| dc.description.abstract | Construction Industry plays a major role in the development of a country. Cost
is a basic criterion which measures the success of a project. Though the cost
reduction methods are available in the industry, cost overrun has severely
affected the status of the Sri Lankan construction industry. Thus, this paper aims
to identify the impact of cost reduction methods which are currently used over
cost overrun, on the identified management approaches in the Sri Lankan
construction industry. This research was assessed through a detailed
questionnaire survey and interviews. The number of distributed questionnaires
were 60 and the response rate was 88%. Correlation and regression analyses
were done with the use of SPSS software to analyse the collected data. The
interview questions were assessed through the content analysis. The findings
highlighted that there is a positive relationship between cost reduction and
those identified management approaches (pre-contract, post-contract, human
resource, material & change management). It is recommended to change the cost
mitigation measures from traditional methods to new methods such as
sustainable construction and value management strategies. Moreover, the
implementation issues of these methods were identified and suggestions were
made as making proper project planning with the use of actual project data and
software skills. While this research focused on finding the impact of cost
reduction methods, future research could develop and categorize the mode | en_US |
