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Cost Effectiveness Evaluation of Villa at Royal Commission in Jubail - Literature review Example

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Cost Effectiveness Evaluation of Villa at Royal Commission in Jubail

2000 p. 15). Measures of effectiveness are also in relations with the achieved results of the designed project. This success factor is represented by the budget, time, quality, client satisfaction, user satisfaction, operational assurance, and learning and exploitation. According to the Roshana Takim’s Analysis of Effectiveness Measures of Construction Project Success in Malaysia, effectiveness is synonymous with success, the degree to which the project objectives are achieved. Therefore effectiveness is the extent to which the project budget, time, and technical specification and mission are met. Project success which is synonymous with its effectiveness is hence measured against the top project priority objectives in terms of the project time, project quality, project cost, and project mission. On the other hand, efficiency is broadly mastered as output maximization for a particular level of resources or input. In this regard, effectiveness of a project is directed towards accomplishing the objectives and goals of the project. Project success is therefore identified in terms of measures of efficiency and effectiveness. This is adherence to the budget scheduled and the basic expectations of project performance. ...
Effectiveness is hence vital to a project as it deals with the project outcomes. Project will hence be termed effective if it accomplishes its objectives. The basis of the monitoring project performance is costs, time and resources and how the variables help achieve success in completion. Project success or effectiveness has two components, that is, project product success and project management success (Vince & Iranmanesh, 2008). We can therefore infer that cost effectiveness of the Villa at Royal Commission in Jubail, can be achieved through ensuring that the project fits within the proposed budget, is delivered in time, and is within the specification of the project plan. Quality is an important aspect of satisfaction. We can therefore consider that the satisfaction of the clients should be based on the comfort of the clients. If the construction of the Villa is based on the prescribed conditions and using the mentioned construction components, then the Villa would possibly satisfy the clients and hence achieve cost effectiveness in building construction. Achievement of cost effectiveness in the Villa at Royal Commission in Jubail would be done right from planning and scheduling of the process of the project. It is also important and necessary to schedule activities and develop a work-based structure in order to identify the shortest time possible for completing the project to enable the deliverables be delivered within the time stipulated for the project (Zeng, 2002 p. 25). The cost effectiveness of a project is therefore a combination of time, budget, and quality specifications. The cost of construction and resources also make but of the ...Show more

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Cost effectiveness evaluation of villa at Royal Commission in Jubail Measures of project effectiveness are used normally by practitioners and researchers to infer and judge the performance of a project as well as its success…
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