Volume : 2, Issue : 1, January - 2013

A Review of cost Management Techniques in Planning Phase of Construction Projects

Tazyeen Ahmad

Abstract :

Cost optimization is a generalized concept it has versatile application in all phase of life cycle of construction project. In recent years the cost aspects of the project has attracted the attention of planners, designers and managers in project activity due to global competitions in infrastructure development as it has direct bearing on economy of the country. In order to know what is already known or what knowledge on cost aspect of construction already exist and after discovering the research gap what is required today, to complete the project in envisaged cost on stipulated contractual obligatory time. In this paper a thorough review of cost management techniques has been done.