Cost Overruns and Failure in Project Management: Understanding the Roles of Key Stakeholders in Construction Projects

This research investigates the perceived understanding and importance of the key attributes among clients, consultants, and contractors with respect to achieving the target cost performance in construction projects. It identifies the critical factors affecting cost overruns and highlights the criticality for their effective management within the roles and responsibilities among clients, consultants, and contractors in construction projects. The research is expected to abridge a significant knowledge gap by shifting the priorities in cost estimation and management practices across all industry sectors.