Matching Items (3)

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Dynamic Management of Cost Contingency: Impact of KPIs and Risk Perception

Description

Risks are inherent in construction projects. In order to manage risks, contingency amount is set aside usually in an escrow account. Cost contingency can be a handsome amount that would

Risks are inherent in construction projects. In order to manage risks, contingency amount is set aside usually in an escrow account. Cost contingency can be a handsome amount that would get blocked during the execution of the project for further use, incurring constant opportunity cost. The stakeholders may wish to use this held amount for other endeavors during project execution. The managerial practices for dynamic contingency management are of extreme importance. Stakeholders anticipate risks and hindsight project performance by eyeing key performance indicators of a project to direct decisions. The aim of this research is to integrate project key performance indicators with future risk perception to develop a decision support system for facilitating cost contingency release requests. The model is expected to help decision making to ease the managerial burden ensuring effective use of contingency. The findings are not conclusive due to ongoing nature of research.

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Date Created
  • 2016-05-20

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Implications of Stereotype Mosque Architecture on Sustainability

Description

Stereotypical construction of buildings, however convenient, poses its own set of challenges. It affects the sustainable development critically and can give rise to social, economic and environmental problems. In other

Stereotypical construction of buildings, however convenient, poses its own set of challenges. It affects the sustainable development critically and can give rise to social, economic and environmental problems. In other words, same design of a building if repeated irrationally from one place to another even within an identical climatic region gives rise to some grave problems which can compromise multiple dimensions of sustainability. Mosque architecture has some elements that have gradually become its identity. In this research different elements of repetition i.e. stereotype features in mosque architecture are explored. While using a case study approach this research is used to assess mosque projects in an urban region of Lahore, Pakistan. While considering the case studies the positive and negative effects of stereotype elements on three dimensions of sustainability are investigated.

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Date Created
  • 2016-05-20

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Buildings and Their Integration in Communities: Case Study of a Parking Plaza

Description

The development of projects in isolation and such treatment by urban development authorities can lead to socioeconomic success or failure in projects. This dilemma has its roots in poor initial

The development of projects in isolation and such treatment by urban development authorities can lead to socioeconomic success or failure in projects. This dilemma has its roots in poor initial planning both at the level of individual project, and that of community and neighborhoods. Although the facts like project success or failure are readily determinable in case of socioeconomic sustainability, it is difficult to determine how various variables interact in determining project success. This research is aimed at using system dynamics for investigating the phenomenon of unpopularity of building projects within the urban fabric. An attempt is made to discuss the case study of a parking plaza in its context and for detailed investigation of this building, systems thinking methodology is employed. The research has highlighted various variables that have a role to play in making the case study project an example of success or failure in terms of sustainability. The practice of using systems thinking in case of deeply rooted sustainability analysis has brought some new insight which seems to have a promising role to play.

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Date Created
  • 2016-05-20