The main risk factors leading to cost overrun in delivery of Czech public building projects

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F68407700%3A21110%2F18%3A00329197" target="_blank" >RIV/68407700:21110/18:00329197 - isvavai.cz</a>

Výsledek na webu

<a href="http://bit.fsv.cvut.cz/" target="_blank" >http://bit.fsv.cvut.cz/</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.14311/bit.2018.02.02" target="_blank" >10.14311/bit.2018.02.02</a>

Jazyk výsledku

angličtina

Název v původním jazyce

The main risk factors leading to cost overrun in delivery of Czech public building projects

Popis výsledku v původním jazyce

Non-compliance with a construction budget threatens the development and success of building projects and reduces investor's profit. The biggest cost overruns of building projects occur in developing countries, however, construction budget overruns are common problem of many building projects all around the World and have become an industry-wide status quo. It’s important to understand the root of the general problem, especially if a project budget is curtailed or in the public gaze, as in a case of public buildings. Based on the literature review, this paper discusses the main risk factors leading to cost overruns and delay of public building projects in the Czech Republic and compares the local situation with that in the World. The analysis showed that in most cases, the main factors that have major impact on project´s budget overrun are those related to an inaccurate project management prior the start of a building process, such as inaccurate estimates of project´s budget and timelines, serious errors in design plans, administration errors or poor site management. Adopting an appropriate precaution during a pre-construction phase, such as better communication between architects, contractors, owners and site managers or using specific construction software, can enable execution of complex projects with greater control and limit the project´s cost overruns in the future.

Název v anglickém jazyce

The main risk factors leading to cost overrun in delivery of Czech public building projects

Popis výsledku anglicky

Non-compliance with a construction budget threatens the development and success of building projects and reduces investor's profit. The biggest cost overruns of building projects occur in developing countries, however, construction budget overruns are common problem of many building projects all around the World and have become an industry-wide status quo. It’s important to understand the root of the general problem, especially if a project budget is curtailed or in the public gaze, as in a case of public buildings. Based on the literature review, this paper discusses the main risk factors leading to cost overruns and delay of public building projects in the Czech Republic and compares the local situation with that in the World. The analysis showed that in most cases, the main factors that have major impact on project´s budget overrun are those related to an inaccurate project management prior the start of a building process, such as inaccurate estimates of project´s budget and timelines, serious errors in design plans, administration errors or poor site management. Adopting an appropriate precaution during a pre-construction phase, such as better communication between architects, contractors, owners and site managers or using specific construction software, can enable execution of complex projects with greater control and limit the project´s cost overruns in the future.

Druh

J_ost - Ostatní články v recenzovaných periodicích

CEP obor

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OECD FORD obor

20101 - Civil engineering

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2018

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Business & IT

ISSN

1805-3777

e-ISSN

2570-7434

Svazek periodika

2018

Číslo periodika v rámci svazku

2

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

8

Strana od-do

14-21

Kód UT WoS článku

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EID výsledku v databázi Scopus

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