Interrelations of the Factors Influencing the Whole-Life Cost Estimation of Buildings: A Systematic Literature Review

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aut.relation.articlenumber740
aut.relation.issue3
aut.relation.journalBuildings
aut.relation.volume14
dc.contributor.authorSamarasekara, Herath Mudiyanselage Samadhi Nayanathara
dc.contributor.authorPurushothaman, Mahesh Babu
dc.contributor.authorRotimi, Funmi
dc.date.accessioned2024-03-12T01:29:35Z
dc.date.available2024-03-12T01:29:35Z
dc.date.issued2024-03-09
dc.description.abstractThe global GDP has witnessed a significant upswing, majorly due to the growth of the construction industry. Embracing the whole-life costing (WLC) approach, the construction sector strategically manages expenses across a construction project’s life cycle. However, despite its widespread adoption, accurate cost forecasting remains a major challenge. The intricate interplay of various influencing factors has not been fully explored, leading to inaccurate cost estimations. A comprehensive understanding of specific factors and their interrelationships is crucial to address this issue. Therefore, it is imperative to conduct further research to identify and explore the subtle nuances of these factors that impact whole-life cost estimation. Our study fills this gap, analysing 51 factors from 84 papers across prominent repositories. We assess interrelationships using a systematic literature review and pairwise comparison as in the analytical hierarchy process. The International Construction Measurement Standards (ICMS) framework structures these relationships and is represented in the causal loop diagrams (CLDs). The pioneering CLDs are a notable contribution, illustrating interrelationships and polarities among the 51 WLC factors. Six reinforcing loops and one balancing loop provide valuable insights into their dynamic nature. Importantly, lower-level factors do not always directly connect with upper-level factors. Instead, they interact within the same level before linking to top-level factors. These findings are significant for professionals, such as cost estimators, quantity surveyors and scholars, offering a comprehensive understanding of the WLC system.
dc.identifier.citationBuildings, ISSN: 2075-5309 (Print), 14(3). doi: 10.3390/buildings14030740
dc.identifier.doi10.3390/buildings14030740
dc.identifier.issn2075-5309
dc.identifier.urihttp://hdl.handle.net/10292/17320
dc.publisherMDPI
dc.relation.urihttps://www.mdpi.com/2075-5309/14/3/740
dc.rights© 2024 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/).
dc.rights.accessrightsOpenAccess
dc.rights.urihttps://creativecommons.org/licenses/by/4.0/
dc.subject1201 Architecture
dc.subject1202 Building
dc.subject1203 Design Practice and Management
dc.subject3301 Architecture
dc.subject3302 Building
dc.subject4005 Civil engineering
dc.titleInterrelations of the Factors Influencing the Whole-Life Cost Estimation of Buildings: A Systematic Literature Review
dc.typeJournal Article
pubs.elements-id541272
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