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Project Cost Management Under Contingency: An Effective Path Analysis of Fuzzy Set Qualitative Comparative Analysis

In: Proceedings of the 2023 4th International Conference on Management Science and Engineering Management (ICMSEM 2023)

Author

Listed:
  • Rujin Liao

    (Sichuan University, College of Architecture and Environment)

  • Jing Zhang

    (Sichuan University, College of Architecture and Environment)

  • Ruwen Tan

    (Sichuan University, College of Architecture and Environment)

  • Yilin Wu

    (Sichuan University, College of Architecture and Environment)

  • Minjiu Yu

    (Sichuan University, College of Architecture and Environment)

Abstract

Construction projects under contingency are characterized by high uncertainty and difficulty in cost control. This study aims to analyze the impact of uncertainty on project cost management under contingency. By reviewing related literature, the influencing factors of construction cost management are identified. Cost data were collected for 6 projects under construction affected by COVID-19 from 2020 to 2022. On this basis, an analytical evaluation of the effective path for construction projects was performed using the fuzzy set qualitative comparative analysis (fsQCA) method to evaluate the influence of antecedent variables on explanatory variables in the combined state, which helps construction contractors to find solutions to cost management problems in unexpected situations. The result is valid non-Boolean configuration paths.

Suggested Citation

  • Rujin Liao & Jing Zhang & Ruwen Tan & Yilin Wu & Minjiu Yu, 2024. "Project Cost Management Under Contingency: An Effective Path Analysis of Fuzzy Set Qualitative Comparative Analysis," Advances in Economics, Business and Management Research, in: Suhaiza Hanim Binti Dato Mohamad Zailani & Kosga Yagapparaj & Norhayati Zakuan (ed.), Proceedings of the 2023 4th International Conference on Management Science and Engineering Management (ICMSEM 2023), pages 1692-1704, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-256-9_172
    DOI: 10.2991/978-94-6463-256-9_172
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