A Study on Innovative Approach to be Adapted in Project Management Iron Triangle

Chen, Shi Yuan (2020) A Study on Innovative Approach to be Adapted in Project Management Iron Triangle. Final Year Project (Bachelor), Tunku Abdul Rahman University College.

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Abstract

Construction industry is very important where it contributes a lot to Malaysia’s economy industries. However, many construction projects fail whereby some of them being abandoned, time delay, cost overrun or hand over with poor quality. The failures of such construction projects are due to the poor project management. Therefore, a quantitative research is being carried out to study the innovative approach to be adopted. The 3 objectives are to explore the concept and significance of Iron Triangle towards project success, to identify the factors that will affect the performance of the Iron Triangle in construction project management and to determine the effectiveness of BIM as an innovative approach for the Iron Triangle to success in project management. The technique used to collect data is quantitative method. There were 100 sets of questionnaires being distributed to the professionals in construction industry in Klang Valley, which included the Project Manager, Architect, Quantity Surveyor, Contractor and others. The data was analysed by using Microsoft Excel and findings for the 3 objectives have been discovered. Based on the findings for the first objective in this research, there was a level of total agreement has been found through the responses from respondents for their knowledge on the concept of Iron Triangle. In other words, most of the respondents agreed with the statement on the concept of Iron Triangle, with an average mean of 4.38. For the significance of Iron Triangle, the most important element in Time is the Completion Date; for Cost, the most important element is Life Cycle Cost; while for Quality, the most important element is Product Quality. The findings in the second objective showed that the factors to affect the Time are Improper Planning, Poor Site Management, Material Shortage, Financial Problem and Delay in Decision. The factor to affect the performance of Time that is mostly chosen by the respondents is Improper Planning. Whereas the factors to affect the Cost are Fluctuation of Material Price, The Inflation of Project Cost, Changes in Design Specification, Imprecise of Cost Estimating and Inadequate Planning of Project. In this regards, the factor that the respondents think of affect the most to the performance of Cost is Imprecise of Cost Estimating. For Quality, the factors affect its performance are Poor Supervision by Contractor, Poor Project Specifications, Selection of Design Professional, Insufficient Quality Assurance and Low Quality of Material or Equipment. The mostly affected factor is Poor Supervision by Contractor. The findings result for third objective showed that in overall, there is total level of agreement reached by the respondents on the effectiveness of BIM as an innovative tool to Iron Triangle. In Time, BIM effectively identifies the sequences of schedule, resources required and easily track the progress of logistic timeline. BIM also effective in providing a platform for project parties to communicate so that the decision making will be faster. In Cost, BIM effectively demonstrated the flow of resources in entire construction process and this can help to easily control cost in tracking the project cash flow. BIM 3D modelling also precise and reliable in cost estimating. BIM compare different design alternative to achieve the better value of money for client. In Quality, BIM increase quality of project design and it detects the clash of design until a better design come out. BIM reduce the mistakes due to better conformity between documents with whole team, and this will also reduce the conflicts. The automated production of engineering documents also produce the accurate and consistent information which indirectly increase the project quality