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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 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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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. ...
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