact of task and technology characteristics on cost estimation performance in construction projects: A regression analysis
title_short	The Impact of task and technology characteristics on cost estimation performance in construction projects: A regression analysis
title_full	The Impact of task and technology characteristics on cost estimation performance in construction projects: A regression analysis
title_fullStr	The Impact of task and technology characteristics on cost estimation performance in construction projects: A regression analysis
title_full_unstemmed	The Impact of task and technology characteristics on cost estimation performance in construction projects: A regression analysis
title_sort	impact of task and technology characteristics on cost estimation performance in construction projects: a regression analysis
publisher	Akademia Baru
publishDate	2023
url	http://umpir.ump.edu.my/id/eprint/39995/1/The%20Impact%20of%20Task%20and%20Technology%20Characteristics%20on%20Cost.pdf http://umpir.ump.edu.my/id/eprint/39995/ https://doi.org/10.37934/arbms.33.1.114 https://doi.org/10.37934/arbms.33.1.114
_version_	1822924077370703872
score	13.23243

The Impact of task and technology characteristics on cost estimation performance in construction projects: A regression analysis

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