Project Managers' Profile Influence on Design and Implementation of Cost Monitoring and Control Systems for Construction Projects

Abstract

“Cost Monitoring and Control Systems” (CMCS), are important for every construction project, in order to keep cost at completion, within budget. Uniqueness of every project requires a corresponding uniquely planned, organized and operating CMCS. Perception and realization of content and context of the CMCS are affected by experience and knowledge of the project manager (PM). This paper examines the influence of PMs' stereotypes on the CMCS. A prototype questionnaire was designed and a following survey took place. Statistical analysis highlighted several PMs' properties and conceptions that correlate with the setup and implementation of the CMCS.