Mapping the Influence of Project Management Attributes on Project Cost

Mapping the Influence of Project Management Attributes on Project Cost

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Author(s)

Author(s): Jonathan Musonda

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DOI: 10.18483/ijSci.2296 14 35 1-15 Volume 9 - Mar 2020

Abstract

This paper develops a framework to map the influence of project management (PM) attributes on project cost and then test these relationships between PM attributes and project cost on industrial construction projects. PM attributes are identified and classified into five areas: Human Resource Management (HRM), function of PM, partnering and supply chain, design efficiency, and quality. The framework is tested on survey data from construction companies and project management firms in China using the Structural Equation Modeling method. The results reveal that quality, function of PM, and HRM can have a significant positive impact on project cost. Quality is found to have the most direct and greatest impact on project cost efficiency among PM attributes. The goal of this statistical study is to demonstrate the paths and strengths of the effects of PM attributes on project cost.

Keywords

Project Management Attributes, Project Cost, Influence Framework, Structural Equation Modeling

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International Journal of Sciences is Open Access Journal.
This article is licensed under a Creative Commons Attribution 4.0 International (CC BY 4.0) License.
Author(s) retain the copyrights of this article, though, publication rights are with Alkhaer Publications.

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