Please use this identifier to cite or link to this item: https://www.um.edu.mt/library/oar/handle/123456789/10191
Title: Activity cost control and project scheduling in the construction industry : a case study
Authors: Spiteri, Paul (2014) (2)
Keywords: Construction industry -- Malta
Construction industry -- Cost control
Production scheduling -- Malta
Cash flow -- Malta
Issue Date: 2014
Abstract: Purpose: The principal aim of this research is to evaluate the effectiveness of cost control and project scheduling in the construction industry as a tool for ensuring profitability and a stable cash flow. Within this context, the role of a commercial manager will also come into play. It is essential to adopt such a tool given the high degree of competition which is present both locally and abroad. Design: This is a qualitative study which encompasses a combination of a case study approach as well as an explorative approach. Consequently, this study focused on a construction project which was being performed by a medium-sized firm on a local scale. As regards the explorative side of the study, a series of semi-structured interviews were made to different sized firms, including the case company. Findings: The cost control and project scheduling analysis which was performed by the researcher has shown that considerable adverse variances were experienced throughout the project's duration. Medium-sized construction firms believe that the benefits of employing a commercial manager will not outweigh the cost outlay involved. Conversely, large-sized construction firms assert that the long run impact will certainly be onerous. Conclusions: Ultimately, the extent to which a construction firm would require the service of a commercial manager depends on its size and the scale of projects it undertakes. The case company will certainly utilise the analysis which was performed so that inconsistencies which were experienced on this particular project are not brought forward whilst preparing budgets for new projects. Value: Cash flow stability is of utmost importance especially in the construction industry. If the entity continues to apply such an analysis and keeps deviations from forecasts to a minimum, the management of the firm would be able to focus on other issues such as performance evaluation and seeking lower cost suppliers. As a result, management may start to reward employees when favourable variances are achieved.
Description: M.ACCTY.
URI: https://www.um.edu.mt/library/oar//handle/123456789/10191
Appears in Collections:Dissertations - FacEma - 2014
Dissertations - FacEMAAcc - 2014

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