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Analysing Cost Overrun in Building a Construction Project Using Building Information Modeling

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Project Management in the Digital Transformation Era (IPMA 2021)

Abstract

The growth of construction projects and technology in Indonesia is very rapid in the implementation process which has resulted in several innovations. One of the innovation models in construction modeling is building information modeling (BIM). Meanwhile, in implementing a construction project, there is often cost overrun and delays. This paper aims to analyze the causes of cost overrun in building construction projects in the construction phase using BIM. A structural equation model (SEM) method with a smart partial least square tool was used to analyze what causes and influences cost overrun that can be tackled by BIM. The factors that influence cost overrun are the high frequency of change in the construction phase, schedule delays, inadequate control and monitoring, poor finance control in the field, inadequate supervisor placement and qualifications, shipping delays, inadequate equipment, a lack of material, and poor management and supervision at the site. This paper contributes to project managers and project teams to know what factors influence cost overrun in building a construction project.

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Correspondence to Lukas Beladi Sihombing .

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Sihombing, L.B., Baskoro, A.T. (2023). Analysing Cost Overrun in Building a Construction Project Using Building Information Modeling. In: Bushuyev, S., Ding, R., Radujkovic, M. (eds) Project Management in the Digital Transformation Era. IPMA 2021. Lecture Notes in Networks and Systems, vol 704. Springer, Cham. https://doi.org/10.1007/978-3-031-34629-3_16

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