Dissecting the project anatomy: Understanding the cost of managing construction projects

Haaskjold, Haavard; Andersen, Bjørn; Langlo, Jan Alexander

doi:10.1080/09537287.2021.1891480

Cited by 17 publications

(6 citation statements)

References 72 publications

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“…As a result, the PSF project management increased their project time to a whopping average of 28%. This finding is in stark contrast with recent studies that report that supply chain project management costs are circa 10% and, in general, anywhere between 2% and 15% (Haaskjold et al 2021;Kerzner 2017).…”

Section: Individual-level -The Consultantscontrasting

confidence: 85%

Normalizing White-Collar Wrongdoing in Professional Service Firms

Krystallis¹,

Locatelli

2022

J. Manage. Eng.

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There is extensive literature on top managers committing wrongdoing, but few studies examine white-collar wrongdoing. Drawing on the experiences of a professional service firm, we examine why and how engineering consultants normalize wrongdoing.Leveraging bounded rationality theory, we find that organizational myopia promotes inadequate administrative systems that holds consultants' prisoners to their rules and procedures, leading to normalized wrongdoing. Our theoretical contributions are threefold. (1) We contribute to the literature on wrongdoing presenting the relation between organizational myopia and normalized wrongdoing. (2) We contribute to the administrative systems literature showing their link with poor project performance. (3)We show how administrative systems and normalized wrongdoing play a role in project scope creep. We introduce an "iceberg model" to show that the failed project (the tip of the iceberg) is due to organizational myopia and inefficient administrative systems that need to be addressed before starting any project.

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Section: Individual-level -The Consultantscontrasting

confidence: 85%

Normalizing White-Collar Wrongdoing in Professional Service Firms

Krystallis¹,

Locatelli

2022

J. Manage. Eng.

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“…Owners' Satisfaction focuses more on indirect benefits. Total project costs include production costs and transaction costs associated with project management [14]. According to Waheeb's study [20], project costs increase suddenly under contingency.…”

Section: Indicators and Datamentioning

confidence: 99%

“…Sanchez [13] uses Bayesian networks to normalize the knowledge of project managers and extracts knowledge from a database of past projects to reduce the risk of project cost (or budget) overruns. Haaskjold [14] investigated the proportion of the total cost of a construction project spent on project management and quantified the size of the transaction costs in the head of a project in a construction project compared to the size of its body, the result was 18%. It can compare with our study of the change of project management costs in contingency.…”

Section: Introductionmentioning

confidence: 99%

Project Cost Management Under Contingency: An Effective Path Analysis of Fuzzy Set Qualitative Comparative Analysis

Liao,

Zhang,

Tan

et al. 2023

Advances in Economics, Business and Management Research

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Construction projects under contingency are characterized by high uncertainty and difficulty in cost control. This study aims to analyze the impact of uncertainty on project cost management under contingency. By reviewing related literature, the influencing factors of construction cost management are identified. Cost data were collected for 6 projects under construction affected by COVID-19 from 2020 to 2022. On this basis, an analytical evaluation of the effective path for construction projects was performed using the fuzzy set qualitative comparative analysis (fsQCA) method to evaluate the influence of antecedent variables on explanatory variables in the combined state, which helps construction contractors to find solutions to cost management problems in unexpected situations. The result is valid non-Boolean configuration paths.

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“…In this study, smart construction projects refer to the high integration of construction projects and cutting-edge IT technologies to achieve real-time updates in building modeling, transaction security, reduced delivery costs, and effective collaboration [76,77]. Most of the current research focused on solving the multiparty information exchange in constructiontype projects.…”

Section: Smart Construction Projectmentioning

confidence: 99%

Hyperledger for IoT: A Review of Reconstruction Diagrams Perspective

Leng

Wang²,

Zheng³

et al. 2022

Electronics

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The convergence of blockchain with the internet of things (IoT) attracted widespread attention. Blockchain mainly solved the problem of secure storage and trusted transactions. The convergence of these two emerging technologies enhanced the security of smart services. However, there were some technical barriers to the deployment of practical IoT systems. In order to further promote the popularity and application of blockchain in the IoT, Hyperledger became the ideal technology to overcome these obstacles. In recent years, the mainstream application fields of IoT tried to carry out integration with Hyperledger to achieve high security, fine-grained privacy protection, real-time data flow, robustness, and other business requirements. However, there was a lack of literature review on this topic. This study obtained the latest related literature of Hyperledger in IoT from Web of Science, Wordlib, and EBSCO databases. To demonstrate more intuitive differences and provide a technology convergence process, this study proposes a reconstruction diagram analysis method. Reconstruction is the process of fusing the core design and the original architecture diagram in the literature and reconstructing the diagram so that it can show the core ideas of the literature. This approach aims to visualize the core ideas of the literature. Finally, this paper prospected and concluded by proposing four directions for future work, including a low-energy consensus algorithm, intelligent transaction validation, mixed on-chain and off-chain storage, and customized incentives.

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Dissecting the project anatomy: Understanding the cost of managing construction projects

Cited by 17 publications

References 72 publications

Normalizing White-Collar Wrongdoing in Professional Service Firms

Normalizing White-Collar Wrongdoing in Professional Service Firms

Project Cost Management Under Contingency: An Effective Path Analysis of Fuzzy Set Qualitative Comparative Analysis

Hyperledger for IoT: A Review of Reconstruction Diagrams Perspective

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