Appraisal of Cost Control practices of building infrastructure Projects delivery: a case of Works Department of Tema Metropolitan Assembly.
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Date
2021-05-25
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Abstract
The overall goal of this study was to appraise cost management practices on infrastructure
projects delivery at MMDAs a case of Tema Metropolitan Assembly (TMA). The specific
objectives were to identify the cost management practices applied on infrastructure, the
challenges in the application of cost management practices applied on infrastructure projects
and the best practices in cost management practices for TMA. The objectives informed the
thematic areas for the literature review. Both known and new concepts were reviewed to give
further clarity to the study. An exploratory design was effectively utilized for this research.
Primary data were collected through the use of structured questionnaires, data gathered were
analyzed and findings discussed. It was revealed that the largely employed cost management
practices at the Works Department of Tema Metropolitan Assembly are the Budget planning,
Cost tracking and Project change controlling. Despite the Knowledge and importance the
organization attaches to cost management practices on their infrastructure projects, major
challenges such as Errors in design, Weak Funding, Inaccurate cost estimates, Over
emphasizing on results while ignoring the process of PCC, Improper Management of Funds,
Lack of technical details and precise requirements in contracts, Using obsolete Methods and
Concepts, Lack of consistency in cost management by managers , Difficulty in monitoring
different sources of day-to-day cost data, Serious decision failure, exorbitant marketing
expenses, Non-availability of project management training facilities for professionals, Lack
of recognition of Project Management practices by top management, Lack of electronic data
management system in the organization to capture knowledge or experienced gained from
previous projects were identified which has negative effects on the application of cost
management practices in TMA. It is recommended that Works Department of TMA should
develop cost control philosophy to enhance infrastructures delivery in the assembly.
Description
A thesis submitted to the Department of Construction Technology and Management, Kwame Nkrumah University of Science and Technology, Kumasi, in partial fulfillment of the requirement for the degree of Master of Science in Project Management.
Keywords
Cost Management Practices, Infrastructure, Projects Delivery