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Project cost performance forecasting system

Forecasting project cost performance is a paramount important to the project controls process in construction industry. In making profits, today’s construction organization requires an ability to predict, well ahead of time, project performance. Thus, necessary and timely corrective actions need t...

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Main Authors: Mohd. Nasira, Siti Rashidah, Abd. Majid, Muhd. Zaimi
Format: Conference or Workshop Item
Language:English
Published: 2006
Subjects:
TH Building construction
Online Access:http://eprints.utm.my/id/eprint/431/1/SitiRashidahMohd2006_Projectcostperformanceforecastingsystem.pdf
http://eprints.utm.my/id/eprint/431/
http://civil.utm.my/apsec2015/
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id my.utm.431
record_format eprints
spelling my.utm.4312017-08-13T08:57:44Z http://eprints.utm.my/id/eprint/431/ Project cost performance forecasting system Mohd. Nasira, Siti Rashidah Abd. Majid, Muhd. Zaimi TH Building construction Forecasting project cost performance is a paramount important to the project controls process in construction industry. In making profits, today’s construction organization requires an ability to predict, well ahead of time, project performance. Thus, necessary and timely corrective actions need to be taken if project lagged of time or exceed budget. As a consequence, there have been many studies on this aspect which develop theories and methods to improve the forecasting system. Through a critical review of forecasting method approaches, a number of issues are highlighted that concern of the types of forecasting approach, forecasting project cost performance at completion, cost variances in project performance, other critical parameters of project performance to be incorporated along with cost and ineffective methods in generating reliable and timely results and therefore providing early warning of cost performance overruns. Also, it provides fundamental for forecasting system designed for adaptability in a challenging environment and focused throughout on the delivering successful project. 2006-09 Conference or Workshop Item PeerReviewed application/pdf en http://eprints.utm.my/id/eprint/431/1/SitiRashidahMohd2006_Projectcostperformanceforecastingsystem.pdf Mohd. Nasira, Siti Rashidah and Abd. Majid, Muhd. Zaimi (2006) Project cost performance forecasting system. In: 6th Asia-Pacific Structural Engineering and Construction Conference, 5-6 September 2006, Kuala Lumpur, Malaysia. http://civil.utm.my/apsec2015/
institution Universiti Teknologi Malaysia
building UTM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Malaysia
content_source UTM Institutional Repository
url_provider http://eprints.utm.my/
language English
topic TH Building construction
spellingShingle TH Building construction
Mohd. Nasira, Siti Rashidah
Abd. Majid, Muhd. Zaimi
Project cost performance forecasting system
description Forecasting project cost performance is a paramount important to the project controls process in construction industry. In making profits, today’s construction organization requires an ability to predict, well ahead of time, project performance. Thus, necessary and timely corrective actions need to be taken if project lagged of time or exceed budget. As a consequence, there have been many studies on this aspect which develop theories and methods to improve the forecasting system. Through a critical review of forecasting method approaches, a number of issues are highlighted that concern of the types of forecasting approach, forecasting project cost performance at completion, cost variances in project performance, other critical parameters of project performance to be incorporated along with cost and ineffective methods in generating reliable and timely results and therefore providing early warning of cost performance overruns. Also, it provides fundamental for forecasting system designed for adaptability in a challenging environment and focused throughout on the delivering successful project.
format Conference or Workshop Item
author Mohd. Nasira, Siti Rashidah
Abd. Majid, Muhd. Zaimi
author_facet Mohd. Nasira, Siti Rashidah
Abd. Majid, Muhd. Zaimi
author_sort Mohd. Nasira, Siti Rashidah
title Project cost performance forecasting system
title_short Project cost performance forecasting system
title_full Project cost performance forecasting system
title_fullStr Project cost performance forecasting system
title_full_unstemmed Project cost performance forecasting system
title_sort project cost performance forecasting system
publishDate 2006
url http://eprints.utm.my/id/eprint/431/1/SitiRashidahMohd2006_Projectcostperformanceforecastingsystem.pdf
http://eprints.utm.my/id/eprint/431/
http://civil.utm.my/apsec2015/
_version_ 1643643099478491136
score 13.211869

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