Cost Management and Implementation of Construction Projects in Elgeyo Marakwet County, Kenya.
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Date
2021
Authors
Onyango., Joseph Oluoch
Journal Title
Journal ISSN
Volume Title
Publisher
Kenyatta University
Abstract
Project is effectively implemented if accomplished within time, within the budget and with
excellence that satisfies customers’ expectations and needs. Most construction projects like
housing, roads, parking slots and structural constructions like bridges have experienced cost and
time overruns during the implementation process. In Elgeyo Marakwet, timely implementation
of projects according to budget is considered a shortcoming and considered a major risk in
implementation of construction projects. Completed projects in different regions encountered
between (25%-75%) delay in original time and costs. Elgeyo Marakwet County registered poor
projects implementation in terms of cost and time overruns by (25-75%) in all the government
funded projects in the region even though over one hundred new construction projects are
underway. It is important therefore, to ascertain the factors behind this common phenomenon in
the context of Elgeyo Marakwet County. This study focused at investigating the influence of cost
management on implementation of construction projects in Elgeyo Marakwet County and draw
recommendations on management of the influencing factors. The overall objective of the study
was to establish the influence of cost management on implementation of construction projects in
Elgeyo Marakwet County. The specific objectives were to establish the influence of technical
imprecisions, funding and regulatory policies costs on implementation of construction projects in
Elgeyo Marakwet County. The study was grounded on technology acceptance model theory,
agency cost theory, theory of constraints and project management theory . The study adopted a
descriptive survey design and collection of data was conducted from a target population 100
construction projects. A sample size of 35 construction projects was used for data collection. A
simple stratified random sampling technique was used, and data was primarily obtained through
questionnaire and was constructed on a five level likert scale and closed ended questions that
included prewritten possible responses from which the respondents chose their answers. The
collected data was analyzed by means of descriptive and inferential analysis. Finally, information
was organized and presented in percentages and tables. The overall findings showed that the
predictor variables were statistically significant at different confidence levels where two
predictors were observed to be statistically significant at P value of 0.05. The study found out a
statistically substantial association among the two variables where cost management has a direct
and indirect influence on the construction projects management. The study recommended that to
overcome technical imprecision, funding for projects and regulatory policies risks, adequate
plans, budgets and putting in place mechanisms to respond to any extra in adherence to the
regulatory policies should be well premeditated. Further research is recommended on due to the
limited research and evidence associated with legal, administrative and environmental protection
and mitigation costs.
Description
A Research Project Submitted to the School of Business in Partial Fulfilment for the Award of Master of Business Administration (Project Management) Degree of Kenyatta University, November 2021.
Keywords
Cost Management, Implementation, Construction Projects, Elgeyo Marakwet County, Kenya