on Cost of Tertiary Institution’s Building Projects
FEATURED PAPER
By Arome Ojonugwa Akubo, Emmanuel Chinenye Ubani, Columbus Ikechukwu Anyanwu and Kevin Aku Okorocha
Federal University of Technology
Owerri, Nigeria
and
Kingsley Chinedu Dike
Gentec Nigeria Limited
Port Harcourt, Nigeria
ABSTRACT
This study assessed the impact of schedule overruns on the costs of building construction projects in tertiary institutions in Nigeria. The study sought to assess the magnitude of schedule overruns and their effects on the ultimate cost and quality of building construction project delivery. The research utilised a descriptive survey and exploratory mixed-method methodology, employing purposive, convenience, and census sampling to select 243 practitioners from six Federal Universities in Nigeria’s North Central Zone. Data was collected from respondents and building construction projects using a well-structured questionnaire, semi-structured or concentrated group discussions, personal observations, and site visits. IBM SPSS Statistics 26.0 generated frequency distribution tables and charts of the acquired data. The study’s primary objective was examined using content analysis utilising performance data analysis. The study’s findings reveal that, among thirty (30) building construction projects analysed, twenty-nine (29) experienced schedule overruns ranging from 75% to 230%, while one did not. Thirty (30) building projects were completed within budget, although the average cost overrun was significant. Cost overruns escalated in twenty-nine (29) of the evaluated construction projects. Remarkably, fewer than 50% of the 30 building construction projects that were finished under budget had a cost variance between their initially estimated cost and their actual completed cost.
Keywords: Building construction project, Federal Universities, Project management, Schedule overrun, Projects, Nigeria.
INTRODUCTION
The Federal Government of Nigeria has responded to infrastructural development and educational funding in Nigeria’s higher education institutions through the Tertiary Education Trust Fund (TETFUND) (Akubo, 2024; Onuora et al., 2017). TETFUND accumulated 1.36 trillion Naira in ten years from its inception (Dataphyte, 2019). The money is being utilised for educational projects, particularly construction projects aimed at increasing the infrastructure and quality of higher education in Nigeria. Zailani et al. (2019) noted that the government’s funding program has raised great expectations that the shortage of infrastructure in higher education institutions will be resolved. However, the funding program’s advantages are insignificant due to project execution failures (Ogbogu, 2011).
Project management approaches have demonstrated to be beneficial in terms of project execution, objective achievement, and portfolio management (Pellicer & Victory, 2006; Najim, 2013; Akinola et al., 2019). Previous research has revealed that in order to address the multidimensional issue of project delays and failures, an adequate framework for the implementation of construction projects in developing nations is required. Adopting a framework for project delivery that takes into account the unique characteristics of a specific location improves the efficiency and effectiveness of construction projects throughout their entire cycle.
The need to embark on school building projects within the public sector has been necessitated by the infrastructure deficit and the need to improve education in order to sustain recent economic growth as a result of the commercial discovery of oil (Damoah, Akwei, Ishmael, Amoako, & Kumi, 2020). However, several of these major constructions have faced numerous setbacks, such as abandonment.
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How to cite this paper: Akubo, A. O., Ubani, E. C., Anyanwu, C. I., Okorocha, K. A., Dike, K. C. (2024). An Evaluation of the Extent of Schedule Overruns on Cost of Tertiary Institution’s Building Projects; PM World Journal, Vol. XIII, Issue XI, December. Available online at https://pmworldlibrary.net/wp-content/uploads/2024/12/pmwj147-Dec2024-Akubo-et-al-Schedule-Overruns-on-Tertiary-Building-Projects.pdf
About the Authors
Arome Ojonogwa Akubo
Owerri, Nigeria
Arome Ojonugwa Akubo, B.Tech, M.Tech, M.Sc is an efficient project cost estimating and control professional with 17+ years of work experience in the oil and gas sector. Over the years, he has leveraged academic expertise and a proven knowledge of project costing & control, value engineering, and productivity improvement in the workplace. He is a Certified Estimating Professional (CEP) by the Association for Advancement of Cost Engineers (AACE). He holds a Master of Science (MSc) in Construction Management from Leeds Beckett University, Leeds, United Kingdom, a Master of Technology (M. Tech) in Quantity Surveying from Federal University of Technology Minna, and a Bachelor of Technology (B.Tech) Quantity Surveying from Abubakar Tafawa Balewa University Bauchi, Bauchi. He is a postgraduate student at the Federal University of Technology Owerri, pursuing a PhD in Project Management. He can be contacted at aro2k22@yahoo.com.
Emmanuel Chinenye Ubani, PhD
Federal University of Technology
Owerri, Nigeria
Emmanuel Chinenye Ubani is a Professor in the Department of Project Management Technology, Federal University of Technology, Owerri, Nigeria. He holds a B.Sc, M.Eng and Ph.D in Industrial Engineering and Project Management. His areas of research interest include; Engineering Project Management, Materials Requirement Planning. He is member of the Nigerian Society of Engineers (NSE) and Fellow of the Institute of Industrial Administration. Professor Ubani can be reached at emmanuel.ubani@futo.edu.ng
Columbus Ikechukwu Anyanwu, PhD
Federal University of Technology
Owerri, Nigeria
Columbus Ikechukwu Anyanwu is a Reader in the Department of Project Management Technology, Federal University of Technology, Owerri, Nigeria. He holds a B.Sc, M.Sc, Ph.D in Project Management Technology. His areas of research interest include; Construction Project Management and Industrial Technology. Dr. Columbus Ikechukwu Anyanwu can be reached at columbus.anyanwu@futo.edu.ng
Kevin Aku Okorocha, PhD
Federal University of Technology
Owerri, Nigeria
Kevin Aku Okorocha is a Professor in the Department of Project Management Technology, Federal University of Technology, Owerri, Nigeria. He holds a B.Sc, Estate Management, M.Sc Project Management Technology, MBA in Banking and Finance, M.Sc Economics and Ph.D in Project Management Technology. His areas of research interest include; Project Financing and Investment, Industrial Economics. He is an Associate member of the Nigerian Institute of Estate Surveyors and Valuers, and a Fellow of the Chartered Institute of Project Managers of Nigeria. Professor Okorocha is currently the Dean of the School of Logistics and Innovation Technology, Federal University of Technology, Owerri, Nigeria. He can be reached at kevin.okorocha@futo.edu.ng
Kingsley Chinedu Dike
Gentec Nigeria Limited
PortHarcourt, Nigeria
Kingsley Chinedu Dike, B.Sc is a practicing Quantity Surveyor (MNIQS, RQS) and a Project Coordinator with Gentec Nigeria Limited. He graduated from the University of Uyo with a Bachelor of Science (B.Sc) Degree in Quantity Surveying. His areas of research interest include; Construction Costing, Quantity Surveying and Project Management. He is the Fellow of the Institute of Management Consultants and a Member of Nigerian Institute of Quantity Surveyors. He can be reached at dyko888@gmail.com
