Work

Cost overrun factor analysis for hospital projects in Vietnam

Year: 2017

Type: article

Abstract: Many governments in the world are now under heavy pressure for improving services of health care whilst always attempt to use their scarce resources efficiently. Hospital buildings are basically one of the important elements of health care systems. This paper aims to determine factors causing cost overrun in Vietnamese hospital projects. Survey questionnaire and Exploratory Factor Analysis (EFA) are two main methods. The finding indicates that main groups causing cost overrun in hospital projects are: additional work, material cost, and delays. Based on groups of cost overrun, twenty factors were also discovered as well as ranked. In addition, solutions were suggested to solve the cost overrun issue, and then comparisons with previous studies were presented. Results of the study could be applied to monitor policies for the management of hospital projects, and support practitioners in attaining the success of hospital projects.

Source: KSCE Journal of Civil Engineering

DOI: 10.1007/s12205-017-0947-5

Authors: Soo-Yong Kim, Kiet Nguyen Tuan, Jae Do Lee, Hai Pham, Van Truong Luu

Institutions: Pukyong National University, Industrial University of Ho Chi Minh City, Ho Chi Minh City International University

Language: English

Topic: Construction Project Management and Performance

Subfield: Management Science and Operations Research

Field: Decision Sciences

Domain: Social Sciences

SDG: Good health and well-being

Open Access status: hybrid

Estimated APC paid: $1,800