{"id":{"repo_id":"cape-town","oai_identifier":"oai:open.uct.ac.za:11427/5063"},"canonical_url":"https://search.dev.ndltd.org/etd/cape-town/oai:open.uct.ac.za:11427/5063","repository":{"repo_id":"cape-town","name":"University of Cape Town","base_url":"https://open.uct.ac.za/oai/request"},"display":{"title":"Risk management in the cost planning and control of building projects : the case of the quantity surveying profession in Kenya","abstract":"This thesis examines financial risk management in the cost planning and cost control of building projects in Kenya. The quantity surveying professional in Kenya is faced with poor access to the recorded cost data needed for preparing final building cost estimates and for budget prediction. This shortcoming is exacerbated by the passive role played by the professional building cost consultant during design development. Passive professional building cost consultants are unlikely to implement risk management strategies as part of the cost planning and cost control process. The proactive identification of risks and their outcomes is essential for budget prediction and for estimating future risk impacts. The need exists for a generalised procedure that can use the limited available project information, adapting it to specific projects through identified risk indicators such as risk groups, clusters and broad subsets. The primary objectives of the research project were to identify the characteristics of risk in current practice of cost planning and cost control of building projects, and to investigate the efficacy of the techniques employed to assess risk and risk impact in cost prediction.","abstract_html":"This thesis examines financial risk management in the cost planning and cost control of building projects in Kenya. The quantity surveying professional in Kenya is faced with poor access to the recorded cost data needed for preparing final building cost estimates and for budget prediction. This shortcoming is exacerbated by the passive role played by the professional building cost consultant during design development. Passive professional building cost consultants are unlikely to implement risk management strategies as part of the cost planning and cost control process. The proactive identification of risks and their outcomes is essential for budget prediction and for estimating future risk impacts. The need exists for a generalised procedure that can use the limited available project information, adapting it to specific projects through identified risk indicators such as risk groups, clusters and broad subsets. The primary objectives of the research project were to identify the characteristics of risk in current practice of cost planning and cost control of building projects, and to investigate the efficacy of the techniques employed to assess risk and risk impact in cost prediction.","abstract_has_math":false,"creators":["Wanyona, Githae"],"institution":"Department of Construction Economics and Management","degree_name":null,"degree_level":null,"degree_discipline":null,"degree_department":null,"school":null,"contributors":[],"advisors":["Bowen, Paul","Rwelamila, PDM","Akintonye, A","Stevens, Alan J","Root, David"],"committee_chairs":[],"committee_members":[],"year":2005,"date_issued":"2005","date_published":"2005","updated_at":"2026-07-22T22:23:38Z","subjects":[],"languages":["eng"],"rights":[],"rights_urls":[],"identifier_entries":[]},"links":{"outbound_url":"http://hdl.handle.net/11427/5063","outbound_label":"Handle","outbound_source":"dc:identifier.uri"},"metadata_groups":[{"id":"people","label":"People","entries":[{"key":"dc:contributor.advisor","label":"Advisor","values":["Bowen, Paul","Rwelamila, PDM","Akintonye, A","Stevens, Alan J","Root, David"]},{"key":"dc:creator","label":"Author","values":["Wanyona, Githae"]}]},{"id":"academic_context","label":"Academic Context","entries":[{"key":"dc:date.accessioned","label":"Dc Date Accessioned","values":["2014-07-31T10:32:04Z"]},{"key":"dc:date.available","label":"Dc Date Available","values":["2014-07-31T10:32:04Z"]},{"key":"dc:date.issued","label":"Date","values":["2005"]},{"key":"dc:publisher.department","label":"Dc Publisher Department","values":["Department of Construction Economics and Management"]},{"key":"dc:publisher.institution","label":"Dc Publisher Institution","values":["University of Cape Town"]},{"key":"dc:type","label":"Dc Type","values":["Doctoral Thesis"]},{"key":"dc:type.qualificationlevel","label":"Dc Type Qualificationlevel","values":["Doctoral"]},{"key":"dc:type.qualificationname","label":"Dc Type Qualificationname","values":["PhD"]}]},{"id":"language_rights","label":"Language and Rights","entries":[{"key":"dc:language.iso","label":"Language (ISO)","values":["eng"]}]},{"id":"identifiers","label":"Identifiers","entries":[{"key":"dc:identifier.uri","label":"Identifier URI","values":["http://hdl.handle.net/11427/5063"]}]},{"id":"additional","label":"Additional Metadata","entries":[{"key":"dc:description","label":"Description","values":["Includes bibliographical references (leaves 295-305)."]},{"key":"dc:description.abstract","label":"Abstract","values":["This thesis examines financial risk management in the cost planning and cost control of building projects in Kenya. The quantity surveying professional in Kenya is faced with poor access to the recorded cost data needed for preparing final building cost estimates and for budget prediction. This shortcoming is exacerbated by the passive role played by the professional building cost consultant during design development. Passive professional building cost consultants are unlikely to implement risk management strategies as part of the cost planning and cost control process. The proactive identification of risks and their outcomes is essential for budget prediction and for estimating future risk impacts. The need exists for a generalised procedure that can use the limited available project information, adapting it to specific projects through identified risk indicators such as risk groups, clusters and broad subsets. The primary objectives of the research project were to identify the characteristics of risk in current practice of cost planning and cost control of building projects, and to investigate the efficacy of the techniques employed to assess risk and risk impact in cost prediction."]},{"key":"dc:title","label":"Title","values":["Risk management in the cost planning and control of building projects : the case of the quantity surveying profession in Kenya"]}]}],"canonical_facts":{"dc:contributor.advisor":["Bowen, Paul","Rwelamila, PDM","Akintonye, A","Stevens, Alan J","Root, David"],"dc:creator":["Wanyona, Githae"],"dc:date.accessioned":["2014-07-31T10:32:04Z"],"dc:date.available":["2014-07-31T10:32:04Z"],"dc:date.issued":["2005"],"dc:description":["Includes bibliographical references (leaves 295-305)."],"dc:description.abstract":["This thesis examines financial risk management in the cost planning and cost control of building projects in Kenya. The quantity surveying professional in Kenya is faced with poor access to the recorded cost data needed for preparing final building cost estimates and for budget prediction. This shortcoming is exacerbated by the passive role played by the professional building cost consultant during design development. Passive professional building cost consultants are unlikely to implement risk management strategies as part of the cost planning and cost control process. The proactive identification of risks and their outcomes is essential for budget prediction and for estimating future risk impacts. The need exists for a generalised procedure that can use the limited available project information, adapting it to specific projects through identified risk indicators such as risk groups, clusters and broad subsets. The primary objectives of the research project were to identify the characteristics of risk in current practice of cost planning and cost control of building projects, and to investigate the efficacy of the techniques employed to assess risk and risk impact in cost prediction."],"dc:identifier.uri":["http://hdl.handle.net/11427/5063"],"dc:language.iso":["eng"],"dc:publisher.department":["Department of Construction Economics and Management"],"dc:publisher.institution":["University of Cape Town"],"dc:title":["Risk management in the cost planning and control of building projects : the case of the quantity surveying profession in Kenya"],"dc:type":["Doctoral Thesis"],"dc:type.qualificationlevel":["Doctoral"],"dc:type.qualificationname":["PhD"]},"updated_at":"2026-07-22T22:23:38Z"}