Cost and Time Management Efficiency Assessment for Large Road Projects Using Data Envelopment Analysis

Year 2019, Volume: 30 Issue: 2, 8937 - 8959, 01.03.2019

Changiz Ahbab , Sahand Daneshvar Tahir Celık

https://doi.org/10.18400/tekderg.375664

Cited By: 6

Abstract

Upon the completion of national road projects, their
cost and time deviations are often reported. These deviations from the
projected values are a result of complications in the time and cost management
of such projects. Controlling the cost and time overrun of projects is
important for successful implementation and efficient project management.
However, few studies have attempted to measure the project cost and time
management efficiency in civil engineering. Thus, this issue requires further
investigation. In this study, large road projects that had poor cost and time
management were selected. The chosen projects were configured as Decision
Making Units (DMUs) in a Data Envelopment Analysis (DEA). DEA is a
non-parametric modern mathematical tool for measuring relative managerial
performance and determining efficient DMUs. A list containing the causes of
cost and time deviations and the percentage deviation for each DMU was
prepared. The cost and time management efficiency of the DMUs was calculated
using DEA, and the resulting values were ordered according to importance. It is
believed that this process will contribute to better cost and time management. 

Keywords

data envelopment analysis, Management Performance Evaluation, Project Management Efficiency, Project Management, Cost and Time Overrun

Cost and Time Management Efficiency Assessment for Large Road Projects Using Data Envelopment Analysis

Abstract

Upon the completion of national road projects, their cost and time deviations are often reported. These deviations from the projected values are a result of complications in the time and cost management of such projects. Controlling the cost and time overrun of projects is important for successful implementation and efficient project management. However, few studies have attempted to measure the project cost and time management efficiency in civil engineering. Thus, this issue requires further investigation. In this study, large road projects that had poor cost and time management were selected. The chosen projects were configured as Decision Making Units (DMUs) in a Data Envelopment Analysis (DEA). DEA is a non-parametric modern mathematical tool for measuring relative managerial performance and determining efficient DMUs. A list containing the causes of cost and time deviations and the percentage deviation for each DMU was prepared. The cost and time management efficiency of the DMUs was calculated using DEA, and the resulting values were ordered according to importance. It is believed that this process will contribute to better cost and time management. 

Keywords

Data Envelopment Analysis, Management Performance Evaluation, Project Management Efficiency, Project Management, Cost and Time Overrun

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