Cost planning as a tool in monitoring construction projects in the government sector

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Date
2021-06-17
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Abstract
The aim of this research was to investigate cost planning as a tool in monitoring construction projects in the government sector in the Ghana Armed Forces. The specific objectives of the study include; to identify the cost planning practices being adopted by the Ghana Armed Forces (GAF), to identify the implementation challenges of cost planning methods as a tool for monitoring GAF projects as well as to establish modern cost planning techniques to enhance project delivery on GAF projects. Overall quantitative research approach was adopted with mainly descriptive designs adopted to describe the distinctive and the rating of responses obtained from respondents. The survey instrument used was structured questionnaire adapted from previous literature. The data instrument was administered among 66 respondents of the GAF. The data was presented both in charts and tables and interpretation for each data information was stated. The analysis was obtained with the help of SPSS (version 23.0). The results of the study showed that Cost control of the construction stage, Cost planning and monitoring of the design process must correspond with the funds availability for the projects are highly ranked, cost planning practices being adopted by GAF on projects. The study further revealed that project management information system, Elemental cost planning and Cost estimating were identified as the highly ranked effective modern cost planning techniques that enhances project delivery. The study also concluded that there are significant implementation challenges of cost planning method as a tool for monitoring GAF projects. It is recommended that more cost planning practices should be adopted and used effectively since very little (cost planning practices) works beyond moderate effectiveness.
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A thesis submitted to the Department of Construction Technology, Kwame Nkrumah University of Science and Technology, Kumasi in partial fulfillment of the requirements for the Award Degree of Master of Science in Project Management
Keywords
Cost planning, Monitoring, Construction projects, Government sector
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