Risk management in the cost planning and control of building projects : the case of the quantity surveying profession in Kenya

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dc.contributor.advisorBowen, Paulen_ZA
dc.contributor.advisorRwelamila, PDMen_ZA
dc.contributor.advisorAkintonye, Aen_ZA
dc.contributor.advisorStevens, Alan Jen_ZA
dc.contributor.advisorRoot, Daviden_ZA
dc.contributor.authorWanyona, Githaeen_ZA
dc.date.accessioned2014-07-31T10:32:04Z
dc.date.available2014-07-31T10:32:04Z
dc.date.issued2005en_ZA
dc.descriptionIncludes bibliographical references (leaves 295-305).en_ZA
dc.description.abstractThis thesis examines financial risk management in the cost planning and cost control of building projects in Kenya. The quantity surveying professional in Kenya is faced with poor access to the recorded cost data needed for preparing final building cost estimates and for budget prediction. This shortcoming is exacerbated by the passive role played by the professional building cost consultant during design development. Passive professional building cost consultants are unlikely to implement risk management strategies as part of the cost planning and cost control process. The proactive identification of risks and their outcomes is essential for budget prediction and for estimating future risk impacts. The need exists for a generalised procedure that can use the limited available project information, adapting it to specific projects through identified risk indicators such as risk groups, clusters and broad subsets. The primary objectives of the research project were to identify the characteristics of risk in current practice of cost planning and cost control of building projects, and to investigate the efficacy of the techniques employed to assess risk and risk impact in cost prediction.en_ZA
dc.identifier.apacitationWanyona, G. (2005). <i>Risk management in the cost planning and control of building projects : the case of the quantity surveying profession in Kenya</i>. (Thesis). University of Cape Town ,Faculty of Engineering & the Built Environment ,Department of Construction Economics and Management. Retrieved from http://hdl.handle.net/11427/5063en_ZA
dc.identifier.chicagocitationWanyona, Githae. <i>"Risk management in the cost planning and control of building projects : the case of the quantity surveying profession in Kenya."</i> Thesis., University of Cape Town ,Faculty of Engineering & the Built Environment ,Department of Construction Economics and Management, 2005. http://hdl.handle.net/11427/5063en_ZA
dc.identifier.citationWanyona, G. 2005. Risk management in the cost planning and control of building projects : the case of the quantity surveying profession in Kenya. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Wanyona, Githae AB - This thesis examines financial risk management in the cost planning and cost control of building projects in Kenya. The quantity surveying professional in Kenya is faced with poor access to the recorded cost data needed for preparing final building cost estimates and for budget prediction. This shortcoming is exacerbated by the passive role played by the professional building cost consultant during design development. Passive professional building cost consultants are unlikely to implement risk management strategies as part of the cost planning and cost control process. The proactive identification of risks and their outcomes is essential for budget prediction and for estimating future risk impacts. The need exists for a generalised procedure that can use the limited available project information, adapting it to specific projects through identified risk indicators such as risk groups, clusters and broad subsets. The primary objectives of the research project were to identify the characteristics of risk in current practice of cost planning and cost control of building projects, and to investigate the efficacy of the techniques employed to assess risk and risk impact in cost prediction. DA - 2005 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2005 T1 - Risk management in the cost planning and control of building projects : the case of the quantity surveying profession in Kenya TI - Risk management in the cost planning and control of building projects : the case of the quantity surveying profession in Kenya UR - http://hdl.handle.net/11427/5063 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/5063
dc.identifier.vancouvercitationWanyona G. Risk management in the cost planning and control of building projects : the case of the quantity surveying profession in Kenya. [Thesis]. University of Cape Town ,Faculty of Engineering & the Built Environment ,Department of Construction Economics and Management, 2005 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/5063en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentDepartment of Construction Economics and Managementen_ZA
dc.publisher.facultyFaculty of Engineering and the Built Environment
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherConstruction Economics and Managementen_ZA
dc.titleRisk management in the cost planning and control of building projects : the case of the quantity surveying profession in Kenyaen_ZA
dc.typeDoctoral Thesis
dc.type.qualificationlevelDoctoral
dc.type.qualificationnamePhDen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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