Please use this identifier to cite or link to this item: https://scholarhub.balamand.edu.lb/handle/uob/4052
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dc.contributor.advisorSemaan, Nabilen_US
dc.contributor.authorSarkis, Sandyen_US
dc.date.accessioned2020-12-23T14:40:05Z-
dc.date.available2020-12-23T14:40:05Z-
dc.date.issued2015-
dc.identifier.urihttps://scholarhub.balamand.edu.lb/handle/uob/4052-
dc.descriptionIncludes bibliographical references (p. 67-71).en_US
dc.descriptionSupervised by Dr. Nabil Semaan.en_US
dc.description.abstractEffective management of projects has been a major research subject in the last century due to the increase of projects in all industries and fields, and the amount of money it attracts. The major problem facing project managers is the inefficient cost control procedures and the lack of management for the main cause behind the cost overrun, the stakeholders. This research develops the Stakeholder Impact on Cost Contingency (SICC) model. The SICC model is used to estimate the cost contingency of a project. The model takes into account five main stakeholders of the project: the project manager, the client/owner, the engineer, the contractor, and the government. Furthermore, the developed model analyzes the complete project life cycle: the conceptual phase, the design phase and the construction phase. The SICC model uses the Analytic Hierarchy Process (AHP) in order to determine the power weights of the stakeholders, the Multi Attribute Utility Theory (MAUT) in order to assess the impact level of the stakeholders on the project and finally the Fuzzy Set Theory (FST) to evaluate the likelihood of interference of the stakeholders during the three project phases. Finally, a Stakeholder Cost Contingency (SCC) is estimated. Data was collected from experts through interviews and questionnaires. The interviewees were sample experts in the field of management and engineering. Statistical and sensitivity analysis were performed on the collected power weights. The analyses show that the client has the highest power weight in the conceptual phase (33%), and that the Stakeholder Cost Contingency (SCC) values are sensitive to the client change in power weights, again during the conceptual phase. The developed model is applied to 35 projects. The results show that most values of the Stakeholder Cost Contingency (SCC) range between 8 to 14%. This research is relevant to engineering management practitioners and researchers, since it develops a tool for evaluating the cost contingency of projects due to stakeholders influence.en_US
dc.description.statementofresponsibilityBy Sandy Sarkisen_US
dc.format.extentviii, 74 p. :ill., tables ;30 cmen_US
dc.language.isoengen_US
dc.rightsThis object is protected by copyright, and is made available here for research and educational purposes. Permission to reuse, publish, or reproduce the object beyond the personal and educational use exceptions must be obtained from the copyright holderen_US
dc.subject.lcshProject managementen_US
dc.subject.lcshConstruction industry--Cost controlen_US
dc.titleStakeholder impact on cost contingency model (SICC)en_US
dc.typeThesisen_US
dc.contributor.departmentDepartment of Engineering Managementen_US
dc.contributor.facultyFaculty of Engineeringen_US
dc.contributor.institutionUniversity of Balamanden_US
dc.date.catalogued2015-06-05-
dc.description.degreeMS in Engineering Managementen_US
dc.description.statusPublisheden_US
dc.identifier.ezproxyURLhttp://ezsecureaccess.balamand.edu.lb/login?url=http://olib.balamand.edu.lb/projects_and_theses/GP-EM-19.pdfen_US
dc.identifier.OlibID160989-
dc.provenance.recordsourceOliben_US
Appears in Collections:UOB Theses and Projects
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