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.
Description
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